Q1 2024 Stabilis Solutions Inc Earnings Call Transcript
Key Points
- Net income increased by 36% in the first quarter, demonstrating strong financial performance.
- LNG volumes sold increased by 8% compared to the previous year, indicating growing demand for their products.
- Generated nearly $4 million in operating cash flow in the first quarter, highlighting effective cash management.
- Secured a transformational marine bunkering supply contract and extended agreements with major customers, enhancing long-term stability.
- Liquefaction capacity is expected to be fully utilized through 2025, providing high visibility and predictability in operations.
- Dependence on third-party LNG supply networks could pose risks if disruptions or shortages occur.
- Seasonality affects financial performance, which could lead to fluctuations in quarterly results.
- The need to expand internal liquefaction capacity to meet growing demand could require significant capital expenditures.
- Relies on the development of infrastructure in strategic ports for bunkering operations, which may face regulatory and operational challenges.
- The market for LNG as a marine fuel is still developing, which could affect the pace of growth in the bunkering segment.
Good day, everyone, and welcome to the Stabilis Solutions first quarter 2024 earnings conference call. (Operator Instructions)
Now it is my pleasure to turn the floor over to our host, Andy Puhala, our Chief Financial Officer. Mr. Puhala, please go ahead.
Good morning, and welcome to Stabilis Solutions first quarter 2024 results conference call. I'm Andy Puhala, Senior Vice President and CFO of stability. And joining me today is our President and CEO, Westy Ballard. We issued a press release after the market close yesterday, detailing our first quarter operational and financial results. This release is publicly available in the Investor Relations section of our corporate website at stabilis-solutions.com.
Before we begin, I'd like to remind everyone that today's conference call will contain forward-looking statements within the meaning of the Private Securities Reform Act of 1995 and other securities laws. These forward-looking statements are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
