StealthGas (GASS) Q1 2025 Earnings Call May 28, 2025 10:00 AM ET Company Participants Michael Jolliffe - Chair of the BoardKonstantinos Sistovaris - Interim CFOHarry Vafias - President, CEO & Director Operator Good day, and thank you for standing by. Welcome to the StealthGas First Quarter twenty twenty five Results Conference Call and Webcast. At this time, all participants are in listen only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to ...

StealthGas (GASS) Q1 2025 Earnings Call May 28, 2025 10:00 AM ET Company Participants Michael Jolliffe - Chair of the BoardKonstantinos Sistovaris - Interim CFOHarry Vafias - President, CEO & Director Operator Good day, and thank you for standing by. Welcome to the StealthGas First Quarter twenty twenty five Results Conference Call and Webcast. At this time, all participants are in listen only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to ...

Financial Data and Key Metrics Changes - The company generated $42 million in revenues during Q1 2025, a slight increase from $41.6 million in Q1 2024 but a decrease from $43.5 million in Q4 2024, indicating resilience in commercial operations [4] - Adjusted net income for Q1 2025 was $16.1 million, similar to Q4 2024 but lower than Q1 2024, primarily due to increased expenses [4][20] - Earnings per share on an adjusted basis were 44¢ for the quarter [4] - The company reduced debt by $54 million in 2025, bringing current debt levels close to $30 million, while maintaining a free cash balance of more than double that figure [5][23] Business Line Data and Key Metrics Changes - The company maintained a period coverage of 70% of fleet days for 2025 and secured over $165 million in future revenues [6][10] - Operating expenses increased by 17% to $13.5 million, mainly due to higher crew costs and maintenance fees [18] - The company concluded three period charters during the quarter, with two extensions, leaving five vessels operating in the spot market [8][9] Market Data and Key Metrics Changes - The U.S. accounted for 63% of imports in Northern Europe in Q1 2025, up from 55% in the previous quarter [11] - The LPG market saw a steady upward trend, with global LPG exports increasing by 4.4% in 2024 and the U.S. marking an 8% year-on-year growth in Q1 2025 [25][26] - China and India increased their LPG imports by 8% and 10% year-on-year, respectively, despite geopolitical tensions affecting trade [29][30] Company Strategy and Development Direction - The company is focused on deleveraging and has successfully reduced its debt, aiming to accumulate cash faster [5][23] - The strategy includes diversifying and renewing the fleet, with plans to sell older vessels and replace them with newer ones [6][7] - The company has begun a share repurchase program, spending approximately $1.8 million on share buybacks since the last call [5][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining momentum throughout 2025, despite a period of uncertainty in the market [40][41] - The company noted that almost every major LPG importer has increased imports, while major exporters have significantly increased exports [40][41] - The firm believes that the market will continue to pay premium rates West of Suez due to a shortage of suitable vessels [12] Other Important Information - The company has no vessels held for sale as of March 31, and the debt situation has improved significantly, with a focus on reducing debt levels [21][22] - The company is familiar with the vessels acquired through joint ventures and expects to take delivery of them soon [16] Q&A Session Summary Question: What is the outlook for the LPG market? - The LPG market is expected to continue its upward trend, with the U.S. maintaining strong export growth and traditional exporters in the Middle East looking to strengthen their exports [25][28] Question: How is the company managing its debt? - The company has successfully reduced its debt significantly and is now net debt-free, allowing for faster cash flow accumulation [23][41] Question: What are the company's plans for fleet renewal? - The company plans to sell older vessels and replace them with newer ones, focusing on maintaining a modern and efficient fleet [6][7]

StealthGas Inc. | Q1 2025 Financial and Operating Results | May 28, 2025 | Disclaimer This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "intends," and similar expressions a ...

