Filing Flows › Stabilis Solutions (SLNG) › Q3 2025
Stabilis Solutions (SLNG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Stabilis Solutions (SLNG) reported revenue of $20.3M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +17% from the quarter before. Operating margin was 3.9%, net earnings $1.1M (5.5% of revenue).
Stabilis Solutions, Q3 2025: revenue $20.3M (+15% year over year), operating margin 3.9%, net earnings $1.1M, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.3M | +17% | +15% |
| Operating profit | $793K | — | +197% |
| Net earnings | $1.1M | — | +12% |
| Operating cash flow | $2.4M | -47% | -6% |
What changed
Revenue was $20.3M in Q3 2025, up 15% year over year and up 17% from the previous quarter. Natural Gas, Gathering, Transportation, Marketing and Processing was the largest line at 86% of revenue. Natural Gas, Gathering, Transportation, Marketing and Processing added $3.3M year over year (up 23%), 121% of the total change. Service declined 26%.
Operating profit was $793K, a 3.9% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 2% margin then. Total costs grew 13% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $1.1M, up 12% year over year. The effective tax rate was 0.1%. Non-operating items added $327K, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.4M (down 6% year over year), 214% of net earnings. Non-cash charges added back $1.8M of depreciation and amortization. Working capital and other items used $567K. Capital expenditures of $3.9M exceeded it, leaving free cash flow of −$1.5M.
Questions
What was Stabilis Solutions' revenue in the third quarter 2025?
Stabilis Solutions (SLNG) reported revenue of $20.3M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +17% from the quarter before.
Was Stabilis Solutions profitable in the third quarter 2025?
Operating profit was $793K (3.9% of revenue) and net earnings $1.1M.
Source: Stabilis Solutions 10-Q on SEC EDGAR.