olivLaw · US equity research
Stabilis Solutions, Inc. SLNG
Natural Gas Distribution · SIC 4924 · Vertical: Natural Gas Distribution (SIC 4924)
Stabilis Solutions is a North American provider of liquefied natural gas (LNG) for production, storage, transport and fueling, with liquefaction assets in Texas and Louisiana. The company is in a transition phase, with revenue down after large contracts ended, but it is winning new data center contracts that could change its growth profile in 2027.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Stabilis Solutions, Inc. (SLNG) stock was 3.83 USD (−11.34% on the day), with market capitalisation 71.2 m USD, beta 0.34, 52-week range 3.22–6.59 USD. Latest reported quarter (Q2 2026): revenue of 11.9 m USD (−31.2% YoY), net income of -4.6 m USD, diluted EPS -0.25 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 27.1
- oversold (≤ 30)
- Bollinger (20, 2)
- 3.86 – 5.38
- below the lower band · %B -0.02 · band width 32.9%
- SMA 50 / 200
- 5.09 / 4.65
- mixed trend
- MACD (12, 26, 9)
- -0.26 / -0.22
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −23.6% | −1.1% | −22.5 pp | — |
| 3 months | −17.8% | −0.5% | −17.4 pp | — |
| 6 months | −11.1% | +4.4% | −15.5 pp | — |
| Year to date | −15.8% | +12.3% | −28.1 pp | — |
| 1 year | −20.7% | +13.5% | −34.2 pp | +3.9% |
| 3 years | −17.6% | +76.4% | −94.0 pp | +42.7% |
| 5 years | −13.2% | +63.7% | −76.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.6 m | 17.3 m | 17.3 m | 17.3 m | 20.3 m | 13.3 m | 10.4 m | 11.9 m |
| Cost of revenue | 12.6 m | 12.4 m | 12.8 m | 12.7 m | 14.7 m | 10.0 m | 10.0 m | 9.6 m |
| SG&A | 3.0 m | 1.9 m | 4.9 m | 3.1 m | 2.8 m | 2.3 m | 2.8 m | 2.5 m |
| Depreciation & amortisation | 1.8 m | 1.8 m | 1.9 m | 1.9 m | 1.8 m | 1.8 m | 1.8 m | 1.8 m |
| Interest expense | 100.0 k | 200.0 k | 100.0 k | 0 | 100.0 k | 194.0 k | 100.0 k | 100.0 k |
| Pre-tax income | 874.0 k | 2.2 m | -1.7 m | -416.0 k | 1.1 m | -318.0 k | -4.1 m | -4.5 m |
| Income tax | -123.0 k | 101.0 k | -88.0 k | 197.0 k | 1.0 k | -56.0 k | 6.0 k | 149.0 k |
| Net income | 997.0 k | 2.1 m | -1.6 m | -613.0 k | 1.1 m | -262.0 k | -4.1 m | -4.6 m |
| Diluted EPS | 0.05 | 0.11 ≈ | -0.09 | -0.03 | 0.06 | -0.01 ≈ | -0.22 | -0.25 |
| Operating cash flow | 2.6 m ≈ | 2.2 m | 1.0 m | 4.5 m ≈ | 2.4 m ≈ | 669.0 k | 12.4 m | 7.1 m ≈ |
| Capex | 1.3 m ≈ | 5.6 m | 487.0 k | 635.0 k ≈ | 3.9 m ≈ | 3.1 m | 5.3 m | 2.3 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | ⚠ 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 37.3 m | 47.1 m | 41.6 m | 69.2 m | 98.8 m | 73.1 m | 73.3 m | 68.2 m |
| Revenue YoY | +553.3% | +26.1% | −11.7% | — | +42.9% | −26.0% | +0.2% | −6.9% |
| Net income | -11.0 m | -5.7 m | -6.8 m | -7.8 m | -3.2 m | 125.0 k | 4.6 m | -1.4 m |
| Net income YoY | unavailable | unavailable | unavailable | — | unavailable | unavailable | +3,579.2% | −129.4% |
| Diluted EPS | unavailable | unavailable | -0.40 | -0.45 | -0.17 | 0.01 | 0.25 | -0.07 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | — | unavailable | unavailable | +2,400.0% | −128.0% |
| net % | -29.6% | -12.1% | -16.3% | -11.3% | -3.2% | 0.2% | 6.3% | -2.0% |
| Free cash flow | -1.3 m | 2.0 m | 568.0 k | -3.3 m | 10.8 m | -3.5 m | 4.5 m | 462.0 k |
The series breaks before 2021: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 7.5 m USD
- Financial debt
- 7.7 m USD
- Net debt
- 227.0 k USD
- Equity
- 66.7 m USD
- Total assets
- 83.1 m USD
- Debt / equity
- 0.12x
- Current ratio
- 1.30x
- ROE
- -2.0%
- ROA
- -1.6%
- FCF margin
- 0.7%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 41.6 m | 69.2 m | 98.8 m | 73.1 m | 73.3 m | 68.2 m | SEC (XBRL)· 05 Mar 2026verified |
| Cost of revenue | — | 55.2 m | 77.7 m | 54.9 m | 52.1 m | 50.2 m | SEC (XBRL)· 05 Mar 2026verified |
