StealthGas (NASDAQ:GASS – Get Free Report) released its earnings results on Wednesday. The shipping company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07), FiscalAI reports. The company had revenue of $42.91 million for the quarter, compared to analyst estimates of $44.90 million. StealthGas had a net margin of 35.91% and a return on equity of 8.72%.
Here are the key takeaways from StealthGas’ conference call:
- Profitability remained strong, with second-quarter net income of $17.3 million, EPS of $0.46, and a 40% profit margin despite a smaller fleet and lower revenue than last year.
- StealthGas reported a debt-free balance sheet and liquidity exceeding $250 million after receiving more than $77 million from the Eco Wizard insurance settlement, creating substantial financial flexibility.
- Fleet coverage remains meaningful but below management’s target, with 60% of remaining 2026 fleet days and 45% of forward fleet days secured; the company has about $90 million in contracted future revenue through 2029.
- Management intends to use its growing cash balance to renew the fleet, while continuing to sell older vessels; 13 vessel sales since 2023 have generated approximately $170 million and reduced the fleet to 25 vessels.
- Geopolitical disruptions have supported shipping rates by increasing ton-miles and U.S. LPG exports, but prolonged conflict could cause demand destruction; LPG imports fell sharply in India and China, while the MGC order book remains elevated at roughly 40% of the existing fleet.
StealthGas Stock Performance
NASDAQ GASS traded down $0.12 on Wednesday, reaching $9.49. The company’s stock had a trading volume of 255,545 shares, compared to its average volume of 142,333. StealthGas has a twelve month low of $6.12 and a twelve month high of $10.55. The firm’s 50 day moving average is $8.85 and its two-hundred day moving average is $9.14. The stock has a market cap of $357.00 million, a PE ratio of 5.65 and a beta of 0.25.
Hedge Funds Weigh In On StealthGas
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of StealthGas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, StealthGas currently has a consensus rating of “Buy”.
View Our Latest Research Report on StealthGas
About StealthGas
StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.
Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.
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