Stabilis Solutions, Inc. reported a decrease in total revenues for the fiscal year ending December 31, 2025, amounting to $68.2 million, down 6.9% from $73.3 million in 2024. The decline was primarily attributed to reduced rental and service revenues, which fell by 26.5% and 32.5%, respectively, as customers required less rental equipment and certain contracts concluded. Additionally, the company delivered 6.1 million fewer gallons of LNG compared to the previous year, resulting in a revenue decrease of $3.5 million. However, this was partially offset by an increase in natural gas prices, which contributed an additional $3.9 million to revenues.
In terms of profitability, Stabilis reported a net loss of $1.4 million for 2025, a significant decline from a net income of $4.6 million in 2024. The loss was influenced by increased selling, general, and administrative expenses, which rose by 12.1% due to severance costs associated with the departure of former CEO Westervelt T. Ballard, Jr. The company also experienced a decrease in equity income from its joint venture in China, which fell by 20.6% to $1.2 million.
Strategically, Stabilis is advancing its proposed Galveston LNG liquefaction facility, which is expected to have a capacity of 350,000 gallons per day. The company has secured customer commitments for approximately 56% of the facility's capacity and is in discussions to finalize project financing by the first quarter of 2026. Additionally, Stabilis entered into two ten-year LNG supply agreements with cruise vessel operators, set to commence in 2027, which are expected to anchor the development of the new facility.
Operationally, Stabilis continues to serve approximately 20 customers across various sectors, including aerospace, agriculture, and marine bunkering. The company has maintained a workforce of 85 employees as of December 31, 2025. Looking ahead, Stabilis anticipates that the construction of the Galveston facility and the commissioning of a dedicated LNG bunkering vessel will enhance its service capabilities and market presence, particularly in the marine sector. The company remains focused on expanding its LNG production and distribution capabilities while navigating the challenges posed by market conditions and operational costs.
About Stabilis Solutions, Inc.
Stabilis Solutions, Inc. provides turnkey small-scale LNG production, transportation, storage, and fueling solutions across North America. Serving diverse markets such as industrial, marine, aerospace, mining, and remote power, it leverages proven cryogenic technology and extensive operational experience. The company offers LNG sales, logistics, equipment rental, and engineering services, positioning itself as a comprehensive provider in the evolving energy transition landscape.
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