Picture of StealthGas logo

GASS — StealthGas News Story

0.000.00%
us flag iconLast trade - 00:00
EnergyBalancedSmall CapSuper Stock

Vessel operator StealthGas beats Q3 revenue estimates on higher volumes

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

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$44.50 mln$39.20 mln (1 Analyst)
Q3 Adjusted EPSBeat$0.39$0.31 (1 Analyst)
Q3 Adjusted Net IncomeBeat$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.)

Recent news on StealthGas

See all news