Filing Flows › Stabilis Solutions (SLNG) › Q1 2025
Stabilis Solutions (SLNG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Stabilis Solutions (SLNG) reported revenue of $17.3M for the first quarter 2025 (Q1 2025), -12% from a year earlier and +0.2% from the quarter before. Operating margin was -11.9%, net loss $1.6M (9.2% of revenue).
Stabilis Solutions, Q1 2025: revenue $17.3M (-12% year over year), operating margin -11.9%, net loss $1.6M, operating cash flow $1.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.3M | +0.2% | -12% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$1.6M | — | — |
| Operating cash flow | $1.0M | -53% | -74% |
| Free cash flow | $538K | — | -82% |
What changed
Revenue was $17.3M in Q1 2025, down 12% year over year and roughly flat from the previous quarter. Natural Gas, Gathering, Transportation, Marketing and Processing was the largest line at 80% of revenue. Natural Gas, Gathering, Transportation, Marketing and Processing lost $1.5M year over year (down 10%), 60% of the total change.
Operating costs exceeded revenue by $2.1M, an operating margin of -11.9%. Total costs grew 5% against a revenue fall of 12%. The fastest-growing cost line was SG&A (+43%). The quarter ended with a net loss of $1.6M, after a profit of $2.1M the previous quarter. Non-operating items added $377K, -22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.0M (down 74% year over year). Non-cash charges added back $1.9M of depreciation and amortization and $447K of share-based compensation. Working capital and other items added $309K. Capital expenditures of $487K left free cash flow of $538K.
Questions
What was Stabilis Solutions' revenue in the first quarter 2025?
Stabilis Solutions (SLNG) reported revenue of $17.3M for the first quarter 2025 (Q1 2025), -12% from a year earlier and +0.2% from the quarter before.
Was Stabilis Solutions profitable in the first quarter 2025?
Operating loss was $2.1M (-11.9% of revenue) and net loss $1.6M.
Source: Stabilis Solutions 10-Q on SEC EDGAR.