StealthGas (NASDAQ:GASS) Issues Earnings Results, Hits Estimates

StealthGas (NASDAQ:GASS) released its quarterly earnings data on Friday. The shipping company reported $0.38 earnings per share (EPS) 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 business had revenue of $38.40 million during the quarter, compared to analysts’ expectations of $40.40 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 Price Performance

Shares of GASS stock opened at $9.62 on Friday. The firm has a 50-day moving average of $9.61 and a 200-day moving average of $8.45. The company has a market cap of $360.91 million, a P/E ratio of 5.87 and a beta of 0.21. StealthGas has a one year low of $6.12 and a one year high of $10.55.

Analysts Set New Price Targets

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

Institutional Trading of StealthGas

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in StealthGas by 4.7% during the fourth quarter. State Street Corp now owns 29,737 shares of the shipping company’s stock worth $209,000 after buying an additional 1,340 shares during the last quarter. Sei Investments Co. increased its holdings in StealthGas by 14.8% during the third quarter. Sei Investments Co. now owns 30,311 shares of the shipping company’s stock worth $199,000 after buying an additional 3,899 shares during the last quarter. Royal Bank of Canada increased its holdings in StealthGas by 343.3% during the fourth quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company’s stock worth $36,000 after buying an additional 3,921 shares during the last quarter. IHT Wealth Management LLC increased its holdings in StealthGas by 60.0% during the fourth quarter. IHT Wealth Management LLC now owns 16,000 shares of the shipping company’s stock worth $112,000 after buying an additional 6,000 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after buying an additional 8,982 shares during the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.

About StealthGas

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.