Stabilis Solutions SLNG Earnings Call Transcript

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Thursday, August 7, 2025 astatine 9 a.m. ET

• Executive Chairman — J. Casey Crenshaw

• Chief Financial Officer — Andrew Lewis Puhala

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J. Casey Crenshaw: Thank you, Andy, and bully greeting to everyone joining america connected the call. During the 2nd quarter, our teams were sharply focused connected operational execution and deepening our lawsuit relationships wrong our marine, aerospace and powerfulness procreation extremity markets, which, arsenic we've discussed before, are the astir promising semipermanent maturation opportunities for the company. Commercial discussions with some caller and long-standing customers are progressing good successful each 3 extremity markets. We are moving to unafraid semipermanent lawsuit commitments needed to turn the concern and let america to marque concern decisions connected capableness expansion. During the quarter, we saw gross and EBITDA alteration year-over-year, chiefly owed to the palmy completion of a large, short-duration concern task past year.

However, gross successful the 3 cardinal maturation extremity markets proceed to grow with marine, aerospace, and powerfulness procreation assemblage revenues up a combined 15% year-over-year, driven by an 83% summation successful aerospace revenues. In the archetypal fractional of the year, aerospace revenues person much than doubled from the aforesaid play successful 2024, and we expect maturation successful this assemblage to continue. In the marine sector, we proceed to execute good connected our Gulf Coast bunkering declaration with Carnival Cruise Lines. Growth successful the assemblage is babelike connected securing further semipermanent lawsuit contracts, including contracts that volition enactment our last concern determination for further liquefaction capableness connected the Gulf Coast.

We are pleased with our advancement connected respective imaginable LNG offtake agreements successful the marine sector. In our powerfulness procreation extremity market, we're seeing accrued involvement successful LNG arsenic a span and backup fueling solution to conscionable the rising electrical request from the information centers and different energy-intensive infrastructure. While this accidental remains successful its aboriginal stages, the projected semipermanent maturation successful energy request is creating a wide scope of usage cases for our LNG solutions. We are actively engaged with aggregate customers arsenic they research reliable, scalable options for distributed power. In conclusion, our strategical imaginativeness is clear, and Stabilis has important semipermanent maturation opportunities ahead.

We're gathering Stabilis into the starring supplier of past mile LNG solutions with a absorption connected becoming the spouse of prime for definite cardinal extremity markets. Our squad continues to execute against this vision, demonstrating operational excellence and generating beardown commercialized momentum on the way. We look guardant to updating you successful the coming months arsenic we finalize caller declaration awards. With that, I'll crook the telephone backmost implicit to Andy to reappraisal our fiscal show successful detail.