Stabilis solutions announces strong first quarter 2024 results

Houston, tx / accesswire / may 7, 2024 / stabilis solutions, inc., ("stabilis" or the "company") (nasdaq:slng), a leading provider of clean fueling, production, storage, and last mile delivery solutions for many of the world's most recognized, high-performance brands, today announced financial results for the first quarter ended march 31, 2024. first quarter performance highlights strong demand led to an 8% increase in lng volumes delivered and $1.5 million of net income, an increase of 36% on a year-over-year basis $3.9 million of cash flow from operations, an increase of $3.8 million on a year-over-year basis $12.6 million of cash and availability under our credit agreements and trailing twelve-month net leverage ratio of 0.1x as of march 31, 2024 management commentary "we delivered a strong first quarter performance, highlighted by new commercial wins and strong operational execution," stated westy ballard, president and chief executive officer.
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