StealthGas, Inc. (GASS) Q2 2024 Earnings Call Transcript
Voyage Revenues $41.8 million, a 14% increase year-over-year due to better market conditions and reduced voyage costs.
Net Income $25.8 million, a 146% increase year-over-year, attributed to increased revenues and reduced costs.
Earnings Per Share $0.70, a 159% increase year-over-year, due to a lower share count from share buybacks.
Net Revenues $39.1 million for the quarter, an 18% increase year-over-year, driven by increased rates and reduced costs.
Operating Expenses $12.5 million for the quarter, down 7% year-over-year, due to a reduction in fleet size.
Income from Operations $16.1 million for the quarter, a 60% increase year-over-year, resulting from increased revenues and decreased costs.
Profits from Joint Ventures $11.5 million for the second quarter, boosted by a $9.5 million return from the sale of a vessel.
Liquidity $76.6 million, an 8.5% decrease compared to December 31st, but still ample liquidity despite debt repayments.
Vessels Book Value $611.3 million, a 21% increase due to the addition of two Medium Gas Carrier vessels.
Total Assets $727.8 million, a 4.4% increase compared to December 31st.
Long-term Debt $98.8 million, reduced from $145.4 million, marking the first time below $100 million in over 15 years.
Shareholders' Equity Increased by 8.5% or $46.6 million over the six-month period.
Debt Amortization Reduced to $6.4 million per annum from $30 million two years ago, allowing for faster cash flow accumulation.
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Credicorp's Rating Upgraded to 72%, Reflecting Strong Fundamentals
- Rating Upgrade: Credicorp Ltd (BAP) saw its rating rise from 59% to 72%, reflecting improvements in the company's fundamentals and stock valuation, indicating increased market confidence in its future performance.
- Market Position: As a Peru-based financial services holding company, Credicorp operates in six countries with over 36,000 employees, showcasing its strong market presence in Latin America.
- Business Diversification: The company's operations span universal banking, insurance and pensions, microfinance, and investment banking, enhancing its resilience against economic fluctuations.
- Investment Appeal: According to Motley Fool's strategy, a score above 80% typically indicates interest in the stock, and Credicorp's 72% rating suggests its potential attractiveness among small-cap growth stocks.
StealthGas Reports $13.3M Net Income for Q3 2025
- Profit Growth: StealthGas reported a net income of $13.3 million for Q3 2025, translating to a basic EPS of $0.36, which is a 10% increase from the previous year, indicating robust performance in the LPG transportation market.
- Revenue Increase: Revenues reached $44.5 million in Q3, up $4.1 million year-over-year, primarily driven by an increase in fleet size and improved market conditions, although voyage expenses rose by $4.3 million, resulting in flat net revenues.
- Debt Repayment: The company repaid $85.9 million in debt during the first nine months of 2025, totaling $350 million since December 2022, ensuring an unencumbered fleet and enhancing financial stability.
- Strong Cash Flow: As of September 30, 2025, StealthGas maintained cash and cash equivalents of $69.7 million, demonstrating strong capacity for ongoing investments and shareholder buybacks.
StealthGas Reports Non-GAAP EPS of $0.39 and Revenue of $44.5M, Exceeding Expectations by $5.3M
Q3 Financial Performance: StealthGas reported a Non-GAAP EPS of $0.39 and revenue of $44.5 million, reflecting a 10.1% year-over-year increase and exceeding expectations by $5.3 million.
Company Valuation: StealthGas is noted for having 32% insider ownership, being debt-free, and trading at a 65% discount to its book value, indicating potential deep value in the LNG transportation sector.
StealthGas Q3 Earnings Forecast
Earnings Announcement: StealthGas (GASS) is set to release its Q3 earnings results on November 25th, with an expected EPS of $0.31 and revenue of $39.2M, reflecting year-over-year declines.
Performance History: Over the past two years, StealthGas has consistently outperformed expectations, beating EPS estimates 88% of the time and revenue estimates 100% of the time.
STEALTHGAS INC. Sets Date for Release of Q3 and Nine-Month 2025 Financial Results, Along with Conference Call and Webcast
Earnings Release Announcement: StealthGas Inc. will release its third quarter operating and financial results for the period ending September 30, 2025, on November 25, 2025, before the market opens in New York.
Conference Call Details: A conference call to discuss the results and company outlook will be held on November 25, 2025, at 10:00 am ET, with pre-registration required for participants.
Webcast Availability: The conference call will be available via a live and archived webcast on the StealthGas Inc. website, with participants advised to register 10 minutes prior to the start.
Company Overview: StealthGas Inc. operates in the liquefied petroleum gas (LPG) shipping sector, with a fleet of various types of vessels, and is listed on the Nasdaq under the symbol "GASS."
