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SLNG

SLNG US Stock
$9
Open: $8.25 High: $8.399 Low: $8.001 Close: $8.125
Range: 2021-05-06 - 2021-05-07
Volume: 6,926
Market: Closed
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SLNG
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SLNG News
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  • Stabilis Solutions Achieves Record First Quarter Revenue and LNG Deliveries

    HOUSTON, May 05, 2021 (GLOBE NEWSWIRE) -- Stabilis Solutions, Inc., ("Stabilis") (NASDAQ:SLNG), a leading provider of energy transition services including liquefied natural gas (“LNG”) and hydrogen fueling solutions, today reported its financial results for its first quarter ended March 31, 2021. 2021 Highlights Achieved record revenue and LNG gallons delivered in the first quarter, surpassing the prior record by 28%Net income and cash flow positive for the first quarterSecured long-term sales contracts for up to 40% of its LNG production plantClosed $10 million credit facility to fund working capital needsCommenced trading on NasdaqExecuted MOU with Port of Corpus Christi to develop LNG solutions First Quarter Results For the first quarter ended March 31, 2021, Stabilis reported its highest ever quarterly revenue of $17.7 million, a 29% sequential increase from the quarter ended December 31, 2020 and a 28% increase from the first quarter of 2020, Stabilis’ previous record revenue quarter. The increase was largely driven by growth in remote power generation projects, continued expansion of the Company’s Mexico operations, and increased activity with aerospace customers. "Stabilis is executing on its plan to deliver low cost and reliable energy transition fuels to its customers," said Jim Reddinger, President and Chief Executive Officer of Stabilis Solutions, Inc. "Our team’s outstanding performance has led us to new business opportunities in both LNG and hydrogen markets. Looking into 2021 and beyond, we expect continued growth.” Revenues from Stabilis' LNG segment totaled $16.1 million, a 33% sequential increase from the quarter ended December 31, 2020 and a 29% increase from the first quarter of 2020. The Company delivered 13.4 million gallons of LNG to customers during the quarter, a 29% sequential increase compared to the fourth quarter of 2020 and a 12% increase compared to the first quarter of 2020. Revenues from Stabilis’ power delivery segment decreased by 5% sequentially but increased 18% compared to the first quarter of 2020. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") improved to $2.7 million, or 15% of revenue during the first quarter, a 14% improvement over the fourth quarter of 2020 and a 78% improvement over the first quarter of 2020. There were no adjustments to EBITDA during the periods covered. Net income for the first quarter of 2021 rose to $0.2 million compared to net losses of ($0.1 million) in the fourth quarter of 2020 and ($1.1 million) during the first quarter of 2020.Cash and cash equivalents as of March 31, 2021 were $3.1 million as compared with $1.8 million, as of December 31, 2020. As previously announced, the Company also secured a $10 million credit facility, commenced trading on the Nasdaq, and executed an MOU to develop marine bunkering solutions using LNG with the Port of Corpus Christi Authority. In addition, the Company signed long-term customer contracts for up to 40% of the production at its LNG production plant. Conference Call Management will host a conference call on Thursday, May 6, 2021 at 10:00 a.m. eastern time (9:00 a.m. central). Dial-in InformationUnited States & Canada: +1 877-545-0320; passcode 225377 International: +1 973-528-0016; passcode 225377Webcast: https://www.webcaster4.com/Webcast/Page/2256/40949 Replay InformationUnited States & Canada: +1 877-481-4010; passcode 40949 International:+1 919-882-2331; passcode 40949 A replay of the call will be available until May 13, 2021 on the Stabilis Investor Center (www.stabilis-solutions.com). About Stabilis