What is the revenue and EPS growth rate for Stabilis Solutions year over year?

What factors drove the changes in Stabilis Solutions's revenue and profit?

What is the market's earnings forecast for Stabilis Solutions next quarter?

What does Stabilis Solutions do and what are its main business segments?

What is Stabilis Solutions's gross profit margin?

What is Stabilis Solutions's latest dividend and current dividend yield?

What were the key takeaways from Stabilis Solutions’s earnings call?

What guidance did Stabilis Solutions's management provide for the next earnings period?

- **$200M Data Center Contract**: Largest in company history, starting Q1 2027, with customer credit enhancements and third-party LNG supply.
- **Galveston Liquefaction Progress**: 56% offtake commitments, SPV financing structure, engineering underway, FID targeted Q1 2026.
- **2026 Growth Drivers**: 
  - Aerospace revenue >40% YoY growth
  - $10.2M liquidity to support transition year
- **Risk Management**: 
  - Customer prepayments fund data center capital spend
  - 28% Q4 revenue decline temporary due to contract winddowns
- **Strategic Positioning**: 
  - Leading distributed LNG solutions provider with largest cryogenic fleet
  - 3 pricing tiers for data center power generation (commissioning/bridge/permanent backup)

**【CEO Summary Section】**
- **Contract Winddown Impact**: Q4 2025 revenue declined 28% YoY due to termination of two major contracts (Carnival marine bunkering and Louisiana power generation). Remaining engagement with clients underscores platform strength.
- **2026 Growth Outlook**: 
  - $200M 2-year data center contract (Q1 2027 start) will be largest single contract in company history.
  - Aerospace revenue expected to grow >30% YoY, driven by commercial launch activity.
  - Galveston liquefaction project FID targeted for Q1 2026, with 56% offtake commitments secured.
- **Project Execution**: 
  - $1-2M Q1 2026 capital spend on Galveston engineering/design.
  - Data center contract funded by customer prepayments.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: 
  - Revenue: $13.1M (down 23% YoY)
  - Adjusted EBITDA: $1.5M (down 63% YoY)
  - Cash from ops: $670K
  - Liquidity: $10.2M (cash $7.5M + credit facility $2.7M)
- **Key Drivers**: 
  - Marine bunkering revenue down 42% YoY
  - Power generation revenue down 56% YoY
  - Aerospace revenue up 17% YoY
- **CapEx**: 
  - $3.1M Q4 on Galveston project
  - $1-2M Q1 2026 for Galveston and routine maintenance

**【Q&A Highlights】**
- **Data Center Contract**: 
  - 3 pricing tiers (commissioning: least price-sensitive; permanent backup: most price-sensitive)
  - Customer credit enhancements mitigate risk
  - LNG sourced from third-party suppliers
- **Galveston Project**: 
  - 56% offtake commitments secured
  - SPV structure with project-level debt/equity
  - Engineering/design underway
- **Carnival Contract**: 
  - Terminated due to unavailability of Jones Act bunkering vessel
  - Client may use MGO or reroute to Bahamas
- **Aerospace Growth**: 
  - >40% YoY revenue growth expected
  - Potential for purpose-built liquefaction facilities
- **China JV**: 
  - $1M+ annual dividend
  - Monetization timing dependent on joint venture agreement terms

Stabilis Solutions, Inc. (SLNG) Q4 2025 Earnings Call Transcript

- **Revenue Record**: 15% year-over-year growth driven by aerospace (88% increase), marine (32%), and power generation (31%).
- **Galveston Project Milestone**: 75% offtake secured for 350,000 gallon/day facility, with 40% contracted to a marine customer and 20% in late-stage talks with a cruise operator.
- **Financial Strength**: $2.9 million Adjusted EBITDA, $15.5 million liquidity, and no debt concerns.
- **Strategic Expansion**: Jones Act-compliant bunkering vessel planned for Galveston, with potential replication in other markets.
- **Customer Diversification**: 73% of revenue from high-growth markets, up from 60% last year.

**【CEO Summary Section】**
- **Record Q3 Volume Growth**: 20% year-over-year increase driven by aerospace, marine, and power generation customers. Key demand drivers include commercial space flight activity, distributed power needs, and cruise activity.
- **Largest Contract in Company History**: Secured a 10-year marine bunkering contract for LNG produced at the proposed 350,000 gallon/day Galveston facility. Expected to break ground Q1 2026, with in-service target late 2027.
- **Project Progress**: 75% of Galveston facility capacity expected to be sold under long-term contracts by Q1 2026 final investment decision. Engaged in late-stage negotiations for an additional 20% of capacity with a cruise customer.
- **Strategic Expansion**: Planning a Jones Act-compliant bunkering vessel to serve Galveston, Houston Ship Channel, and surrounding areas. Exploring replication of this model in other markets.
- **Customer Diversification**: 73% of revenue from high-growth markets (aerospace, marine, power generation) vs. 60% in prior year. Aerospace revenue up 88%, marine up 32%, power generation up 31%.

