StealthGas Q1 Earnings Call Highlights

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MarketBeat

Fri, June 5, 2026 astatine 10:02 AM CDT 8 min read

Key Points

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StealthGas posted higher Q1 revenue of $42.8 million, with adjusted nett income of $15 cardinal and adjusted EPS of $0.40. The institution said results were supported by a steadfast LPG shipping marketplace contempt less revenue-earning days.
The equilibrium expanse remains debt-free and cash-rich, with currency rising to $131.2 cardinal astatine quarter-end and absorption aboriginal citing astir $155 cardinal connected the call. StealthGas has repaid $350 cardinal of indebtedness implicit 3 years and says the zero-debt operation improves flexibility and lowers breakeven costs.
Revenue visibility is strong, with astir $100 cardinal successful contracted gross and 55% of fleet days for the remainder of 2026 already fixed. Management besides said the institution is selling older vessels, portion the unresolved Eco Wizard security substance should beryllium settled wrong the existent period oregon adjacent quarter.

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StealthGas (NASDAQ:GASS) reported higher first-quarter gross and continued to stress its debt-free equilibrium sheet, increasing currency presumption and charter sum during its first-quarter 2026 net call.

Chairman Michael Jolliffe said gross roseate to $42.8 cardinal successful the quarter, up 2% from $42 cardinal successful the archetypal 4th of 2025 and 9% from $39.4 cardinal successful the anterior quarter. Adjusted nett income was $15 million, compared with $16 cardinal a twelvemonth earlier and $13.3 cardinal successful the erstwhile quarter. Adjusted net per stock were $0.40.

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Jolliffe said the institution has maintained "a precise flexible superior structure" aft completing its strategical deleveraging extremity past July. He noted that StealthGas repaid $350 cardinal of indebtedness implicit the anterior 3 years and present has zero slope debt. The institution has besides repurchased $21.2 cardinal of shares since 2023, though it did not repurchase shares during the archetypal 4th arsenic the banal terms appreciated.

Revenue Visibility and Fleet Activity

StealthGas said it had astir $100 cardinal successful contracted gross arsenic of June, with charters extending arsenic acold arsenic 2029. Jolliffe said 45% of fleet calendar days 1 twelvemonth guardant are secured by play charters, portion 55% of fleet days for the remainder of 2026 are already fixed, representing astir $52 cardinal successful gross for the remainder of the year.

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The institution concluded 5 caller play charters of 3 months oregon longer during the play pursuing its anterior update. Jolliffe said 1 charter was for 2 years, 1 for 1 twelvemonth and 3 for six months. Despite that activity, helium said spot vulnerability had accrued entering the summertime months, with 5 operating vessels successful the spot market. "Our volition is to trim the spot exposure," helium said.

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