Aug 11, 2026, 4:52 PM ETEnergy

Stabilis Solutions — Second Quarter 2026 Earnings Summary

SLNGSTABILIS SOLUTIONS INC

Financial Performance

Revenue for the second quarter of 2026 was $11.9 million, a 31.2% decrease compared to $17.3 million in the second quarter of 2025.
Net loss for the quarter was $4.6 million ($0.25 per diluted share), compared to a net loss of $0.6 million ($0.03 per diluted share) in the second quarter of 2025.
Adjusted EBITDA was $0.1 million for the quarter, down from $1.5 million in the prior year period.
Cash flow from operations was $7.1 million, driven by $5.0 million in advance payments from customers.
Total available liquidity was $18.9 million as of June 30, 2026.
Total liabilities increased to $40.9 million as of June 30, 2026, from $16.4 million as of December 31, 2025, primarily due to a $19.3 million increase in noncurrent deferred revenue.
Total assets were $99.4 million as of June 30, 2026, compared to $83.1 million at the end of 2025.
The decrease in net loss compared to the prior year was partially offset by $2.9 million in vessel charter expenses associated with a terminated marine vessel charter.

Management views 2026 as a transition year with the business having troughed in the first quarter and building through the second half.
Second-half 2026 revenues are expected to increase by over 50% compared to the first half of the year.
2027 is expected to be a record year with revenues ramping to well over $100 million for the full year.
A multi-year agreement to supply LNG for behind-the-meter power generation at a U.S. data center is expected to launch in early 2027.

Aerospace customer revenues grew 71% year-over-year, leading the recovery in demand.
A new contract was executed for behind-the-meter LNG power generation at an additional U.S. data center, with service expected to commence in Q3 2026.
Significant capital investment and pre-commissioning work are underway for a previously announced behind-the-meter LNG power generation project at a U.S. data center, commencing Q1 2027.
The Company secured a six-month LNG supply agreement for the commissioning of an additional U.S. data center.
Progress was made on the Gulf Coast marine strategy, receiving a U.S. Coast Guard Letter of Recommendation on the Waterway Suitability Assessment for the proposed Galveston LNG facility.

The Company believes the proposed Galveston LNG facility will be the fastest to market and lowest cost per gallon dedicated LNG bunkering facility on the Gulf Coast.
The Company is pursuing additional opportunities to supply LNG for data center power generation.

Revenue decreased primarily due to the completion of large contracts in the marine and power generation sectors in Q4 2025.
A marine vessel charter entered into in anticipation of a customer commitment that did not materialize was terminated, resulting in $2.9 million in expenses in the second quarter.
Forward-looking statements are subject to risks including future demand and price of LNG, availability and price of natural gas, construction delays, cost overruns, regulatory impediments, and the ability to achieve conditions precedent for commercial contracts.

Casey Crenshaw, Executive Chairman and Interim President & CEO, stated that momentum is building as the company prepares for the early-2027 launch of its largest customer contract to date.
Management noted that second-quarter results were in line with expectations and demand recovered from first-quarter lows.
The tone indicates confidence in improving financial performance through the balance of 2026 and sustainable growth in 2027.

The terminated vessel charter is not expected to have any further impact on earnings beyond the second quarter.
The Company received a U.S. Coast Guard Letter of Recommendation for its proposed Galveston LNG facility, a key regulatory milestone.
The conference call and webcast for the second quarter results were scheduled for August 12, 2026.