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.
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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.