Filing Flows › Stabilis Solutions (SLNG) › Q1 2026
Stabilis Solutions (SLNG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Stabilis Solutions (SLNG) reported revenue of $10.4M for the first quarter 2026 (Q1 2026), -40% from a year earlier and -22% from the quarter before. Operating margin was -41.3%, net loss $4.1M (39.3% of revenue).
Stabilis Solutions, Q1 2026: revenue $10.4M (-40% year over year), operating margin -41.3%, net loss $4.1M, operating cash flow $12.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.4M | -22% | -40% |
| Operating profit | −$4.3M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | $12.4M | 19× | 12× |
| Free cash flow | $7.1M | — | 13× |
What changed
Revenue was $10.4M in Q1 2026, down 40% year over year and down 22% from the previous quarter. Natural Gas, Gathering, Transportation, Marketing and Processing was the largest line at 84% of revenue. Natural Gas, Gathering, Transportation, Marketing and Processing lost $5.2M year over year (down 38%), 75% of the total change.
Operating costs exceeded revenue by $4.3M, an operating margin of -41.3%. Total costs fell 24% while revenue fell 40%. The fastest-growing cost line was Other operating costs (+10%). The quarter ended with a net loss of $4.1M, wider than the previous quarter's $262K loss.
Operating cash flow was $12.4M (up 1111% year over year). Non-cash charges added back $1.8M of depreciation and amortization. Working capital and other items added $14.7M. Capital expenditures of $5.3M left free cash flow of $7.1M.
Questions
What was Stabilis Solutions' revenue in the first quarter 2026?
Stabilis Solutions (SLNG) reported revenue of $10.4M for the first quarter 2026 (Q1 2026), -40% from a year earlier and -22% from the quarter before.
Was Stabilis Solutions profitable in the first quarter 2026?
Operating loss was $4.3M (-41.3% of revenue) and net loss $4.1M.
Source: Stabilis Solutions 10-Q on SEC EDGAR.