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.
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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