NASDAQ$GASS

StealthGas Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

StealthGas reported record Q2 revenues and strong profitability despite lower joint venture contributions.

StealthGas delivered solid Q2 results with an all-time high revenue of $47.2M and net income of $20.4M. Adjusted EPS stood at $0.59, driven by improved market conditions and operational performance. Operating income hit a new record, while the company continued to aggressively pay down debt and maintain high period charter coverage.

  • Revenue reached an all-time high of $47.2M.
  • Adjusted net income came in at $21.7M.
  • Operating income hit a record $19.7M.
  • Company repaid all debt obligations for its fully owned fleet.

Headline financials

Total Revenue

$47.2M

Previous: $41.8M+13.0%
EPS (adj)

$0.59

Previous: $0.75-21.3%
Adjusted Net Income

$21.7M

No prior period
Average Number of Vessels

28.3

No prior period
Fleet Utilization

99.7%

No prior period
Fleet Operational Utilization

94.7%

No prior period
Total Calendar Days

2.6K

No prior period
Total Voyage Days

2.6K

No prior period
Total Charter Days

2.2K

No prior period
Total Spot Market Days

392

No prior period
EBITDA

$26.9M

No prior period
Net Income

$20.4M

Previous: $25.8M-20.8%
Operating Income

$19.7M

Previous: $16.1M+22.3%

Revenue & EPS history

StealthGas · Revenue · Quarterly

$47.2M

Q2 2025+13%vs Q2 2024
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

The company expects chartering activity to pick up in Q4 as it exits the seasonally weaker summer period, while ongoing geopolitical challenges may impact near-term operations.

Tailwinds

  • High charter coverage with 70% of fleet days secured for 2025
  • Deleveraged fully owned fleet with no debt obligations
  • Strengthened liquidity position with $87.3M in cash
  • Favorable market conditions supporting higher TCE rates
  • Strategic vessel sales and repurchases completed

Headwinds

  • Eco Wizard vessel explosion in Russia causing loss of revenue
  • Equity earnings from JV vessels declined significantly
  • Adjusted EPS and EBITDA were lower than last year
  • Fleet operational utilization slightly declined
  • Geopolitical risks continue to affect shipping operations

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.8%

Avg return

Earnings day

+2.1%

Avg return

5 days after

-0.9%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+16.1%

Q3 2023

Best reaction

-15.7%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-0.9%
Q4 2025-2.8%+4.1%-3.7%
Q3 2025-2.1%+0.6%+0.7%
Q2 2025+5.3%+5.4%-5.5%
Q1 2025+6.0%+5.7%+19.7%
Q4 2024+7.7%+4.7%+4.1%
Q3 2024-9.1%-10.2%-15.9%
Q2 2024+7.0%+14.0%+24.0%
Q1 2024-6.5%+0.3%+0.5%
Q4 2023-9.9%-13.1%-18.3%
Q3 2023+16.1%+18.9%+18.9%
Q2 2023-4.3%-4.5%-2.3%
Q1 2023+2.3%+2.3%+28.9%
Q4 2022+8.6%+12.8%-3.4%
Q3 2022+0.6%+1.9%-8.0%
Q2 2022+0.3%+6.5%-19.4%
Q1 2022+9.2%+13.2%+30.8%
Q4 2021-15.7%-15.3%-13.4%
Q3 2021-3.3%-5.7%-9.8%
Q2 2021+10.2%+11.0%+3.3%
Q1 2021-0.3%+1.7%-6.0%
Q4 2020-15.1%-11.5%-3.8%
Q3 2020-8.0%-10.4%-4.0%
Q2 2020+7.8%+14.3%+3.1%
Q1 2020+7.5%+3.5%-1.6%
Q4 2019-0.3%-2.4%-35.9%
Q3 2019+4.6%+5.8%+9.1%
Q2 2019-3.9%-5.4%-7.5%
Q1 2019+6.0%+5.7%+2.2%
Q4 2018-3.8%-2.3%+1.5%
Q3 2018+9.9%+7.2%-15.7%
Q2 2018-2.0%+5.1%+1.4%
Q1 2018-1.2%-1.5%-3.2%
Q4 2017-0.5%+0.0%-12.4%
Q3 2017+10.0%+8.4%+10.2%
Q2 2017+4.4%+0.9%+4.4%
Q1 2017+8.2%+5.9%+7.2%
Q4 2016+1.5%+7.3%-4.9%
Q3 2016+4.7%+1.5%+2.9%
Q2 2016+1.2%+4.5%+5.4%
Q1 2016-1.2%-1.8%-19.0%
Q4 2015+1.3%
Q3 2015+2.9%
Q2 2015+12.1%
Q1 2015+1.7%
Q4 2014+0.6%
Q3 2014+1.7%
Q2 2014-1.6%
Q1 2014-1.3%
Q4 2013-1.9%
Q3 2013-1.3%
Q2 2013-9.2%
Q3 2011+3.4%
Q3 2012+3.4%
Q4 2012+5.2%
Q1 2013-2.1%
Q4 2010-4.8%
Q4 2011-4.8%
Q4 2009-4.8%
Q1 2012+5.5%
Q2 2011-3.9%
Q1 2011+4.8%
Q3 2010+0.0%
Q2 2010-4.3%
Q1 2010+1.2%

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