Overview

* StealthGas ( GASS ) Q2 revenue hits record $47.2 mln, beating analyst expectations

* Adjusted EPS of $0.59 beats estimates, adjusted net income also exceeds expectations

* Company repaid $86 mln in debt YTD, leaving fully owned fleet unencumbered

Outlook

* StealthGas ( GASS ) expects chartering activity to increase in the fourth quarter

* Company has secured 70% of fleet days for 2025 under period charters

* StealthGas ( GASS ) says has $155 mln in contracted revenues as of Aug

* Eco Wizard incident expected to impact near-term revenue

Result Drivers

* REVENUE GROWTH - Revenue hit a record $47.2 mln, driven by improved TCE rates and market conditions

* DELEVERAGING - Repaid $86 mln in debt YTD, leaving fully owned fleet debt-free

* VOYAGE EXPENSES - Increased due to higher bunker costs and more spot market days

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $47.20 $39.50

Revenue mln mln (1

Analyst)

Q2 Beat $0.59 $0.3 (1

Adjusted Analyst)

EPS

Q2 Beat $21.70 $10.80

Adjusted mln mln (1

Net Analyst)

Income

Q2 Basic $0.55

EPS

Q2 $26.90

EBITDA mln

Q2 $19.70

Income mln

From

Operatio

ns

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)