Stabilis Solutions

What Stabilis Solutions does

Stabilis Solutions, Inc. (NASDAQ: SLNG) is a Houston-based small-scale LNG production and distribution company operating across North America, including the United States, Mexico, and Canada. The company owns and operates two PHMSA-permitted LNG production facilities in George West, Texas and Port Allen, Louisiana with combined production capacity exceeding 130,000 gallons per day, supported by a 30+ point supply network and a fleet of 150+ cryogenic transport assets for last-mile delivery. The company has delivered over 550 million LNG gallons to date and is also developing a 350,000 gallon-per-day LNG liquefaction and bunkering facility at the Port of Galveston, Texas, with FEL-3 engineering design completed and long-lead equipment secured, though Final Investment Decision is pending following the March 2026 termination of two anchor offtake agreements (Carnival Corporation and an investment-grade global marine operator). The company is publicly traded on NASDAQ with approximately 72.2% insider ownership and a modest institutional base of approximately 3.8%.

The company's business model combines infrastructure ownership with B2B enterprise sales, generating revenue through LNG supply and distribution contracts (including multi-year take-or-pay arrangements), vessel time charters (e.g., a 730-day charter for the Seaspan Garibaldi at $32,400 per day), and ancillary services. End markets served include industrial and commercial, oil and gas exploration and production, mining and extraction, remote and temporary power generation, marine bunkering, aerospace, pipeline and utility, and — most recently — data center behind-the-meter power generation, where a landmark $200 million, 2-year take-or-pay LNG supply contract was secured for delivery commencing Q1 2027 and expected to generate approximately $100 million in annualized revenue.

FY2025 revenue was $68.2 million, down from the prior year due to the conclusion of two large multi-year contracts that had accounted for 19% and 32% of 2025 revenue, respectively. Q1 2026 revenue was $10.4 million, a 40.2% year-over-year decline, reflecting the contract roll-off. The company completed a follow-on at-the-market equity offering of approximately $10.147 million in 2026 to support corporate purposes. With high insider ownership, a clear large-customer revenue catalyst in 2027, but recent offtake terminations and a sharp near-term revenue decline, the company sits at a transition point with execution and financing risk on the Galveston project.

Name

Stabilis Solutions

Legal name

Stabilis Solutions, Inc.

Website

https://stabilisenergy.com

Company type

Public

Operating status

Operating

Short description

Stabilis Solutions is a Houston-based, NASDAQ-listed (SLNG) small-scale LNG producer and distributor operating two PHMSA-permitted facilities with 130,000+ gallons per day combined capacity, a 30+ point supply network, and a 150+ asset cryogenic fleet, serving industrial, oil and gas, mining, power generation, marine, and data center customers across North America.

Ownership category

akta.pro rank

Product category

Small-Scale LNG Supply and Distribution

NAICS

Natural Gas Distribution (22121)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

LNG Liquefaction Plants (Onshore & FLNG) (EUALAFAA)

akta.pro secondary industries

LNG Midstream Services & Logistics (Reloading, Transshipment, Breakbulk) (EUALAFAG), LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG) (EUALAFAD), LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting) (EUALAFAI)

Keywords

• Small-scale LNG production
• LNG distribution services
• Cryogenic fuel delivery
• Industrial LNG supply
• Marine LNG bunkering

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. LNG Supply and Distribution: Sale and delivery of LNG to industrial, commercial, marine, and power generation customers. Revenue is generated through supply contracts with varying terms, including take-or-pay arrangements and spot sales. The company operates its own production facilities and distribution network to deliver LNG across North America.
2. Long-term Take-or-Pay LNG Supply Agreements: Multi-year take-or-pay contracts guaranteeing revenue regardless of actual delivery. The company secured a landmark $200 million, 2-year take-or-pay LNG supply agreement for data center behind-the-meter power generation commencing Q1 2027, representing more than the company's total annual revenue in any prior year.
3. Vessel Time Charter: Time charter agreement for LNG bunkering vessel Seaspan Garibaldi at $32,400 per day for 730 days, plus positioning fees and options to extend or purchase the vessel.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Stabilis Solutions produces, distributes, and delivers small-scale liquefied natural gas (LNG) to industrial, utility, marine, mining, oil & gas, aerospace, and power generation customers across North America. The company operates two PHMSA-permitted LNG production facilities in George West, TX and Port Allen, LA with combined capacity exceeding 130,000 gallons per day, and leverages a 30+ point supply network and fleet of 150+ cryogenic assets for direct last-mile delivery. Its offerings include turnkey LNG supply, pipeline outage support, gas utility peak shaving, remote and temporary power generation, and marine bunkering.

Product overview

Stabilis Solutions is a turnkey LNG solutions provider operating a platform-based model with owned LNG production and distribution infrastructure. The company operates two PHMSA-permitted facilities in George West, TX and Port Allen, LA with over 130,000 gallons per day capacity, supported by a 30+ point supply network across North America. The core offerings span LNG Supply and Distribution, Pipeline Outage Solutions, Gas Utility Peak Shaving, Commercial & Industrial, Exploration & Production, Mining & Extraction, Remote Power Generation, Marine Bunkering, and Stabilis Mexico services. Major infrastructure projects include the Galveston LNG Liquefaction Facility, while new growth areas include Data Center Behind-the-Meter Power Generation. The company also provides an LNG Calculator tool. With over 550 million LNG gallons delivered to date and a fleet of over 150+ cryogenic equipment assets, Stabilis serves customers across the U.S., Mexico, and Canada.

