LPG shipowner StealthGas' Q1 adjusted profit falls, hurt by war risk premiums

StealthGas

05/06/2026 14:14

Overview
LPG shipowner's Q1 revenue rose 2% yr/yr; adjusted EPS declined, adjusted net income fell
Company recorded $2.5 mln gain from vessel sale in Q1
Higher drydock and voyage expenses due to Middle East instability impacted results 

Outlook
Company has about 54% of fleet days for remainder of 2026 secured under period contracts
Company expects contracted revenues of about $53 mln for remainder of 2026, $100 mln in total
Company says market fundamentals remain positive but geopolitical risks continue to impact outlook

Result Drivers
VESSEL SALE GAIN - Co recorded $2.5 mln gain from sale of one vessel in Q1
HIGHER REVENUE PER VESSEL - Co said remaining vessels earned higher revenues due to better market conditions
INCREASED VOYAGE AND DRYDOCK COSTS - Higher voyage expenses driven by war risk premiums and elevated drydocking costs due to more vessels undergoing maintenance

Company press release: ID:nGNX4K8cms

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$42.8 mln
$38.4 mln (1 Analyst)
Q1 Adjusted EPS
 
$0.40
$0.38 (1 Analyst)
Q1 Adjusted Net Income
 
$15 mln
$13.9 mln (1 Analyst)
Q1 Basic EPS
 
$0.43
 
Q1 EBITDA
 
$20.7 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)