SLNG News & Events

Stabilis was recently awarded a multi-year take-or-pay contract to supply LNG for a U.S. behind-the-meter power generation application for a world-leading provider of remote and temporary power generation and energy services. LNG deliveries are expected to commence during the first quarter of 2027 and continue through the first quarter of 2029. Stabilis anticipates total revenue under the initial two-year term of the contract of approximately $200 million. This contract represents the Company's first-ever contract in support of data center behind-the-meter power generation, consistent with its strategic focus on growing, high-value vertical markets. Stabilis continues to advance its proposed Galveston liquefaction facility and Jones Act-compliant LNG bunkering vessel toward an expected Final Investment Decision by the end of the first quarter 2026. Stabilis has secured customer commitments for approximately 56% of the project's planned 350,000 gallons-per-day capacity and is engaged in late-stage discussions with multiple potential customers to secure the remaining available offtake. The total capital required for the Project is estimated at $350 million to $400 million. Financing for the Project is progressing with counterparties conducting detailed due diligence and active negotiations on definitive documentation and key commercial terms. During the fourth quarter, two multi-year customer contracts concluded in accordance with their terms. The completed contracts were for temporary remote power in Louisiana, and the Company's truck-to-vessel LNG marine bunkering services in Galveston, Texas. The marine customer elected not to extend the agreement due to the unavailability of suitable Jones Act-compliant LNG bunker vessels during the contemplated extension period. The two contracts accounted for approximately 19% and 32% of 2025 revenues, respectively. The Company is engaged in late-stage discussions for new customer opportunities and expects to redeploy assets and personnel to support replacement work during 2026.

Sees Net loss of between ($0.3) million and ($0.5) million; Adjusted EBITDA of between $1.4 million and $1.6 million

"Following the conclusion of customer contracts within our marine bunkering and power generation markets, we anticipate 2026 will be a transitional year for our organization as we prepare to support new, long-term customer agreements, while continuing to advance toward FID under our Galveston LNG project," said Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer. "The recently awarded multi-year contract for LNG for behind the meter power will be transformational for the Company," continued Crenshaw. "On an annualized basis, we expect this contract will represent approximately $100 million in revenue - more than our total, consolidated annual revenue in any year since our inception, with an anticipated contract commencement planned for the first quarter 2027. In addition to providing us longer-term demand certainty, this contract provides a definitive, high-value entry point into the data center power generation market, a key area of strategic focus for our organization. Looking ahead, 2027 is shaping up to be a historic year for Stabilis," concluded Crenshaw. "Given current contract commitments, customer indications of interest, and preliminary expectations for our Galveston LNG facility to be on-stream by year-end 2027, we're building steady momentum toward a positive inflection in our business, one guided by a continued focus on disciplined execution, financial conservatism, and a returns-driven approach toward capital allocation."

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