Differentiator

Problem solved

Functional benefit

Products and services

• LNG Supply and Distribution
• Pipeline Outage Solutions
• Gas Utility Peak Shaving Peak shaving service for gas utilities to manage high-demand periods via LNG storage and on-demand delivery, supplementing pipeline gas during peak loads.
• Commercial and Industrial LNG Solutions LNG supply for commercial and industrial customers seeking lower-emission, cost-effective fuel for process heating, manufacturing, and facility operations as an alternative to diesel or other conventional fuels.
• Exploration and Production LNG Support LNG fuel supply for upstream oil and gas exploration and production operators, supporting wellsite power, compression fuel, and remote field operations.
• Mining and Extraction LNG Solutions LNG supply for mining and resource extraction customers as a clean alternative to diesel for heavy equipment, haul trucks, and processing facilities in remote locations.
• Remote and Temporary Power Generation Mobile LNG-powered generation solutions providing electricity for remote locations and temporary power needs where grid access is unavailable or insufficient.
• Marine Bunkering LNG supply for marine vessels including cruise ships and commercial maritime operators, providing clean marine fuel compliant with IMO 2020 and similar emissions regulations, including planned Jones Act-compliant bunkering vessel operations at Port of Galveston.
• Stabilis Mexico Licensed LNG supply service delivering to industrial and other customers in Mexico, supported by local sales and technical personnel for cross-border energy logistics.
• Data Center Behind-the-Meter Power Generation LNG supply service for behind-the-meter power generation at U.S. data centers, anchored by a landmark $200 million, 2-year take-or-pay contract for a single customer commencing Q1 2027.
• Galveston LNG Liquefaction Facility Planned LNG liquefaction and bunkering facility at Port of Galveston, Texas with capacity of 350,000 gallons per day, intended to anchor marine bunkering and contracted offtake supply.
• Seaspan Garibaldi LNG Bunkering Vessel Charter Jones Act-compliant LNG bunkering vessel chartered from Seaspan Energy for marine bunkering operations at Port of Galveston, with options to extend for one year and purchase the vessel for $60 million.
• LNG Calculator Online calculator tool for prospective customers to estimate LNG fuel requirements and unit conversions.

Quantifiable outcome

• 130,000+ gallons per day combined LNG production capacity from owned facilities
• +4 more outcomes

Named customers3 records

Segments9 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Seaspan EnergycoreOthers · 12 December 2025Time charter agreement executed by Stabilis GDS, Inc. (a wholly-owned subsidiary) for the LNG bunkering vessel Seaspan Garibaldi at $32,400 per day for 730 days with delivery expected around March 1, 2026. Agreement includes options to extend for one year and purchase the vessel for $60 million. Includes positioning fee of approximately $1 million to move vessel from western Canada to Galveston, Texas.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• New Fortress Energy: Operates small-scale LNG liquefaction and supply infrastructure serving industrial, power generation, and marine customers globally. Highly comparable to Stabilis in business model of owned production plus distribution to offtakers, though at larger scale and broader geographic footprint.
• Excelerate Energy: Operates floating LNG regasification terminals (FSRUs) and provides integrated LNG import and supply solutions, including small-scale LNG distribution. Comparable through LNG infrastructure development and downstream supply services, particularly relevant given Stabilis's marine bunkering and planned Galveston terminal.
• Clean Energy Fuels: Provides renewable natural gas and conventional natural gas (LNG/CNG) fueling solutions for transportation, industrial, and power customers across North America. Comparable as a downstream LNG/CNG distributor serving fleet and industrial customers, though it focuses on RNG and transportation rather than pure small-scale LNG liquefaction.
• Chart Industries: Designs and manufactures cryogenic equipment, LNG storage and regasification systems, and small-scale LNG plant technology used by producers and distributors. Comparable as an LNG value chain participant supplying equipment and technology to operators like Stabilis, with overlap on small-scale LNG infrastructure.

Broad incumbents

• Cheniere Energy: Largest U.S. LNG exporter with large-scale liquefaction facilities at Sabine Pass and Corpus Christi. Comparable as a North American LNG infrastructure operator, though at materially larger scale and focused on export rather than small-scale domestic distribution.
• Tellurian: Developed the Driftwood LNG export project and proposed small-scale LNG production assets. Comparable as a U.S.-focused LNG developer and producer, with relevant exposure to small-scale LNG production technology.
• Kinder Morgan: Major North American midstream operator with natural gas pipelines, LNG terminals, and storage assets. Comparable as a gas infrastructure operator with LNG-related services, particularly for pipeline outage and peak shaving customer segments that overlap with Stabilis.

Emerging players

• Plug Power: Hydrogen and fuel cell solutions company increasingly positioning into LNG-to-power and behind-the-meter applications. Comparable at the level of clean fuel for industrial and stationary power generation use cases, though its primary technology is hydrogen rather than LNG.
• Pilot LNG: Developer of small-scale LNG bunkering infrastructure serving marine customers along the U.S. Gulf Coast. Comparable as a focused small-scale LNG infrastructure developer targeting marine bunkering, directly overlapping with Stabilis's Galveston and Seaspan Garibaldi strategy.

Others

• World Kinect (World Fuel Services): Global energy marketer and distributor supplying marine, aviation, and land transportation fuels, including LNG bunker fuels. Comparable as a downstream distributor and marketer of marine and industrial fuels, with growing LNG bunkering exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stabilis Solutions