StealthGas (NASDAQ:GASS) Issues Earnings Results

StealthGas (NASDAQ:GASS) released its quarterly earnings data on Friday. The shipping company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38, reports. StealthGas had a net margin of 35.03% and a return on equity of 9.08%. The company had revenue of $38.40 million for the quarter, compared to analysts’ expectations of $38.40 million.

Here are the key takeaways from StealthGas’ conference call:

• Q1 revenue and profitability remained strong, with revenue of $42.8 million, net income of $15.9 million, and adjusted EPS of $0.40, supported by a firm LPG market and improved results in larger vessel sizes.
• The balance sheet is exceptionally strong, as the company reiterated it has zero bank debt, only $26 million of total liabilities, and cash rose to $131.2 million at quarter-end, reaching $155 million today.
• Visibility into future earnings remains solid, with about $52 million of revenue secured for the rest of 2026, 45% of fleet days covered one year forward, and roughly $100 million in contracted revenue through 2029.
• Fleet activity is being actively managed through vessel sales and potential renewal plans, including the agreed sale of Eco Royalty and previous disposals, as management looks to replace older tonnage with newer ships when timing is right.
• The Eco Wizard remains an unresolved overhang, with the vessel still impaired after last July’s incident and the company still negotiating with insurers, though management expects a resolution within the current month or next quarter.

StealthGas Trading Up 4.8%

Shares of NASDAQ:GASS traded up $0.44 on Friday, reaching $9.62. 273,383 shares of the company were exchanged, compared to its average volume of 151,619. StealthGas has a 1-year low of $6.12 and a 1-year high of $10.55. The firm has a market cap of $360.94 million, a price-to-earnings ratio of 5.87 and a beta of 0.21. The company has a 50-day moving average of $9.61 and a 200-day moving average of $8.44.

Institutional Investors Weigh In On StealthGas

A number of large investors have recently added to or reduced their stakes in GASS. Bank of America Corp DE lifted its holdings in StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock valued at $58,000 after purchasing an additional 8,982 shares in the last quarter. Jump Financial LLC lifted its holdings in StealthGas by 249.2% in the 2nd quarter. Jump Financial LLC now owns 38,651 shares of the shipping company’s stock valued at $248,000 after purchasing an additional 27,583 shares in the last quarter. Jane Street Group LLC purchased a new position in StealthGas in the 2nd quarter valued at about $91,000. WINTON GROUP Ltd purchased a new position in StealthGas in the 3rd quarter valued at about $276,000. Finally, UBS Group AG lifted its holdings in StealthGas by 21.4% in the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock valued at $1,704,000 after purchasing an additional 45,846 shares in the last quarter. 66.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.