Stabilis Q3 revenue rises 25% from Q2 to $14.8 million, down 27% from year earlier
Stabilis Solutions reported third quarter 2026 revenue of $14.8 million, up 25% from the second quarter but down 27% from the third quarter of 2025, and net income of $0.2 million, or $0.01 per diluted share. Results improved sharply from the second quarter's net loss of $4.6 million, but remained below the prior year, when the company's large marine and power generation contracts were still active.
Key points
- Net income of $0.2 million ($0.01 per diluted share), compared with a net loss of $4.6 million in Q2 2026 and net income of $1.1 million ($0.06 per share) in Q3 2025.
- Adjusted EBITDA (non-GAAP) of $1.9 million, up from $0.1 million in Q2 2026 and down from $2.9 million in Q3 2025.
- Data center-related revenue reached 17% of total revenue in Q3 2026, versus less than 1% in Q2 2026.
- Data center LNG power generation contract remains on track to begin in Q1 2027; cash, cash equivalents and restricted cash were $18.4 million as of September 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.