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Stock impact report

Stabilis Solutions Announces Strong First Quarter 2024 Results [Yahoo! Finance]

Stabilis Solutions, Inc. (SLNG) 
Company Research Source: Yahoo! Finance
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 first quarter ended March 31, 2024. FIRST QUARTER PERFORMANCE HIGHLIGHTS Strong demand led to an 8% increase in LNG volumes delivered and $1.5 million of net income, an increase of 36% on a year-over-year basis $3.9 million of cash flow from operations, an increase of $3.8 million on a year-over-year basis $12.6 million of cash and availability under our credit agreements and trailing twelve-month net leverage ratio of 0.1x as of March 31, 2024 MANAGEMENT COMMENTARY "We delivered a strong first quarter performance, highlighted by new commercial wins and strong operational execution," stated Westy Ballard, President and Chief Executive Officer. "Our first quarter results benefited from customary seasonality in the northeast, and high utilization of our liquefaction capacity, resulting in improved fixed cos Show less Read more
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