STABILIS SOLUTIONS, INC. : Results of Operations and Financial Condition (form 8-K)
November 10, 2021 at 05:11 pm
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Item 2.02. Results of Operations and Financial Condition.
On November 10, 2021, Stabilis Solutions, Inc. (the "Company") issued a press
release announcing information regarding its results of operations and financial
condition for the three and nine months ended September 30, 2021. A copy of the
Company's press release is furnished as Exhibit 99.1 to this Form 8-K.
The Company's press release contains non-GAAP financial measures. Generally, a
non-GAAP financial measure is a numerical measure of a company's performance,
financial position, or cash flows that either excludes or includes amounts that
are not normally excluded or included in the most directly comparable measure
calculated and presented in accordance with generally accepted accounting
principles within the United States ("GAAP"). Pursuant to the requirements of
Regulation G, the Company has provided within the press release quantitative
reconciliations of the non-GAAP financial measures to the most directly
comparable GAAP financial measures.
The information in this Current Report, including the exhibit, is being
furnished pursuant to Item 7.01 of Form 8-K and General Instruction B.2
thereunder. The information in this Current Report shall not be deemed "filed"
for the purposes of Section 18 of the Securities Exchange Act oft5 1934, as
amended, or otherwise subject to the liabilities of that Section. The
information in this Current Report shall not be deemed incorporated by reference
into any registration statement or other document pursuant to the Securities Act
of 1933, as amended.
Item 7.01 Regulation FD Disclosure.
The information set forth under Item 2.02 is incorporated by reference as if
fully set forth herein.
Item 9.01 Financial Statements and Exhibits.
Exhibits:
Exhibit No. Description
99.1 Press release dated November 10 , 2021.
Stabilis Solutions, Inc. and its subsidiaries is an energy transition company. The Company provides turnkey clean energy production, storage, transportation and fueling solutions primarily using liquefied natural gas (LNG) to multiple end markets. The Company provides liquefied natural gas (LNG) solutions to customers in diverse end markets, including aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets. It builds and operates cryogenic natural gas processing facilities, called liquefiers, which convert natural gas into LNG through a purification and multiple stage cooling process. It owns and operates a liquefier that can produce up to 100,000 LNG gallons per day in George West, Texas and a liquefier that can produce up to 30,000 LNG gallons per day in Port Allen, Louisiana. It offers its customers a virtual natural gas pipeline by providing turnkey LNG transportation and logistics services in North America.