Stabilis Solutions, Inc. is a vertically integrated energy transition company that provides clean energy solutions to our customers. Our solutions include small-scale liquefied natural gas (“LNG”) production, distribution and fueling services to multiple end markets in North America. Stabilis also provides hydrogen fueling services to its customers. Stabilis has safely delivered over 250 million gallons of LNG through more than 25,000 truck deliveries during its 16-year operating history in the LNG industry, which we believe makes us one of the largest and most experienced small-scale LNG providers in North America. Stabilis’ customers use LNG and hydrogen as fuel sources in a variety of applications in the industrial, energy, mining, utilities and pipelines, commercial, and high horsepower transportation markets. Stabilis’ customers use LNG and hydrogen as alternatives to traditional fuel sources, such as distillate fuel oil and propane, to lower fuel costs and reduce harmful environmental emissions. Stabilis’ customers also use LNG as a “virtual pipeline” solution when natural gas pipelines are not available or volumes are curtailed. To learn more, visit www.stabilis-solutions.com. Cautionary Statement Regarding Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. Any actual results may differ from expectations, estimates and projections presented or implied and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “can,” “believes,” “anticipates,” “expects,” “could,” “will,” “plan,” “may,” “should,” “predicts,” “potential” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect the parties’ current beliefs, based on information currently available. Most of these factors are outside the parties’ control and are difficult to predict. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Factors that may cause such differences include, among other things: the future performance of Stabilis, future demand for and price of LNG, availability and price of natural gas, unexpected costs, and general economic conditions. The foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in the Risk Factors in Item 1A of our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 16, 2021 which is available on the SEC’s website at www.sec.gov or on the Investors section of our website at www.stabilis-solutions.com. All subsequent written and oral forward-looking statements concerning Stabilis, or other matters attributable to Stabilis, or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Stabilis does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. Stabilis Solutions, Inc. and SubsidiariesCondensed Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share data) Three Months EndedMarch 31, 2021 2020Revenue LNG product$11,695 $9,131 Rental, service and other4,425 3,397 Power delivery1,544 1,310 Total revenues17,664 13,838 Operating expenses: Cost of LNG product8,812 6,097 Cost of rental, service and other2,241 1,671 Costs of power delivery1,160 1,247 Selling, general and administrative expenses3,225 3,186 Depreciation expense2,225 2,270 Total operating expenses17,663 14,471 Income (loss) from operations before equity income1 (633)Net equity income (loss) from foreign joint ventures' operations: Income (loss) from equity investments in foreign joint ventures421 (114)Foreign joint ventures' operations related expenses(67) (60)Net equity income (loss) from foreign joint ventures' operations354 (174)Income (loss) from operations355 (807)Other income (expense): Interest expense, net(17) (11)Interest expense, net - related parties(173) (240)Other income90 38 Gain from disposal of fixed assets— 11 Total other income (expense)(100) (202)Income (loss) before income tax expense255 (1,009)Income tax expense80 41 Net income (loss)$175 $(1,050) Common Stock Data: Net income (loss) per common share: Basic and diluted$0.01 $(0.06)Weighted average number of common shares outstanding: Basic and diluted16,896,626 16,819,681 EBITDA$2,670 $1,512 Adjusted EBITDA2,670 1,512 Revenues by