StealthGas Inc. (GASS) Second Quarter 2025 Earnings Call Summary
Earnings Call Overview: StealthGas Inc. held its Q2 2025 earnings conference call on August 25, 2025, featuring key participants including CEO Harry Vafias and Chairman Michael Jolliffe.
Financial Highlights: The company reported a record revenue of $47.2 million for Q2 2025, marking an increase from $41.8 million in the same quarter last year and $42 million from the previous quarter.
Profit Performance: Adjusted net income for the second quarter was $21.7 million, which is a 35% increase compared to the previous quarter, although it reflects a 20% decrease year-over-year.
Market Context: The strong financial results were achieved despite a challenging market environment, indicating robust performance in StealthGas's commercial operations.
Credicorp's Rating Upgraded to 72%, Reflecting Strong Fundamentals
- Rating Upgrade: Credicorp Ltd (BAP) saw its rating rise from 59% to 72%, reflecting improvements in the company's fundamentals and stock valuation, indicating increased market confidence in its future performance.
- Market Position: As a Peru-based financial services holding company, Credicorp operates in six countries with over 36,000 employees, showcasing its strong market presence in Latin America.
- Business Diversification: The company's operations span universal banking, insurance and pensions, microfinance, and investment banking, enhancing its resilience against economic fluctuations.
- Investment Appeal: According to Motley Fool's strategy, a score above 80% typically indicates interest in the stock, and Credicorp's 72% rating suggests its potential attractiveness among small-cap growth stocks.
StealthGas Reports $13.3M Net Income for Q3 2025
- Profit Growth: StealthGas reported a net income of $13.3 million for Q3 2025, translating to a basic EPS of $0.36, which is a 10% increase from the previous year, indicating robust performance in the LPG transportation market.
- Revenue Increase: Revenues reached $44.5 million in Q3, up $4.1 million year-over-year, primarily driven by an increase in fleet size and improved market conditions, although voyage expenses rose by $4.3 million, resulting in flat net revenues.
- Debt Repayment: The company repaid $85.9 million in debt during the first nine months of 2025, totaling $350 million since December 2022, ensuring an unencumbered fleet and enhancing financial stability.
- Strong Cash Flow: As of September 30, 2025, StealthGas maintained cash and cash equivalents of $69.7 million, demonstrating strong capacity for ongoing investments and shareholder buybacks.
StealthGas Reports Non-GAAP EPS of $0.39 and Revenue of $44.5M, Exceeding Expectations by $5.3M
Q3 Financial Performance: StealthGas reported a Non-GAAP EPS of $0.39 and revenue of $44.5 million, reflecting a 10.1% year-over-year increase and exceeding expectations by $5.3 million.
Company Valuation: StealthGas is noted for having 32% insider ownership, being debt-free, and trading at a 65% discount to its book value, indicating potential deep value in the LNG transportation sector.
StealthGas Q3 Earnings Forecast
Earnings Announcement: StealthGas (GASS) is set to release its Q3 earnings results on November 25th, with an expected EPS of $0.31 and revenue of $39.2M, reflecting year-over-year declines.
Performance History: Over the past two years, StealthGas has consistently outperformed expectations, beating EPS estimates 88% of the time and revenue estimates 100% of the time.
STEALTHGAS INC. Sets Date for Release of Q3 and Nine-Month 2025 Financial Results, Along with Conference Call and Webcast
Earnings Release Announcement: StealthGas Inc. will release its third quarter operating and financial results for the period ending September 30, 2025, on November 25, 2025, before the market opens in New York.
Conference Call Details: A conference call to discuss the results and company outlook will be held on November 25, 2025, at 10:00 am ET, with pre-registration required for participants.
Webcast Availability: The conference call will be available via a live and archived webcast on the StealthGas Inc. website, with participants advised to register 10 minutes prior to the start.
Company Overview: StealthGas Inc. operates in the liquefied petroleum gas (LPG) shipping sector, with a fleet of various types of vessels, and is listed on the Nasdaq under the symbol "GASS."
StealthGas Inc. (GASS) Second Quarter 2025 Earnings Call Summary
Earnings Call Overview: StealthGas Inc. held its Q2 2025 earnings conference call on August 25, 2025, featuring key participants including CEO Harry Vafias and Chairman Michael Jolliffe.
Financial Highlights: The company reported a record revenue of $47.2 million for Q2 2025, marking an increase from $41.8 million in the same quarter last year and $42 million from the previous quarter.
Profit Performance: Adjusted net income for the second quarter was $21.7 million, which is a 35% increase compared to the previous quarter, although it reflects a 20% decrease year-over-year.
Market Context: The strong financial results were achieved despite a challenging market environment, indicating robust performance in StealthGas's commercial operations.
