StealthGas (NASDAQ:GASS) Issues Earnings Results

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

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 Stock Up 4.8%

Shares of GASS stock traded up $0.44 during trading hours on Friday, hitting $9.62. 273,383 shares of the company were exchanged, compared to its average volume of 151,619. The firm has a market cap of $360.94 million, a PE ratio of 5.87 and a beta of 0.21. StealthGas has a 1 year low of $6.12 and a 1 year high of $10.55. The firm has a fifty day moving average of $9.61 and a 200 day moving average of $8.44.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. WINTON GROUP Ltd raised its holdings in StealthGas by 38.0% in the fourth quarter. WINTON GROUP Ltd now owns 58,139 shares of the shipping company’s stock valued at $408,000 after buying an additional 16,005 shares during the period. NewEdge Advisors LLC raised its holdings in StealthGas by 38.0% in the fourth quarter. NewEdge Advisors LLC now owns 47,706 shares of the shipping company’s stock valued at $335,000 after buying an additional 13,141 shares during the period. Jump Financial LLC raised its holdings in StealthGas by 249.2% in the second quarter. Jump Financial LLC now owns 38,651 shares of the shipping company’s stock valued at $248,000 after buying an additional 27,583 shares during the period. State Street Corp raised its holdings in StealthGas by 4.7% in the fourth quarter. State Street Corp now owns 29,737 shares of the shipping company’s stock valued at $209,000 after buying an additional 1,340 shares during the period. Finally, Sei Investments Co. raised its holdings in StealthGas by 14.8% in the third quarter. Sei Investments Co. now owns 30,311 shares of the shipping company’s stock valued at $199,000 after buying an additional 3,899 shares during the period. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

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.