Vessel operator StealthGas beats Q3 revenue estimates on higher volumes
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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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