Stabilis Solutions, Inc. (SLNG) Q1 2025 Earnings Call Transcript |
Stabilis Solutions, Inc. (NASDAQ:SLNG ) Q1 2025 Earnings Conference Call May 8, 2025 9:00 AM ET Company Participants Andrew Puhala - Senior Vice President, Chief Financial Officer & Secretary Casey Crenshaw - Interim President & Chief Executive Officer Conference Call Participants Martin Malloy - Johnson Rice Tate Sullivan - Maxim Group Andrew Puhala Good morning and welcome to Stabilis Solutions First Quarter 2025 Results Conference Call. I'm Andy Puhala, Senior Vice President and CFO of Stabilis. |
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2025-05-11 21:07:18 |
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Stabilis Solutions Announces First Quarter 2025 Results |
HOUSTON, TEXAS / ACCESS Newswire / May 7, 2025 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the first quarter ended March 31, 2025. FIRST QUARTER 2025 HIGHLIGHTS Revenues of $17.3 million Net loss of ($1.6) million Adjusted EBITDA of $2.1 million Cash flow from operations of $1.0 million $9.0 million of cash and $3.5 million of availability under credit agreements as of March 31, 2025 MANAGEMENT COMMENTARY "During the first quarter, our team continued to make progress on key business development initiatives that support the long-term expansion of our platform in high-growth end-markets," stated Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer. |
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2025-05-07 20:10:00 |
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Stabilis Solutions Announces First Quarter 2025 Conference Call and Webcast Date |
HOUSTON, TEXAS / ACCESS Newswire / April 24, 2025 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean fueling, production, storage, and last-mile delivery solutions for many of the world's most recognized, high-performance brands, today announced that it will issue first quarter 2025 results after the U.S. markets close on Wednesday, May 7, 2025. A conference call will be held on Thursday, May 8, 2025 at 9:00 a.m. |
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2025-04-24 12:00:00 |
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Stabilis Solutions, Inc (SLNG) Q4 2024 Earnings Call Transcript |
Stabilis Solutions, Inc (NASDAQ:SLNG ) Q4 2024 Results Conference Call February 26, 2025 9:00 AM ET Company Participants Andy Puhala - Senior Vice President, Chief Financial Officer & Secretary Casey Crenshaw - Interim President & Chief Executive Officer Conference Call Participants Martin Malloy - Johnson Rice Tate Sullivan - Maxim Group Barry Haimes - Sage Asset Management Spencer Lehman - Shareholder Operator Welcome to the Stabilis Solutions Fourth Quarter and Full Year 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Andy Puhala, Chief Financial Officer. |
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2025-02-26 17:21:03 |
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Stabilis Solutions Announces Fourth Quarter and Full Year 2024 Results |
HOUSTON, TEXAS / ACCESS Newswire / February 25, 2025 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (NASDAQ:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Net income of $2.1 million Adjusted EBITDA of $4.0 million Adjusted EBITDA margin of 23.2% Cash flow from operations of $2.2 million $9.0 million of cash and $4.3 million of availability under credit agreements as of December 31, 2024 FULL-YEAR 2024 HIGHLIGHTS Net income of $4.6 million Adjusted EBITDA of $11.8 million Adjusted EBITDA margin of 16.1% Cash flow from operations of $13.7 million MANAGEMENT COMMENTARY "Our fourth-quarter results marked the culmination of a strong year for Stabilis, a performance highlighted by year-over-year margin expansion, increased cash generation, and improved profitability," stated Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer. |
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2025-02-25 21:05:00 |
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Stabilis Solutions Announces Fourth Quarter and Full Year 2024 Conference Call and Webcast Date |
HOUSTON, TX / ACCESS Newswire / February 18, 2025 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean fueling, production, storage, and last-mile delivery solutions for many of the world's most recognized, high-performance brands, today announced that it will issue fourth quarter and full year 2024 results after the U.S. markets close on Tuesday, February 25, 2025. A conference call will be held on Wednesday, February 26, 2025 at 9:00 a.m. |
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2025-02-18 11:00:00 |
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Stabilis Solutions Announces Management Transition |
HOUSTON, TX / ACCESS Newswire / February 3, 2025 / Stabilis Solutions, Inc. ("Stabilis" or the "Company") (Nasdaq:SLNG), today announced the departure of President and CEO Westervelt T. "Westy" Ballard, Jr., effective January 31, 2025. |
