StealthGas Inc. Reports Steady Q1 2025 Earnings

StealthGas Inc ( (GASS) ) has released its Q1 earnings. Here is a breakdown of the information StealthGas Inc presented to its investors.

StealthGas Inc., a ship-owning company in the liquefied petroleum gas (LPG) sector of the international shipping industry, operates a fleet of 31 LPG carriers and is listed on the Nasdaq Global Select Market under the symbol ‘GASS’.

In its first-quarter 2025 earnings report, StealthGas Inc. announced a net income of $14.1 million, maintaining strong profitability despite a slight decrease from the previous year’s first quarter. The company reported revenues of $42.0 million, a marginal increase from the same period last year, driven by improved market conditions.

Key financial highlights include a 4.6% decrease in Time Charter equivalent revenues to $36.9 million, attributed to a more subdued market. The company continued to reduce its leverage, making significant debt repayments totaling over $50 million in 2025, and maintained a robust cash position of $77.1 million. StealthGas also engaged in share repurchases, spending $1.8 million since the last quarter.

Strategically, StealthGas secured about 70% of its fleet days for 2025 on period charters, with contracted revenues exceeding $165 million. The company plans to consolidate its fleet by acquiring the remaining shares in two joint venture vessels, further strengthening its operational base.

Looking ahead, StealthGas remains confident in sustaining its momentum throughout 2025, focusing on reducing financial risk and enhancing shareholder value through strategic fleet management and share repurchases.