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Stabilis Solutions (SLNG) investor relations material

Stabilis Solutions Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary6 Nov, 2025

Executive summary

  • Q3 2025 revenue grew 15.3% year-over-year to $20.3 million, driven by strong demand in marine, aerospace, and power generation markets.

  • Net income for Q3 2025 was $1.1 million ($0.06 per share), up from $1.0 million in Q3 2024, but the nine-month period ended September 30, 2025, showed a net loss of $1.1 million due to higher costs and lower joint venture income.

  • Secured the largest customer contract in company history: a 10-year marine bunkering agreement for LNG from the planned Galveston facility, contingent on project financing by Q1 2026 and construction completion by Q2 2028.

  • Progressed on project development for the Galveston LNG facility, with groundbreaking targeted for Q1 2026 and operations expected in late 2027.

Financial highlights

  • Q3 2025 revenue: $20.3 million, up 15.3% year-over-year; net income: $1.1 million; adjusted EBITDA: $2.9 million, up from $2.6 million; adjusted EBITDA margin: 14.3%.

  • Cash from operations was $2.4 million; quarter-end liquidity was $15.5 million, including $10.3 million in cash.

  • Total debt and lease obligations stood at $9.5 million; debt-to-equity ratio at 0.14; $7.5 million outstanding on AmeriState term loan.

  • Capital expenditures reached $3.9 million in Q3 and $5.0 million year-to-date, mainly for Galveston project engineering and design.

  • Q3 2025 gross margin: 27.6% ($5.6 million); operating margin: 3.9%.

Outlook and guidance

  • Final investment decision for the Galveston LNG project expected in early 2026, with construction to follow and operations targeted for late 2027.

  • Expect to have 75% of Galveston facility's capacity sold under long-term contracts by FID; project funding to be met through project-level debt and equity, with a joint venture structure planned.

  • Management expects sufficient liquidity for the next twelve months but future expansion depends on securing additional financing.

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Frequently asked questions

Stabilis Solutions Inc. is an energy company that provides small-scale liquefied natural gas (LNG) production, distribution, and fueling services. The company focuses on offering LNG solutions for industries that require clean, reliable energy, such as oil and gas, mining, transportation, and power generation. Stabilis Solutions operates LNG production facilities and delivers LNG directly to customers, helping them reduce emissions and improve operational efficiency by transitioning to cleaner energy sources. The company also offers related services, including cryogenic equipment rental and technical support. The company is headquartered in Houston, Texas, and its shares are listed on the NASDAQ.

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