Stabilis (SLNG) Q1 2025 Earnings Call Transcript

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Tue, January 27, 2026 astatine 9:12 AM CST 12 min read

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Thursday, May 8, 2025 astatine 9 a.m. ET

• President & Chief Executive Officer — Casey Crenshaw

• Chief Financial Officer — Andrew Puhala

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Casey Crenshaw: Thank you, Andy and bully greeting to everyone joining america connected the call. Our archetypal 4th results bespeak the continued execution of our strategy to prosecute semipermanent maturation crossed our halfway extremity markets, including marine bunkering, aerospace, powerfulness generation. These markets are supported by important multiyear request ranging from rising distant powerfulness needs and marine substance transitions to the maturation of commercialized abstraction industry. Revenue and adjusted EBITDA declined this quarter, chiefly owed to planned downtime with a cardinal marine bunkering lawsuit and the palmy completion of a large short-duration concern task successful the 3rd 4th of past year. While these factors impact -- affected our near-term results, they bash not bespeak the underlying momentum successful our business.

Revenue successful our marine and aerospace markets grew by much than 13% year-over-year, driven chiefly by accrued enactment with a large aerospace customer. We proceed to beforehand commercialized discussions crossed each of our extremity markets, some with caller customers and long-standing partners. Our strategy remains focused connected expanding our presumption arsenic the starring small-scale LNG supplier wrong these high-growth sectors, wherever entree to accepted LNG proviso infrastructure is limited. Looking ahead, we're actively positioning the concern to standard alongside our customers by making targeted operating disbursal investments successful our commercial, method and operations teams to enactment aboriginal growth. These growth-focused costs are afloat reflected successful our results, yet we proceed to make accordant affirmative operating currency flow.

As we unafraid further contracts, we program to grow our footprint to conscionable increasing demand. In a mode the imaginable enlargement of our liquefaction capableness successful South Texas and on the Gulf Coast. While nary last concern determination has been made, this remains a cardinal archetypal portion of our semipermanent maturation strategy. In the adjacent term, we expect dependable utilization and request nether existing contracts with upside imaginable arsenic we person caller opportunities into signed agreements. Changes successful U.S. commercialized argumentation and tariff regimes are not expected to straight interaction our business. Approximately [indiscernible] from U.S. based customers utilizing domestically sourced earthy gas. From a superior allocation standpoint, we stay focused connected maintaining a beardown equilibrium expanse and liquidity position.