
Overview
StealthGas Q3 revenue grows 10% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting operational efficiency
Company repaid $85.9 mln in debt, all vessels now unencumbered
Outlook
StealthGas secures 85% of 2025 fleet days on period charters
Company expects $130 mln in contracted revenues for 2025
StealthGas sees increasing charter rates in current quarter
Result Drivers
FLEET EXPANSION - Revenue increase attributed to more vessels and improved market conditions
HIGHER EXPENSES - Increase in voyage expenses due to more spot market days and higher bunker costs
DEBT REPAYMENT - All vessels unencumbered following $85.9 mln debt repayment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $44.50 mln | $39.20 mln (1 Analyst) |
Q3 Adjusted EPS | Beat | $0.39 | $0.31 (1 Analyst) |
Q3 Adjusted Net Income | Beat | $14.40 mln | $11.20 mln (1 Analyst) |
Q3 Basic EPS |
| $0.36 |
|
Q3 EBITDA |
| $19.50 mln |
|
Press Release: ID:nGNX5zC7WV
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