StealthGas (NASDAQ:GASS) Issues Quarterly Earnings Results, Meets Expectations

StealthGas (NASDAQ:GASS) announced its earnings results on Friday. The shipping company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38, reports. StealthGas had a return on equity of 9.08% and a net margin of 35.03%.The business 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 Stock Up 4.8%

NASDAQ:GASS traded up $0.44 on Friday, hitting $9.62. The stock had a trading volume of 273,930 shares, compared to its average volume of 152,123. The stock has a market cap of $360.94 million, a price-to-earnings ratio of 5.87 and a beta of 0.21. The business’s 50-day simple moving average is $9.61 and its two-hundred day simple moving average is $8.44. StealthGas has a 52-week low of $6.12 and a 52-week high of $10.55.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GASS. Royal Bank of Canada raised its holdings in shares of StealthGas by 343.3% during the fourth quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 3,921 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock valued at $58,000 after acquiring an additional 8,982 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of StealthGas during the fourth quarter valued at approximately $78,000. XTX Topco Ltd acquired a new position in shares of StealthGas during the fourth quarter valued at approximately $79,000. Finally, Jane Street Group LLC acquired a new position in shares of StealthGas during the second quarter valued at approximately $91,000. 66.32% of the stock is 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.