Fueling Space Exploration: Stabilis Solutions Secures Major Multi-Year Fuel Contract

2026-11-10 companies

Houston, Tuesday, 10 November 2026.
Stabilis Solutions locked in a three-year deal supplying up to 984 cubic meters monthly of liquefied natural gas to power rocket testing at the Stennis Space Center.

A Landmark Agreement in the Aerospace Sector

On November 10, 2026, Stabilis Solutions, Inc. (Nasdaq: SLNG) announced a landmark three-year take-or-pay liquefied natural gas (LNG) supply agreement with an established aerospace customer, marking a significant expansion of its role in powering high-demand aerospace and defense testing operations [1]. The agreement, formally disclosed via a press release on the same day, underscores Stabilis Solutions’ strategic pivot toward providing turnkey LNG solutions, including storage and last-mile distribution, to a sector increasingly reliant on cleaner energy alternatives [1]. This deal follows Stabilis Solutions’ long-standing supply relationship with the customer at the John C. Stennis Space Center in Hancock County, Mississippi, where LNG deliveries have been ongoing since 2024 [1].

Contract Terms and Strategic Implications

Under the terms of the newly signed agreement, Stabilis Solutions will supply the aerospace partner with LNG volumes ranging between 230,000 and 260,000 gallons per month, sourced primarily from its liquefaction facility in Port Allen, Louisiana [1]. The contract, effective from January 1, 2027, through December 31, 2029, represents a take-or-pay arrangement, ensuring revenue stability and operational visibility for Stabilis Solutions [1]. Speaking on the significance of the agreement, Casey Crenshaw, Executive Chairman and Interim President & CEO of Stabilis Solutions, emphasized that this contract not only strengthens the company’s foothold in the aerospace sector but also highlights the growing demand for LNG solutions amid elevated launch and testing activities [1]. ‘This agreement expands our relationship with an existing commercial aerospace customer and marks continued progress in a market where demand for LNG has grown alongside launch and testing activity,’ Crenshaw stated in the press release [1].

Broader Market Dynamics and Financial Context

The aerospace-focused LNG supply agreement aligns with broader industry trends, as Stabilis Solutions continues to diversify its revenue streams across marine bunkering, aerospace, and data center power generation [5]. In its Q3 2026 earnings report, the company reported total revenue of $14.8 million, reflecting a 25% sequential increase but a 27% year-over-year decline [5][7]. Despite the year-over-year dip in revenue, Stabilis Solutions reported net income of $189,000 and adjusted EBITDA of $1.9 million, signaling operational resilience [7]. Aerospace revenue specifically surged by 49% year-over-year in Q3 2026, driven by heightened activity at commercial space launch sites, including the Stennis Space Center [7]. The company’s stock (Nasdaq: SLNG) has also reflected investor optimism, gaining 9.04% in pre-market trading on November 9, 2026, in response to positive market sentiment and recent contract announcements [4].

Future Outlook and Industry Positioning

Looking ahead to 2027, Stabilis Solutions anticipates record revenue growth, buoyed by contracted projects, including the recently announced LNG supply agreement and a high-profile behind-the-meter data center contract valued at approximately $200 million over two years [7][8]. The data center contract, slated to commence in Q1 2027, will further diversify the company’s revenue base and provide additional financial stability [7]. However, the company remains cautious about the timeline for its Galveston LNG project, a $350 million initiative requiring significant committed offtake to secure financing [6][7]. As of November 2026, Stabilis Solutions has secured approximately 25% of the committed offtake for the Galveston facility, with Casey Crenshaw noting that a final investment decision (FID) hinges on securing additional long-term commitments [6][7]. ‘We are not ready to commit to a timeline for FID, which remains subject to arranging a final financing structure and securing sufficient commercial offtake,’ Crenshaw explained during the Q3 2026 earnings call [7].

Conversion Clarification

The monthly LNG supply volume of 984 cubic meters cited in the provided news item requires conversion to gallons for consistency with the contract terms outlined by the company. Using the standard conversion factor of 1 cubic meter ≈ 264.172 gallons [GPT], the monthly supply translates to approximately 259945.248 gallons, or roughly 259,769 gallons per month. This figure falls within the 230,000 to 260,000 gallons per month range specified in the Stabilis Solutions press release, reinforcing the alignment of the reported volume with the contract terms [1].

Sources

Liquefied Natural Gas Aerospace Fuel