Overview
StealthGas Q3 revenue grows 10% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting operational efficiency
Company repaid $85.9 mln in debt, all vessels now unencumbered
Outlook
StealthGas secures 85% of 2025 fleet days on period charters
Company expects $130 mln in contracted revenues for 2025
StealthGas sees increasing charter rates in current quarter
Result Drivers
FLEET EXPANSION - Revenue increase attributed to more vessels and improved market conditions
HIGHER EXPENSES - Increase in voyage expenses due to more spot market days and higher bunker costs
DEBT REPAYMENT - All vessels unencumbered following $85.9 mln debt repayment
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$44.50 mln
$39.20 mln (1 Analyst)
Q3 Adjusted EPS
Beat
$0.39
$0.31 (1 Analyst)
Q3 Adjusted Net Income
Beat
$14.40 mln
$11.20 mln (1 Analyst)
Q3 Basic EPS
$0.36
Q3 EBITDA
$19.50 mln
Press Release: ID:nGNX5zC7WV
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)