Monitor the next 10-Q for fixed charge coverage ratio and cash position. If the company fails to meet the 1.20x threshold by early 2027, further credit restrictions or dilution may follow.
Price Chart
Executive Summary
Stabilis Solutions amended its credit agreement with Huntington National Bank, imposing a $5M cash collateral requirement and a tighter 1.20x fixed charge coverage ratio covenant, limiting revolver availability until compliance is demonstrated. This signals increased lender scrutiny and potential liquidity strain, given the company's $75M market cap.
Key Financial Metrics
Key Facts
- New minimum Fixed Charge Coverage Ratio of 1.20x, tested quarterly starting March 31, 2027
- Cash collateral account funded with at least $5M required
- Revolver availability capped at cash collateral amount up to $10M until two consecutive quarters of compliance
- Upfront fee of $15,000 paid to bank
Financial Impact
Cash collateral of $5M reduces free cash; covenant restricts financial flexibility
Risk Factors
- Breach of FCCR covenant leading to accelerated debt or further collateral
- Limited revolver access constraining working capital and growth investments
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-022140 |
| Document: 0001437749-26-022140-index-headers.html | 0001437749-26-022140 |
| Document: 0001437749-26-022140-index.html | 0001437749-26-022140 |
| Document: 0001437749-26-022140.txt | 0001437749-26-022140 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 30, 2026 16w ago | 8-K | $4.02 $3.95 | ▲ +1.74% | ▲ +2.01% | $4.61 (−14.68%) |
Jun 30, 2026 16w ago | DEFA14A | $4.05 $4.11 | ▲ +1.48% | ▲ +0.88% | $4.61 (+13.83%) |
Jun 25, 2026 17w ago | 8-K | $3.91 $4.19 | ▼ −7.16% | ▼ −5.00% | $4.61 (−17.90%) |
May 12, 2026 23w ago | Insider Cluster | $3.61 $3.79 | ▲ +4.99% | ▲ +5.59% | $4.61 (+27.70%) |
Mar 13, 2026 32w ago | S-3 | $3.26 $4.36 | ▲ +33.74% | ▲ +35.78% | $4.61 (+41.41%) |
Mar 4, 2026 33w ago | 8-K | $4.21 $3.69 | ▼ −12.35% | ▼ −10.11% | $4.61 (+9.50%) |
US Market Status
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