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2025-02-03 11:00:00 |
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CSE Bulletin: Delist - SLANG Worldwide Inc. (SLNG) |
Toronto, Ontario--(Newsfile Corp. - Le 2 décembre/December 2024) - SLANG Worldwide Inc. (the "Company") has announced that the Company has filed an assignment into bankruptcy pursuant to Canada's Bankruptcy and Insolvency Act (the “Bankruptcy Proceedings”). The Company's common shares, currently halted, will be delisted from the CSE at market close today, December 2, 2024. |
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2024-12-02 14:33:00 |
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Stabilis Solutions, Inc. (SLNG) Q3 2024 Earnings Call Transcript |
Stabilis Solutions, Inc. (NASDAQ:SLNG ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Andy Puhala - Senior Vice President, Chief Financial Officer & Secretary Westy Ballard - President & Chief Executive Officer Conference Call Participants Martin Malloy - Johnson Rice Barry Haimes - Sage Asset Management Matt Dhane - Tieton Capital Management Operator Welcome to the Stabilis Solutions Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode. |
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2024-11-08 21:23:26 |
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Stabilis Solutions Announces Third Quarter 2024 Results |
HOUSTON, TX / ACCESSWIRE / November 6, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the third quarter ended September 30, 2024. THIRD QUARTER PERFORMANCE HIGHLIGHTS Strong customer demand supported by ratable long-term contractual agreements and improved plant utilization 22% increase in LNG sales volumes on a year-over-year basis Delivered positive net income, an improvement of $1.2 million on a year-over-year basis Adjusted EBITDA of $2.6 million, an increase of $2.0 million on a year-over-year basis $2.6 million of cash flow from operations, an increase of 73% on a year-over-year basis $15.6 million of cash and availability under credit agreements as of September 30, 2024 MANAGEMENT COMMENTARY "We continued to advance our multi-year business transformation strategy during the third quarter, culminating in significant year-over-year growth in revenue and profitability, together with increased balance sheet optionality to support further value creation," said Westy Ballard, President and Chief Executive Officer. |
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2024-11-06 19:00:00 |
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Stabilis Solutions Announces Third Quarter 2024 Conference Call and Webcast Date |
HOUSTON, TX / ACCESSWIRE / October 24, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (NASDAQ:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced that it will issue third quarter 2024 results after the U.S. markets close on Wednesday, November 6, 2024. A conference call will be held on Thursday, November 7, 2024 at 9:00 a.m. |
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2024-10-24 20:15:00 |
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SLANG Worldwide Enters into Waiver and Support Agreement with Secured Lenders in Anticipation of Upcoming Maturity Date |
Toronto, Ontario--(Newsfile Corp. - October 9, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has entered into a waiver and support agreement (the "Support Agreement") with, among others, the secured lenders (the "Lenders") under the Company's credit and guaranty agreement dated November 15, 2021, as amended (the "Credit Agreement") given the upcoming maturity date under the Credit Agreement of November 15, 2024 (the "Maturity Date"). Pursuant to the Support Agreement, the Lenders have agreed to a standstill and to not take any steps under the Credit Agreement, related guarantees and security documents until the earlier of: (i) the Maturity Date, and (ii) the occurrence of certain specified termination events, in exchange for a payment of US$1.75 million and enhanced reporting covenants from the Company during the term of the standstill period. |
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2024-10-09 13:11:00 |
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SLANG Worldwide Announces Resignation of Director |
Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), today announced that Todd Boudreau has resigned from the Company's Board of Directors as a result of other commitments, effective immediately. Mr. Boudreau was first elected to the Board in 2022. |
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2024-10-01 21:00:00 |
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SLANG Worldwide Announces Second Quarter 2024 Financial Results |
Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a cannabis consumer packaged goods (CPG) company, today released financial results for the three and six months ended June 30, 2024. All figures in this press release are stated in Canadian dollars unless otherwise noted. |