| Gross profit | — | 14.0 m ≈ | 21.1 m ≈ | 18.2 m ≈ | 21.2 m ≈ | 18.0 m ≈ | SEC (XBRL)· 05 Mar 2026derived |
| SG&A | 10.8 m | 13.8 m | 13.2 m | 12.9 m | 11.8 m | 13.2 m | SEC (XBRL)· 05 Mar 2026verified |
| Depreciation & amortisation | 9.0 m | 8.9 m | 8.7 m | 7.9 m | 7.1 m | 7.3 m | SEC (XBRL)· 05 Mar 2026verified |
| Interest expense | 418.0 k | 901.0 k | 770.0 k | 509.0 k | 300.0 k | 294.0 k | SEC (XBRL)· 05 Mar 2026verified |
| Pre-tax income | -6.5 m | -7.1 m | -927.0 k | 369.0 k | 5.1 m | -1.3 m | SEC (XBRL)· 05 Mar 2026verified |
| Income tax | 256.0 k | 487.0 k | 265.0 k | 244.0 k | 485.0 k | 54.0 k | SEC (XBRL)· 05 Mar 2026verified |
| Net income | -6.8 m | -7.8 m | -3.2 m | 125.0 k | 4.6 m | -1.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Diluted EPS | -0.40 | -0.45 | -0.17 | 0.01 | 0.25 | -0.07 | SEC (XBRL)· 05 Mar 2026verified |
| Weighted average diluted shares | 16.9 m | 17.5 m | 18.3 m | 18.5 m | 18.6 m | 18.6 m | SEC (XBRL)· 05 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.8 m | 910.0 k | 11.5 m | 5.4 m | 9.0 m | 7.5 m | SEC (XBRL)· 05 Mar 2026verified |
| Receivables | 5.9 m | 9.4 m | 16.3 m | 7.8 m | 6.2 m | 3.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Inventories | 226.0 k | 258.0 k | 205.0 k | 169.0 k | 345.0 k | 342.0 k | SEC (XBRL)· 05 Mar 2026verified |
| Current assets | 10.8 m | 15.5 m | 32.2 m | 15.0 m | 17.5 m | 12.9 m | SEC (XBRL)· 05 Mar 2026verified |
| Property, plant & equipment, net | — | — | 47.7 m | 49.5 m | 51.7 m | 52.9 m | SEC (XBRL)· 05 Mar 2026verified |
| Goodwill | 4.5 m | 4.3 m | 4.3 m | 4.3 m | 4.3 m | 4.3 m | SEC (XBRL)· 05 Mar 2026verified |
| Total assets | 80.3 m | 87.3 m | 96.6 m | 81.3 m | 85.6 m | 83.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Accounts payable | 4.4 m | 5.1 m | 4.5 m | 5.7 m | 5.7 m | 4.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Short-term debt | 4.5 m | 2.0 m | 3.3 m | 1.7 m | 2.0 m | 1.9 m | SEC (XBRL)· 05 Mar 2026verified |
| Long-term debt | 682.0 k | 7.6 m | 8.7 m | 7.7 m | 6.8 m | 5.8 m | SEC (XBRL)· 05 Mar 2026verified |
| Current liabilities | 14.2 m | 15.6 m | 27.5 m | 11.7 m | 11.6 m | 10.0 m | SEC (XBRL)· 05 Mar 2026verified |
| Total liabilities | 18.3 m | 26.3 m | 36.7 m | 19.5 m | 18.6 m | 16.4 m | SEC (XBRL)· 05 Mar 2026verified |
| Equity | 62.0 m | 61.1 m | 59.9 m | 61.8 m † | 67.0 m † | 66.7 m † | SEC (XBRL)· 05 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.3 m | 4.3 m | 14.7 m | 6.7 m | 13.7 m | 8.6 m | SEC (XBRL)· 05 Mar 2026verified |
| Capex | 768.0 k | 7.6 m | 3.9 m | 10.3 m | 9.1 m | 8.1 m | SEC (XBRL)· 05 Mar 2026verified |
| Free cash flow | 568.0 k ≈ | -3.3 m ≈ | 10.8 m ≈ | -3.5 m ≈ | 4.5 m ≈ | 462.0 k ≈ | SEC (XBRL)· 05 Mar 2026derived |
| Investing cash flow | -256.0 k | -7.5 m | -1.9 m | -8.9 m | -8.1 m | -7.7 m | SEC (XBRL)· 05 Mar 2026verified |
| Financing cash flow | -3.2 m | 3.0 m | -2.3 m | -3.9 m | -1.9 m | -2.4 m | SEC (XBRL)· 05 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 27.1% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 71.2 m USD
Key indicators
Coverage and freshness
Score by group
27% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -14.1% | 17 (vs peers) | 23% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -11.6% | 0 (on a fixed band) | 31% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.6x | 66 (on a fixed band) | 15% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 11.2% | 100 (on a fixed band) | 31% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial66/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial17/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial100/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Stabilis Solutions, Inc. (SLNG). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 68.2 m USD in 2025; YoY growth -6.9%; net margin -14.1%; ROE -12.7%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF yield: 11.2%
