StealthGas, Inc. - GASS STOCK NEWS

StealthGas Inc. (NASDAQ:GASS) announced it will release its second quarter and six months operating and financial results for the period ending June 30, 2021, ahead of market opening on August 25, 2021. A conference call is scheduled for the same day at 11:00 am ET to discuss the results and company outlook. The company operates a fleet of 50 vessels, primarily serving the liquefied petroleum gas (LPG) sector, with a total LPG capacity of 441,488 cbm. This includes 46 carriers and additional product tankers.

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.