Stabilis (SLNG) Q3 2024 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, January 27, 2026 astatine 9:09 AM CST 23 min read

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Thursday, November 7, 2024 astatine 9:00 a.m. ET

• Chief Executive Officer — Westy Ballard

• Chief Financial Officer — Andy Puhala

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Westy Ballard. We issued a property merchandise aft the marketplace closed yesterday. This merchandise is publically disposable successful the Investor Relations conception of our firm website astatine stabilis-solutions.com. Before we begin, I would similar to punctual everyone that today's league telephone volition incorporate forward-looking statements wrong the meaning of the Private Securities Reform Act of 1995 and different securities laws. These forward-looking statements are based connected the company's expectations and beliefs arsenic of today, November 7, 2024. Forward-looking statements are taxable to risks and uncertainties that whitethorn origin existent results to disagree materially from those projected. The institution undertakes nary work to supply updates oregon revisions to the forward-looking statements made.

Additional accusation concerning factors that could origin those differences is contained successful our filings with the SEC and the property merchandise announcing our results. Investors are cautioned not to spot undue reliance connected immoderate forward-looking statements. Further, delight enactment that we whitethorn notation to definite non-GAAP fiscal accusation connected today's call. You tin find reconciliations of the non-GAAP fiscal measures to the astir comparable GAAP measures successful our net property release. Today's telephone is being recorded and volition beryllium disposable for replay. With that, I volition manus the telephone implicit to Westy Ballard for his remarks.

Westy Ballard: Thank you, Andy, and bully greeting to everyone joining connected the call. We person a batch of large worldly to speech astir today, truly gathering disconnected the momentum since I joined arsenic CEO a small implicit 3 years ago. In doing so, I outlined 2 superior strategical objectives. The archetypal nonsubjective was to stabilize and optimize our instrumentality to enactment some our halfway concern arsenic good arsenic the concern we would question to physique successful the years ahead. Over the past 24 months, we person demonstrated our committedness to a disciplined, returns-focused attack towards superior allocation portion positioning the concern to standard wrong some established and emerging maturation industries successful hunt of cleaner substance alternatives.

In the 3rd quarter, we delivered much than 15% gross maturation portion continuing to displacement our gross premix from spot income toward longer-term contractual agreements. To that end, 68% of our 3rd 4th gross was nether ratable contractual agreements, up from 43% successful the erstwhile year. This pronounced displacement successful the prime and consistency of our gross premix and the enhanced state processing capabilities we deployed past twelvemonth to code provender state consistency issues resulted successful exceptional utilization of our 2 owned LNG accumulation facilities and has contributed to a important betterment successful our borderline realization accordant with our strategical absorption connected driving improved operating leverage.