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2024-08-27 21:11:00 |
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Stabilis Solutions Announces Second Quarter 2024 Results |
HOUSTON, TX / ACCESSWIRE / August 7, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the second quarter ended June 30, 2024. SECOND QUARTER PERFORMANCE HIGHLIGHTS Strong demand and higher utilization at our Texas liquefaction plant led to a year-over-year increase of 45.3% in LNG volumes delivered and an improvement of $2.2 million in net income Record second quarter Adjusted EBITDA of $2.1 million, an increase of $2.2 million on a year-over-year basis $5.0 million of cash flow from operations, an increase of 32.3% on a year-over-year basis $15.9 million of cash and availability under our credit agreements with cash and cash equivalents exceeding debt outstanding resulting in a net cash positive balance sheet as of June 30, 2024 MANAGEMENT COMMENTARY "We delivered strong second quarter results due to the ongoing efforts of our entire team to transition our company into one of North America's largest providers of liquefied natural gas fueling, production, storage, and last mile delivery solutions. |
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2024-08-07 20:30:00 |
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Stabilis Solutions Announces Second Quarter 2024 Conference Call And Webcast Date |
HOUSTON, TX / ACCESSWIRE / July 30, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (NASDAQ:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced that it will issue second quarter 2024 results after the U.S. markets close on Wednesday, August 7, 2024. A conference call will be held on Thursday, August 8, 2024 at 9:00 a.m. |
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2024-07-30 12:30:00 |
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SLANG Worldwide Announces Director Resignation |
Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that Sandra Levy will be resigning from the Company's Board of Directors, effective immediately, to focus on other outside responsibilities and engagements. "On behalf of the Board of Directors and the executive management team, we want to express our sincere gratitude to Sandra for the many contributions she made over the years in her role as an independent director of SLANG," said Ruth Chun, Chair of the Board of SLANG. |
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2024-06-28 20:30:00 |
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SLANG Worldwide Announces First Quarter 2024 Financial Results |
Toronto, Ontario--(Newsfile Corp. - May 30, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released financial results for the three months ended March 31, 2024. All figures in this press release are stated in Canadian dollars unless otherwise noted. |
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2024-05-30 11:30:00 |
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SLANG Worldwide Announces First Quarter 2024 Conference Call Details |
Toronto, Ontario--(Newsfile Corp. - May 22, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its first quarter 2024 financial results and conference call. The Company plans to release its financial results for the quarter ended March 31, 2024, before markets open on May 30, 2024. |
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2024-05-22 11:30:00 |
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Stabilis Solutions, Inc. (SLNG) Q1 2024 Earnings Call Transcript |
Stabilis Solutions, Inc. (NASDAQ:SLNG ) Q1 2024 Earnings Conference Call May 8, 2024 ET Company Participants Westy Ballard - President and CEO Andy Puhala - Chief Financial Officer Conference Call Participants Martin Malloy - Johnson Rice William Dezellem - Tieton Capital Barry Haimes - Sage Asset Management Operator Good day, everyone, and welcome to the Stabilis Solutions' First Quarter 2024 Earnings Conference Call. [Operator Instructions] Now it is my pleasure to turn the floor over to our host, Andy Puhala, Chief Financial Officer. |
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2024-05-11 23:05:26 |
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Stabilis Solutions Announces Strong First Quarter 2024 Results |
HOUSTON, TX / ACCESSWIRE / May 7, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (NASDAQ:SLNG), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the first quarter ended March 31, 2024. FIRST QUARTER PERFORMANCE HIGHLIGHTS Strong demand led to an 8% increase in LNG volumes delivered and $1.5 million of net income, an increase of 36% on a year-over-year basis $3.9 million of cash flow from operations, an increase of $3.8 million on a year-over-year basis $12.6 million of cash and availability under our credit agreements and trailing twelve-month net leverage ratio of 0.1x as of March 31, 2024 MANAGEMENT COMMENTARY "We delivered a strong first quarter performance, highlighted by new commercial wins and strong operational execution," stated Westy Ballard, President and Chief Executive Officer. |
