STEALTHGAS INC. Provides Update in Relation to Its LPG Carrier Eco Wizard
Rhea-AI Summary
STEALTHGAS (NASDAQ: GASS) provided an update on its LPG carrier Eco Wizard following the July 6, 2025 incident. The company completed temporary repairs, obtained required licenses, and the vessel departed Russia under towage. The Eco Wizard has arrived at a port in Latvia where further assessment will be performed.
Positive
- Temporary repairs completed and licenses obtained (Dec 2025)
- Eco Wizard departed Russia under towage and reached Latvia
Negative
- Eco Wizard involved in an operational incident on July 6, 2025
- Vessel requires further assessment in Latvia before return to service
Key Figures
Market Reality Check
Peers on Argus 1 Down
While GASS was down 2.92%, peers showed mixed moves: UFG and SHIP declined (-3.47%, -1.83%) whereas DSX and SMHI gained (0.57%, 2.41%). This points to a stock-specific reaction rather than a broad Marine Shipping sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 25 | Q3 2025 earnings | Positive | -1.9% | Reported higher revenues and strong debt reduction, yet shares fell modestly. |
| Nov 20 | Earnings date set | Neutral | +0.0% | Announced Q3 2025 results release date and conference call logistics. |
| Aug 25 | Q2 2025 earnings | Positive | +5.4% | Strong Q2 results with record revenues and full-year 2025 fleet coverage metrics. |
| Aug 20 | Earnings date set | Neutral | +1.3% | Scheduled Q2 2025 results release and accompanying conference call webcast. |
Recent earnings and conference communications generally saw aligned or modest price reactions, with one notable earnings-related divergence where shares fell despite strong fundamentals.
Over the last few months, STEALTHGAS reported solid financial performance, including Q2 2025 record revenues of $47.2M and Q3 2025 net income of $13.3M with substantial debt repayment totaling $85.9M in 2025 and $350M since December 2022. Announcements on August 20 and November 20 set expectations for earnings releases and related calls. Eco Wizard was previously noted as stranded and off-hire. Today’s update that Eco Wizard has left Russia under towage and reached Latvia fits into this ongoing operational narrative around the vessel.
Market Pulse Summary
This announcement provides an operational update on Eco Wizard, a previously stranded LPG carrier that has completed temporary repairs, left Russia under towage, and arrived in Latvia for further assessment. Earlier financial reports highlighted revenue impacts from this incident, so investors may track how quickly the vessel returns to service. Key aspects to monitor include the outcome of the Latvian assessment, repair duration, future fleet utilization, and any follow-up disclosures on associated costs or downtime.
Key Terms
liquefied petroleum gas (lpg) technical
AI-generated analysis. Not financial advice.
ATHENS, Greece, Dec. 16, 2025 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today further developments in relation to the July 6, 2025 incident involving its LPG carrier Eco Wizard.
After having completed its temporary repairs and acquired the necessary licenses, the vessel left Russia under towage, and has arrived to a port in Latvia where further assessment can be performed.
About STEALTHGAS INC.
StealthGas Inc. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. StealthGas Inc. has a fleet of 29 LPG carriers, including one Joint Venture vessel, in the water. These LPG vessels have a total capacity of 339,134 cubic meters (cbm). StealthGas Inc.’s shares are listed on the Nasdaq Global Select Market and trade under the symbol “GASS.”
Visit our website at www.stealthgas.com
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, including regarding the status of the Eco Wizard, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, shipyard performance, changes in STEALTHGAS INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in any financing arrangements, whether the Eco Wizard is able to return to operation and related uncertainties related thereto and potential expenses and extent of insurance coverage, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflict in Israel and Gaza, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the U.S. Securities and Exchange Commission.
Fleet List
For information on our fleet and further information:
Visit our website at www.stealthgas.com
Company Contact: Konstantinos Sistovaris Investor Relations STEALTHGAS INC. 00-30-210-6250-001 E-mail: info@stealthgas.com
FAQ
What did STEALTHGAS (GASS) announce about Eco Wizard on December 16, 2025?
When did the Eco Wizard incident occur and what is its status as of Dec 16, 2025?
Will Eco Wizard return to service immediately after arriving in Latvia for assessment?
Did STEALTHGAS (GASS) report any financial impact from the Eco Wizard incident on Dec 16, 2025?
Where can investors expect updates on Eco Wizard from STEALTHGAS (GASS)?