**【CFO Financial Commentary】**
- **Revenue Growth**: $2.9 million Adjusted EBITDA (14.3% margin) vs. $2.6 million last year. Revenue up 15% YoY, driven by 21% increase in LNG gallons sold and higher commodity prices.
- **Liquidity**: $15.5 million cash and credit availability, $9.5 million total debt, and net positive cash position. Capital expenditures of $3.9 million for Galveston project engineering and design.
- **Balance Sheet Strength**: Strong liquidity to support ongoing operations and project development. Project-level financing expected for final investment decision.

**【Q&A Key Highlights】**
- **Permitting Update**: Texas Railroad Commission and Coast Guard permits in process. No timeline delays anticipated.
- **Customer Commitments**: 40% offtake secured with initial customer, 20% in late-stage negotiations with a cruise operator. Remaining 15% to be finalized by Q1 2026.
- **Third-Party Gas Usage**: High utilization of company-owned facilities, with third-party supply used to meet demand variability.
- **Stock Structure**: No immediate plans for secondary offering, but open to optimizing capital structure post-Galveston FID.
- **Power Generation Growth**: Data center demand for distributed power solutions driving increased LNG usage.


Stabilis Solutions, Inc. (SLNG) Q3 2025 Earnings Call Transcript

- **Revenue Growth in Key Sectors**: Marine, aerospace, and power generation revenue up 15% YoY (aerospace +83%).
- **Liquidity Strength**: $16.1 million liquidity, no net debt, and strong cash generation ($4.5M from operations).
- **Strategic Expansion**: Gulf Coast liquefaction project in development, with marine contracts progressing for FID.
- **Operational Excellence**: 77% of revenue from high-growth end markets, demonstrating strategic focus shift.

**【Management Opening Remarks】**
- CFO Andy Puhala provided standard disclaimers regarding forward-looking statements and non-GAAP financial measures.
- Highlighted the availability of Q2 2025 financial results in the press release and SEC filings.

**【CEO Commentary】**
- **Revenue Performance**: Q2 revenue decreased 7% YoY due to the completion of a large industrial project, but marine, aerospace, and power generation sectors combined grew 15% YoY (aerospace up 83%).
- **Key Sectors**: 
  - **Marine**: Strong performance on Carnival Cruise Lines contract; progressing LNG offtake agreements for Gulf Coast liquefaction capacity.
  - **Aerospace**: Aerospace revenue more than doubled in first half of 2025 vs 2024, with continued growth expected.
  - **Power Generation**: Increased interest in LNG as a backup fuel for data centers, with active customer engagement.
- **Strategic Focus**: Building long-term customer commitments to support capacity expansion and project financing.

**【CFO Financial Commentary】**
- **Revenue**: $17.4 million (down 7% YoY), with 77% of revenue from growth sectors (vs 62% in Q2 2024).
- **Profitability**: Adjusted EBITDA of $1.5 million (down 29% YoY) due to contract roll-off and a $0.2 million nonrecurring charge.
- **Liquidity**: Record $16.1 million (cash $12.2 million + $4 million credit facility), with no net debt.
- **Capital Expenditures**: $0.6 million in Q2, with acceleration expected as new contracts are secured.

**【Q&A Highlights】**
- **Contract Progress**: Multiple multiyear offtake agreements in all three growth sectors, with aerospace and marine contracts nearing finalization.
- **Gulf Coast Liquefaction**: Engineering and pre-feed work underway; FID contingent on securing long-term marine contracts.
- **LNG Sourcing**: Utilizes both internal liquefaction and third-party suppliers, with 30+ supplier relationships.
- **Customer Mix**: Marine contracts primarily with cruise lines, but exploring opportunities with other shipping segments.
- **Investor Engagement**: Management emphasizes long-term growth story and operational execution to attract capital.

Stabilis Solutions (SLNG)-7 Aug 25-2025 Q2 Earnings call transcript

- **Revenue Mixed**: 12% YoY decline overall, but 13% growth in marine/aerospace; aerospace revenue surged 147%.
- **Profit Pressures**: $1.6M GAAP loss vs. prior year profit, driven by one-time costs and lower-margin contract completion.
- **Growth Investments**: $0.5M spent on feasibility studies for South Texas expansion; targeting Q3 2025 for new liquefaction contracts.
- **Key Markets**: Marine bunkering (1 week downtime impact), distributed power (half dozen pipeline projects), and space industry (rising rocket launches).
- **Financial Strength**: $12.5M liquidity, no net debt, and 50% cash conversion rate.

**【CEO Business Overview】**
- Q1 2025 revenue decreased 12% YoY due to planned downtime with a marine customer and the expiration of a large industrial contract, but marine and aerospace revenue grew 13% YoY driven by a major aerospace customer.
- Key growth markets include marine bunkering (147% aerospace revenue growth), distributed power (half dozen pipeline projects), and space industry (rising demand for LNG as rocket propellant).
- Investing in commercial, technical, and operations teams to support future growth; evaluating potential liquefaction capacity expansion in South Texas.

