Stabilis Energy, Q3 2026 Earnings Call Transcript

Stabilis Energy’s third-quarter revenue rose 25% sequentially to $14.8 million and adjusted EBITDA reached $1.9 million, as deliveries under a short-term data-center power contract began. That contract ends in Q4, but the company expects meaningful revenue growth and a record year in 2027. Its roughly $200 million, multiyear LNG supply agreement is scheduled to start in mid-Q1 and ramp through Q3; preparations are on track and funded by customer advances. Management expects operating leverage and adjusted EBITDA margins to expand into the high teens as the contract scales, while emphasizing that it is not providing 2027 guidance.

Data-center opportunities remain robust across construction, commissioning, bridge power and long-term backup, with activity increasing most in backup and bridge power. Aerospace revenue grew 49% year over year, and Stabilis is discussing multiyear supply agreements with several space customers. The Galveston marine project remains a longer-term opportunity, but a final investment decision awaits sufficient offtake and financing; about 25% of planned capacity is committed.