Segment(unaudited in thousands) Three Months EndedMarch 31, 2021 2020Revenue LNG$16,120 $12,528 Power Delivery1,544 1,310 Total Revenue$17,664 $13,838 Gallons Delivered(unaudited in thousands) Three Months EndedMarch 31, 2021 2020Gallons Delivered George West6,517 6,968 3rd Party6,891 4,979 Total Gallons Delivered13,408 11,947 Stabilis Solutions, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited)(in thousands, except share and per share data) March 31, 2021 December 31, 2020Assets Current assets: Cash and cash equivalents$3,062 $1,814 Accounts receivable, net6,327 5,620 Inventories, net158 226 Prepaid expenses and other current assets3,336 3,111 Due from related parties2 42 Total current assets12,885 10,813 Property, plant and equipment: Cost90,763 90,422 Less accumulated depreciation(40,560) (38,384)Property, plant and equipment, net50,203 52,038 Right-of-use assets678 786 Goodwill4,453 4,453 Investments in foreign joint ventures12,256 11,897 Other noncurrent assets320 326 Total assets$80,795 $80,313 Liabilities and Stockholders’ Equity Current liabilities: Current portion of long-term notes payable$641 $680 Current portion of long-term notes payable - related parties3,422 3,351 Current portion of finance lease obligation17 — Current portion of finance lease obligation - related parties— 648 Current portion of operating lease obligations306 362 Short-term notes payable190 432 Accrued liabilities5,232 4,361 Accounts payable5,401 4,395 Total current liabilities15,209 14,229 Long-term notes payable, net of current portion667 682 Long-term notes payable, net of current portion - related parties2,093 2,726 Finance lease obligations, net of current portion75 — Long-term portion of operating lease obligations436 490 Deferred compensation44 59 Deferred income taxes106 97 Total liabilities18,630 18,283 Commitments and contingencies Stockholders’ Equity: Preferred Stock; $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively— — Stockholders’ equity: Common stock; $0.001 par value, 37,500,000 shares authorized, 16,896,626 and 16,896,626 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively17 17 Additional paid-in capital91,440 91,278 Accumulated other comprehensive income (loss)(80) 122 Accumulated deficit(29,212) (29,387)Total stockholders’ equity62,165 62,030 Total liabilities and stockholders’ equity$80,795 $80,313 Non-GAAP Measures Our management uses EBITDA and Adjusted EBITDA to assess the performance and operating results of our business. EBITDA is defined as Earnings before Interest (includes interest income and interest expense), Taxes, Depreciation and Amortization. Adjusted EBITDA is defined as EBITDA further adjusted for certain special items that occur during the reporting period, as noted below. We include EBITDA and adjusted EBITDA to provide investors with a supplemental measure of our operating performance. Neither EBITDA nor Adjusted EBITDA is a recognized term under generally accepted accounting principles in the U.S. (“GAAP”). Accordingly, they should not be used as an indicator of, or an alternative to, net income as a measure of operating performance. In addition, EBITDA and Adjusted EBITDA are not intended to be measures of free cash flow available for management’s discretionary use, as they do not consider certain cash requirements, such as debt service requirements. Because the definition of EBITDA and Adjusted EBITDA may vary among companies and industries, it may not be comparable to other similarly titled measures used by other companies. The following table provides a reconciliation of net loss, the most directly comparable GAAP measure, to EBITDA and Adjusted EBITDA (in thousands). Three Months EndedMarch 31, 2021 2020Net income (loss)$175 $(1,050)Depreciation2,225 2,270 Net Interest Expense190 251 Income Tax Expense80 41 EBITDA2,670 1,512 Special Items— — Adjusted EBITDA$2,670 $1,512 Investor Contact:Rich CockrellCG Capital877.889.1972slng@cg.capital Andrew Puhala Chief Financial Officer832-456-6500ir@stabilis-solutions.com

