SLNG — what changed in the latest 10-Q
A section-by-section comparison of SLNG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-04 vs the prior 10-Q · 2026-08-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +34 | −32 | ~28 | 21 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | 0 | 0 | ~2 | 3 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-04
The comparative tables below reflect our consolidated operating results for the three months ended September 30, 2026 (the “Current Quarter”) as compared to the three months ended September 30, 2025 (the “Prior Year Quarter”) (unaudited, amounts in thousands, except for percentages).
During the Current Quarter, revenues decreased $5.5 million, or 27%, compared to the Prior Year Quarter. The change in revenue primarily related to:
The decreases were partially offset by increases in revenues for:
Higher average pricing from favorable customer mix in the Current Quarter compared to the Prior Year Quarter, resulting in an increase in revenues of $0.6 million;
Cost of revenues. Cost of revenues decreased $4.2 million, or 29%, compared to the Prior Year Quarter. As a percentage of revenue, these costs were 71% and 72% in the Current Quarter and the Prior Year Quarter, respectively. The decrease in cost of revenues was primarily attributable to:
Text removed vs the prior filing · source: 10-Q · 2026-08-12
On July 9, 2026, the Company signed a contract commencing in the third quarter of 2026 to fuel temporary power generation at a data center that is anticipated to replace a significant portion of lost volumes from prior periods. This contract represents the second contract in support of power generat…
The Company entered into a time charter agreement for the lease of a liquefied natural gas bunkering vessel, (the "Garibaldi"), during the first quarter of 2026 in anticipation of a customer contract which did not materialize. The Company was successful in obtaining rent deferrals and a sublease of …
During the Current Quarter, revenues decreased $5.4 million, or 31%, compared to the Prior Year Quarter. The change in revenue primarily related to:
Decreased gallons of LNG delivered in the Current Quarter due to the conclusion of two contracts, compared to the Prior Year Quarter resulting in a decrease in revenues of $2.9 million;
These decreases were partially offset by increased revenues of $0.1 million related to higher average pricing from a favorable customer mix in the Current Quarter compared to the Prior Year Quarter.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice