StealthGas Inc ( (GASS) ) has released its Q2 earnings. Here is a breakdown of the information StealthGas Inc presented to its investors.
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StealthGas Inc., a ship-owning company in the liquefied petroleum gas (LPG) shipping sector, operates a fleet of 30 LPG carriers and is listed on the Nasdaq Global Select Market under the symbol ‘GASS’.
In its latest earnings report, StealthGas Inc. announced strong financial results for the second quarter of 2025, with revenues reaching an all-time high of $47.2 million, a 13% increase from the same period last year. The company reported a net income of $20.4 million for the quarter, although this was a decrease from the $25.8 million recorded in the second quarter of 2024.
Key financial highlights include a significant reduction in debt, with $53.6 million repaid in the first half of 2025 and an additional $32.2 million in the third quarter. The company also maintained a robust cash position of $87.3 million as of June 30, 2025. StealthGas has secured approximately 70% of its fleet days for 2025 under period charters, generating about $155 million in contracted revenues.
The company faced challenges with the LPG tanker ECO WIZARD, which sustained damage during an incident in Russia, affecting revenue generation. Despite this, StealthGas remains optimistic about the positive fundamentals for LPG shipping and anticipates increased chartering activity in the fourth quarter.
Looking ahead, StealthGas’s management is confident in the company’s ability to leverage its debt-free position and strong cash reserves to capitalize on rising demand in the LPG shipping market.