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) 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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