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.
StealthGas Inc (NASDAQ: GASS) operates at the forefront of maritime energy logistics, specializing in liquefied petroleum gas transportation. This page serves as your centralized source for official company announcements, operational updates, and strategic developments.
Access timely updates on fleet expansions, safety initiatives, and market positioning within the LPG shipping sector. Our curated collection includes earnings reports, partnership announcements, and regulatory compliance milestones essential for tracking the company's performance.
Investors will find critical updates on charter agreements and fleet optimization strategies, while industry analysts can monitor trends in seaborne energy transportation. All content maintains strict factual accuracy without speculative commentary.
Bookmark this page for direct access to StealthGas' verified news stream, ensuring you stay informed about this niche leader in pressurized gas logistics.
STEALTHGAS (NASDAQ: GASS) announced its Q1 2024 financial results on May 22, 2024. The company reported a record net income of $17.7 million, up 5.4% year-over-year, and EPS of $0.49. Revenues grew by 9.2% to $41.6 million despite a fleet reduction from 32 to 27 vessels. Operating and voyage expenses decreased by 22.7%. Debt repayments totaled $32 million in Q1 and $53.3 million in Q2, leaving $83.6 million in cash and equivalents. Adjusted net income was $19.1 million, or $0.53 per share. EBITDA reached $26.6 million. Contracted revenues stand at $180 million with 73% fleet days secured for 2024.
On May 17, 2024, STEALTHGAS announced the release schedule for its Q1 2024 financial and operating results. The results for the period ending March 31, 2024, will be available before the market opens in New York on May 22, 2024.
Additionally, the company will host a conference call at 11:00 am ET on the same day to discuss the results and future outlook. Participants need to pre-register to receive call details. A live and archived webcast will be accessible via the company's website.
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