Stabilis Solutions, Inc.
Business
Stabilis Solutions, Inc. is a small-scale liquefied natural gas (LNG) producer, distributor, and service provider serving North American markets including aerospace, marine bunkering, industrial, mining, oil and gas, utilities, and remote power generation. The company owns and operates LNG liquefaction facilities, provides transportation and logistics via a fleet of cryogenic trailers, rents cryogenic equipment, and offers engineering and field support services. Stabilis generates revenue from LNG product sales, equipment rental, and service offerings, with a significant equity interest in a Chinese joint venture providing power and control systems.
Summary from 10-K filed 2026-03-05
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Stabilis Solutions, Inc.'s CIK number?
Stabilis Solutions, Inc.'s SEC CIK number is 0001043186 (1043186). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Stabilis Solutions, Inc.'s SEC filings?
All of Stabilis Solutions, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Stabilis Solutions, Inc. last report earnings?
Stabilis Solutions, Inc. (SLNG) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-015274). This is Stabilis Solutions, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Stabilis Solutions, Inc.'s most recent earnings 8-K?
Stabilis Solutions, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001437749-26-015274. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Stabilis Solutions, Inc.'s latest earnings 8-K →
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