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  • Port of Corpus Christi Authority and Stabilis Solutions Partner to Construct LNG Fueling Infrastructure for Marine Vessels

    HOUSTON, TX, May 04, 2021 (GLOBE NEWSWIRE) -- The Port of Corpus Christi Authority and Stabilis Solutions Inc. (“Stabilis”) (NASDAQ:SLNG), a leading provider of energy transition services, including hydrogen and liquefied natural gas (“LNG”) fueling solutions, have entered into a Memorandum of Understanding (MOU) to facilitate the use of LNG as a marine fuel at the Port of Corpus Christi. LNG-powered vessels are becoming increasingly prominent amongst the world fleet, as LNG fuel benefits port customers in both efficiency and emissions reductions compared to diesel combustion engines. Some of the vessels calling on the Port of Corpus Christi today are already LNG-compatible. With this partnership and the increasing availability of LNG as a marine fuel at the Port of Corpus Christi, the Port and Stabilis hope to attract more LNG-capable vessels and to encourage the conversions to LNG power. The Port of Corpus Christi and Stabilis have committed to providing extensive customer education and technical support as well as attracting capital, including grant funding opportunities designed to incentivize market development and viable customer solutions. “The Port of Corpus Christi Authority sees LNG fueling of marine vessels as an important step toward our broader commitment to decarbonization and improved air quality,” said Sean Strawbridge, Chief Executive Officer of the Port of Corpus Christi. “We have a strong commitment to protecting our air attainment status, so by offering LNG as an alternative to diesel as a marine fuel within our gateway, we are evolving our sustainability protocols by reducing mobile source emissions.” According to the MOU, the Port of Corpus Christi will provide suitable access to dock space for shore-to-ship fueling operations while Stabilis will deploy its existing fleet of mobile cryogenic assets (including LNG transportation and distribution equipment) from its LNG production plant in South Texas to support LNG fueling operations. “We are excited to partner with the Port of Corpus Christi on this opportunity,” said Jim Reddinger, President and CEO of Stabilis Solutions. “The use of LNG as a marine fuel is critical for marine operators to reduce their emissions profile, and Stabilis is uniquely positioned to provide this service to customers along the Gulf Coast and beyond. Meeting the requirements of the energy transition requires innovative solutions, and we are excited to be part of this journey with the Port of Corpus Christi and its partners.” “We applaud the Port of Corpus Christi and Stabilis for joining together on such an important endeavor to further the maritime sector’s efforts to decarbonize and reduce emissions,” said Peter Keller, Chairman of SEA-LNG, a global industry coalition established to demonstrate LNG’s benefits as a marine fuel. “Through innovative thinking and partnerships such as this, SEA-LNG members like the Port of Corpus Christi and Stabilis are helping the industry move into a cleaner and more prosperous future.” About Port Corpus ChristiAs a leader in U.S. Crude Oil export ports and a major economic engine of Texas and the nation, Port Corpus Christi is the largest port in the United States in total revenue tonnage. Strategically located on the western Gulf of Mexico with a 36-mile, soon to be 54-foot (MLLW) deep channel, Port Corpus Christi is a major gateway to international and domestic maritime commerce. The Port has excellent railroad and highway network connectivity via three North American Class-1 railroads and two major interstate highways. With an outstanding staff overseen by its seven-member commission, Port Corpus Christi is “Moving America’s Energy.” www.portofcc.com About StabilisStabilis Solutions, Inc. is a vertically integrated energy transition company that provides clean energy solutions to our customers. Our solutions include small-scale liquefied natural gas (“LNG”) production, distribution and fueling services to multiple end markets in North America. Stabilis also provides hydrogen fueling services to its customers. Stabilis has safely delivered over 250 million gallons of LNG through more than 25,000 truck deliveries during its 16-year operating history in the LNG industry, which we believe makes us one of the largest and most experienced small-scale LNG providers in North America. Stabilis’ customers use LNG and hydrogen as a fuel sources in a variety of applications in the industrial, energy, mining, utilities and pipelines, commercial, and high horsepower transportation markets. Stabilis’ customers use LNG and hydrogen as alternatives to traditional fuel sources, such as distillate fuel oil and propane, to lower fuel costs and reduce harmful environmental emissions. Stabilis’ customers also use LNG as a “virtual pipeline” solution when natural gas pipelines are not available, or volumes are curtailed. To learn more, visit www.stabilis-solutions.com. Cautionary Statement Regarding Forward-Looking StatementsThis press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. Any actual results may differ from expectations, estimates and projections presented or implied and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “can”, “believes,” “expects,” “could,” “will,” “plan,” “may,” “should,” “predicts,” “potential” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect the parties’ current beliefs, based on information currently available. Most of these factors are outside the parties’ control and are difficult to predict. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Factors that may cause such differences include, among other things: the future performance of Stabilis, future demand for and price of LNG, availability and price of natural gas, unexpected costs, and general economic conditions. The foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in our quarterly reports on Form 10‐Q and annual reports on Form 10‐K, which are available on the SEC’s website at www.sec.gov or on the Investors section of our website at www.stabilis-solutions.com. All subsequent written and oral forward-looking statements concerning Stabilis, or other matters attributable to Stabilis, or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.Stabilis does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. CONTACT: Port of Corpus Christi Contact: Lisa Hinojosa Director of Communications Dir. Line: 361.885.6165 lhinojosa@pocca.com Stabilis Solutions Contact: Andrew Puhala Chief Financial Officer Dir. Line: 832-456-6502 ir@stabilis-solutions.com

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  • Stabilis Solutions Commences Trading on Nasdaq

