Stabilis Solutions, Inc.

Listed Company

SLNGCIK 0001043186NasdaqNon-AcceleratedSmaller ReportingNatural Gas DistributionFloridaFY ends Dec 31

Period

FY 2025

Revenue

$68.25M

Net Income

$-1.35M

Total Assets

$83.11M

Equity

$66.67M

Shares Out

18.60M

Op. Cash Flow

$8.60M

Business

Stabilis Solutions, Inc. is an energy transition company that provides turnkey clean energy production, storage, transportation and fueling solutions using liquefied natural gas (LNG). It offers LNG production and sales, transportation and logistics, cryogenic equipment rental, and engineering and field support services. Key business components include owned liquefiers and third‑party sourcing, a mobile fleet of cryogenic trailers and storage/vaporization assets, and a 40% equity investment in BOMAY for power and control systems in China. The company serves diverse end markets across North America and exports LNG by truck and vessel to Canada, Mexico and Europe.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	68	73	73	99	69
Cost of revenues	50	52	55	78	55
Change in unrealized gain on natural gas derivatives	−24,000	−310,000	−541,000	878,000	—
Selling, general and administrative expenses	13	12	13	13	14
Loss (gain) from disposal of fixed assets	24,000	−761,000	−1	−34,000	—
Depreciation expense	7	7	8	9	9
Total operating expenses	71	70	74	100	78
Income (loss) from operations before equity income	−3	3	−812,000	−2	−9
Income from equity investment in foreign joint venture	1	2	2	2	2
Foreign joint venture operating related expenses	−211,000	−206,000	−206,000	−283,000	—
Net equity income from foreign joint venture operations	1	2	2	2	—
Income (loss) from operations	−1	5	879,000	28,000	−7
Other income (expense), net	−66,000	22,000	−176,000	−185,000	1
Total other income (expense)	−24,000	134,000	−510,000	−955,000	157,000
Net income (loss) before income tax expense	−1	5	369,000	−927,000	−7
Income tax expense	54,000	485,000	244,000	265,000	487,000
Net income (loss)	−1	5	125,000	−3	−8
Basic and diluted per common share (in dollars per share)	−0.07	0.25	0.01	−0.17	−0.45

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	7	9	5	11	910,000
Accounts Receivable	3	6	8	16	9
Inventories, net	342,000	345,000	169,000	205,000	258,000
Prepaid expenses and other current assets	2	2	2	2	2
Total current assets	13	17	15	32	16
Cost	126	117	111	103	—
Less accumulated depreciation	−73	−66	−61	−56	—
Property, plant and equipment, net	53	52	49	48	—
Goodwill	4	4	4	4	4
Investments in foreign joint ventures	12	12	12	12	12
Right of Use Assets and Other Assets, Noncurrent	996,000	410,000	525,000	774,000	—
Total assets	83	86	81	97	87
Accounts payable	5	6	6	4	5
Accrued liabilities	3	4	4	20	6
Finance Lease and Operating Lease, Liability, Current	417,000	384,000	164,000	133,000	—
Total current liabilities	10	12	12	28	16
Long-term notes payable, net of current portion and debt issuance costs	6	7	8	—	—
Long-term portion of operating lease obligations	726,000	101,000	21,000	—	329,000
Total liabilities	16	19	19	37	26
Commitments and contingencies (Note 12)	—	—	—	—	—
Preferred stock; $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and December 31, 2024	0	0	0	0	0
Common stock; $0.001 par value, 37,500,000 shares authorized, 18,596,301 and 18,585,014 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	19,000	19,000	19,000	19,000	18,000
Additional paid-in capital	104	103	102	100	—
Accumulated other comprehensive income (loss)	10,000	−578,000	−18,000	82,000	351,000
Accumulated deficit	−37	−36	−40	−40	−37
Total stockholders equity	67	67	62	60	61
Total liabilities and stockholders equity	83	86	81	97	87

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	7	7	8	9	—
Stock-based compensation expense	447,000	1	2	2	3
Provision for credit losses	300,000	100,000	0	—	80,000
Loss (gain) on disposal of assets	24,000	−761,000	−1	−34,000	—
Distributions from equity investment in joint venture	2	2	1	2	2
Cash settlements from natural gas derivatives, net	178,000	−359,000	0	−1	0
Realized and unrealized losses from natural gas derivatives, net	202,000	152,000	572,000	465,000	0
Accounts receivable	3	1	4	−7	−4
Prepaid expenses and other current assets	563,000	820,000	1	1	1
Accounts payable and accrued liabilities	−2	−678,000	−8	11	4
Other	180,000	170,000	187,000	−256,000	—
Net cash provided by operating activities	9	14	7	15	4
Acquisition of fixed assets	−8	−9	−10	−4	−8
Proceeds from sale of fixed assets	211,000	841,000	1	100,000	293,000
Proceeds from notes receivable, related to prior sale of Brazil operations	226,000	185,000	87,000	200,000	0
Net cash used in investing activities	−8	−8	−9	−2	−8
Payments on short- and long-term notes payable and finance leases	−2	−2	−1	−2	—
Payment of debt issuance costs	−42,000	0	−108,000	0	−420,000
Employee tax payments from stock-based withholding	−17,000	−9,000	−162,000	−85,000	−430,000
Net cash used in financing activities	−2	−2	−4	−2	3
Net increase (decrease) in cash and cash equivalents	−2	4	−6	11	−330,000
Effect of exchange rate changes on cash	19,000	−46,000	5,000	14,000	—

Filings

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