StealthGas Inc. Achieves Record Earnings and Reduces Debt

StealthGas (GASS) has released an update.

StealthGas Inc., a prominent player in the LPG shipping sector, has reported a record net income of $55.7 million for the first nine months of 2024, marking a 29.3% increase from last year. The company’s revenue grew by 16.7% for the third quarter despite vessel drydocking, highlighting strong market conditions and efficient fleet management. Additionally, StealthGas has significantly reduced its leverage with $106.6 million in debt repayments, positioning itself for continued financial stability and growth.

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