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2024-05-07 20:25:00 |
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Stabilis Solutions Announces Extension of LNG Fuel Contract in Support of Grid Resiliency |
HOUSTON, TX / ACCESSWIRE / April 30, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (NASDAQ:SLNG), a leading provider of clean fueling and power production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced the extension of its LNG supply agreement with a leading global provider of on-demand industrial power solutions, together with an update on Stabilis' role as a solutions provider of choice for peak load, intermittent, distributed, and emergency relief power needs across multiple industries. KEY HIGHLIGHTS Stabilis continues to enhance its role as a leading clean fuel and power solutions provider for behind-the-meter clean energy installations. |
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2024-04-30 12:30:00 |
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Stabilis Solutions Announces First Quarter 2024 Conference Call and Webcast Date |
HOUSTON, TX / ACCESSWIRE / April 24, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean energy production, storage, and delivery solutions, today announced that it will issue first quarter 2024 results after the U.S. markets close on Tuesday, May 7, 2024. A conference call will be held on Wednesday, May 8, 2024, at 9:00 a.m. |
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2024-04-24 12:30:00 |
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Stabilis Solutions To Become Major Supplier of High-Purity Rocket Propellant to Commercial Space Industry |
HOUSTON, TX / ACCESSWIRE / April 3, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (NASDAQ:SLNG), a leading provider of clean energy production, storage, and delivery solutions, today provided a business update highlighting expectations for increased, multi-year demand growth for high-purity LNG fuel from the commercial space launch market. AEROSPACE MARKET OPPORTUNITY U.S. rapidly becoming the global leader in commercial rocket launch activity. |
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2024-04-03 12:30:00 |
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Stabilis Solutions Announces Fourth Quarter and Full Year 2023 Results |
HOUSTON, TX / ACCESSWIRE / March 6, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean energy production, storage, and delivery solutions to multiple end markets, today announced financial results for the fourth quarter and full year ended December 31, 2023. PERFORMANCE HIGHLIGHTS Generated positive fourth quarter and full-year net income Delivered $6.7 million of cash flow from operations in full year 2023 More than $11.0 million of cash and available liquidity and net leverage ratio of 0.6x as of December 31, 2023 Commenced deliveries on previously announced multi-year LNG bunkering contract with Carnival Corporation Anticipate marine bunkering business to represent more than one-third of total revenue for the full year 2024 MANAGEMENT COMMENTARY "Our fourth quarter performance was a strong finish to an historic year for Stabilis," stated Westy Ballard, President and Chief Executive Officer. |
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2024-03-06 19:05:00 |
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Stabilis Solutions Announces Fourth Quarter and Full Year 2023 Conference Call and Webcast Date |
HOUSTON, TX / ACCESSWIRE / February 22, 2024 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (NASDAQ:SLNG), a leading provider of clean energy production, storage, and delivery solutions, today announced that it will issue fourth quarter and full year 2023 results after the U.S. markets close on Wednesday, March 6, 2024. A conference call will be held on Thursday, March 7, 2024 at 9:00 a.m. |
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2024-02-22 10:00:00 |
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Stabilis Solutions, Inc. (SLNG) Q3 2023 Earnings Call Transcript |
Stabilis Solutions, Inc. (NASDAQ:SLNG ) Q3 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants Andrew Puhala - Senior Vice President and Chief Financial Officer Westervelt Ballard - President and Chief Executive Officer Conference Call Participants Martin Malloy - Johnson Rice Jeffrey Grampp - Alliance Global Partners Barry Haimes - Sage Asset Management Operator Welcome to the Stabilis Solutions Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded. |
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2023-11-12 09:16:08 |
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