StealthGas

StealthGas, Inc. engages in the provision of international energy seaborne transportation services to liquefied petroleum gas sectors. It owns fleet of vessels that carry petroleum and petrochemical gas products in liquefied form such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer. The company was founded in December 22, 2004 and is headquartered in Athens, Greece.

Earnings data Q4 2020

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StealthGas reports record profits, focuses on debt reduction and growth

StealthGas delivered strong financial performance in Q1 2024, with record profits, revenue growth, and operational efficiency.
The company's focus on debt reduction, fleet optimization, and revenue visibility positions it well for future growth and stability.
While facing challenges in sector transitions and global economic conditions, StealthGas has opportunities to expand in ammonia trade and diverse regional markets.

StealthGas reports record profits and stable fleet, eyes strategic growth

StealthGas delivered exceptional financial results in Q2 2024, driven by record profits, revenue growth, and operational efficiency, bolstered by debt reduction and fleet stability.
While facing challenges such as asset valuation fluctuations and potential revenue uncertainties, the company's strategic strengths in share buybacks, fleet diversification, and operational performance position it well for future growth.
Opportunities lie in leveraging the strong financial foundation for strategic investments, continued chartering activities, and market expansion to navigate industry challenges and drive sustained profitability.

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StealthGas's fleet of 27 LPG carriers, with an average age of 10.3 years, is primarily employed under time charters, ensuring a stable revenue backlog. GASS reported impressive 2Q24 results, with a 14% YoY revenue increase and 146% YoY net income growth. In 1H24, GASS repurchased 3.9 million shares, resulting in a 7.13% buyback yield. The company keeps its balance sheet in shape. As of September 2024, the company reported 18.1% total debt/equity, $71.4 million cash, and $131 million total liabilities.

StealthGas: Excellent Financials And Supporting Tailwinds

StealthGas, Inc. (NASDAQ:GASS ) Q2 2024 Earnings Conference Call September 5, 2024 11:00 AM ET Company Participants Michael Jolliffe - Chairman of the Board Harry Vafias - President and CEO Konstantinos Sistovaris - Chief Financial Officer Conference Call Participants Operator Good day, and thank you for standing by. Welcome to the StealthGas Second Quarter 2024 Results Conference Call and Webcast.

StealthGas, Inc. (GASS) Q2 2024 Earnings Call Transcript

ATHENS, Greece, Sept. 05, 2024 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2024.

STEALTHGAS INC. Reports Second Quarter and Six Months 2024 Financial and Operating Results

ATHENS, Greece, Aug. 26, 2024 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its second quarter operating and financial results for the period ended June 30, 2024 before the market opens in New York on September 5, 2024.

STEALTHGAS INC. Announces the Date for the Release of the Second Quarter and Six Months 2024 Financial and Operating Results, Conference Call and Webcast

StealthGas is set to release Q2 2024 earnings in just a couple of weeks, with a 35% drop in share price since June 2024. Despite a 16% reduction in thier fleet size, StealthGas achieved a 14% YoY increase in net voyage revenue and a 5% YoY rise in net income in Q1 2024. Management's debt reduction plans will lead to higher margins for FY 2024, and I am highly encouraged by their recent share buyback activity.

StealthGas: 35% Selloff Prior To Q2 Earnings Makes Them A Compelling Buy

StealthGas Inc. (NASDAQ:GASS ) Q1 2024 Earnings Call Transcript May 22, 2024 11:00 AM ET Company Participants Michael Jolliffe - Chairman Konstantinos Sistovaris - CFO Harry Vafias - CEO Operator Good day, and thank you for standing by. Welcome to the StealthGas Q1 2024 Results Conference Call and Webcast.

StealthGas Inc. (GASS) Q1 2024 Earnings Call Transcript

ATHENS, Greece, May 22, 2024 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2024.

STEALTHGAS INC. Reports First Quarter 2024 Financial and Operating Results

ATHENS, Greece, May 17, 2024 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its first quarter operating and financial results for the period ended March 31, 2024 before the market opens in New York on May 22, 2024.

STEALTHGAS INC. Announces the Date for the Release of the First Quarter 2024 Financial and Operating Results, Conference Call and Webcast

StealthGas remains one of my top speculative picks. The company is a bet on widening the deficit of small/handysize LPG carriers. GASS delivered good 2023 results, including robust operating and FCF growth and elevated profit margins. GASS stock trades at a massive discount to PNAV and compared to its peers. The company is not an income play but a growth speculative idea.

