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what it is
Stabilis moves liquefied natural gas for customers that need fuel where pipelines do not reach.
how it gets paid
Last year Stabilis Solutions made $68M in revenue. Liquefaction was the main engine at $26M, or 38% of sales.
growth snapshot
Full-year revenue was about flat at ~$68M. A single quarter can still print a large vs. prior year percent vs an easy compare—that does not undo the flat annual read.
what just happened
Latest quarter in the feed: revenue on the order of ~$55M, but EPS stayed at -$0.06 (not annual).
At a glance
C++ balance sheet — some cracks in the foundation
30/100 earnings predictability — expect surprises
93.0x trailing p/e — you're paying up for this one
6.3% return on capital — nothing to write home about
$0.25 fy2024 eps est
xvary composite: 34/100 — weak
What they do
Stabilis moves liquefied natural gas for customers that need fuel where pipelines do not reach.
You are buying two owned liquefiers, not a promise. George West can make 100,000 LNG gallons a day, and Port Allen adds 30,000. That 130,000-gallon daily ceiling beats one plant by a mile and keeps your customer tied to the schedule, not the weather.
How they make money
$68M
annual revenue · their business grew +0.0% last year
Liquefaction
$26M
Transportation
$16M
Fueling
$14M
Storage and terminal services
$12M
The products that matter
small-scale LNG delivery
Liquefaction
$26M · 38% (filing table)
this is the largest single line in the revenue bridge above. some decks re-bundle liquefaction with adjacent LNG activity into a bigger headline bucket that still sums to the same ~$68M total—use the table for apples-to-apples. the annual bridge here is flat vs. prior year.
current engine
logistics and fueling
Transportation & Fueling
$16M + $14M (table)
transportation and fueling are separate rows that together are a big share of the $68M base. weakness in one leg shows up fast when the full-year top line is not growing.
mix risk
storage and terminal services
Storage · data-center optionality
$12M (table) · $200M award cited
storage and terminal services are $12M in the bridge. narrative focus includes a large U.S. data-center LNG award (cited near $200M), and management ties the ramp to mid-2026—that contract story is bigger than today’s revenue mix.
the thesis
Key numbers
93.0x
trailing pe
You are paying 93 dollars for each dollar of trailing earnings. That is rich for a company with 6.3% return on capital.
$68M
ttm revenue
The business is still tiny next to the $2B sales estimate for 2026. That gap is the whole story.
$6M
long-term debt
Debt is only $6M, or 8% of capital. Small debt helps, but it does not make the stock cheap.
6.3%
return on capital
The business earns 6.3 cents on each dollar of capital. That is not much cushion at a 93.0x earnings price.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 4 — safer than 20% of stocks
- price stability 10 / 100
- long-term debt $6M (8% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for SLNG right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Quarterly revenue hit about $55M, but EPS stayed at -$0.06 on the same print (vs. ~$68M TTM above).
Quarterly revenue was up ~170% vs. prior year on this feed—while full-year revenue stayed about flat at ~$68M. The quarter still landed in the red.
~$55M
rev (q)
-$0.06
eps (q)
~+170%
rev vs. prior year (q)
the number that mattered
Revenue reached $55M, but EPS was still -$0.06. You are buying growth before the profit has arrived.
source: company earnings report, 2026
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What could go wrong
The #1 risk is the timing and execution of the mid-2026 data-center LNG ramp. This page works or breaks on whether that contract starts on schedule and shows up at a scale big enough to outrun declines elsewhere.
high
The bridge period gets longer
Management already said revenue and profitability should be lower in the first half of 2026. After Q4 revenue fell 23% to $13.3M, another weak stretch would keep pressure on sentiment, earnings, and cash.
Time is not neutral here. It costs money.
high
The $200M contract ramps slower than investors expect
The award is the whole bull case, but it does not start until mid-2026. Customer timing, site readiness, fuel logistics, or project sequencing would hit the thesis directly if any of them slip.
If the start date moves right, the valuation story moves with it.
med
Legacy business keeps shrinking
The annual segment bridge on this page is flat vs. prior year—do not read it as segment shrink. Recent quarterly operational reads (e.g. LNG gallons down ~22% vs. prior year, marine revenue down ~42% on this feed) can still signal stress under the hood. If those trends keep sliding, the new contract first replaces lost momentum before it creates clear growth.
That turns a growth story into a recovery story.
med
The balance sheet loses flexibility
Cash is $7.6M, long-term debt is $6M, and the balance sheet grade is C++. That is enough for a normal stretch. It is not excess capacity if weak quarters stack up before the ramp.
On this balance sheet, delay risk and financing risk start to merge.
One contract now carries the burden of a $68M revenue base, a 93.0x trailing p/e, and a ~$66M market cap. If execution works, the upside is obvious. If execution slips, the concentration risk is obvious too.
source: institutional data · regulatory filings · risk analysis
Pay attention to
timeline
mid-2026 contract start
The $200M data-center award does not matter economically until fuel starts moving. Watch for the first quarter where management ties reported revenue to that project.
risk
first-half 2026 weakness
Management already guided to lower revenue and profitability. If that weakness deepens, patience gets repriced fast in a $66M market cap stock.
trend
legacy segment stabilization
LNG gallons sold fell 22% and marine revenue fell 42% in the latest quarter. You want those declines moderating before the new project has to carry the whole narrative.
metric
cash versus quarterly losses
Cash sits at $7.6M. If losses widen while the company waits for the ramp, financing risk moves from background issue to headline issue.
Analyst rankings
earnings predictability
30 / 100
in human-speak, analysts do not expect a smooth earnings path here. Contract timing and segment mix swing results fast.
price stability
10 / 100
This has traded like a small-cap event stock, not a slow-moving fuel distributor. If you own it, you should expect volatility, not calm.
source: institutional data
Institutional activity
institutional ownership data for SLNG is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$6
current price
n/a
target midpoint · n/a from current
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