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SLNG

Stabilis Solutions, Inc.

SLNG

Stabilis Solutions, Inc. • NASDAQ
$4.68 ▲ 1.41% (+0.07)
Market Cap $87.12 M
52w High $8.28
52w Low $3.29
Dividend Yield 0%
P/E 78.08
Volume 881
Outstanding Shares 18.60M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $20.325M ▲ $4.531M ▲ $1.119M ▲ 5.506% ▲ $0 ▲ $2.962M ▲
Q2-2025 $17.309M ▼ $3.191M ▼ $-613K ▲ -3.542% ▲ $-0.033 ▲ $1.454M ▲
Q1-2025 $17.338M ▲ $4.746M ▲ $-1.598M ▼ -9.217% ▼ $-0.086 ▼ $-383K ▼
Q4-2024 $17.298M ▼ $1.492M ▼ $2.106M ▲ 12.175% ▲ $0.11 ▲ $4.009M ▲
Q3-2024 $17.627M $4.722M $997K 5.656% $0.05 $2.65M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $10.305M ▼ $87.138M ▲ $20.443M ▲ $66.695M ▲
Q2-2025 $12.22M ▲ $83.244M ▲ $17.762M ▲ $65.482M ▼
Q1-2025 $9.003M ▲ $83.06M ▼ $17.149M ▼ $65.911M ▼
Q4-2024 $8.987M ▼ $85.584M ▼ $18.576M ▼ $67.008M ▲
Q3-2024 $12.393M $89.35M $23.995M $65.355M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.119M ▲ $2.394M ▼ $-3.877M ▼ $-433K ▲ $-1.915M ▼ $-1.483M ▼
Q2-2025 $-613K ▲ $4.515M ▲ $-635K ▼ $-680K ▲ $3.217M ▲ $3.88M ▲
Q1-2025 $-1.598M ▼ $1.025M ▼ $-276K ▲ $-730K ▼ $16K ▲ $1.025M ▲
Q4-2024 $2.106M ▲ $2.171M ▼ $-4.94M ▼ $-625K ▼ $-3.406M ▼ $-3.414M ▼
Q3-2024 $997K $2.555M $-1.21M $-405K $910K $1.243M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Natural Gas Gathering Transportation Marketing and Processing
Natural Gas Gathering Transportation Marketing and Processing
 $30.00M ▲$10.00M ▼$10.00M ▲$20.00M ▲
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Rental
Rental
 $0 ▲$0 ▲$0 ▲$0 ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully over the last several years and then settled into a relatively stable range more recently. The company has moved from consistent losses to hovering around break-even, with a clear improvement in profitability versus the pandemic period. Margins are still thin, which means results can swing quickly with changes in volume or pricing, but the direction of travel has been positive. Overall, the income statement tells a story of a small but maturing business that has largely worked through its heavy-loss phase and is now trying to scale on a more stable footing.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative. Total assets have edged up over time, funded mainly by equity rather than by piling on debt. Debt levels appear modest and steady, while shareholder equity has been stable to slightly higher, suggesting the company has not over-levered itself to grow. Cash on hand is not large but is now consistently present, unlike earlier years when liquidity looked tighter. In plain terms, the company seems to carry a manageable financial load, with no obvious signs of balance sheet stress, but also without a big cash cushion.

Cash Flow

Cash Flow Cash generation has improved, with operating cash flow now consistently positive rather than flat or negative as in earlier years. Capital spending has been kept in check, so free cash flow tends to hover around breakeven to slightly positive. This indicates the business is largely funding itself from its own operations, rather than relying heavily on outside capital, but it does not yet throw off large surplus cash. The main risk is that any downturn or delay in projects could quickly squeeze cash, given the relatively small scale of the cash flows involved.

Competitive Edge

Competitive Edge Stabilis operates in a focused niche: small-scale liquefied natural gas solutions, mainly for customers that lack access to traditional pipelines or need cleaner alternatives to diesel. Its main strengths are its vertically integrated model—covering production, logistics, equipment, and on-site services—and its established network across North America and into Mexico. The company’s turnkey offering can make it harder for smaller or more specialized competitors to match the full package. Its work in high-purity LNG for aerospace and marine bunkering adds exposure to faster-growing, higher-value segments. On the flip side, the niche nature of the business, dependence on a limited number of large projects or contracts, and exposure to energy and regulatory cycles all create competitive and execution risk.

Innovation and R&D

Innovation and R&D Innovation at Stabilis is mostly about applied engineering and infrastructure rather than traditional lab-style R&D. The company has developed several generations of mobile LNG storage and vaporization equipment, enabling its “virtual pipeline” model. Planned investments in a new LNG facility on the Gulf Coast and a dedicated bunkering vessel show a push to extend its capabilities in marine fuel, while its move into high-purity LNG for rockets and early positioning in hydrogen reflect a focus on emerging energy-transition opportunities. The opportunity is that these innovations can deepen its moat and open new markets; the risk is that these projects are capital-intensive for a company of this size, and delays or underutilization could strain financial resources.

Summary

Stabilis Solutions appears to be a niche energy-transition player that has gradually improved its financial profile. The income statement shows a move from losses toward break-even and modest profitability, while the balance sheet and cash flows suggest a cautious use of debt and an ability to largely fund operations from internal cash, albeit on a small base. Competitively, the company benefits from vertical integration, an established logistics and service network, and exposure to specialized, higher-growth end markets like aerospace and marine bunkering. Its strategy relies heavily on continued innovation in mobile LNG solutions and on successful execution of new infrastructure projects. Overall, this looks like a small, focused business with improving fundamentals, meaningful growth ambitions, and corresponding execution and scale risks that could materially affect future outcomes in either direction.

NEWS

November 5, 2025 · 5:00 PM UTC

Stabilis Solutions Announces Third Quarter 2025 Results

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October 23, 2025 · 8:30 AM UTC

Stabilis Solutions Announces Third Quarter 2025 Conference Call and Webcast Date

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October 9, 2025 · 8:00 AM UTC

Stabilis Solutions Announces Award of Long-Term Marine Bunkering Agreement To Anchor Its Gulf Coast Expansion

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