# Stabilis Solutions, Inc. > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/Stabilis Solutions, Inc.). ## Overview 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. ## Products & services • Small-scale LNG production and liquefaction • LNG storage, transportation, and fueling solutions • Engineering and field support services • Cryogenic engineering and project development • Power and control systems via Chinese joint venture - **LNG production and liquefaction** (45%) — Small-scale liquefaction assets that produce LNG for customer supply and distribution. - **LNG transportation and fueling** (30%) — Trailer, tank container, and fueling services that move LNG to end users and job sites. - **Engineering and field support services** (15%) — Design, integration, commissioning, and on-site support for LNG applications. - **Project development and cryogenic solutions** (5%) — Custom LNG infrastructure and related project development work for new deployments. - **Equity-method joint venture income** (5%) — Results from the 40% owned BOMAY Electric Industries joint venture in China. - Small-scale LNG production and liquefaction - LNG storage, transportation, and fueling solutions - Engineering and field support services - Cryogenic engineering and project development - Power and control systems via Chinese joint venture ## 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. - **Industrial and remote-energy customers** (primary) — Buy LNG supply and on-site support to replace diesel, propane, or pipeline gas where infrastructure is limited. - **Oil and gas and pipeline customers** (primary) — Use LNG for field operations, temporary fuel supply, and supplemental gas delivery. - **Marine bunkering customers** (secondary) — Buy LNG as a lower-emission marine fuel and for vessel fueling logistics. - **Mining, agriculture, and aerospace customers** (secondary) — Use LNG for mobile power, process energy, and site-specific fuel needs. - **Energy equipment customers in China** (emerging) — Through BOMAY, buy power and control systems for energy-related applications. - Industrial users needing LNG for process heat or backup fuel - Remote power and utility customers without reliable pipeline access - Oil and gas and pipeline customers needing temporary gas supply - Marine bunkering customers using LNG as a vessel fuel - Mining, agriculture, and aerospace sites with mobile energy needs ## Geography Stabilis 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. - **United States** (80%) — Primary LNG production, storage, transportation, and customer delivery market - **Canada** (10%) — Western Canada service area for LNG distribution - **Mexico** (5%) — Northern Mexico service area for LNG distribution - **China** (5%) — Equity-method joint venture exposure through BOMAY - United States is the core operating market for LNG production and delivery - Northern Mexico and western Canada extend the small-scale LNG footprint - Customer sites are often remote or off-pipeline, making logistics critical - China exposure comes through the BOMAY joint venture, not core LNG ops ## 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. - **Expand LNG production and distribution capacity** (medium-term) — More assets increase reach, improve service reliability, and support new customer wins. - **Grow into adjacent end markets** (medium-term) — Diversifying applications reduces dependence on any single fuel or industry cycle. - **Sell integrated LNG solutions rather than fuel alone** (short-term) — Engineering and field support can improve customer adoption and retention. - **Preserve operating reliability and safety** (ongoing) — The business depends on safe handling of cryogenic fuel and contractor execution. - Expand small-scale LNG assets across North America - Use operating experience to enter new end markets - Bundle LNG supply with engineering and field support - Leverage cryogenic and project-development capabilities - Maintain optionality through the BOMAY joint venture in China ## 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. - **Competition from alternative fuels** [high] — Customers can switch to diesel, propane, pipeline gas, or CNG if economics change. - **Natural gas price and demand volatility** [high] — Lower gas prices or higher pipeline availability can reduce LNG demand. - **Contractor and project execution risk** [medium] — Liquefaction and infrastructure projects depend on third-party performance. - **Safety, environmental, and regulatory risk** [high] — LNG handling is highly regulated and incidents can halt operations or increase costs. - **Asset impairment risk** [medium] — Goodwill and long-lived assets depend on future cash flow assumptions. - **China joint venture exposure** [medium] — BOMAY adds foreign operating and equity-method risk outside the core LNG business. - LNG competes with diesel, propane, pipeline gas, and CNG - Demand can weaken if natural gas prices or pipeline access change - Operations depend on contractors for project completion and uptime - Safety and regulatory failures could disrupt production or transport - Goodwill and long-lived assets may be impaired if cash flows fall - Internal control and reporting weaknesses can affect investor confidence ## Accounting The most important accounting judgments are revenue recognition for LNG supply and service arrangements, and the timing of service revenue tied to engineering and field support work. Investors should also watch impairment testing for goodwill and long-lived assets, since the business depends on future utilization of liquefaction and distribution assets. The BOMAY investment is accounted for under the equity method, so its results affect earnings differently from consolidated operations. - **Revenue recognition** — Affects quarterly revenue timing and comparability - **Goodwill and long-lived asset impairment** — Can create non-cash charges to earnings - **Equity-method investment accounting** — Changes reported net income without changing revenue - **Internal control and estimate judgments** — Can affect reliability of reported results - Revenue recognition for LNG supply and service contracts - Timing of service revenue from engineering and field support work - Goodwill impairment testing based on future cash flow assumptions - Long-lived asset recoverability for liquefaction and transport assets - Equity-method accounting for the BOMAY joint venture --- *Last updated: 2026-04-29T05:00:01.109828+00:00*