Stabilis Solutions, Inc.
Stabilis Solutions, Inc. provides turnkey liquefied natural gas (LNG) production, storage, transportation, and fueling solutions for industrial and remote-energy applications. The company serves customers across North America and also holds a minority interest in a Chinese joint venture that builds power and control systems for the energy industry.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueSmall-scale liquefaction assets that produce LNG for customer supply and distribution.
Trailer, tank container, and fueling services that move LNG to end users and job sites.
Design, integration, commissioning, and on-site support for LNG applications.
Custom LNG infrastructure and related project development work for new deployments.
Results from the 40% owned BOMAY Electric Industries joint venture in China.
Products
Reported · share of revenue- Natural Gas Gathering Transportation Marketing and Processing83.8 %
- Rental7.8 %
- Services7.3 %
- Other1.0 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Stabilis sells to industrial and infrastructure customers that need LNG where pipeline gas is unavailable, interrupted, or uneconomic. Its end markets include aerospace, agriculture, marine bunkering, mining, oil and gas, pipeline support, remote power, and utilities. Customers buy LNG and related services to replace diesel, propane, CNG, or pipeline-delivered gas and to support mobile or off-grid operations.
Buy LNG supply and on-site support to replace diesel, propane, or pipeline gas where infrastructure is limited.
Use LNG for field operations, temporary fuel supply, and supplemental gas delivery.
Buy LNG as a lower-emission marine fuel and for vessel fueling logistics.
Use LNG for mobile power, process energy, and site-specific fuel needs.
Through BOMAY, buy power and control systems for energy-related applications.
Strategy
Stabilis is focused on expanding its small-scale LNG footprint by investing in production and distribution assets and by applying its operating know-how to new end markets. It also uses engineering and field support capabilities to make LNG adoption easier for customers, which helps deepen relationships beyond commodity fuel supply. The BOMAY joint venture adds a separate industrial equipment exposure outside the core North American LNG platform.
More assets increase reach, improve service reliability, and support new customer wins.
Diversifying applications reduces dependence on any single fuel or industry cycle.
Engineering and field support can improve customer adoption and retention.
The business depends on safe handling of cryogenic fuel and contractor execution.
Geography
Q2/2026Stabilis operates primarily across the United States and has expanded its LNG service area into northern Mexico and western Canada. Its business is tied to the location of liquefaction assets, trucking routes, and customer sites that lack pipeline access, so geography directly affects delivery economics and market reach. The company also has a separate equity-method presence in China through BOMAY.
Share of the revenue the company reports by geography.
Risks
Stabilis depends on LNG economics versus competing fuels such as diesel, propane, pipeline gas, and CNG, so demand can weaken if relative fuel prices or infrastructure availability change. Its business also relies on contractors, regulatory compliance, and safe operation of liquefaction and transport assets, which creates execution and safety risk. Asset impairment, internal control weaknesses, and exposure to the China joint venture add financial reporting and valuation risk.
Customers can switch to diesel, propane, pipeline gas, or CNG if economics change.
Exposure: Core LNG end markets
Lower gas prices or higher pipeline availability can reduce LNG demand.
Exposure: Fuel sales and distribution volumes
LNG handling is highly regulated and incidents can halt operations or increase costs.
Liquefaction and infrastructure projects depend on third-party performance.
Exposure: Asset buildout and maintenance
Goodwill and long-lived assets depend on future cash flow assumptions.
Exposure: Balance sheet and earnings
BOMAY adds foreign operating and equity-method risk outside the core LNG business.
Exposure: Equity-method investment
Accounting
Judgemental itemsLNG deliveries and service work may be recognized at different times depending on contract terms.
Impact: Affects quarterly revenue timing and comparability
Asset values depend on projected utilization, margins, and market conditions.
Impact: Can create non-cash charges to earnings
BOMAY results are not consolidated and are recorded through equity earnings.
Impact: Changes reported net income without changing revenue
Public-company reporting and valuation estimates require strong controls and assumptions.
Impact: Can affect reliability of reported results
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Last updated: 29/04/2026