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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 (GASS) reported Q4 2020 results with a net loss of $0.7 million, or $0.02 per share, down from net income of $0.5 million in Q4 2019. Despite this, revenues increased by 6% to $37.3 million due to higher time charter activity. The fleet's utilization remained high at 98.5%, while adjusted net income for the year was $16.9 million, or $0.44 per share. The company secured $81 million in contracted revenues for 2021, driven by various time charter arrangements, and maintained a strong cash position of $53 million as of year-end 2020.
StealthGas Inc. (NASDAQ: GASS) will announce its fourth quarter and full-year financial results for the period ending December 31, 2020, on February 25, 2021, before the market opens. A conference call will be held at 11:00 am ET the same day to discuss these results and company operations. Participants can dial in using the provided access codes. StealthGas operates a fleet of 50 vessels, primarily catering to the liquefied petroleum gas sector, including 46 LPG carriers and additional oil tankers, emphasizing its significant capacity in the shipping industry.
STEALTHGAS INC. (NASDAQ: GASS) reported its Q3 2020 results, highlighting significant operational metrics. The fleet utilization reached 96.9%, with a slight increase in voyage revenues to $37.1 million. Net income stood at $0.8 million with an EPS of $0.02. The company showed low gearing, with debt to assets at 36.5%, and total cash of $42.0 million as of September 30, 2020. Notably, 68% of fleet days are secured on period charters, ensuring approximately $80 million in contracted revenues. However, a 1.3% decrease in nine-month revenues signals potential concerns moving forward.
StealthGas Inc. (NASDAQ:GASS) will release its third quarter and nine months operating and financial results on November 25, 2020, before market opening in New York. A conference call will follow at 11:00 am ET to discuss outcomes and the company's outlook. With a fleet of 51 vessels, including 47 LPG carriers and an upcoming newbuilding carrier, StealthGas is a key player in the liquefied petroleum gas shipping sector. Investors can access the conference via specified dial-in numbers and a live webcast on the company’s website.
StealthGas Inc. (NASDAQ: GASS) reported strong financial results for Q2 2020, achieving a net income of $8.9 million and an EPS of $0.23, the best quarterly performance since Q1 2013. Revenues rose to $36.3 million, up 6.5% year-over-year, driven by a 20% increase in time charter revenues. Fleet utilization was high at 99.7%, with about 71% of fleet days contracted for the remainder of 2020, translating to approximately $112 million in contracted revenues. Total cash stood at $51.5 million, with a low debt-to-assets ratio of 37.7%. The company remains optimistic despite market uncertainties.
StealthGas (NASDAQ: GASS) will release its Q2 2020 operating and financial results on August 21, 2020, before the market opens. The management will host a conference call on the same day at 11:00 am ET to discuss the results, operations, and outlook. Participants can join via provided toll-free numbers. StealthGas operates a fleet of 52 vessels, primarily serving the LPG sector, which includes 48 LPG carriers. Notably, the company expects newbuilding deliveries in September 2020 and 2021, expanding its fleet capacity significantly.
StealthGas Inc. (NASDAQ: GASS) reported its Q1 2020 financial results, showcasing a net income of $3 million and earnings per share of $0.08, an increase from $2 million and $0.05 in Q1 2019.
Operational utilization reached 97.8%, with voyage revenues at $34.4 million, down 10.4% year-over-year due to a reduced fleet. The company secured approximately $126 million in contracted revenues, covering 69% of fleet days for 2020. Despite a strong first quarter, the impact of COVID-19 raises uncertainties about future LPG demand.
STEALTHGAS INC. (NASDAQ:GASS) announced it will release Q1 operating and financial results for the period ending March 31, 2020, on May 26, 2020, before market opening. A conference call will occur at 11:00 am ET on the same day to discuss the results and company outlook. StealthGas operates a fleet of 50 vessels, including 46 LPG carriers and additional tankers, with a total capacity of 431,527 cbm. The company also anticipates delivery of an 11,000 cbm newbuilding by 2021.
StealthGas Inc. (Nasdaq: GASS) announced the results of its tender offer to buy back 4,761,904 shares of its common stock at $2.10 per share, concluding on April 28, 2020. A total of 1,366,045 shares were tendered and successfully repurchased for approximately $2.87 million. The company, which operates a fleet primarily serving the LPG shipping sector, continues to engage with shareholders through its designated information agent. This tender offer reflects the company's strategy to manage its share capital and enhance shareholder value.
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