Press Releases

STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE SECOND QUARTER AND SIX MONTHS 2021 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, GREECE August 23, 2021. STEALTHGAS INC. (NASDAQ:GASS) (the “Company”), a ship-owning company serving primarily the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its second quarter and six months operating and financial results for the period ended June 30, 2021 before the market opens in New York on August 25, 2021.

On August 25, 2021 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

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STEALTHGAS INC. REPORTS FIRST QUARTER 2021 FINANCIAL AND OPERATING RESULTS

ATHENS, GREECE, May 26, 2021. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily 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, 2021.

OPERATIONAL AND FINANCIAL HIGHLIGHTS[1]

  • Fleet utilization of 98.7% with 50 days of technical off hire mainly as a result of one drydocking completed within Q1 2021.
  • Operational utilization of 93.1% mainly due to 15 of our ships having a predominant presence in the spot market - equivalent to 31.2% of voyage days.
  • 61% of fleet days secured on period charters for the remainder of 2021, with total fleet employment days for all subsequent periods generating approximately $87 million (excluding vessels in joint ventures) in contracted revenues. Period coverage for the remainder of  Q2 21’ is currently 80%.
  • Sale and delivery in Q2 21’, of the 35,000 cbm MGC vessel, the Gaschem Hamburg (2010 built), owned by our MGC joint venture arrangement, for a price of $34 million generating an aggregate gain, for the Joint Venture, of $7 million.
  • Voyage revenues of $37.4 million in Q1 21’, an increase of $3.0 million compared to Q1 20’ mostly due to a 58% in the fleet’s bareboat activity where revenues are inherently lower than those earned from time charter and spot activity.
  • Net income of $0.8 million for Q1 21’ corresponding to an EPS of $0.02 compared to  net income of $3.0 million corresponding to an EPS of $0.08 in the same period of last year.
  • EBITDA of $13.4 million in Q1 21’ compared to $16.5 million in Q1 20’ - due to lower operational utilization as a result of higher spot activity.
  • Low gearing, as debt to assets stands at 37.7%, and a quarter over quarter reduction in finance costs by $1.1 million.
  • Total cash, including restricted cash, of $52.9 million with no capital expenditure commitments in the near future.

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STEALTHGAS INC. Announces the Date for the Release of the Third Quarter and Nine Months 2020 Financial and Operating Results, Conference Call and Webcast

ATHENS, Greece, Nov. 23, 2020 - STEALTHGAS INC. (NASDAQ:GASS), a ship-owning company serving primarily the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its third quarter and nine months operating and financial results for the period ended September 30, 2020 before the market opens in New York on November 25, 2020.

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STEALTHGAS Inc. Announces the Date for the Release of the First Quarter 2021 Financial and Operating Results, Conference Call and Webcast

ATHENS, GreeceMay 24, 2021 -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving primarily 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, 2021 before the market opens in New York on May 26, 2021.

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STEALTHGAS INC. REPORTS SECOND QUARTER AND SIX MONTHS 2020 FINANCIAL AND OPERATING RESULTS

ATHENS, GREECE, August 21, 2020. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily 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, 2020.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

  • Fleet utilization of 99.7% in Q2 ’20 - with only 11 days of technical off hire.
  • Fleet operational utilization of 97.1% in Q2 ’20, mainly due to few of our ships being in the spot market - equivalent to 10.8% of voyage days.
  • Fleet calendar days down 6.5% quarter over quarter to 3,743, attributed to our strategic fleet contraction.
  • About 71% of fleet days are secured on period charters for the remainder of 2020, with total fleet employment days for all subsequent periods representing approximately $112 million in contracted revenues. Period coverage for 2021 is currently 32%.
  • Voyage revenues of $36.3 million in Q2 ’20, an increase of $2.2 million compared to Q2 ’19 mostly due to the sharp rise (20%) of revenues stemming from our time charters and reduced presence in the spot market by 48% which were partly offset by the fewer chartered-in vessels.
  • Net Income of $8.9 million for Q2 ’20, corresponding to an EPS of $0.23, our best quarterly performance since the first quarter of 2013.
  • EBITDA of $21.8 million in Q2 ’20, compared to $14.6 million in Q2 ’19.
  • Low gearing, as debt to assets stands at 37.7% and quarter over quarter reduction in finance costs by $1.7 million.
  • Total cash of $51.5 million as of June 30, 2020 - following the cash utilization for the acquisition of two new small LPG vessels from affiliates. The first vessel was delivered in June 2020 while the second vessel will be delivered in September 2020. 

 

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STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE SECOND QUARTER AND SIX MONTHS 2020 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, GREECE August 18, 2020. STEALTHGAS INC. (NASDAQ:GASS) (the “Company”), a ship-owning company serving primarily the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its second quarter and six months operating and financial results for the period ended June 30, 2020 before the market opens in New York on August 21, 2020.

On August 21, 2020 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

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STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE FOURTH QUARTER AND TWELVE MONTHS 2020 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, GREECE February 22, 2021. STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving primarily the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its fourth quarter and twelve months operating and financial results for the period ended December 31, 2020 before the market opens in New York on February 25, 2021.

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