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) is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. Its news flow centers on financial and operating results, fleet developments and chartering activity for its LPG carrier fleet.
Regular press releases provide unaudited quarterly and annual financial results, including net income, earnings per share, revenues, voyage expenses, vessel operating expenses, drydocking costs, general and administrative expenses, depreciation, interest and finance costs, and equity earnings in joint ventures. The company also reports non-GAAP measures such as EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS, along with reconciliations to net income.
StealthGas news items frequently include detailed fleet updates. These describe new time charters and charter extensions of three months or more for specific LPG carriers, the percentage of fleet days secured on period charters for upcoming periods, and the associated contracted revenues. The company also announces vessel sales, acquisitions of joint venture interests, and changes in the composition of its fully owned fleet and joint venture fleet.
Other notable news topics include progress on deleveraging through debt repayments, the number of unencumbered vessels in the fully owned fleet, cash and cash equivalents and total debt levels at certain reporting dates, and share repurchases under an authorized common stock repurchase program. Operational incidents affecting individual vessels, such as the reported incident involving the LPG carrier Eco Wizard and subsequent repair and towage developments, are also covered in detail.
Investors and observers following GASS news can use this page to review the company’s earnings announcements, chartering updates, capital structure developments, and disclosures about events affecting its LPG carrier operations.
StealthGas (NASDAQ: GASS), a company specializing in LPG shipping, has announced it will release its third quarter and nine months 2024 financial and operating results before the New York market opens on November 25, 2024. The company will host a conference call at 10:00 am ET on the same day to discuss results, operations, and outlook. Participants can pre-register for the call through a provided link, and a live webcast will be available through the company's website.
STEALTHGAS INC. (NASDAQ: GASS) reported record quarterly Net Income of $25.8 million for Q2 2024, a 145.8% increase year-over-year. Revenues rose 13.9% to $41.8 million. The company achieved:
- Basic EPS of $0.70
- 85% of fleet days secured on period charters for remainder of 2024
- Over $220 million in contracted revenues for subsequent periods
- $85.3 million in debt repayments during H1 2024
- Cash and cash equivalents of $76.6 million as of June 30, 2024
CEO Harry Vafias noted strong market conditions and successful vessel fixings at higher rates. The company continues its debt reduction strategy, with 24 unencumbered vessels and a net debt ratio below 5%.
STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector, has announced the release date for its second quarter and six months 2024 financial and operating results. The company will disclose these results before the market opens in New York on September 5, 2024. Following this, at 11:00 am ET on the same day, STEALTHGAS management will host a conference call to discuss the results, operations, and outlook.
Participants are required to pre-register for the conference call to receive dial-in numbers and a personal PIN. Additionally, a live webcast of the conference call will be available through the STEALTHGAS website, with participants advised to register approximately 10 minutes before the webcast begins.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.