What contradicts it
- Net margin: -14.1%
- Revenue CAGR 3Y: -11.6%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Natural Gas Distribution (SIC 4924) · same industry (4-digit SIC) · compared with 14 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| LNGCheniere Energy, Inc. | 59.6 bn | 20.3 | 45.7% | 13.1% | +27.2% | +40% / +60% |
| ATOAtmos Energy Corp | 29.8 bn | 21.0 | 9.8% | 28.5% | +12.9% | +0% / +55% |
| CQPCheniere Energy Partners, L.P. | 27.4 bn | 8.4 | — | 28.1% | +23.6% | +4% / −8% |
| NFGNational Fuel Gas Company | 7.3 bn | 10.6 | 19.6% | 26.9% | +17.1% | −7% / +51% |
| NJRNew Jersey Resources Corporation | 5.6 bn | 15.2 | 14.5% | 24.0% | +9.9% | +15% / +30% |
| SRSpire Inc. | 5.3 bn | 14.9 | 10.3% | 13.9% | −4.5% | +2% / +48% |
| OGSONE Gas, Inc. | 5.2 bn | 17.5 | 8.7% | — | +42.5% | −2% / +43% |
| MDUMdu Resources Group Inc | 4.2 bn | 20.8 | 7.0% | 10.7% | +6.7% | −7% / +87% |
| NWNNorthwest Natural Holding Company | 2.2 bn | 17.1 | 8.3% | 9.7% | +11.8% | +4% / +40% |
| NFENew Fortress Energy Inc. | 1.2 bn | — | -533.9% | -148.7% | −36.2% | +234% / −89% |
| SLNGStabilis Solutions, Inc. | 71.2 m | — | -12.7% | -14.1% | −6.9% | −21% / −18% |
| CETYClean Energy Technologies, Inc. | 10.4 m | — | -76.3% | -245.9% | −63.8% | −53% / −96% |
| EEExcelerate Energy, Inc | — | 26.8 | — | — | +44.3% | +22% / +105% |
| VGVenture Global, Inc. | — | 9.1 | 54.7% | 22.3% | +176.9% | +61% / unavailable |
| UGPUltrapar Holdings Inc. | — | — | 16.5% | 1.8% | +5.9% | +36% / +10% |
1- and 3-year price returns: for SLNG from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 12 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
In brief
Stabilis Solutions is a North American provider of liquefied natural gas (LNG) for production, storage, transport and fueling, with liquefaction assets in Texas and Louisiana. The company is in a transition phase, with revenue down after large contracts ended, but it is winning new data center contracts that could change its growth profile in 2027 123.
SWOT
Strengths
- Long operating experience in small-scale LNG and a record of reliable deliveries, plus a mobile equipment fleet considered among the largest in the region.
- A production network including third-party sources lets the company serve customers in locations without its own liquefaction.
- A new data center contract brings customer advance payments, which supports short-term liquidity.
Weaknesses
- Revenue is concentrated in a few large customers, and losing one could materially affect results.
- The company reported net losses in 2025 and in the first half of 2026, and available liquidity is limited.
- Dependence on contractors and external financing for new facilities increases execution risk.
Opportunities
- Data center power contracts could open a new, high-value revenue line.
- If the Galveston project is completed, the company could serve marine bunkering demand in the Gulf of Mexico.
- Growth in the number of LNG-fueled ships and rockets could create additional long-term demand.
Threats
- Delays in financing or construction of facilities could lead customers to terminate contracts.
- Volatile natural gas and competing fuel prices could reduce demand or margins.
- Regulatory changes or community opposition to fossil fuel projects could slow development.
Risks
- Financing of the Galveston projecthigh
The company has not yet finalized financing for the facility, and a delay could mean failing to meet conditions set in customer contracts.
- Customer concentrationhigh
A small number of customers generate a large share of revenue, and non-performance by a major customer could seriously affect results.
- Expiry of contractsmedium
Large contracts that end without renewal can leave revenue gaps, as happened after the fourth quarter of 2025.
