Stabilis Solutions Reports Positive Q3 2024 Financial Results

Stabilis Solutions, a leader in clean fueling and LNG solutions, announced its financial results for the third quarter ending September 30, 2024. The company reported a 22% increase in LNG sales volume year-over-year and achieved a positive net income improvement of $1.2 million. Adjusted EBITDA rose to $2.6 million, marking an increase of $2.0 million compared to the previous year.

Stabilis reported cash flow from operations of $2.6 million, a 73% increase year-over-year, and $15.6 million in cash and credit availability as of September 30, 2024. The revenue mix shifted to include more long-term contracts, with contracted agreements accounting for 68% of third quarter revenues, up from 43% the prior year.

The company strengthened its competitive position by increasing its revenue share in high-growth marine and aerospace markets. Stabilis is investing in LNG fueling expansion, targeting the Texas Gulf Coast and exploring LNG deployment opportunities in commercial and industrial markets.