Stabilis Solutions, Inc., a leading provider of clean fueling, production, storage, and last mile delivery solutions, reported its financial results for the second quarter ended June 30, 2026. Revenue for the quarter came in at $11.9 million, a decrease of 31.2% compared to the second quarter of 2025, primarily attributable to the completion of large contracts in the marine and power generation sectors in Q4 of 2025. Despite the revenue decline, the company recorded 71% year-over-year growth in revenues from aerospace customers and generated cash flow from operations of $7.1 million, including $5.0 million of advance payments from customers.

Key Financial Highlights

The following table summarizes the key financial metrics for the second quarter of 2026 compared to the prior-year period:

Financial Performance Overview

Net loss for the second quarter of 2026 was ($4.6) million, or ($0.25) per diluted share, compared to a loss of ($0.6) million, or ($0.03) per diluted share, in the second quarter of 2025. The wider loss reflects lower revenues and $2.9 million in vessel charter expenses associated with a marine vessel charter that was terminated late in the second quarter. The charter had been entered into in anticipation of a customer commitment that did not materialize and was subsequently terminated. The company noted that with the charter now terminated, no further impact to earnings from this vessel charter is expected beyond the second quarter. Selling, general and administrative expenses decreased by $0.6 million compared to the prior year period, partially offsetting the impact of the charter costs.

Adjusted EBITDA (a non-GAAP financial measure) for the second quarter of 2026 was $0.1 million, compared to $1.5 million in the year-ago quarter. The decrease in Adjusted EBITDA year-over-year is primarily attributable to the completion of two large multi-year contracts during the fourth quarter of 2025. Total operating expenses for the quarter were $16,698 thousand, compared to $17,775 thousand in Q2 2025, with the increase in net loss driven largely by the $2,851 thousand in time charter expense incurred in the current period versus nil in the prior year.

Operating Expenses Breakdown

The table below details the key operating expense line items for the second quarter of 2026 versus the prior-year period:

Balance Sheet and Liquidity

As of June 30, 2026, total assets stood at $99,352 thousand, up from $83,110 thousand as of December 31, 2025. The increase was driven in part by a significant rise in restricted cash and cash equivalents to $14,317 thousand from nil at year-end, reflecting $5.0 million in advance payments received in Q2 and $15.0 million received in Q1 from a customer associated with a contract expected to begin in early 2027. Total liabilities increased to $40,916 thousand from $16,438 thousand, primarily due to $19,320 thousand in noncurrent deferred revenue. Total stockholders' equity stood at $58,436 thousand, compared to $66,672 thousand at December 31, 2025, with accumulated deficit widening to ($45,714) thousand from ($37,001) thousand.

Commercial Developments and Outlook

During the quarter, Stabilis executed a new contract for behind-the-meter LNG power generation at an additional U.S. data center, with service expected to commence in Q3 2026. Significant capital investment and pre-commissioning work is also underway for a previously announced behind-the-meter LNG power generation contract at a U.S. data center, commencing Q1 2027. On the marine side, the company received a U.S. Coast Guard Letter of Recommendation on the Waterway Suitability Assessment for its proposed Galveston LNG facility, which remains in development.

Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer, stated: "Momentum is building across our business as we prepare for the early-2027 launch of our largest customer contract to date, a multi-year agreement to supply LNG for behind-the-meter power generation at a U.S. data center. Our second-quarter results were in line with our expectations, and demand recovered from the first-quarter low, led by 71% year-over-year growth in revenues from aerospace customers." Crenshaw added that second-half revenues are expected to increase by over 50% compared to the first half of the year, and that 2027 is expected to be a record year for Stabilis, with revenues expected to ramp to well over $100 million for the full year.

Stabilis Solutions, Inc. (NASDAQ: SLNG), a provider of clean fueling, production, storage, and last-mile delivery solutions, will issue its second quarter 2026 financial results after the U.S. markets close on Tuesday, August 11, 2026. The announcement sets the stage for investors to evaluate the company’s operational performance in the clean energy sector during the period. Following the release, management will hold a conference call on Wednesday, August 12, 2026, at 9:00 a.m. ET to discuss the financial outcomes and address analyst inquiries.

The conference call will be accompanied by a webcast available in the Investor Relations section of the company’s corporate website at https://investors.stabilis-solutions.com/events . Participants are advised to visit the site at least 15 minutes prior to the scheduled start time to register and install any necessary audio software for the live broadcast. This ensures seamless access to the presentation materials and the question-and-answer session.

Teleconference Access Details

Investors may participate in the live teleconference using the following contact information:

The conference ID for all participants is SLNGQ226.

Replay Availability

A replay of the teleconference will be available for listening through August 19, 2026. Those unable to join the live session can access the recording via the following lines:

For further investor relations inquiries, Andrew Puhala, Chief Financial Officer, is available at 832-456-6502 or via email at ir@stabilis-solutions.com . Stabilis Solutions continues to serve multiple end markets with its integrated clean energy infrastructure solutions.