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Jun 30
StealthGas Q2 2025 Earnings Report
StealthGas reported record Q2 revenues and strong profitability despite lower joint venture contributions.
Key Takeaways
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.
StealthGas
StealthGas
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.
Positive Outlook
- 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
Challenges Ahead
- 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