    Houston, TX, April 29, 2021 (GLOBE NEWSWIRE) -- Stabilis Solutions, Inc. ("Stabilis" or the "Company") (NASDAQ:SLNG), a leading provider of energy transition services including hydrogen and liquefied natural gas ("LNG") fueling solutions, is pleased to announce it has commenced trading on The Nasdaq Stock Market LLC (“Nasdaq”), under the Company's existing ticker symbol “SLNG”. Jim Reddinger, Stabilis' President and Chief Executive Officer commented, “We are extremely excited to join Nasdaq. Given our strong growth, we believe this move will further enhance our visibility in the marketplace, expose our Company to a larger audience of institutional investors and ultimately increase liquidity and shareholder value.” There is no change to the Company’s outstanding stock certificates or CUSIP number. About StabilisStabilis Solutions, Inc. is a vertically integrated energy transition company that provides clean energy solutions to our customers. Our solutions include small-scale liquefied natural gas ("LNG") production, distribution and fueling services to multiple end markets in North America. Stabilis also provides hydrogen fueling services to its customers. Stabilis has safely delivered over 250 million gallons of LNG through more than 25,000 truck deliveries during its 16-year operating history in the LNG industry, which we believe makes us one of the largest and most experienced small-scale LNG providers in North America. Stabilis' customers use LNG and hydrogen as a fuel sources in a variety of applications in the industrial, energy, mining, utilities and pipelines, commercial, and high horsepower transportation markets. Stabilis' customers use LNG and hydrogen as alternatives to traditional fuel sources, such as distillate fuel oil and propane, to lower fuel costs and reduce harmful environmental emissions. Stabilis' customers also use LNG as a "virtual pipeline" solution when natural gas pipelines are not available or volumes are curtailed. To learn more, visit www.stabilis-solutions.com. Cautionary Statement Regarding Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. Any actual results may differ from expectations, estimates and projections presented or implied and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "can", "believes," "expects," "could," "will," "plan," "may," "should," "predicts," "potential" and similar expressions are intended to identify such forward-looking statements.Such forward-looking statements relate to future events or future performance, but reflect the parties' current beliefs, based on information currently available. Most of these factors are outside the parties' control and are difficult to predict. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Factors that may cause such differences include, among other things: the future performance of Stabilis, future demand for and price of LNG, availability and price of natural gas, unexpected costs, and general economic conditions.The foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in our quarterly reports on Form 10-Q and annual reports on Form 10-K, which are available on the SEC's website at www.sec.gov or on the Investors section of our website at www.stabilis-solutions.com. All subsequent written and oral forward-looking statements concerning Stabilis, or other matters attributable to Stabilis, or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Stabilis does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. CONTACT: Investor Contact: Rich Cockrell CG Capital 877.889.1972 slng@cg.capital Andrew Puhala Chief Financial Officer 832-456-6500 ir@stabilis-solutions.com

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  • Stabilis Solutions Announces First Quarter Earnings Call

    Houston, TX, April 28, 2021 (GLOBE NEWSWIRE) -- Stabilis Solutions, Inc. (OTCQX:SLNG) ("Stabilis"), a leading provider of energy transition services including hydrogen and liquefied natural gas ("LNG") fueling solutions, is pleased to announce that it will release its first quarter 2021 financial results on Wednesday, May 5, 2021 after the market closes. The Company has scheduled a conference call on Thursday, May 6, 2021 at 10:00 a.m. eastern time (9:00 a.m. central). Dial-in InformationUnited States & Canada: +1 877-545-0320; passcode 225377 International: +1 973-528-0016; passcode 225377 Webcast: Stabilis Solutions 1Q21 Earnings Call Replay InformationUnited States & Canada: +1 877-481-4010; passcode 40949 International:+1 919-882-2331; passcode 40949 A replay of the call will be available until May 13, 2021 on the Stabilis Investor Center (www.stabilis-solutions.com). About Stabilis SolutionsStabilis Solutions, Inc. is a vertically integrated energy transition company that provides clean energy solutions to our customers. Our solutions include small-scale liquefied natural gas ("LNG") production, distribution and fueling services to multiple end markets in North America. Stabilis also provides hydrogen fueling services to its customers. Stabilis has safely delivered over 250 million gallons of LNG through more than 25,000 truck deliveries during its 16-year operating history in the LNG industry, which we believe makes us one of the largest and most experienced small-scale LNG providers in North America. Stabilis' customers use LNG and hydrogen as a fuel sources in a variety of applications in the industrial, energy, mining, utilities and pipelines, commercial, and high horsepower transportation markets. Stabilis' customers use LNG and hydrogen as alternatives to traditional fuel sources, such as distillate fuel oil and propane, to lower fuel costs and reduce harmful environmental emissions. Stabilis' customers also use LNG as a "virtual pipeline" solution when natural gas pipelines are not available or volumes are curtailed. To learn more, visit www.stabilis-solutions.com. CONTACT: Investor Contact: Rich Cockrell CG Capital 877.889.1972 SLNG@cg.capital Company Contact: Andrew Puhala Chief Financial Officer 832-456-6500 ir@stabilis-solutions.com

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  • Stabilis Solutions Announces Approval to List on the Nasdaq Capital Market

    HOUSTON, TX / ACCESSWIRE / April 26, 2021 / Stabilis Solutions, Inc. ("Stabilis" or the "Company") (OTCQX:SLNG), a leading provider of energy transition services including hydrogen and liquefied natural gas ("LNG") fueling solutions, announced today that the Company's common stock has been approved for listing on The Nasdaq Capital Market ("Nasdaq").

