LPG shipper StealthGas Q2 revenue slips on lower vessel count
GASS•Outlook
- About 60% of fleet days for the rest of 2026 are secured on period charters
- Company has contracted revenues of about $30 mln for the rest of 2026, excluding JV vessel
- Company expects profitability to remain elevated amid ongoing geopolitical turbulence
Key financial details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $42.90 mln | $44.90 mln (1 Analyst) |
| Q2 Adjusted EPS | Miss | $0.46 | $0.53 (1 Analyst) |
| Q2 Adjusted Net Income | Miss | $17.20 mln | $19.60 mln (1 Analyst) |
| Q2 Basic EPS | $0.46 | ||
| Q2 EBITDA | $22.10 mln |
Q2 results and main drivers
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Greece-based LPG shipper's Q2 revenue and adjusted EPS declined from prior year
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Company attributed revenue drop to reduced vessel count and increased idle time
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StealthGas reported record liquidity after insurance claim and remains debt-free
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- Co said revenue decline was mainly due to fewer vessels owned in Q2 compared with the prior year.
