Earnings Releases·Nov 4, 2026, 4:11 PM ET

Stabilis Solutions — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $14.8 million, marking a 25% sequential increase from Q2 2026 but a 27% year-over-year decline from Q3 2025; net income improved to $0.2 million ($0.01/share) versus a $4.6 million loss in Q2 2026 and $1.1 million in Q3 2025.
Adjusted EBITDA rose to $1.9 million from $0.1 million in the prior quarter, while deferred revenue surged to $25.0 million as of September 30, 2026, driven by advance payments and a shift in segment mix where data center revenue grew to 17% of total revenue.
Management expects profitable growth in 2027, with a previously announced U.S. data center power generation contract on track to commence in Q1 2027 and continued pursuit of a final investment decision for the Galveston LNG facility.
Aerospace sector revenues increased 49% year-over-year, partially offsetting the completion of large marine and power generation contracts, while total liabilities rose to $43.6 million and stockholders' equity decreased to $58.7 million due to an increased accumulated deficit.