Stabilis Solutions reported third quarter 2026 revenue of $14.8 million, representing a 27% year-over-year decline but a 25% sequential increase from the second quarter. The company returned to profitability with net income of $0.2 million, or $0.01 per share, meeting analyst expectations. Results were primarily driven by the ramp-up of a short-term data center commissioning contract and strong demand from the aerospace sector.
Key Highlights
- Data center-related revenue surged to 17% of total revenue, up from less than 1% in the second quarter of 2026.
- Aerospace segment revenue increased 49% year-over-year as commercial space launch and testing activity continues to scale.
- Adjusted EBITDA improved to $1.9 million, a significant recovery from $0.1 million in the preceding quarter.
- Management confirmed that the multi-year LNG supply contract for a major U.S. data center remains on track for a first quarter 2027 commencement.