On March 31, 2026, Stabilis GDS, Inc., ("Stabilis GDS"), a wholly-owned subsidiary of Stabilis Solutions, Inc. ("Stabilis" and collectively with Stabilis GDS, "the Company") terminated its previously announced 10-year agreement with a leading investment-grade global marine operator to supply Liquefied Natural Gas ("LNG") from the Company's proposed 350,000 gallon-per-day Galveston liquefaction facility. The agreement contemplated the supply of approximately 50 million gallons of LNG per year, representing roughly 40% of the facility's planned liquefaction capacity, with minimum volume commitments of approximately 32% of planned capacity. The agreement was subject to, among other things, the successful financing, construction, and commissioning of the proposed Galveston LNG liquefaction facility.

The decision to terminate the agreement was made in connection with the Company's ongoing efforts to secure third party project financing for the Galveston LNG facility. During negotiations with prospective financing partners, the Company was requested to modify certain provisions of the agreement as a condition to completing project financing. The counterparty did not agree to the proposed modifications, and the Company elected to terminate the agreement.

As a result, the Company expects delays to the anticipated final investment decision, project financing, and development timeline for the Galveston LNG facility. The Company continues to pursue the development of the facility and is engaged in discussions with potential customers regarding alternative offtake arrangements.