StealthGas Q4 Earnings Call Highlights

Konstantinos Sistovaris, who reviewed the financials, said fourth-quarter operational utilization fell to 89% due to dry dockings and increased off-hire days related to spot exposure, “especially on a couple of the larger vessels.” While fleet days rose 3% year over year, the lower utilization weighed on revenue. He added that operating expenses were $12.7 million for the quarter and “well contained,” while G&A, depreciation, and interest expense declined, with interest costs reduced by $1.4 million after t ...