Vessel operator StealthGas beats Q3 revenue estimates on higher volumes
StealthGas reported a 10% year-over-year increase in Q3 revenue, surpassing analyst expectations. The company achieved higher adjusted EPS due to operational efficiency and repaid $85.9 million in debt, leaving all vessels unencumbered. StealthGas secured 85% of 2025 fleet days on period charters, expecting $130 million in contracted revenues. The revenue boost is attributed to fleet expansion and improved market conditions, despite higher voyage expenses. Key metrics include $44.50 million in revenue and $0.39 adjusted EPS, both beating consensus estimates.
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Overview
- StealthGas Q3 revenue grows 10% yr/yr, beating analyst expectations
- Adjusted EPS for Q3 beats consensus, reflecting operational efficiency
- Company repaid $85.9 mln in debt, all vessels now unencumbered
Outlook
- StealthGas secures 85% of 2025 fleet days on period charters
- Company expects $130 mln in contracted revenues for 2025
- StealthGas sees increasing charter rates in current quarter
Result Drivers
- FLEET EXPANSION - Revenue increase attributed to more vessels and improved market conditions
- HIGHER EXPENSES - Increase in voyage expenses due to more spot market days and higher bunker costs
- DEBT REPAYMENT - All vessels unencumbered following $85.9 mln debt repayment
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Beat $44.50 $39.20
Revenue mln mln (1
Analyst)
Q3 Beat $0.39 $0.31 (1
Adjusted Analyst)
EPS
Q3 Beat $14.40 $11.20
Adjusted mln mln (1
Net Analyst)
Income
Q3 Basic $0.36
EPS
Q3 $19.50
EBITDA mln
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
