Quarterly ResultJun 5, 2026, 09:01 AM
StealthGas Q1 Net Income $15.9M, EPS $0.43; Revenue $42.8M
AI Summary
StealthGas Inc. reported strong first-quarter 2026 financial results, with net income increasing 12.7% year-over-year to $15.9 million and basic EPS rising to $0.43. Revenues for the quarter grew 1.9% to $42.8 million. The company also strengthened its liquidity, ending the quarter with $131.2 million in cash and cash equivalents, a 32% increase from the previous quarter, partly due to a $2.5 million gain from a vessel sale. Despite increased drydocking expenses and geopolitical instability, the company maintained strong profitability and secured approximately 55% of its fleet days for the remainder of 2026 on period charters.
Key Highlights
- Net income for Q1 2026 increased 12.7% year-over-year to $15.9 million.
- Basic EPS for Q1 2026 rose to $0.43, up from $0.38 in Q1 2025.
- Revenues for Q1 2026 increased 1.9% year-over-year to $42.8 million.
- Cash and cash equivalents reached $131.2 million as of March 31, 2026, a 32% increase.
- Recorded a $2.5 million gain from the sale of one vessel in Q1 2026.
- Approximately 55% of fleet days for the remainder of 2026 are secured on period charters.
- Total contracted revenues are about $100 million (excluding the JV vessel).
- Drydocking costs increased to $2.5 million in Q1 2026 from $0.4 million in Q1 2025.
Price Impact
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