Stabilis Solutions Stock Earnings Reports

Stabilis reported solid operational progress in Q3 2025 with revenue up 15% year-over-year driven by a 21% increase in LNG gallons sold. Key end markets— aerospace, marine and power generation—showed strong growth (aerospace +88%, power +31%, marine +32%) and now account for ~73% of revenue. Adjusted EBITDA was $2.9 million (14.3% margin) and cash from operations was $2.4 million. Balance sheet strength: $15.5 million of liquidity at quarter end (cash $10.3M plus ~$5.2M available on credit) and total debt/lease obligations of $9.5M, leaving a net positive cash position. The company announced a transformational project — a proposed 350,000 gallon per day LNG facility in Galveston, TX — anchored by a 10-year marine bunkering contract (the largest in company history). Management expects to reach a final investment decision (FID) in early 2026, break ground in Q1 2026 (if financing finalized), and target commissioning in late 2027. They plan to build a Jones Act-compliant bunkering vessel and pursue a joint‑venture / project-level debt and equity financing that keeps Stabilis in operational control. Management expects ~75% of capacity to be contracted by FID and is in late-stage negotiations for additional offtake. Near-term incremental CapEx on the project is expected to be $3–5 million before FID, with larger funding sourced at the project level post-FID. Operational focus remains on expanding commercial contracts across target verticals, securing permits and long-lead equipment, and disciplined capital deployment. Key near-term risks and milestones for investors: finalization of project financing, receipt of required permits (e.g., Texas Railroad Commission, Coast Guard for bunkering), execution of the remaining offtake agreements, and timing of the FID.