Core Insights - StealthGas Inc. has reported developments regarding the Eco Wizard LPG carrier incident that occurred on July 6, 2025, indicating that the vessel has completed temporary repairs and has left Russia under tow, arriving in Latvia for further assessment [1] Company Overview - StealthGas Inc. operates in the liquefied petroleum gas (LPG) sector of the international shipping industry, owning a fleet of 29 LPG carriers, including one joint venture vessel, with a total capacity of 339,134 cubic meters [2] Fleet Information - The company’s fleet consists of 29 LPG carriers, which are crucial for its operations in the LPG shipping market [2]

Financial Performance - Revenues reached $44.5 million in Q3 2025, a 10% increase compared to $40.4 million in Q3 2024 [5, 14] - Adjusted net income was $14.4 million in Q3 2025, slightly up from $14.2 million in Q3 2024 [5] - The company eliminated bank debt by repaying $86 million during 2025 and approximately $350 million in the last 3 years [5, 18] - Share repurchases totaled $1.8 million this year, bringing the total to $21.2 million since 2023 [5] Fleet and Operations - Over 57% of fleet days one year forward are fixed, with contracted revenues exceeding $130 million for all subsequent periods, excluding the JV vessel [5] - The company sold two small LPG carriers in 2025 and purchased the remaining 50% share in two small LPG carriers from its joint venture partner [5] - Increased period coverage for 2026 to 46% and secured over $77 million in revenues for next year [9] Market Trends - Global LPG exports continue to grow steadily, with a 5% increase in 9M 2025 [26] - US exports experienced strong growth of 6% year-over-year in 9M 2025 [26] - Approximately 30% of the small LPG fleet is over 20 years of age, indicating an aging fleet [30] Future Considerations - The company has significant operating leverage due to its sizeable fleet and reduced exposure to the spot market, providing high earnings visibility [34] - The company maintains a healthy capital structure with zero debt and high liquidity [34]