Stabilis solutions announces second quarter 2024 results

Houston, tx / accesswire / august 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 second quarter ended june 30, 2024. second quarter performance highlights strong demand and higher utilization at our texas liquefaction plant led to a year-over-year increase of 45.3% in lng volumes delivered and an improvement of $2.2 million in net income record second quarter adjusted ebitda of $2.1 million, an increase of $2.2 million on a year-over-year basis $5.0 million of cash flow from operations, an increase of 32.3% on a year-over-year basis $15.9 million of cash and availability under our credit agreements with cash and cash equivalents exceeding debt outstanding resulting in a net cash positive balance sheet as of june 30, 2024 management commentary "we delivered strong second quarter results due to the ongoing efforts of our entire team to transition our company into one of north america's largest providers of liquefied natural gas fueling, production, storage, and last mile delivery solutions.
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