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  • Stabilis Solutions Pre-Announces Record Quarterly Revenue and LNG Deliveries

    The Company’s anticipated first quarter 2021 revenue in the range of $17.5 million to $17.8 million is the highest quarterly revenue in company history Houston, TX, April 20, 2021 (GLOBE NEWSWIRE) -- Stabilis Solutions, Inc., (“Stabilis” or the “Company”) (OTCQX: SLNG) a leading provider of energy transition services including hydrogen and liquefied natural gas (“LNG”) fueling solutions, today announced record preliminary first quarter 2021 revenues in the range of $17.5 million to $17.8 million. This revenue range is a 29% to 30% increase compared to $13.7 million in the fourth quarter of 2020 and a 26% to 29% increase compared to $13.8 million in the first quarter of 2020. The first quarter of 2020 was the Company’s previous record revenue quarter. Stabilis delivered 13.4 million gallons of LNG during the quarter, a 29% increase compared to the fourth quarter of 2020 and a 12% increase compared to the first quarter of 2020. “Stabilis is proud to report record revenues for the quarter, beating our prior record quarter, the first quarter of 2020, by well over 25%,” said Jim Reddinger, Stabilis Solutions’ President and Chief Executive Officer. “The energy transition is underway and Stabilis’ position as a premier supplier of clean LNG and hydrogen fueling solutions is driving significant growth. We believe that this trend will continue into the remainder of 2021 and beyond.” The year-over-year revenue increase was largely driven by broad-based growth including growth in power generation projects, continued expansion of the Company’s Mexico operations, and increased activity with aerospace customers. These preliminary results are subject to the completion of the customary quarterly closing and review process and may be subject to change. See Cautionary Statement Regarding Preliminary Estimated Results below. Earnings Release and Conference Call Information Stabilis will issue its first quarter 2021 earnings release on Wednesday, May 5, 2021, after the close of trading. The Company will host a conference call on Thursday, May 6, 2021, at 10:00 a.m. eastern time (9:00 a.m. central). Individuals in the United States and Canada who wish to participate in the conference call can access the live webcast at https://www.webcaster4.com/Webcast/Page/2256/40949 or dial +1 888-545-0320; passcode 225377. International callers should dial +1 973-528-0016; passcode 225377. A replay of the call will be available until May 19, 2021. Individuals in the United States and Canada who wish to listen to the replay should dial +1 877-481-4010; passcode 40949. International callers should dial +1 919-882-2331; passcode 40949. A replay of the call also will be available on the Stabilis website (www.stabilis-solutions.com). About Stabilis Stabilis Solutions, Inc. is a vertically integrated energy transition company that provides clean energy solutions to our customers. Our solutions include small-scale liquefied natural gas (“LNG”) production, distribution and fueling services to multiple end markets in North America. Stabilis also provides hydrogen fueling services to its customers. Stabilis has safely delivered over 250 million gallons of LNG through more than 25,000 truck deliveries during its 16-year operating history in the LNG industry, which we believe makes us one of the largest and most experienced small-scale LNG providers in North America. Stabilis’ customers use LNG and hydrogen as a fuel sources in a variety of applications in the industrial, energy, mining, utilities and pipelines, commercial, and high horsepower transportation markets. Stabilis’ customers use LNG and hydrogen as alternatives to traditional fuel sources, such as distillate fuel oil and propane, to lower fuel costs and reduce harmful environmental emissions. Stabilis’ customers also use LNG as a “virtual pipeline” solution when natural gas pipelines are not available or volumes are curtailed. To learn more, visit www.stabilis-solutions.com. Cautionary Statement Regarding Preliminary Estimated Results The Company has prepared the preliminary financial information set forth above on a materially consistent basis with its historical financial information and in good faith based upon its internal reporting for the three months ended March 31, 2021. This financial information is preliminary and unaudited and is thus subject to change as the Company finalizes its financial results for quarter ended March 31, 2021. The Company is in the process of completing its customary quarterly close and review and there can be no assurance that its final results for this period will not differ from this preliminary financial information. During the course of the preparation of the Company’s consolidated financial statements and related notes as of and for the period, the Company may identify items that could cause its final reported results to be materially different from the preliminary financial information set forth above. This preliminary financial information should not be viewed as a substitute for full financial statements prepared in accordance with GAAP. In addition, this preliminary financial information for the three months ended March 31, 2021 is not necessarily indicative of the results to be achieved for any future period. This preliminary financial information has been prepared by and is the responsibility of management. In addition, the preliminary financial information presented above has not been audited, reviewed, or compiled by the Company’s independent registered public accounting firm. Cautionary Statement Regarding Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended with regard to our anticipated future growth and outlook. Our actual results may differ from expectations, estimates and projections presented or implied herein and, consequently, you should not rely on these forward-looking statements as predictions of future events. Such forward-looking statements relate to future events or future performance, but reflect management’s current beliefs, based on information currently available. Most of these factors are outside management’s control and are difficult to predict. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Factors that may cause such differences include, among other things: the future performance of Stabilis, future demand for and price of LNG, availability and price of natural gas, unexpected costs, and general economic conditions. The foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in in our quarterly reports on Form 10‐Q and annual reports on Form 10‐K, which are available on the SEC’s website at www.sec.gov or in the Investor Center on our website at www.stabilis-solutions.com. All subsequent written and oral forward-looking statements concerning Stabilis, or other matters attributable to Stabilis, or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Stabilis does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. # # # # # CONTACT: Investor Contact: Rich Cockrell CG Capital 877.889.1972 SLNG@cg.capital Andrew Puhala: Chief Financial Officer 832-456-6500 ir@stabilis-solutions.com

