StealthGas Reports Record Earnings in Q2 2024
Company Announcements

StealthGas Reports Record Earnings in Q2 2024

StealthGas (GASS) has released an update.

StealthGas Inc. has reported a record net income of $25.8 million for Q2 2024, marking a significant 145.8% increase from the previous year, with revenues up by 13.9% to $41.8 million. The company also boasts a strong future outlook with 85% of its fleet days secured for the remainder of 2024, projecting over $220 million in contracted revenues. Amidst operational success, StealthGas continues to strategically reduce its debt, having repaid $85.3 million in the first half of the year.

For further insights into GASS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyStealthGas reports Q2 adjusted EPS 75c vs 28c last year
TipRanks Auto-Generated NewsdeskStealthGas Inc. Calls for Shareholder Votes at Annual Meeting
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App