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. operates as a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. Company news regularly covers unaudited financial and operating results, time-charter equivalent revenue trends, fleet employment, period charter coverage and contracted revenue tied to its LPG carrier fleet.
Updates also address balance sheet actions such as debt repayment, vessel encumbrance status, liquidity and share repurchases, along with operational matters affecting individual vessels. The company’s releases typically combine shipping-market conditions with fleet utilization, voyage expenses and capital allocation decisions.
StealthGas (NASDAQ: GASS), a company specializing in liquefied petroleum gas (LPG) shipping, has announced it will release its fourth quarter and full-year 2024 financial and operating results on February 21, 2025, before the New York market opens.
The company will host a conference call at 10:00 AM ET on the same day to discuss the results and provide insights on operations and outlook. Participants must pre-register to receive dial-in numbers and a personal PIN. The event will also be available via live webcast through the company's website, with registration required approximately 10 minutes before the start.
StealthGas Inc. (NASDAQ: GASS) reported strong Q3 2024 financial results with revenues increasing 16.7% to $40.4 million compared to Q3 2023. The company achieved record net income of $55.7 million for the first nine months of 2024, up 29.3% year-over-year. Q3 net income was $12.1 million with basic EPS of $0.33.
The company secured 65% of fleet days for 2025 on period charters, generating over $220 million in contracted revenues. Cash position remains strong at $77.4 million, with 25 out of 28 vessels unencumbered. The company made $106.6 million in debt repayments during the first nine months of 2024.
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.
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