Stabilis Solutions Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw a 40% revenue decline and negative adjusted EBITDA due to contract completions, but strong demand in aerospace and data center markets is expected to drive a recovery in the second half of 2026 and substantial growth in 2027, supported by a major new data center contract.
Fiscal Year 2025
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Q4 revenue and EBITDA declined sharply year-over-year due to the completion of two major contracts, but strong growth is expected from new data center, aerospace, and marine projects starting in mid-2026. The company secured a record $200M contract and is advancing its Galveston LNG facility.
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Q3 saw double-digit revenue and volume growth, led by marine, aerospace, and power generation demand. The company secured a major 10-year marine contract and advanced the Galveston LNG project, with 75% of capacity expected to be contracted by FID in early 2026.
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Revenue and EBITDA declined year-over-year due to the completion of a major project, but growth in marine, aerospace, and power generation segments offset some of the decline. Record liquidity and a net cash position provide flexibility for future expansion, with several long-term contracts in negotiation to support new capacity.
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First quarter revenue declined 12% year-over-year due to contract roll-offs and planned downtime, but marine and aerospace revenue grew over 13%. Adjusted EBITDA and margins fell, impacted by non-recurring executive transition costs, while liquidity and balance sheet remain strong.
Fiscal Year 2024
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Q4 saw record adjusted EBITDA and margin, with strong growth in aerospace and marine segments offsetting lower oil and gas revenues. Full-year cash generation was robust, supporting growth investments, especially along the Gulf Coast. Net debt remains minimal.
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Q3 2024 saw 15% revenue growth, record Adjusted EBITDA, and a shift to long-term contracts, with marine and aerospace now 40% of revenues. Strong liquidity supports expansion, and full-year CapEx is guided at $8–10M as growth initiatives accelerate.
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Q2 revenue grew 44% year-over-year to $18.6M, with improved plant utilization and positive net income. Storage expansion at George West is underway, and growth is expected in marine, data center, and aerospace markets.