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.
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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.
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