**【CFO Financial Highlights】**
- Q1 2025 GAAP net loss: $1.6M ($0.09/diluted share) vs. $1.5M profit in Q1 2024, driven by $2.1M non-recurring executive transition costs.
- Adjusted EBITDA: $2.1M (11.9% margin) vs. $3.1M (15.7% margin) in Q1 2024, down due to lower equipment/labor revenues from completed contracts.
- Operating cash flow: $1M (50% of EBITDA), with $12.5M liquidity and no net debt.
- CapEx: $0.5M (70% for Gulf Coast expansion feasibility studies).

**【Q&A Key Takeaways】**
1. **Liquefaction Train Deployment**: Targeting Q3 2025 for commercial contracts to support new liquefaction capacity; currently in active discussions with multiple customers.
2. **Power Generation Demand**: Serving distributed power needs across digital mining, oil & gas microgrids, and behind-the-meter solutions; projects range from 6 months to 5 years.
3. **Space Industry Growth**: Increasing aerospace activity and rocket launches driving demand for LNG as rocket propellant; company operates two facilities supporting engine testing and launches.
4. **Marine Bunkering Trends**: Cruise industry maintenance downtime expected once/year; tracking new LNG-powered vessel deliveries as demand indicator.
5. **Financial Flexibility**: Strong balance sheet ($9M cash, $3.5M credit availability) to fund growth investments while maintaining no net debt.

Stabilis Solutions (SLNG)-8 May 25-2025 Q1 Earnings call transcript

- **Revenue Growth**: Q4 2024 revenue decline offset by 35% aerospace and 500%+ marine bunkering growth; full year gallons delivered up 8M YoY.
- **Profitability**: Full year Adjusted EBITDA up 73% to $11.8M; Q4 margin hits 23.2%.
- **Capital Allocation**: $7M 2024 CapEx for Gulf Coast expansion; $20-25M needed for LNG train completion.
- **Strategic Focus**: Marine bunkering (cruise ships, container vessels), aerospace, and distributed power solutions.
- **Liquidity**: $9M cash, 0.03x net debt/EBITDA; strong cash conversion (100%+ of EBITDA).


**【CEO Strategic Overview】**
- Emphasized Stabilis as a leading last-mile LNG solutions provider, with 2024 focus on operational efficiency and disciplined capital allocation.
- Highlighted growth in high-potential markets: marine, aerospace, and distributed power solutions.
- 2024 CapEx of $9.2M, with $7M allocated to Gulf Coast infrastructure expansion (e.g., LNG train relocation, storage capacity upgrades).
- Transitioning to CEO role post-Westy's departure, reaffirming team strength and long-term strategy.

**【CFO Financial Highlights】**
- Q4 2024 Revenue: $18.9M (down 4% YoY), driven by 35% aerospace growth and 500%+ marine bunkering expansion.
- Full Year 2024 Adjusted EBITDA: $11.8M (up 73% YoY), with Q4 margin reaching 23.2% (vs. 16% YoY).
- Cash generation: $13.7M (100%+ EBITDA conversion), supporting $9M cash balance and 0.03x net debt/EBITDA.
- 2024 Gallons Delivered: +8M YoY, offset by lower natural gas prices.

**【Q&A Key Takeaways】**
1. **LNG Train Deployment**: 
   - $20-25M required to complete Gulf Coast train installation; 9-12 months timeline if onshore, longer for marine applications.
   - Potential $10-15M annual gross margin from Gulf Coast deployment.
2. **Marine Bunkering Growth**: 
   - Cruise ships (e.g., Carnival) leading adoption in Florida; expanding to container ships and Gulf Coast.
   - Focus on U.S. LNG price arbitrage to secure consistent supply chains.
3. **Data Center (Distributed Power) Strategy**: 
   - Viewed as part of broader distributed power solutions; no current data center contracts but active commercial efforts.
   - Emphasis on long-term value creation over short-term market trends.
4. **Cost Management**: 
   - G&A down YoY due to bonus accrual adjustments; stable run rate expected.
   - 2025+ CapEx: ~$1.5-2M maintenance + large-scale projects tied to FID decisions.

**【Risk & Opportunity】**
- **Opportunity**: Marine and aerospace market expansion, Gulf Coast infrastructure buildout, LNG price arbitrage.
- **Risk**: Commodity price volatility (natural gas), delayed FID decisions, execution risk on new projects.


Actual					0.01	-0.06	-0.26	-0.13	-0.02	-0.12	-0.01	-0.02	0.06	-0.12	-0.01	0.08	0.08	0	0.05	0.12	-0.09	-0.03	0.06	-0.01
Forecast					-0.02	-0.04	-0.06	-0.06	-0.1	-0.06	-0.03	0	-0.01	-0.01	-0.02	-0.08		0.01	0.02	0.025	0.0165	0.0123	0.0116	-0.0371
Surprise	0.00%	0.00%	0.00%	0.00%	+150.00%	-50.00%	-333.33%	-116.67%	+80.00%	-100.00%	+66.67%	0.00%	+700.00%	-1100.00%	+50.00%	+200.00%	0.00%	-100.00%	+150.00%	+380.00%	-645.45%	-343.90%	+417.24%	+73.05%

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