Stabilis Solutions, Inc. Provides Earnings Guidance for the Fourth Quarter Ended December 31, 2020
February 18, 2021 at 03:22 pm EST
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Stabilis Solutions, Inc. provided earnings guidance for the fourth quarter ended December 31, 2020. For the quarter, the company expects revenues to be in range of $13.5 million to $13.8 million an increase of 8% to 11% compared to fourth quarter 2019 revenue of $12.5 million. The company’s anticipated fourth quarter revenue is also a 170% to 176% increase compared to the year’s revenue low point in the second quarter of 2020 of $5.0 million, demonstrating sustained improvement throughout the year despite the economic challenges imposed by the COVID-19 pandemic.
Stabilis Solutions, Inc. and its subsidiaries is an energy transition company. The Company provides turnkey clean energy production, storage, transportation and fueling solutions primarily using liquefied natural gas (LNG) to multiple end markets. The Company provides liquefied natural gas (LNG) solutions to customers in diverse end markets, including aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets. It builds and operates cryogenic natural gas processing facilities, called liquefiers, which convert natural gas into LNG through a purification and multiple stage cooling process. It owns and operates a liquefier that can produce up to 100,000 LNG gallons per day in George West, Texas and a liquefier that can produce up to 30,000 LNG gallons per day in Port Allen, Louisiana. It offers its customers a virtual natural gas pipeline by providing turnkey LNG transportation and logistics services in North America.
STABILIS SOLUTIONS, INC. 
