Stabilis signals $200M data center contract, advances Galveston LNG project

The energy solutions company reports strong 2025 execution despite revenue and EBITDA dips after contract roll-offs.

Published on Mar. 5, 2026

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Stabilis Solutions (SLNG) announced it has secured its largest-ever $200 million data center LNG contract, while also making progress on the final investment decision for its Galveston LNG project. The company reported a revenue and EBITDA dip in Q4 2025 after the completion of two major multiyear contracts, but CEO J. Crenshaw described 2025 as a year of strong execution overall.

Why it matters

The new data center contract represents a significant new revenue stream for Stabilis, while the Galveston LNG project, if approved, would further expand the company's natural gas liquefaction and distribution capabilities. The company's ability to secure large contracts and advance key projects despite some short-term headwinds demonstrates its operational strength and growth potential.

The details

Stabilis reported that revenue and EBITDA dipped in Q4 2025 after the completion of a truck-to-ship marine bunkering contract with Carnival Corporation and another major multiyear contract. However, the company was able to offset these losses by securing a new $200 million data center LNG contract, which CEO J. Crenshaw described as the largest in Stabilis' history. The company also made progress on the final investment decision for its Galveston LNG project, which would further expand its natural gas liquefaction and distribution capabilities.

  • Stabilis reported Q4 2025 earnings on March 5, 2026.

The players

Stabilis Solutions, Inc.

An energy solutions company that provides liquefied natural gas (LNG) to the industrial, energy, and high-horsepower transportation markets in North America.

J. Crenshaw

Interim President, CEO and Executive Chairman of Stabilis Solutions.

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What they’re saying

“2025 was a year of strong execution for Stabilis, as we successfully completed two major multiyear contracts.”

— J. Crenshaw, Interim President, CEO & Executive Chairman (Earnings Call)

What’s next

Stabilis plans to make a final investment decision on its Galveston LNG project in the coming months.

The takeaway

Stabilis demonstrated its operational strength and growth potential by securing a landmark $200 million data center LNG contract and advancing its Galveston LNG project, even as it navigated the completion of two major contracts that impacted short-term financial results.