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  • Stabilis Solutions Secures $10 Million Credit Facility

    HOUSTON, TX / ACCESSWIRE / April 13, 2021/ Stabilis Solutions, Inc. ("Stabilis" or the "Company") (OTCQX:SLNG), a leading provider of energy transition services including hydrogen and liquified natural gas ("LNG") fueling solutions, today announced that it has secured a $10 million credit facility that will be used to support the Company's working capital requirements.

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  • Stabilis Solutions, Inc. to Present at the Q1 Virtual Investor Summit

    HOUSTON, March 22, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Stabilis Solutions, Inc. (OTCQX: SLNG), a leading provider of distributed liquified natural gas “LNG” and hydrogen fuels, today announced that Jim Reddinger, President and Chief Executive Officer, and Andy Puhala, Senior Vice President and Chief Financial Officer, will be attending the Q1 Virtual Investor Summit. EventQ1 Investor SummitDateMarch 23-25, 2021PresentationMarch 23 @ 10:00AM ESTLocationhttps://zoom.us/webinar/register/WN_AZ4MtIglRuyK-1krUBhoAg Following the event, a replay of the presentation will also be available in the investor center on the Stabilis website (www.stabilis-solutions.com). About The Investor SummitThe Investor Summit (formerly MicroCap Conference) is an exclusive, independent conference dedicated to connecting smallcap and microcap companies with qualified investors. The Q1 Investor Summit will take place virtually, featuring 100 companies and over 300 institutional and retail investors. To request complimentary investor registration: please visit our website at www.investorsummitgroup.com. Contact: Brittney Blocker at brittney@investorsummitgroup.com About Stabilis Solutions, Inc.Stabilis Solutions, Inc. is a vertically integrated energy transition company that provides clean energy solutions to our customers. Our solutions include small-scale liquefied natural gas (“LNG”) production, distribution and fueling services to multiple end markets in North America. Stabilis also provides hydrogen fueling services to its customers. Stabilis has safely delivered over 250 million gallons of LNG through more than 25,000 truck deliveries during its 16-year operating history in the LNG industry, which we believe makes us one of the largest and most experienced small-scale LNG providers in North America. Stabilis’ customers use LNG and hydrogen as fuel sources in a variety of applications in the industrial, energy, mining, utilities and pipelines, commercial, and high horsepower transportation markets. Stabilis’ customers use LNG and hydrogen as alternatives to traditional fuel sources, such as distillate fuel oil and propane, to lower fuel costs and reduce harmful environmental emissions. Stabilis’ customers also use LNG as a “virtual pipeline” solution when natural gas pipelines are not available or volumes are curtailed. To learn more, visit www.stabilis-solutions.com. Investor Contact:Rich CockrellCG Capital877.889.1972investorrelations@cg.capital Andrew PuhalaChief Financial Officer832-456-6500ir@stabilis-solutions.com Wire Service ContactInvestorWire (IW) Los Angeles, Californiawww.InvestorWire.com212.418.1217 OfficeEditor@InvestorWire.com

