Stabilis Anticipates 2026 Transition Year with $100 Million Contract Revenue
"Following the conclusion of customer contracts within our marine bunkering and power generation markets, we anticipate 2026 will be a transitional year for our organization as we prepare to support new, long-term customer agreements, while continuing to advance toward FID under our Galveston LNG project," said Casey Crenshaw, Executive Chairman and Interim President & Chief Executive Officer. "The recently awarded multi-year contract for LNG for behind the meter power will be transformational for the Company," continued Crenshaw. "On an annualized basis, we expect this contract will represent approximately $100 million in revenue - more than our total, consolidated annual revenue in any year since our inception, with an anticipated contract commencement planned for the first quarter 2027. In addition to providing us longer-term demand certainty, this contract provides a definitive, high-value entry point into the data center power generation market, a key area of strategic focus for our organization. Looking ahead, 2027 is shaping up to be a historic year for Stabilis," concluded Crenshaw. "Given current contract commitments, customer indications of interest, and preliminary expectations for our Galveston LNG facility to be on-stream by year-end 2027, we're building steady momentum toward a positive inflection in our business, one guided by a continued focus on disciplined execution, financial conservatism, and a returns-driven approach toward capital allocation."
