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An update from StealthGas ( (GASS) ) is now available.
StealthGas Inc. reported record financial results for the year 2024, with a net income of $69.9 million, marking a 34.7% increase from the previous year. The company also achieved a 27.3% revenue increase in the fourth quarter of 2024, amounting to $43.5 million. The company has secured approximately 70% of its fleet days for 2025 on period charters, generating over $200 million in contracted revenues. StealthGas continued to reduce its leverage by making significant debt repayments, resulting in 26 out of 28 vessels being unencumbered. These financial achievements highlight the company’s strong market positioning and operational efficiency.
More about StealthGas
StealthGas Inc. is a ship-owning company operating in the liquefied petroleum gas (LPG) sector of the international shipping industry. The company is focused on providing transportation services for LPG products across global markets.
YTD Price Performance: -3.84%
Average Trading Volume: 147,129
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $211.6M
For a thorough assessment of GASS stock, go to TipRanks’ Stock Analysis page.