StealthGas Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $340.2M
- Price
- $9.04
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.44%
- Volume
- 92.6K
About
StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company’s LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia. It also offers crude oil and natural gas. The company operates a fleet of 31 LPG carries, including three JV vessels. StealthGas Inc. was incorporated in 2004 and is based in Athens, Greece.
Quick stats
Shares outstanding37.6M
Computed float22.1M
Float / shares58.6%
Key info
SectorIndustrials
IndustryMarine Shipping
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001328919
Websitehttps://www.stealthgas.com
AI Summary
AI-generated1/12
standardmixedearnings
STEALTHGAS INC. Reports Second Quarter and Six Months 2026 Financial and Operating Results
StealthGas reported Q2 2026 net income of $17.3 million, or $0.46 basic EPS, on revenues of $42.9 million -- up 8.8% from the prior quarter's $15.9 million but down from $20.4 million and $47.2 million respectively in Q2 2025, reflecting an average fleet of 26.4 vessels versus 28.3 a year ago.
The balance sheet is a standout: all bank debt has been repaid since Q3 2025, every fully owned vessel is unencumbered, and cash plus short-term investments of $168.3 million at June 30 has since grown to over $250 million after the company resolved the insurance claim for the loss of one of its vessels.
Coverage remains solid, with about 60% of remaining 2026 fleet days secured on period charters and roughly $90 million in total contracted revenues, of which about $30 million covers the rest of the year.
Offsetting the positives, utilization weakened year-over-year -- Q2 fleet utilization fell to 94.5% from 99.7% and operational utilization to 82.3% from 94.7% -- and CEO Harry Vafias flagged geopolitical turbulence and rising attacks on commercial vessels as a worrying development for shipping.
Red flags
- Q2 revenue and net income declined YoY ($42.9M vs $47.2M; $17.3M vs $20.4M) on a smaller fleet (26.4 vs 28.3 average vessels)
- Fleet utilization fell to 94.5% and operational utilization to 82.3% (from 99.7% and 94.7%), with idle time reducing small-vessel TCE rates
- Company lost a vessel during the period (insurance claim since resolved)
- CEO warns of continuous rise in attacks on commercial vessels; war-risk insurance expenses increased in H1
- Adjusted EPS declined YoY in both Q2 ($0.46 vs $0.59) and H1 ($0.86 vs $1.02); H1 drydocking costs tripled to $3.0M from $1.0M