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 leading global energy seaborne transportation company, specializing in the carriage of liquefied petroleum gas (LPG) and various petrochemical gas products. Based in Greece, StealthGas operates a fleet of 35 LPG carriers, which includes 33 currently in operation and 2 newbuildings set for delivery. The company’s vessels transport products such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, which are all by-products of oil and natural gas production. These products are carried in liquefied form to reduce volume and ease handling.
Core Business: StealthGas provides its services to LPG producers and users worldwide, facilitating the global trade of essential energy and petrochemical products. The company’s strategic focus lies in the 3,000 to 8,000 cubic meters (cbm) LPG carrier segment, where it ranks number one globally in terms of owned vessels. The fleet has an average age of approximately 11.3 years and a total carrying capacity of 168,097 cbm.
Recent Achievements and Current Projects: StealthGas has maintained strong fundamentals in the handysize LPG carrier sector, aiming to grow and consolidate its fleet. Recent endeavors include the acquisition of new vessels to modernize their fleet and enhance operational efficiency. Financially, the company shows resilience with steady EBITDA and adjusted net income figures, showcasing robust financial health.
Partnerships and Market Position: StealthGas has established significant partnerships with oil producers, refineries, and commodities traders, ensuring a steady demand for its transportation services. The company is well-regarded for its reliability and capacity to meet the intricate logistics needs of its clients.
Financial Condition: StealthGas continues to exhibit a sound financial standing, with adjusted EBITDA and net income reflecting the company’s ability to generate consistent revenue. As the demand for LPG and petrochemical transportation grows, StealthGas is well-positioned to leverage its extensive fleet and market expertise.
For the latest updates on StealthGas, including detailed financial reports and conference call information, please refer to the most recent news releases and announcements.
STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company focused on the LPG sector, reported Q1 2021 results with voyage revenues of $37.4 million, up 8.7% year-over-year. Fleet utilization was 98.7%, while operational utilization stood at 93.1%. The company secured 61% of fleet days on period charters, generating about $87 million in contracted revenues. However, net income fell to $0.8 million ($0.02 EPS), down from $3.0 million ($0.08 EPS) a year ago, attributed to increased operational costs and lower bareboat activity.
STEALTHGAS INC. (NASDAQ: GASS) announced it will release its first quarter operating and financial results for the period ended March 31, 2021, before the market opens in New York on May 26, 2021. The management will host a conference call on the same day at 11:00 am ET to discuss the results and company outlook. The company operates a fleet of 49 vessels, including 45 LPG carriers with a total capacity of 401,488 cbm, and is focused on the liquefied petroleum gas sector in international shipping.
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.
FAQ
What is the current stock price of StealthGas (GASS)?
What is the market cap of StealthGas (GASS)?
What does StealthGas, Inc. specialize in?
How many vessels does StealthGas currently operate?
What is the average age of StealthGas's fleet?
What kinds of products does StealthGas transport?
Who are the primary clients of StealthGas?
What is StealthGas's strategic focus in the shipping market?
What recent achievements has StealthGas made?
How financially stable is StealthGas?
How can I get the latest updates on StealthGas?
What is the total carrying capacity of the StealthGas fleet?
