Stabilis Solutions, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 06, 2024 at 05:11 pm EST
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Stabilis Solutions, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 18.05 million compared to USD 29.59 million a year ago. Net income was USD 1.42 million compared to net loss of USD 0.335 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.01 a year ago. Basic earnings per share was USD 0.08 compared to basic loss per share of USD 0.02 a year ago. Diluted earnings per share was USD 0.08 compared to diluted loss per share of USD 0.02 a year ago.
For the full year, the company reported sales was USD 73.11 million compared to USD 98.82 million a year ago. Net income was USD 0.125 million compared to net loss of USD 3.19 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.07 a year ago. Basic earnings per share was USD 0.01 compared to basic loss per share of USD 0.17 a year ago. Diluted earnings per share was USD 0.01 compared to diluted loss per share of USD 0.17 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. 
