StealthGas Inc (GASS)
NASDAQ:GASS
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StealthGas
(NASDAQ:GASS)
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Rating:83Outperform
Price Target:
$11.00
▲(18.66% Upside)
Action:ReiteratedDate:03/05/26
The score is driven primarily by strong underlying financial performance (high profitability and a significantly de-levered balance sheet) and very attractive valuation (low P/E). Technicals are supportive due to strong trend/momentum, but overbought indicators raise near-term volatility risk. The latest earnings call reinforces balance-sheet strength and revenue visibility, while flagging operational and geopolitical headwinds.
Positive Factors
Deleveraged balance sheet
Material deleveraging to a near-zero debt-to-equity position and eradication of bank debt materially lowers fixed interest costs and financial risk. This structural shift increases resilience to rate cycles, frees cash for ops/capex, and reduces breakeven pressure across shipping cycles.
Negative Factors
Cyclical, choppy revenue trends
Revenue volatility is structural for LPG shipping and undermines earnings predictability; prior-year negative free cash flow illustrates the operating-cycle swings. If charter rates or demand soften, margins and cash returns can deteriorate quickly despite current profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraged balance sheet
Material deleveraging to a near-zero debt-to-equity position and eradication of bank debt materially lowers fixed interest costs and financial risk. This structural shift increases resilience to rate cycles, frees cash for ops/capex, and reduces breakeven pressure across shipping cycles.
Read all positive factors
StealthGas (GASS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$342.79M
Dividend YieldN/A
Average Volume (3M)219.34K
Price to Earnings (P/E)4.2
Beta (1Y)0.62
Revenue Growth12.23%
EPS Growth-5.22%
CountryUS
Employees602
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.36
Shares Outstanding36,978,680
10 Day Avg. Volume165,630
30 Day Avg. Volume219,343
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)0.36
Price to Sales (P/S)1.45
P/FCF Ratio2.97
Enterprise Value/Market Cap0.72
Enterprise Value/Revenue1.42
Enterprise Value/Gross Profit3.62
Enterprise Value/Ebitda2.91
Forecast
1Y Price Target
$14.00Price Target Upside51.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.26
Revenue Forecast (FY)$154.90M
StealthGas Business Overview & Revenue Model
Company Description
StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and natural gas. The company's carriers carry various petro...
How the Company Makes Money
StealthGas primarily makes money by chartering its LPG carriers to customers for the transportation of LPG. Its core revenue stream is freight/charter income earned under time-charter arrangements (where a charterer pays a contracted daily rate fo...
StealthGas Earnings Call Summary
Earnings Call Date:Mar 02, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive strategic and financial picture: the company achieved strong full-year profitability (second-best on record), materially strengthened liquidity, and executed a successful deleveraging program that resulted in a zero bank-debt capital structure and meaningful interest savings. These strategic achievements provide resilience and optionality. Near-term operational and cost headwinds were evident in Q4 — lower utilization, an out-of-service vessel incident (Eco Wizard), doubled voyage expenses, and a sizeable reduction in JV earnings versus a prior-year one-off gain — which caused a quarterly revenue and earnings decline. Market and geopolitical risks (Iran/Houthi activity, flat Chinese imports and growing global export capacity) add uncertainty. Overall, the positive strategic accomplishments and improved balance sheet outweigh the short-term operational and market challenges.Positive Updates
Strong Annual Profitability
Adjusted net income for FY2025 of $65.6M (referred to as ~$66M), the second-highest in company history; full-year revenues of $173.2M, up ~3.5% year-over-year; full-year EPS of $1.77, demonstrating sustained high profitability despite market volatility.
Negative Updates
Q4 Revenue and Earnings Weakness
Fourth-quarter revenues of $39.4M, down ~9.4% year-over-year; quarterly net income declined by ~10% to $12.8M (reported) with adjusted Q4 net income ~$13.3M versus $16.4M prior-year quarter; quarterly EPS $0.34 (reported) and $0.36 (adjusted).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Annual Profitability
Adjusted net income for FY2025 of $65.6M (referred to as ~$66M), the second-highest in company history; full-year revenues of $173.2M, up ~3.5% year-over-year; full-year EPS of $1.77, demonstrating sustained high profitability despite market volatility.
