StealthGas Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw revenue rise 2% year-over-year to $42.8 million and net income increase 12.9% to $15.9 million, with a debt-free balance sheet and strong cash growth. The company secured $100 million in future revenues and maintains high charter coverage amid ongoing geopolitical risks.
Fiscal Year 2025
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Reported strong 2025 results with $65.6M adjusted net income and zero bank debt, despite Q4 softness from vessel downtime. Liquidity and contracted revenues remain robust, with a positive outlook but ongoing geopolitical risks.
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Q3 2025 delivered strong revenue growth and higher net income year-over-year, despite seasonal weakness and increased costs. The company achieved a debt-free balance sheet, maintains high forward coverage, and expects continued market strength amid positive LPG demand trends.
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Q2 2025 saw record revenues and the second-best profits ever, driven by strong commercial operations and cost control. The fully owned fleet is now debt-free, but the Echo Wizard incident will impact near-term revenue. Outlook remains positive as LPG demand and secured revenues support future growth.
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Q1 2025 saw resilient revenues and high profitability despite market volatility, with net income of $14.1 million and significant debt reduction leaving the company nearly debt-free. Strong period coverage and secured revenues provide earnings visibility, while share repurchases and fleet optimization continue.
Fiscal Year 2024
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Record revenues and profits were achieved for the third consecutive year, driven by higher rates, fleet optimization, and strong cost control. Net debt was nearly eliminated, and 70% of 2025 fleet days are already secured, supporting a positive outlook despite geopolitical risks.
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Record nine-month results with adjusted net income up 61% year-over-year and strong liquidity, driven by higher revenues and aggressive debt reduction. Fleet focus remains on Europe, with 65% of 2025 days contracted and market outlook positive despite dry dock impacts.
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Record Q2 net income of $25.8 million, up 146% year-over-year, with all vessels fixed on period charters and over $220 million in future revenues secured. Net debt ratio fell below 5% as debt reduction continued, and market fundamentals remain strong for core segments.