Stabilis Solutions, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 10, 2023 at 04:46 pm EDT
Share
Stabilis Solutions, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 26.84 million compared to USD 20.27 million a year ago. Net income was USD 1.08 million compared to net loss of USD 0.406 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 0.02 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 0.02 a year ago. Basic earnings per share was USD 0.06 compared to basic loss per share of USD 0.02 a year ago.
Diluted earnings per share was USD 0.06 compared to diluted loss per share of USD 0.02 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. 
