Stabilis Q2 Revenue Plunges 31%, Losses Deepen; Data Center Deal Offers Hope
SLNG sits 73% above its 52-week low of $3.21.
Summary
Stabilis Solutions reported a brutal Q2: revenue down 31% YoY as large marine and power contracts ended, and net loss widened to $4.64M ($0.25/share) — far worse than the $0.05 consensus. The miss was compounded by $2.9M in vessel charter expenses for a deal that never materialized, though that charter has now been terminated. Aerospace revenue jumped 71%, partially offsetting the decline. The company secured a new LNG power generation contract at a U.S. data center, with service starting Q3 2026, and guided for H2 revenue to rise over 50% vs H1, with 2027 revenue exceeding $100M. This follows a tumultuous period: an auditor resignation in July, a modified loan agreement requiring a $5M cash collateral account, and a $1.85M vessel charter termination fee in June. The data center contract and aggressive 2027 guidance are the bull case, but execution risk is high given the recent operational and financial turbulence. The company filed an 8-K regarding operations and financial condition.
At the time of this announcement, SLNG was trading at $5.55 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $96M. The 52-week trading range was $3.21 to $6.36. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.