Stabilis Solutions Inc. (NASDAQ:SLNG) fell more than 15% to $3.65 in after-hours trading on Wednesday after the company reported weaker first-quarter 2026 results and a wider quarterly loss.
The LNG infrastructure and fuel delivery company reported first-quarter revenue of $10.4 million, down 40.2% year-over-year. Net loss widened to $4.1 million, or $0.22 per share, compared to a loss of $1.6 million, or $0.09 per share, in the prior-year quarter.
What Does Q1 Data Say?
Stabilis said the revenue decline primarily reflected the completion of contracts in the marine and power generation sectors late last year. The company also reported adjusted EBITDA loss of $0.7 million for the quarter, compared to positive adjusted EBITDA of $2.1 million a year earlier.
Operating cash flow rose to $12.4 million during the quarter, supported by approximately $15.0 million in advance customer payments tied to a long-term LNG supply agreement expected to begin in early 2027.
The …