ATHENS, Greece, May 28, 2025 (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, 2025. OPERATIONAL AND FINANCIAL HIGHLIGHTS First Quarter 2025 Results: Strong profitability continued for the first quarter, with Net income of $14.1 million corresponding to a basic EPS of $0.38, similar to the previou ...

ATHENS, Greece, May 22, 2025 (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, 2025 before the market opens in New York on May 28, 2025. On May 28, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s op ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR (Exact name of Registrant as specified in its charter) Not applicable (Translation of ...

Group 1 - StealthGas Inc. (NASDAQ: GASS) reported double-digit net income growth in the last quarter [1] - The company experienced a significant decrease in total debt [1] - Positive cash flow and free cash flow indicate potential interest from new investors [1] Group 2 - The analyst has a beneficial long position in GASS shares through stock ownership or derivatives [2] - The article expresses the analyst's own opinions without compensation from any company mentioned [2]

Financial Data and Key Metrics Changes - Revenues for Q4 2024 reached $43.5 million, a 27% increase year-over-year, while full-year revenues were $167.3 million, the highest in company history, surpassing the previous record of $164 million in 2018 [6][7][8] - Adjusted earnings per share for Q4 were $0.44, compared to $0.29 in the same quarter last year, and $2.11 for the full year, up from $1.34 [35][8] - Net income for Q4 was $14.2 million, a 60% increase from $8.9 million in Q4 2023, and full-year net income was $69.9 million, a 35% increase from $51.9 million [33][34] Business Line Data and Key Metrics Changes - Net revenues after voyage expenses for Q4 were $40.3 million, a 31% increase, and $155.6 million for the full year, a 19% increase, driven by rechartering vessels at higher rates and the addition of larger vessels [28] - Operating expenses for Q4 were $13.6 million, a 6% increase, while total operating expenses for the year were $49.8 million, a 6% decrease [29][30] Market Data and Key Metrics Changes - Global LPG exports increased by 4.4% in 2024, with the US being the largest exporter, showing an 11% year-on-year growth [43][44] - China and India, the largest importers, increased their LPG imports by 11.5% and 6.6% respectively in 2024 [45] Company Strategy and Development Direction - The company is focused on deleveraging and optimizing cash flow generation, with a strategic priority on maintaining a visible revenue stream [8][10] - The fleet strategy includes conservative diversification and renewal, with no new announcements during the call [11] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism about the company's solid state, despite geopolitical uncertainties affecting LPG trade [54][66] - The company is cautious about the geopolitical landscape, including sanctions on Russian LPG and potential tightening of Iranian sanctions [47][50] Other Important Information - The company has reduced its debt significantly, with current debt levels close to $50 million, marking the first time it is net debt-free [9][41] - A share repurchase program has been renewed with an authorization of up to $10.5 million for share buybacks [10][67] Summary of Q&A Session - There was no question and answer session at the end of the conference call [2]

Core Viewpoint - StealthGas Inc. will release its fourth quarter operating and financial results for the period ended December 31, 2024, on February 21, 2025, before the market opens in New York [1] Group 1: Financial Results Announcement - The company is set to announce its fourth quarter results on February 21, 2025 [1] - The announcement will occur before the market opens in New York [1] Group 2: Conference Call Details - A conference call will be hosted by the company's management on February 21, 2025, at 10:00 am ET to discuss the results and the company's operations and outlook [2] - Participants are required to pre-register to receive dial-in numbers and a personal PIN for the conference call [2] Group 3: Online Registration and Webcast - There will be a live and archived webcast of the conference call available on the StealthGas Inc. website [3] - Participants should register on the website approximately 10 minutes prior to the start of the webcast [3] Group 4: Company Overview - StealthGas Inc. is a ship-owning company that serves the liquefied petroleum gas (LPG) sector of the international shipping industry [4] - The company's fleet includes fully pressurized, semi-refrigerated, and fully refrigerated vessels [4] - StealthGas Inc. is listed on the Nasdaq Global Select Market under the symbol "GASS" [4]