CSIMarket
 
Stealthgas Inc   (GASS)
Other Ticker:  
 
 
Price: $6.1000 $0.01 0.164%
Day's High: $6.13 Week Perf: -0.49 %
Day's Low: $ 6.02 30 Day Perf: -15.28 %
Volume (M): 85 52 Wk High: $ 7.98
Volume (M$): $ 517 52 Wk Avg: $4.99
Open: $6.11 52 Wk Low: $2.51



 Market Capitalization (Millions $) 232
 Shares Outstanding (Millions) 38
 Employees 758
 Revenues (TTM) (Millions $) 153
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) 23
 Capital Exp. (TTM) (Millions $) 24

Stealthgas Inc

StealthGas Inc. was incorporated in December 2004 in the Republic of the Marshall Islands. Our registered address in the Marshall Islands is Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. The name of our registered agent at such address is The Trust Company of the Marshall Islands, Inc. Our principal executive offices are located at 331 Kifissias Avenue, Erithrea 14561 Athens, Greece. Our telephone number for calls originating from the United States is (011) (30) (210) 625-0001.
In October 2005, we completed an initial public offering of our common stock in the United States and our common stock began trading on the Nasdaq National Market and now trade on the Nasdaq Global Select Market under the symbol “GASS”.

We own a fleet of LPG carriers providing international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers chartered to oil producers, refiners and commodities traders.

Our LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas. The three medium range product carriers in our fleet are capable of carrying refined petroleum products such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and chemicals, while our Aframax tanker is used for carrying crude oil. We believe that we have established a reputation as a safe, cost-efficient operator of modern and well-maintained LPG carriers. We also believe that these attributes, together with our strategic focus on meeting our customers’ chartering needs, has contributed to our ability to attract leading charterers as our customers and to our success in obtaining charter renewals. We are managed by Stealth Maritime, a privately owned company controlled by the Vafias Group.

We have a management agreement with Stealth Maritime, pursuant to which Stealth Maritime provides us with technical, administrative, commercial and certain other services. Stealth Maritime is a leading ship-management company based in Greece, established in 1999 in order to provide shipping companies with a range of services. Our manager’s safety management system is ISM certified in compliance with IMO’s regulations by Lloyd’s Register. In relation to the technical services, Stealth Maritime is responsible for arranging for the crewing of the vessels, the day to day operations, inspections and vetting, maintenance, repairs, drydocking and insurance. Administrative functions include but are not limited to accounting, back-office, reporting, legal and secretarial services. In addition, Stealth Maritime provides services for the chartering of our vessels and monitoring thereof, freight collection, and sale and purchase. In providing most of these services, Stealth Maritime pays third parties and receives reimbursement from us. In addition, Stealth Maritime may subcontract technical management and crew management for some of our vessels to third parties, including Selandia, a ship management company based in Singapore and Manila, Swan Shipping Corporation and PTC, both based in Manila, Brave Maritime (an affiliate of Stealth Maritime) based in Greece, and Bernard Schulte Shipmanagement based in Athens. These five technical managers are supervised by Stealth Maritime. The technical management of eight of our ships was subcontracted by Stealth Maritime to Brave Maritime.

We, through Stealth Maritime, manage the employment of our fleet. We deploy our LPG carriers and tankers on period charters, including time and bareboat charters that can last up to several years, and spot market charters (through voyage charters and short-term time charters), which generally last from one to six months, subject to market conditions. Time and bareboat charters are for a fixed period of time. A voyage charter is generally a contract to carry a specific cargo from a loading port to a discharging port for an agreed-upon total charge. Under voyage charters we pay for voyage expenses such as port, canal and fuel costs. Under a time charter the charterer pays for voyage expenses while under a bareboat charter the charterer pays for voyage expenses and operating expenses such as crewing, supplies, maintenance and repairs including special survey and dry-docking costs.
Vessels operating in the spot market generate revenues that are less predictable but may enable us to capture increased profit margins during periods of improvements in LPG charter rates, although we are then exposed to the risk of declining LPG carrier charter rates. Typically spot market charters can last from a few days up to two months. If we commit vessels to period charters, future spot market rates may be higher or lower than those rates at which we have period chartered our vessels.


In formulating our chartering strategy we evaluate past, present and future performance of the freight markets and balance the mix of our chartering arrangements in order to achieve optimal results for the fleet. As of April 1, 2015 and including our two chartered in vessels, we had 10 LPG carriers operating in the spot market, 13 vessels on time charters expiring in 2015, 10 on time charters expiring from 2016 to 2022 and 14 on bareboat charters expiring from 2015 to 2022. In terms of charter coverage as of April 1, 2015 we had 63% of the available calendar days fixed under period charters for 2015, and 34% for 2016; in each case excluding the 15 LPG carriers we have contracted to acquire, for only 5 of which we have arranged employment.


