Liquefied Petroleum Gas (LPG)

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Quality Industrial Corp. Reports Fiscal Year 2024 Results; Subsidiary Al Shola Gas Achieves 31.1% Year-Over-Year Revenue Growth
Globenewswire· 2025-04-28 15:01
Core Insights - Quality Industrial Corp. ("QIND") reported a significant turnaround in financial performance for the fiscal year ended December 31, 2024, primarily due to the consolidation of its subsidiary Al Shola Gas and operational improvements [4][8]. Financial Performance - Total revenue for QIND was $11,177,567 for the year ended December 31, 2024, driven by the acquisition and consolidation of Al Shola Gas starting in April 2024 [8]. - Al Shola Gas generated revenue of $14,268,840 for the twelve months ended December 31, 2024, representing a 31.1% increase compared to $10,839,209 in 2023 [8]. - Operating expenses increased to $3,280,008 in 2024 from $2,766,256 in 2023, with general and administrative expenses remaining consistent year-over-year [8]. - Professional fees rose to $849,925 in 2024 from $315,011 in 2023, influenced by one-off expenses related to a financial reaudit and legal fees from the merger with Fusion Fuel Green PLC [8]. - QIND achieved a net income of $266,780 in 2024, a recovery from a net loss of $4,232,732 in 2023, with Al Shola Gas contributing a net income of $2,051,645, an increase of 17.6% over 2023 [8]. Strategic Outlook - In 2025, QIND plans to allocate additional resources to Al Shola Gas to enhance operational efficiency, expand sales volume, and improve financial performance [5]. - Planned capital investments include acquiring new vehicles for bulk LPG supply operations, which are expected to support further revenue growth [5].
Is It Worth Investing in Dorian LPG (LPG) Based on Wall Street's Bullish Views?
ZACKS· 2025-04-11 14:30
Core Viewpoint - Dorian LPG has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, based on recommendations from four brokerage firms, all of which are Strong Buy [2] Group 1: Brokerage Recommendations - The ABR of 1.00 for Dorian LPG is derived from four Strong Buy recommendations, representing 100% of the total recommendations [2] - Despite the Strong Buy recommendation, reliance solely on brokerage recommendations may not be wise, as studies show limited success in guiding investors to stocks with the best price increase potential [5] - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" [6][10] Group 2: Zacks Rank vs. ABR - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is a more reliable indicator of near-term price performance compared to ABR, as it is driven by earnings estimate revisions [8][11] - The Zacks Rank is timely in predicting future stock prices, as it reflects constant revisions of earnings estimates by brokerage analysts [12] - Dorian LPG currently holds a Zacks Rank 3 (Hold), indicating a cautious outlook despite the Buy-equivalent ABR [14] Group 3: Earnings Estimates - The Zacks Consensus Estimate for Dorian LPG's earnings for the current year remains unchanged at $2.60, suggesting steady analyst views on the company's earnings prospects [13] - The unchanged consensus estimate may lead to the stock performing in line with the broader market in the near term [13]