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StealthGas, Inc. - $GASS STOCK NEWS

Welcome to our dedicated page for StealthGas news (Ticker: $GASS), a resource for investors and traders seeking the latest updates and insights on StealthGas stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect StealthGas's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
STEALTHGAS INC. (NASDAQ: GASS) reported impressive financial results with an all-time record net income of $51.9 million for the twelve-month period, showing a 51% increase compared to last year. The fourth quarter also saw strong profitability with a net income of $8.9 million, reflecting a basic EPS of $0.25.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.66%
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Rhea-AI Summary
STEALTHGAS INC. (NASDAQ: GASS) announces the release of its fourth-quarter operating and financial results for December 31, 2023. A conference call is scheduled for February 21, 2024, to discuss the results and company outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
-
Rhea-AI Summary
STEALTHGAS INC (GASS) reports record net income of $43.0 million for the nine-month period with a basic EPS of $1.12. The third quarter also saw strong profitability, with net income of $15.7 million and a basic EPS of $0.41, marking a 134% increase from last year. The company has also significantly increased period coverage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.86%
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Rhea-AI Summary
STEALTHGAS INC. (NASDAQ: GASS) to release Q3 operating and financial results on November 21, 2023. Management to host conference call to discuss results and company's outlook. Participants can pre-register for conference call and access webcast through the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
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Rhea-AI Summary
STEALTHGAS INC. (NASDAQ: GASS) has announced a $10 million increase to its common stock repurchase program, bringing the total to $25 million. The company has already repurchased approximately $19.1 million of common stock, including two million shares from an institutional investor for $10.2 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.96%
Tags
buyback
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Rhea-AI Summary
STEALTHGAS INC. reported strong financial results for Q2 2023, with a net income of $10.5 million and EPS of $0.27. The company reduced debt by $104.9 million and initiated a share repurchase program of up to $15 million. Revenues for Q2 2023 were $36.7 million, despite a decrease in fleet size. The company has secured about 80% of fleet days under period contracts for the remainder of 2023, generating approximately $90 million in contracted revenues. The CEO remains positive about the medium-term outlook of the LPG shipping market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.36%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.53%
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none
StealthGas, Inc.

Nasdaq:GASS

GASS Rankings

GASS Stock Data

233.96M
14.48M
29.32%
42.75%
0.87%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
United States of America
Athina

About GASS

vafias group - stealthgas inc. (nasdaq: gass) is a global energy seaborne transportation company providing services to lpg producers and users. our vessels carry various petroleum and petrochemical gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all by-products of the production of oil and natural gas. these products are transported in liquefied form in order to reduce their volume and to facilitate their handling. stealthgas currently owns 35 lpg carriers, which includes 33 currently under operation and 2 new buildings for delivery in 2012. the average age of our lpg fleet is about 11.3 years as of today and the total carrying capacity of the lpg fleet today is 168,097 cbm. stealthgas ranks number one worldwide in owned vessels in the 3,000 to 8,000 cbm lpg carrier segment which is our strategic focus. with strong fundamentals in the handysize lpg carrier sector, we aim to grow and consolidate our fleet