While the majority of our fleet is operating in the Far East, we deploy vessels globally. Some of the areas where we usually operate are the Middle East, the Mediterranean, North West Europe and Latin America. According to industry reports the United States may increase its exports of LPG products in the near future. In the event this creates more demand for vessels like ours, we would expect to deploy more vessels in the United States and the Caribbean. As freight rates usually vary between these areas as well as voyage and operating expenses, we evaluate such parameters when positioning our vessels for new employment.



   Company Address: 331 Kifissias Avenue Athens 14561
   Company Phone Number: 625 0001   Stock Exchange / Ticker: NASDAQ GASS
   GASS is expected to report next financial results on April 26, 2024.


Customers Net Income fell by GASS's Customers Net Profit Margin fell to

-22.59 %

8.3 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ASC        2.59% 
FRO        4.45% 
NVGS   -2.02%    
SFL   -4.51%    
TK        1.83% 
TNP        5.35% 
• View Complete Report
   



Overseas Shipholding Group Inc

Overseas Shipholding Group Inc (OSG) Surges with 155.88% EPS Growth Despite Revenue Dip

Overseas Shipholding Group Inc (OSG) managed to improve its earnings per share (EPS) despite soft demand in the financial period ending December 31, 2023. EPS grew rapidly by 155.88% to $0.28 per share, while revenue diminished by -4.712% to $116.02 million year on year. Comparing with the previous reporting season, revenue increased by 0.507% from $115.44 million, and income grew by 28.43% from $0.22 per share.
Net income for the financial period ending December 31, 2023, was $20.420 million, which increased by 102.48% from the net earnings of $10.085 million reported in the same period a year ago. This improvement in net income demonstrates the company's ability to generate more profits despite market challenges.

Globus Maritime Limited

GLBS Revenue Plummets in Latest Financial Report

Globus Maritime Limited, a dry bulk shipping company, has recently made headlines with the filing of its annual report for the fiscal year ended December 31, 2023. The company's audited financial statements can now be accessed on their website, providing investors and stakeholders with a comprehensive overview of its performance and financial health.
In addition to this, Globus Maritime Limited has announced that it has successfully regained compliance with the NASDAQ Capital Market's minimum closing bid price requirement. This achievement is significant as it demonstrates the company's ability to meet regulatory standards and maintain a strong market position.

Ardmore Shipping Corp

Ardmore Shipping Corp Reports 23.01% Decline in Income per Share in Q4 20232.

As a financial journalist for the , I have been closely following the recent financial results of Ardmore Shipping Corp. The company's most recent fiscal period saw a significant decrease in both revenue and profits, with income falling by -23.01% to $2.71 per share and revenue declining by -11.164% year on year.
In the financial three months ending December 31, 2023, revenue dropped to $395.98 million from $445.74 million in the same period a year before. Net income also decreased to $116.808 million, representing a -15.63% decline from the previous year. Operating margin for Ardmore Shipping Corp fell to 37.23%, while net margin shrank to 29.5% in the fourth quarter of 2023.

Teekay Corporation

2. Teekay Corporation's Remarkable Top-line Improvement Signals Strong Performance and Growth Opportunities Ahead



Teekay Corporation, a leading marine transportation company, recently announced its financial results for the three and twelve months ended December 31, 2023. These results showcase the company's remarkable performance, with significant improvements in both revenue and net profit. This article aims to analyze the implications of these positive outcomes and discuss their potential impact on Teekay Corporation going forward.
1. Strong Financial Performance:
Teekay Corporation demonstrated an exemplary financial performance for the fiscal period of 2023. The company's net profit per share surged by an impressive 102.63% year-on-year, reaching $1.54 per share. Additionally, the company reported a substantial increase in revenue, which climbed by 23.088% to $1.46 billion, showcasing the effectiveness and efficiency of Teekay's strategies.

Forward Air Corporation

Forward Air Corporation Soars to Record Profit Levels, But Revenue Takes a Hit in Q4 2023

Forward Air Corporation (NASDAQ:FWRD), a prominent player in the freight transportation industry, recently announced significant updates regarding its financial performance and operational statistics. The company reported its financial results for the period from October to December 31, 2023, and showcased impressive growth in its earnings per share (EPS) and net earnings. However, the company experienced a decline in revenue compared to the same period in the previous year.
During the October to December 31, 2023 period, Forward Air Corporation witnessed a rapid growth in its EPS, which increased by 146.22% to $3.96 per share, compared to $1.61 per share in the previous year. Furthermore, the company's earnings per share grew by an impressive 1000.93% from $0.36 per share in the preceding financial reporting period. This indicates a significant improvement in the company's profitability and overall financial performance.






 

Stealthgas Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com