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StealthGas (GASS) investor relations material
StealthGas Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenues reached $44.5 million, up 10% year-over-year, with adjusted net income of $14.4 million and adjusted EPS of $0.39.
Net income for Q3 was $13.3 million, up from $12.1 million last year; nine-month net income was $47.9 million.
Achieved debt-free status after repaying $85.9 million in 2025 and $350 million since 2023; all vessels are now unencumbered.
Share repurchases totaled $1.8 million in 2025 and $21.2 million since June 2023.
Ended Q3 with $69.7 million in cash and cash equivalents.
Financial highlights
Adjusted net income for Q3 was $14.4 million (EPS $0.39); adjusted net income for nine months was $52.3 million (EPS $1.42).
EBITDA for Q3 was $19.5 million; for nine months, $67.8 million.
Operating expenses rose due to fleet expansion and inflation, with a 22.4% year-over-year increase.
Interest expenses dropped significantly due to reduced debt levels.
Shareholders' equity increased by $50 million to $676.4 million, an 8% rise over nine months.
Outlook and guidance
Over 57% of fleet days for the next year are fixed, with contracted revenues exceeding $130 million.
For 2026, 46% of fleet days are secured, representing $77 million in revenues.
Charter rates have been increasing in the current quarter, with improved sentiment and trade flows.
Management remains optimistic as winter season firming is underway and geopolitical risks have eased.
Ongoing focus on divesting older assets and maintaining a strong balance sheet.
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