Stabilis Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 07:45 pm EDT
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Stabilis Solutions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 25.82 million compared to USD 17.78 million a year ago. Net loss was USD 0.277 million compared to USD 4.63 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to diluted loss per share from continuing operations of USD 0.26 a year ago. Basic loss per share was USD 0.02 compared to USD 0.26 a year ago. Diluted loss per share was USD 0.01 compared to USD 0.26 a year ago.
For the nine months, sales was USD 69.24 million compared to USD 48.29 million a year ago. Net loss was USD 2.85 million compared to USD 5.45 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.31 a year ago. Basic loss per share was USD 0.16 compared to USD 0.32 a year ago. Diluted loss per share was USD 0.16 compared to USD 0.32 a year ago.
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. 
