Stabilis solutions announces third quarter 2024 results

Houston, tx / accesswire / november 6, 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 third quarter ended september 30, 2024. third quarter performance highlights strong customer demand supported by ratable long-term contractual agreements and improved plant utilization 22% increase in lng sales volumes on a year-over-year basis delivered positive net income, an improvement of $1.2 million on a year-over-year basis adjusted ebitda of $2.6 million, an increase of $2.0 million on a year-over-year basis $2.6 million of cash flow from operations, an increase of 73% on a year-over-year basis $15.6 million of cash and availability under credit agreements as of september 30, 2024 management commentary "we continued to advance our multi-year business transformation strategy during the third quarter, culminating in significant year-over-year growth in revenue and profitability, together with increased balance sheet optionality to support further value creation," said westy ballard, president and chief executive officer.
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