StealthGas Inc ( (GASS) ) has released its Q3 earnings. Here is a breakdown of the information StealthGas Inc presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
StealthGas Inc., a ship-owning company in the liquefied petroleum gas (LPG) sector, operates within the international shipping industry with a fleet of 29 LPG carriers. The company’s shares are listed on the Nasdaq Global Select Market under the symbol ‘GASS’.
StealthGas Inc. reported a profitable third quarter for 2025, with a net income of $13.3 million, marking a 10% increase from the previous year. The company’s revenues for the quarter rose to $44.5 million, reflecting a 10% growth compared to the same period last year, driven by an increased number of vessels and improved market conditions.
Key financial highlights include a significant reduction in interest and finance costs due to continued debt prepayments, resulting in a decrease from $1.8 million to $0.2 million year-over-year. The company also maintained a strong cash position with $69.7 million in cash and cash equivalents as of September 30, 2025. Additionally, StealthGas has repaid all debt obligations on its fully owned fleet, making $85.9 million in debt repayments in the first nine months of 2025.
Strategically, StealthGas has secured approximately 85% of its fleet days for 2025 on period charters, generating about $130 million in contracted revenues. The company continues to focus on divesting older assets, having entered into agreements to sell vessels, including the Eco Invictus, which will contribute to its liquidity position.
Looking ahead, StealthGas remains optimistic about its financial stability and operational strategy, with management highlighting the company’s strong balance sheet and ongoing efforts to capitalize on market opportunities while navigating geopolitical and market challenges.