Stabilis Solutions, Inc. 8-K

What Happened
Stabilis Solutions, Inc. (filed Form 8-K on June 25, 2026) announced that its wholly owned subsidiary, Stabilis GDS, Inc., has had the time charter for the LNG bunkering vessel Seaspan Garibaldi terminated. The original charter was dated December 12, 2025 (as amended). The Owners (Seaspan Energy Ltd.) were granted a termination option on June 11, 2026 and exercised that option on June 24, 2026, ending the charter effective June 24, 2026.

Key Details

• Termination date: June 24, 2026 (option exercised by the Owners).
• Early termination fee: $750,000 payable January 1, 2027.
• Accrued amounts due: Approximately $1.1 million in amounts accrued under the Charter, payable in two installments during Q3 2026.
• Parties: Stabilis GDS, Inc. (subsidiary of Stabilis Solutions) and Seaspan Energy Ltd.

Why It Matters
The termination ends Stabilis’s chartered use of the Seaspan Garibaldi and creates near-term cash obligations: roughly $1.85 million in combined payments (about $1.1M in Q3 2026 and $750K on January 1, 2027). For investors, the filing signals a change in the company’s chartered vessel capacity and a definite short-term cash outflow; the company did not disclose any offsetting recoveries or replacements in this filing.