- Construction executionmedium
Cost overruns or contractor delays could postpone commissioning of new facilities and affect cash receipts.
- Counterparty and price riskmedium
Counterparty non-payment or non-performance, together with gas price volatility, could affect results and access to financing.
Investment thesis
What would need to be true (bull case)
- The data center contract and aerospace demand could lead to a significant revenue increase in 2027 if they unfold as planned.
- Advance payments received from customers could support liquidity during the construction phase.
- If the Galveston project becomes operational, the company could become one of the fastest LNG bunkering providers in the Gulf of Mexico.
What would break the thesis
- The company has reported repeated net losses and declining revenue, and available liquidity is limited.
- Financing risk for the Galveston project remains unresolved, and a delay could cancel important contracts.
- Dependence on a few large customers makes results vulnerable to decisions by a single client.
What to watch
- Start of deliveries under the data center contract and the revenue trajectoryQ1 2027
- Final investment decision (FID) for the Galveston facility and completion of its financing2026
- Revenue trend in the second half of 2026 compared with the first halfnext 10-K
- Liquidity level and capacity commitments for Galveston2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 12 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
The business
Stabilis Solutions, Inc. provides integrated clean energy solutions based on liquefied natural gas (LNG), covering production, storage, transport and fueling for customers. The company says it has delivered over 580 million gallons of LNG through more than 60,000 truck deliveries in its 22-year operating history, which it believes makes it one of the most experienced small-scale LNG providers in North America 1.
Revenue comes from three sources: LNG sales (including its 'virtual natural gas pipeline' and a network of about 31 third-party production sources), rental of cryogenic equipment from a fleet of over 170 mobile assets, and engineering and field support services. The company also owns 40% of the Chinese joint venture BOMAY, accounted for under the equity method 1.
Segments
LNG production and sales
The company operates liquefiers in George West, Texas (up to 100,000 gallons per day) and Port Allen, Louisiana (up to 30,000 gallons per day). Revenue from this segment is included in LNG product revenue, which was 57.2 million USD in 2025 1.
Cryogenic equipment rental
The mobile fleet of LNG storage and vaporization assets is deployed at customer sites. Rental revenue fell to 5.3 million USD in 2025, as some contracts ended and customers needed less equipment 1.
Engineering and field support services
Engineers help customers integrate LNG into their operations and technicians help commission equipment on site. Service revenue fell to 5.0 million USD in 2025 1.
Market context
The company describes the North American small-scale LNG market as growing, supported by marine fuel, rocket propulsion and data center power. According to the source, 851 LNG-fueled marine vessels were in the global fleet at the end of 2025, with another 670 on order for delivery by 2033 1.
The company argues that LNG remains cheaper than other traditional fuels and is less sensitive to swings in natural gas prices, although these advantages depend on market prices that can fluctuate 1.
Trends
- Data center power demandtailwind
A multi-year on-site power contract with deliveries from early 2027 could reshape the revenue profile if it proceeds as planned. If the project is delayed, the effect could be pushed back 12.
- Aerospace demandtailwind
Revenue from aerospace customers grew 71% year over year in the second quarter of 2026, suggesting consolidating demand for LNG-based rocket propulsion 3.
- Large contracts that have endedheadwind
Two large contracts concluded in the fourth quarter of 2025 and together accounted for significant demand; replacing them has been slow, which pushed revenue down 13.
- Financing of the Galveston projectmixed
Development of the Galveston liquefaction facility depends on financing and on additional capacity commitments. If these do not materialize, the project could be delayed or scaled back 12.
Competitive position
The company faces competition from small-scale LNG suppliers and from other fuels such as diesel, fuel oil and propane, whose prices directly influence demand. The documents reviewed do not name direct competitors.
Customers can choose between LNG and alternative fuels based on price, volume and logistics flexibility, so competitive position depends on supply cost and the reliability of third-party production networks 1.
- North American small-scale LNG suppliers
The sources do not name individual competitors; the company refers to competition in the sector in general.
- Diesel and fuel oil suppliers for ships
Traditional fuels compete with LNG in marine and industrial applications.
- Propane suppliers
Propane is a cited alternative to LNG in industrial and heating applications.
- Natural gas pipeline operators
Pipelines compete with LNG where pipeline infrastructure is available.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report04 Nov 2026
- Current report04 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report12 Aug 2026
- Current report11 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report11 Aug 2026Shareholder vote
- Current report10 Jul 2026Item 4.01 · Financial statements and exhibits
- Current report30 Jun 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Proxy statement30 Jun 2026
- Current report25 Jun 2026Termination of a material agreement · Financial statements and exhibits
- Quarterly report07 May 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Stabilis Solutions, Inc. · 05 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Stabilis Solutions, Inc. · 12 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Stabilis Solutions, Inc. · 11 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.