Stabilis Solutions, Inc. ( (SLNG) ) has released its Q3 earnings. Here is a breakdown of the information Stabilis Solutions, Inc. presented to its investors.
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Stabilis Solutions, Inc. is a prominent provider of clean fueling, production, storage, and last-mile delivery solutions for leading global brands, operating primarily in the energy sector with a focus on liquefied natural gas (LNG) services. In the third quarter of 2024, Stabilis Solutions reported strong financial results, driven by increased customer demand and improved plant utilization. Key highlights include a 22% increase in LNG sales volumes and a notable improvement in net income by $1.2 million compared to the previous year. The company also reported an adjusted EBITDA of $2.6 million, signifying a $2 million increase over the prior year, alongside a substantial 73% rise in cash flow from operations. The company’s strategic focus on long-term contracts in emerging markets has enhanced its revenue mix, with 68% of third-quarter revenues derived from contracted agreements. This strategic shift has bolstered Stabilis’ competitive position, particularly in high-growth marine and aerospace sectors, which now account for 40% of total revenue. Looking ahead, Stabilis Solutions plans to expand its LNG fueling solutions and marine bunkering operations on the Texas Gulf Coast, positioning itself to capitalize on growing demand across diverse markets. The company remains committed to leveraging its capabilities to support commercial and industrial growth opportunities, aiming to enhance operating leverage and cash flow.
