Stabilis Solutions Q1 2025: BOMAY Accretion Noted
Ticker: SLNG · Form: 10-Q · Filed: May 7, 2025 · CIK: 1043186
| Field | Detail |
|---|---|
| Company | Stabilis Solutions, Inc. (SLNG) |
| Form Type | 10-Q |
| Filed Date | May 7, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: joint-venture, accounting, earnings
TL;DR
**Stabilis Solutions Q1: BOMAY JV fair value adjustment adds $32k to earnings.**
AI Summary
Stabilis Solutions, Inc. reported its first quarter 2025 results, with accretion from its investment in BOMAY totaling approximately $32 thousand for the three months ended March 31, 2025. This accretion is a result of applying fair value accounting to its 40% equity stake in BOMAY, with the basis difference being amortized over nine years. The company's fiscal year ends on December 31st.
Why It Matters
This filing provides insight into how Stabilis Solutions accounts for its joint venture investments, impacting its reported earnings through fair value adjustments.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $32 thousand — BOMAY Accretion (Impact on income from equity method investments for Q1 2025)
- 40% — BOMAY Equity Stake (Stabilis Solutions' ownership percentage in the joint venture)
- 9 years — Amortization Period (Expected life over which the basis difference from BOMAY is accreted)
Key Players & Entities
- Stabilis Solutions, Inc. (company) — Filer of the 10-Q
- BOMAY (company) — Joint venture investment
- $32 thousand (dollar_amount) — Accretion from BOMAY for Q1 2025 and 2024
- March 31, 2025 (date) — End of reporting period
- ASC 805 (other) — Accounting standard applied to BOMAY investment
FAQ
What is the nature of the investment in BOMAY?
The investment in BOMAY is a joint venture where Stabilis Solutions holds a 40% equity stake, and fair value accounting is applied.
How does the BOMAY investment affect Stabilis Solutions' financials?
The initial investment differed from the equity share due to fair value accounting, resulting in a basis difference that is accreted over nine years, impacting income from equity method investments.
What was the financial impact of the BOMAY investment in Q1 2025?
The accretion from the BOMAY investment for the three months ended March 31, 2025, totaled approximately $32 thousand.
What accounting standard governs the BOMAY investment accounting?
The fair value accounting is applied pursuant to ASC 805.
When does Stabilis Solutions' fiscal year end?
Stabilis Solutions' fiscal year ends on December 31st.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 7, 2025 regarding Stabilis Solutions, Inc. (SLNG).