Read all positive updates
Company Guidance
The company’s near-term guidance is conservative but constructive: as of March it has 48% of fleet calendar days one year forward secured (covering about $66 million of revenues for the remainder of 2026) and roughly $104 million of contracted revenues through 2029; it expects five dry dockings in 2026 (two in Q1); cash was $99 million at 31‑Dec‑2025 (free cash of $29 million then, now ~ $110 million), total liabilities $21 million and net debt zero after repaying $86 million in 2025 and $350 million since 2023; management estimates fleet cash‑flow breakeven at $6,500–$7,000 per vessel per day; share buybacks total $21.2 million since 2023 ($1.8 million in 2025, none in Q4); four vessels sold (two delivered, two held for sale with expected proceeds ~ $29 million), Eco Invictus to be delivered this month and Eco Universe sale expected to book a profit on delivery in April, while the Eco Wizard remains impaired on the balance sheet with no P&L effect pending insurance resolution.StealthGas Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
83
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 173.16M | 167.26M | 143.53M | 152.76M | 150.20M |
| Gross Profit | 67.86M | 74.38M | 50.85M | 72.68M | 61.20M |
| EBITDA | 80.34M | 85.89M | 73.28M | 63.39M | 6.44M |
| Net Income | 60.65M | 69.86M | 51.94M | 34.25M | -35.12M |
Balance Sheet | |||||
| Total Assets | 711.69M | 732.24M | 697.21M | 821.53M | 798.67M |
| Cash, Cash Equivalents and Short-Term Investments | 99.08M | 80.65M | 77.20M | 82.27M | 31.30M |
| Total Debt | 104.80K | 84.89M | 123.64M | 277.11M | 293.90M |
| Total Liabilities | 21.36M | 105.71M | 147.55M | 303.61M | 323.90M |
| Stockholders Equity | 690.33M | 626.53M | 549.66M | 517.93M | 474.77M |
Cash Flow | |||||
| Free Cash Flow | 84.77M | -2.67M | 77.36M | 42.33M | 15.81M |
| Operating Cash Flow | 85.18M | 103.50M | 77.44M | 66.56M | 41.04M |
| Investing Cash Flow | 16.68M | -64.48M | 111.34M | -17.26M | -19.25M |
| Financing Cash Flow | -87.31M | -38.25M | -174.18M | -25.85M | -29.13M |
StealthGas Technical Analysis
Positive
9.27
Price Trends
8.56
Positive
7.78
Positive
7.28
Positive
Market Momentum
0.20
Positive
54.60
Neutral
67.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GASS, the sentiment is Positive. The current price of 9.27 is below the 20-day moving average (MA) of 9.34, above the 50-day MA of 8.56, and above the 200-day MA of 7.28, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 54.60 is Neutral, neither overbought nor oversold. The STOCH value of 67.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GASS.
StealthGas Risk Analysis
StealthGas disclosed 59 risk factors in its most recent earnings report. StealthGas reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
StealthGas Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $342.79M | 4.15 | 9.08% | ― | 12.23% | -5.22% | |
80 Outperform | $426.07M | 2.77 | 32.77% | 4.95% | 7.26% | 6.60% | |
69 Neutral | $619.38M | 12.03 | 6.37% | 2.80% | -26.81% | -78.30% | |
66 Neutral | $254.21M | 9.07 | 7.83% | 4.94% | -8.99% | -68.66% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $442.21M | 22.66 | 4.60% | 3.57% | 14.21% | -36.71% | |
55 Neutral | $297.73M | 15.21 | 3.60% | 2.34% | -5.45% | 139.59% |
* Industrials Sector Average
GASS
StealthGas
9.27
3.62
64.07%
DSX
Diana Shipping
2.41
0.88
57.93%
ESEA
Euroseas
60.81
31.57
107.95%
SHIP
Seanergy Maritime
12.04
5.91
96.51%
ASC
Ardmore Shipping
15.18
5.63
58.99%
PANL
Pangaea Logistics Solutions
6.77
2.17
47.05%
StealthGas Corporate Events
StealthGas Posts Strong 2025 Profit and Clears Debt on Fully Owned Fleet
Mar 4, 2026
On March 2, 2026, StealthGas reported unaudited results for the fourth quarter and full year ended December 31, 2025, highlighting net income of $60.6 million and earnings per share of $1.64 for 2025, with fourth-quarter net income of $12.8 millio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.