Stabilis (SLNG) posted adjusted EBITDA of $248 million for Q4 2025, up 12% year-over-year, driven by record LNG export volumes and 94% utilization of its terminal infrastructure. The company raised full-year 2026 guidance, projecting $980 million in EBITDA.
- SLNG reported Q4 2025 adjusted EBITDA of $248 million, up 12% YoY.
- LNG export volumes reached 12.3 million tons in Q4, a 15% increase from prior year.
- Terminal utilization averaged 94% during the quarter.
- Full-year 2026 EBITDA guidance raised to $980 million.
- New contracts secured 2.1 million tons of annual capacity through 2030.
- SLNG plans $180 million in capital spending for terminal expansions by 2027.
Stabilis (SLNG) delivered solid Q4 2025 results, reporting adjusted EBITDA of $248 million, a 12% increase from the same period in 2024. The growth was fueled by a 15% rise in LNG export volumes, reaching 12.3 million tons during the quarter, and consistent performance across its two primary terminals in Louisiana and Texas. Terminal utilization averaged 94%, reflecting strong customer demand and operational reliability. The company cited favorable long-term contracts, including three new agreements signed in Q4, collectively securing 2.1 million tons of annual capacity through 2030. These contracts contribute to a contracted backlog of 18.7 million tons, underpinning visibility into future cash flows. Stabilis also reported a 7% improvement in operating efficiency, reducing maintenance downtime by 20% compared to Q4 2024. Looking ahead, Stabilis upgraded its full-year 2026 guidance, projecting adjusted EBITDA of $980 million—up from the prior estimate of $920 million. The revised outlook reflects anticipated higher throughput at its terminals, supported by increased global demand for LNG, particularly in Asia and Europe. The company plans to deploy $180 million in capital toward terminal expansion projects, with completion expected by Q3 2027. The updated guidance and strong execution boosted investor confidence, with SLNG shares rising 4.3% in after-hours trading. The results also had a ripple effect across the energy midstream sector, with the XLE ETF gaining 1.6% as analysts noted SLNG’s performance signals robust demand for LNG infrastructure. Midstream investors are now reassessing valuation metrics for infrastructure-heavy energy players.