Quarterly ResultMay 7, 2026, 06:08 AM
Stabilis Solutions Q1 Revenue Down 40% to $10.38M; Net Loss Widens
AI Summary
Stabilis Solutions reported a significant decline in Q1 2026 revenues to $10.38 million, a 40% decrease year-over-year, and a widened net loss of $4.08 million, or $(0.22) per share. Despite the weaker quarterly financial performance, the company secured a $15.0 million advance payment for a multi-year data center power generation contract, contributing to a substantial increase in operating cash flow and deferred revenue. The company also entered into a new operating lease for a marine bunkering vessel, expanding its asset base.
Key Highlights
- Q1 2026 Revenues decreased 40% to $10.38 million from $17.34 million in Q1 2025.
- Net loss widened to $4.08 million, or $(0.22) per share, compared to a net loss of $1.60 million, or $(0.09) per share, in Q1 2025.
- Net cash provided by operating activities increased to $12.42 million from $1.03 million year-over-year.
- Received a $15.0 million advance payment for a multi-year data center power generation contract, classified as deferred revenue.
- Total current liabilities increased to $20.97 million at March 31, 2026, from $9.96 million at December 31, 2025.
- Entered a two-year operating lease for a marine bunkering vessel, adding $22.4 million in right-of-use assets.
- Construction in progress increased to $19.68 million, primarily for data center and Galveston LNG facility.
- Subsequent to quarter-end, received $1.0 million in debt proceeds under the AmeriState Loan Agreement.
Price Impact
More from SLNG