Competition from alternative fuels
Customers can switch to diesel, propane, pipeline gas, or CNG if economics change.
- Scope
- Core LNG end markets
- Materiality
- high
Stabilis Solutions, Inc.
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.
26,4 %
−2,0 %
−6,9 %
1.30
1.26
| % | |
|---|---|
| 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. |
Stabilis sells to industrial and infrastructure customers that need LNG where pipeline gas is unavailable, interrupted,...
- Industrial and remote-energy customersprimary
Buy LNG supply and on-site support to replace diesel, propane, or pipeline gas where infrastructure is limited.
- Oil and gas and pipeline customersprimary
Use LNG for field operations, temporary fuel supply, and supplemental gas delivery.
- Marine bunkering customerssecondary
Buy LNG as a lower-emission marine fuel and for vessel fueling logistics.
- Mining, agriculture, and aerospace customerssecondary
Use LNG for mobile power, process energy, and site-specific fuel needs.
- Energy equipment customers in Chinaemerging
Through BOMAY, buy power and control systems for energy-related applications.
Stabilis operates primarily across the United States and has expanded its LNG service area into northern Mexico and...
- •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
Stabilis is focused on expanding its small-scale LNG footprint by investing in production and distribution assets and...
01
Expand LNG production and distribution capacitymedium-term
More assets increase reach, improve service reliability, and support new customer wins.
02
Grow into adjacent end marketsmedium-term
Diversifying applications reduces dependence on any single fuel or industry cycle.
03
Sell integrated LNG solutions rather than fuel aloneshort-term
Engineering and field support can improve customer adoption and retention.
04
Preserve operating reliability and safety
The business depends on safe handling of cryogenic fuel and contractor execution.
Stabilis depends on LNG economics versus competing fuels such as diesel, propane, pipeline gas, and CNG, so demand can...
Natural gas price and demand volatility
Lower gas prices or higher pipeline availability can reduce LNG demand.
- Scope
- Fuel sales and distribution volumes
- Materiality
- high
Safety, environmental, and regulatory risk
LNG handling is highly regulated and incidents can halt operations or increase costs.
- Scope
- Production, storage, trucking, and fueling
- Materiality
- high
Contractor and project execution risk
Liquefaction and infrastructure projects depend on third-party performance.
- Scope
- Asset buildout and maintenance
- Materiality
- high
Asset impairment risk
Goodwill and long-lived assets depend on future cash flow assumptions.
- Scope
- Balance sheet and earnings
- Materiality
- high
China joint venture exposure
BOMAY adds foreign operating and equity-method risk outside the core LNG business.
- Scope
- Equity-method investment
- Materiality
- medium
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
: 29.4.2026