Stabilis Solutions Announces Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $14.8 million, up 25% sequentially but down 27% year-over-year
- ➤Net income $0.2 million, reversing a $4.6 million Q2 net loss
- ➤Adjusted EBITDA $1.9 million, up from $0.1 million in Q2
- ➤Data center revenue reached 17% of total revenue, versus less than 1% in Q2
- ➤$18.4 million cash, cash equivalents and restricted cash at September 30
Expert Statements
Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer of Stabilis Solutions
“Our third quarter results were in line with our expectations and reflect the sequential improvement we anticipated, with revenues of $14.8 million supported by execution of a short-term power generation contract secured earlier this year.”
Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer of Stabilis Solutions
“The first quarter marked the low point for the year following the conclusion of several large contracts late last year, and the business has improved each quarter since.”
Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer of Stabilis Solutions
“We are now preparing for the 2027 launch of our largest contract to date, a multi-year agreement to supply LNG for behind-the-meter power generation at a U.S. data center.”
Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer of Stabilis Solutions
“Demand for small-scale LNG solutions to support behind-the-meter power generation at data centers remains robust, and we continue to pursue additional opportunities in this market that would extend our growth beyond the contracts already in hand”
Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer of Stabilis Solutions
“Demand across our aerospace end-market also remains strong, with revenues from aerospace customers increasing 49% year-over-year as launch and testing activity among our commercial space customers continues to drive LNG volumes.”
Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer of Stabilis Solutions
“Capital investment and pre-commissioning work for the upcoming data center contract remains on track, supported by advance customer payments.”
Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer of Stabilis Solutions
“We also continue work on our proposed Galveston LNG facility, engaging with prospective customers and financing partners as we work toward a final investment decision”
Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer of Stabilis Solutions
“Looking ahead, we remain well positioned to capitalize on growing demand across our key end-markets and to deliver profitable growth for 2027.”
HOUSTON, TX / ACCESS Newswire / November 4, 2026 / Stabilis Solutions, Inc. ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions, today announced financial results for the third quarter ended September 30, 2026.
THIRD QUARTER 2026 HIGHLIGHTS * Revenue of $14.8 million, up 25% sequentially from the second quarter of 2026 * Net income of $0.2 million, compared with a net loss of $4.6 million in the second quarter of 2026; Adjusted EBITDA of $1.9 million, up from $0.1 million in the second quarter * Data center-related revenue grew to 17% of total revenue in the third quarter, compared to less than 1% in the second quarter of 2026 * $18.4 million of cash, cash equivalents and restricted cash as of September 30, 2026 * Previously announced power generation contract for a U.S. data center remains on track to begin in the first quarter of 2027 MANAGEMENT COMMENTARY
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