Profile
Sector:
EnergyIndustry:
Oil & Gas IntegratedCountry:
United StatesIPO:
16 May 2007Next earnings report:
06 March 2025Last dividends:
N/ANext dividends:
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regular market | Wed, 20 Nov 2024 14:30:00 GMTDividend
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SLNG Latest News
Stabilis Solutions, Inc. (NASDAQ:SLNG ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Andy Puhala - Senior Vice President, Chief Financial Officer & Secretary Westy Ballard - President & Chief Executive Officer Conference Call Participants Martin Malloy - Johnson Rice Barry Haimes - Sage Asset Management Matt Dhane - Tieton Capital Management Operator Welcome to the Stabilis Solutions Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode.
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.
Toronto, Ontario--(Newsfile Corp. - October 9, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has entered into a waiver and support agreement (the "Support Agreement") with, among others, the secured lenders (the "Lenders") under the Company's credit and guaranty agreement dated November 15, 2021, as amended (the "Credit Agreement") given the upcoming maturity date under the Credit Agreement of November 15, 2024 (the "Maturity Date"). Pursuant to the Support Agreement, the Lenders have agreed to a standstill and to not take any steps under the Credit Agreement, related guarantees and security documents until the earlier of: (i) the Maturity Date, and (ii) the occurrence of certain specified termination events, in exchange for a payment of US$1.75 million and enhanced reporting covenants from the Company during the term of the standstill period.
Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), today announced that Todd Boudreau has resigned from the Company's Board of Directors as a result of other commitments, effective immediately. Mr. Boudreau was first elected to the Board in 2022.
Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a cannabis consumer packaged goods (CPG) company, today released financial results for the three and six months ended June 30, 2024. All figures in this press release are stated in Canadian dollars unless otherwise noted.
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.
Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that Sandra Levy will be resigning from the Company's Board of Directors, effective immediately, to focus on other outside responsibilities and engagements. "On behalf of the Board of Directors and the executive management team, we want to express our sincere gratitude to Sandra for the many contributions she made over the years in her role as an independent director of SLANG," said Ruth Chun, Chair of the Board of SLANG.
Toronto, Ontario--(Newsfile Corp. - May 30, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released financial results for the three months ended March 31, 2024. All figures in this press release are stated in Canadian dollars unless otherwise noted.
Stabilis Solutions, Inc. (NASDAQ:SLNG ) Q3 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants Andrew Puhala - Senior Vice President and Chief Financial Officer Westervelt Ballard - President and Chief Executive Officer Conference Call Participants Martin Malloy - Johnson Rice Jeffrey Grampp - Alliance Global Partners Barry Haimes - Sage Asset Management Operator Welcome to the Stabilis Solutions Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded.
What type of business is Stabilis Solutions?
Stabilis Solutions, Inc., together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets. It also provides engineering and field support services, as well as rents cryogenic equipment. The company was founded in 2013 and is headquartered in Houston, Texas. Stabilis Solutions, Inc. is a subsidiary of LNG Investment Company LLC.
What sector is Stabilis Solutions in?
Stabilis Solutions is in the Energy sector
What industry is Stabilis Solutions in?
Stabilis Solutions is in the Oil & Gas Integrated industry
What country is Stabilis Solutions from?
Stabilis Solutions is headquartered in United States
When did Stabilis Solutions go public?
Stabilis Solutions initial public offering (IPO) was on 16 May 2007
What is Stabilis Solutions website?
https://www.stabilis-solutions.com
Is Stabilis Solutions in the S&P 500?
No, Stabilis Solutions is not included in the S&P 500 index
Is Stabilis Solutions in the NASDAQ 100?
No, Stabilis Solutions is not included in the NASDAQ 100 index
Is Stabilis Solutions in the Dow Jones?
No, Stabilis Solutions is not included in the Dow Jones index
When was Stabilis Solutions the previous earnings report?
No data
When does Stabilis Solutions earnings report?
The next expected earnings date for Stabilis Solutions is 06 March 2025