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Sep 30, 2025
StealthGas Q3 2025 Earnings Report
StealthGas reported a profitable Q3 2025 with increased revenue and net income driven by a larger fleet and improved market conditions.
Key Takeaways
StealthGas delivered a solid Q3 2025 performance, with higher revenues and a 10% rise in net income year-over-year. Despite increased voyage and operating expenses, the company maintained strong fleet utilization and achieved significant debt reduction.
Revenue for Q3 2025 was $44.5 million, up from $40.4 million a year earlier.
Net income reached $13.3 million, a 10% increase year-over-year.
Adjusted net income totaled $14.4 million with an adjusted EPS of $0.39.
The company completed debt repayments, making its fully owned fleet unencumbered.
Forward Guidance
StealthGas expects stable performance driven by high charter coverage and plans for asset divestment to maintain liquidity, while monitoring geopolitical risks and fleet disruptions.
Positive Outlook
- 46% of 2026 fleet days secured under period contracts.
- Approximately $77 million in contracted revenues for 2026.
- Company is debt-free following significant repayments.
- Cash position remains strong despite share repurchases.
- Asset divestments continuing to support liquidity.
Challenges Ahead
- Eco Wizard vessel remains stranded and off-hire due to unresolved repairs.
- Potential exposure to geopolitical risks in operating regions.
- Voyage and vessel operating expenses continue to rise.
- Reduced joint venture equity earnings compared to prior year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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