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  • Stabilis Solutions Secures Long-Term Sales Contracts for up to 40% of its LNG Production Plant Capacity

    Stabilis projects that LNG plant utilization will approach 100% in 2021 and beyondHOUSTON, TX / ACCESSWIRE / March 17, 2021 / Stabilis Solutions, Inc. ("Stabilis" or the "Company") (OTCQX:SLNG), a leading provider of distributed liquified natural gas ("LNG") and hydrogen fuels, today announced that it has signed three long-term LNG sales contracts that in aggregate represent up to 40% of the capacity at its Texas LNG production plant.

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  • Stabilis Solutions Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 11, 2021 / Stabilis Solutions Inc. (OTCQX:SLNG) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 11, 2021 at 10:00 AM Eastern Time.

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  • Stabilis Solutions Announces Record Fourth Quarter 2020 Results

    Growth returns with record fourth quarter revenue of $13. third quarter 2020HOUSTON, TX / ACCESSWIRE / March 10, 2021 / Stabilis Solutions, Inc.

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  • Stabilis Solutions Announces Fourth Quarter and Full Year 2020 Earnings Call

    HOUSTON, TX / ACCESSWIRE / March 8, 2021 / Stabilis Solutions, Inc. (OTCQX:SLNG) ("Stabilis"), a leading provider of distributed natural gas ("LNG") and hydrogen fuels, is pleased to announce that it will release fourth quarter and full year 2020 financial results on Wednesday, March 10, 2021 after the market closes.

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  • Stabilis Solutions Provides Emergency Energy Supply to Gulf Coast During Recent Winter Storms

    Stabilis is a leading North American provider of clean, reliable liquified natural gas to support pipeline and utility customers during extreme weather eventsHOUSTON, TX / ACCESSWIRE / February 24, 2021 / Stabilis Solutions, Inc. ("Stabilis" or the "Company") (OTCQX:SLNG), a leading provider of distributed liquified natural gas ("LNG") and hydrogen to pipelines and utilities, is currently providing LNG fuel and equipment to 10 locations in multiple states to support heating and power generation for over 100,000 households, including several Gulf Coast locations negatively impacted by the recent winter storms and the associated gas pipeline and utility outages.

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  • Stabilis Solutions Pre-Announces Record Fourth Quarter 2020 Revenue

    The Company's anticipated fourth quarter 2020 revenue in the range of $13.8 million is the second highest quarterly revenue in company historyHOUSTON, TX / ACCESSWIRE / February 16, 2021 / Stabilis Solutions, Inc.

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  • Stabilis Solutions Expands Sales Team

    LNG Industry Veteran Andy Pujats Joins Stabilis as Vice President of Sales and MarketingHOUSTON, TX / ACCESSWIRE / January 12, 2021 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (OTCQX:SLNG) a leading provider of clean energy transition solutions, today announced that Andy Pujats has joined Stabilis Solutions as Vice President-Sales and Marketing.

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  • Stabilis Energy Inc - Registered Shares to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / November 12, 2020 / Stabilis Energy Inc - Registered Shares (OTCQX:SLNG) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 12, 2020 at 10:00 AM Eastern Time.

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  • Stabilis Solutions Announces Third Quarter 2020 Results

    Revenues Jump 80% from Second Quarter 2020HOUSTON, TX / ACCESSWIRE / November 11, 2020 / Stabilis Solutions, Inc.

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  • Stabilis Solutions Announces Third Quarter 2020 Earnings Call

    HOUSTON, TX / ACCESSWIRE / November 9, 2020 / Stabilis Solutions, Inc.

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  • Stabilis Energy Announces Name Change to Stabilis Solutions

    HOUSTON, TX / ACCESSWIRE / October 26, 2020 / Stabilis Energy, Inc.

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  • STABILIS ENERGY ANNOUNCES SECOND QUARTER 2020 RESULTS Company Sees U.S. Activity Recovering and Mexico Acceleration Beginning in Q3

    HOUSTON, TX / ACCESSWIRE / August 5, 2020 / Stabilis Energy, Inc.

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