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StealthGas: High Risk/Reward Bet On Small LPG Carriers
Seeking Alpha· 2024-04-04 07:05
MihailDechev Note: I previously covered StealthGas (NASDAQ:GASS). In my previous article, I discussed the small gas carriers’ market, the GASS fleet and its prudent capital structure, and the company’s valuation. Today, I will review the LPG market and GASS 2023 figures and update the company’s valuation. LPG market preview From a distance, the LPG carriers market seems over-saturated, considering the composite order book of 23%. However, we must look closer. The VLGCs (Very Large Gas carriers) have a highe ...
StealthGas(GASS) - 2023 Q4 - Annual Report
2024-02-23 21:16
ATHENS, GREECE, February 21, 2024. 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 fourth quarter and twelve months ended December 31, 2023. OPERATIONAL AND FINANCIAL HIGHLIGHTS Fourth Quarter 2023 Results: • All-time record Net Income of $51.9 million for the twelve-month period, a 51% increase compared to last year, corresponding to a basic EP ...
StealthGas(GASS) - 2023 Q3 - Quarterly Report
2023-11-21 16:00
STEALTHGAS INC. REPORTS THIRD QUARTER AND NINE MONTHS 2023 FINANCIAL AND OPERATING RESULTS ATHENS, GREECE, November 21, 2023. 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 third quarter and nine months ended September 30, 2023. OPERATIONAL AND FINANCIAL HIGHLIGHTS Third Quarter 2023 Results: • All-time record Net Income of $43.0 million for th ...
StealthGas(GASS) - 2023 Q2 - Quarterly Report
2023-08-20 16:00
Exhibit 99.1 STEALTHGAS INC. REPORTS SECOND QUARTER AND SIX MONTHS 2023 FINANCIAL AND OPERATING RESULTS ATHENS, GREECE, August 18, 2023. 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 second quarter and six months ended June 30, 2023. OPERATIONAL AND FINANCIAL HIGHLIGHTS1 Second Quarter 2023 Results: • All-time record Net Income of $27.3 millio ...
StealthGas(GASS) - 2023 Q2 - Earnings Call Transcript
2023-08-18 17:26
StealthGas Inc. (NASDAQ:GASS) Q2 2023 Results Conference Call August 18, 2023 11:00 AM ET Harry Vafias - CEO Tate Sullivan - Maxim Group Good day, and thank you for standing by. Welcome to the StealthGas Q2 2023 Results Conference Call. At this time all participants are in a listen-only mode. After the speakersÂ' presentation, there will be a question-andanswer session. [Operator Instructions] Please be advised that todayÂ's conference is being recorded. Good morning, everyone, and welcome to our second qua ...
StealthGas(GASS) - 2023 Q1 - Earnings Call Transcript
2023-05-24 18:25
StealthGas Inc. (NASDAQ:GASS) Q1 2023 Earnings Conference Call May 24, 2023 11:00 AM ET Company Participants Konstantinos Sistovaris - Investor Relations Harry Vafias - Chief Executive Officer Conference Call Participants Tate Sullivan - Maxim Group Climent Molins - Value Investor’s Edge Operator Good day and thank you for standing by. Welcome to the StealthGas Q1 2023 Results Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the c ...
StealthGas(GASS) - 2023 Q1 - Earnings Call Presentation
2023-05-24 18:24
1| Highlights| StealthGas Key Highlights • Our JV entered into an agreement to sell its medium gas carrier, Eco Evoluzione, for c.$40million, that was delivered to buyers in March 2023. • Maintaining strong liquidity position of $92.6 million, (cash, restricted cash, investments) and reducing leverage further. |Fleet & Operations • Further reduced spot market exposure and increased operational utilization. • Recently entered into agreements to sell at a profit 4 vessels (Eco Texiana, Eco Czar, Eco Nemesis a ...
StealthGas(GASS) - 2023 Q1 - Quarterly Report
2023-05-24 16:00
Exhibit 99.1 STEALTHGAS INC. REPORTS RECORD FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS ATHENS, GREECE, May 24, 2023. 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, 2023. OPERATIONAL AND FINANCIAL HIGHLIGHTS1 • Voyage expenses and vessels' operating expenses for the three months ended March 31, 2023 were $4. ...
StealthGas(GASS) - 2022 Q4 - Annual Report
2023-04-26 16:00
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, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...
StealthGas(GASS) - 2022 Q4 - Earnings Call Presentation
2023-02-22 01:24
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 are intended to identify forwardlooking statements. Actual results and the timing of ce ...