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.
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StealthGas Inc. (NASDAQ: GASS) announced an estimated Net Asset Value (NAV) per share of approximately $14.50 based on outstanding common shares, significantly higher than its closing price of $2.61 on March 31, 2023. The NAV calculation includes the value of its vessel fleet, total cash, and long-term debt, acknowledging that it reflects a snapshot in time subject to change. The company operates in the liquefied petroleum gas shipping sector, with its fleet comprising various types of vessels. StealthGas emphasizes that NAV figures are non-GAAP measures, and actual shareholder returns may vary based on market conditions.
StealthGas Inc. (GASS) reported its unaudited financial results for Q4 and FY 2022, achieving record annual profits of $34.3 million or $0.90 EPS, compared to a loss of $35.1 million the previous year. Q4 2022 revenues hit $42.7 million, the highest in five years, despite a reduced fleet from 37 to 34 vessels. The company secured approximately $105 million in contracted revenues for 2023, with 55% of fleet days under charter. Cash and short-term investments rose over 109% to $95.7 million. Additionally, three older vessels were sold, reflecting a strategic shift to enhance operational efficiency.
StealthGas Inc. (NASDAQ: GASS) announced it will release its fourth quarter operating and financial results for the period ending December 31, 2022, before the market opens on February 21, 2023. A conference call will be held that same day at 11:00 am ET to discuss these results and the company's outlook. Participants may pre-register for the call to receive necessary dial-in information. StealthGas operates in the liquefied petroleum gas (LPG) shipping sector, with a fleet that includes fully pressurized, semi-refrigerated, and fully refrigerated vessels. The company trades under the symbol “GASS” on the Nasdaq Global Select Market.
StealthGas Inc. (NASDAQ: GASS) announced its third quarter operating and financial results will be released on November 21, 2022, prior to the market opening in New York. An earnings conference call is scheduled for the same day at 11:00 am ET to discuss the results and provide an operational outlook. Participants are required to pre-register to receive the necessary dial-in numbers and personal PIN. StealthGas operates in the LPG sector, with a fleet comprising various vessel types.
StealthGas Inc. (NASDAQ: GASS) reported strong financial results for Q2 and H1 2022, with revenues of $39.3 million and net income of $12.2 million, significantly up from $1.6 million in Q2 2021. The company's fleet has been reduced to 34 vessels, yet revenue per vessel improved due to better market conditions. Total cash reached $90.2 million, double from the previous year. Contracted revenues for the remainder of 2022 total approximately $72 million. The chairman expressed optimism despite geopolitical and inflationary challenges, highlighting robust demand for LPG vessels.
StealthGas Inc. (NASDAQ: GASS) will release its Q2 2022 financial results on August 24, 2022, before the New York market opens. Following the announcement, management will host a conference call at 11:00 am ET to discuss operational performance and future outlook. Participants must pre-register for the call to obtain access details. The conference will also be available via a live webcast on the company's website, providing insights into the LPG sector of the international shipping industry, where StealthGas operates with a diverse fleet.