Houston-based Stabilis Solutions Inc. reported record revenue last year including for liquefied natural gas (LNG), but the small-scale supplier is now multi-tasking to mitigate inflation impacts and grow two key businesses.

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CEO Westervelt Ballard Jr. said price premiums on LNG in 2021 helped lift the revenue through the year, but equally high transportation and labor costs gradually tanked its margins.

“We were late to react to inflationary headwinds last year,” Ballard said during the recent earnings call.

However, a fleet of restructuring and pricing initiatives helped “reverse” those impacts and a stronger return would start being reflected in the earnings early this year.

With expectations that commodities and costs will continue to spike from the Russian...