StealthGas: High Risk/Reward Bet On Small LPG Carriers

StealthGas Inc. (GASS) Q4 2023 Earnings Call Transcript

ATHENS, Greece, Feb. 21, 2024 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2023.

STEALTHGAS INC. Reports Fourth Quarter and Twelve Months 2023 Financial and Operating Results

ATHENS, Greece, Feb. 15, 2024 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its fourth quarter operating and financial results for the period ended December 31, 2023 before the market opens in New York on February 21, 2024.

STEALTHGAS INC. Announces the Date for the Release of the Fourth Quarter and Twelve Months 2023 Financial and Operating Results, Conference Call and Webcast

StealthGas is a dominant player in the small gas carriers market, with an average fleet age of ten years. The small gas carriers have record low order book: 5% for 5,000-14,999 cbm and 1% for

StealthGas: An Obscure Shipping Stock With Healthy Financials Trading At 0.5 PB

StealthGas is a deeply undervalued investment opportunity, trading at 0.36x estimated book value and with a catalyst for earnings growth. The Panama Canal situation isn't well understood, and the market is underestimating the potential free cash flow benefit from longer-than-expected transit restrictions. Bargain value stock should rise to a book value of around $17.70 per share, approximately 270% higher than today's stock price.

StealthGas: 0.36x Book Value Going Into A Rising Earnings Cycle

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StealthGas Inc. (GASS) Q3 2023 Earnings Call Transcript

ATHENS, Greece, Nov. 21, 2023 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the third quarter and nine months ended September 30, 2023.

STEALTHGAS INC. Reports Third Quarter and Nine Months 2023 Financial and Operating Results

ATHENS, Greece, Nov. 15, 2023 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its third quarter operating and financial results for the period ended September 30, 2023 before the market opens in New York on November 21, 2023.

STEALTHGAS INC. Announces the Date for the Release of the Third Quarter and Nine Months 2023 Financial and Operating Results, Conference Call and Webcast

StealthGas is well-positioned to benefit from a strong LPG shipping market and is one of the cheapest marine shipping companies available. The company's LPG fleet is on time charters, but it has many vessels that are scheduled to come off charters by year-end. The stock is a speculative "Buy."

StealthGas Looks Poised To Benefit From Time Charter Expirations

ATHENS, Greece, Oct. 26, 2023 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today a $10 million increase to its existing common stock repurchase program for a total aggregate amount of $25 million. Shares of common stock may be purchased, from time to time, in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or discontinued at any time. As of the date hereof, the Company has repurchased an aggregate of approximately $19.1 million of common stock, including two million shares from an institutional investor for an aggregate purchase price of $10.2 million in a privately negotiated transaction.

STEALTHGAS INC. Announces Increase in Share Repurchase Program to $25 Million

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StealthGas is a successful player in the LPG shipping industry, with a strong fleet and strategic agility. The company has shown record profitability in the first half of 2023, with a reduction in debt and strong financial positioning. GASS is expanding its fleet with larger, more modern vessels, which will increase revenue and profit generation.

StealthGas: Flying Under The Radar

StealthGas Inc. (NASDAQ:GASS ) Q2 2023 Results Conference Call August 18, 2023 11:00 AM ET Company Participants Michael Jolliffe - Chairman Harry Vafias - CEO Konstantinos Sistovaris - IR Conference Call Participants Tate Sullivan - Maxim Group Climent Molins - Value Investor's Edge Operator Good day, and thank you for standing by. Welcome to the StealthGas Q2 2023 Results Conference Call.

StealthGas Inc. (GASS) Q2 2023 Earnings Call Transcript

ATHENS, Greece, Aug. 18, 2023 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023.

STEALTHGAS INC. Reports Second Quarter and Six Months 2023 Financial and Operating Results

ATHENS, Greece, Aug. 14, 2023 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its second quarter operating and financial results for the period ended June 30, 2023 before the market opens in New York on August 18, 2023.

STEALTHGAS INC. Announces the Date for the Release of the Second Quarter and Six Months 2023 Financial and Operating Results, Conference Call and Webcast

News for StealthGas Stock (GASS)