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Earnings
StealthGas reports Q1 adjusted EPS 23c vs. 2c last year » 09:23
05/26/22
05/26
09:23
05/26/22
09:23
GASS

StealthGas

$2.49 /

+0.075 (+3.11%)

Reports Q1 revenue $35.9M…

Reports Q1 revenue $35.9M vs. $37.4M last year. Board Chairman Michael Jolliffe Commented: "Following the strategic decision to become a pure player in the broader LPG market, this was the first quarter that the Stealthgas fleet consisted of only LPG carriers of various sizes. During the first quarter the improving LPG market continued its upward trend and we managed to capitalise, posting improved profits of $7.6 million, one of the best quarterly results in many years. On an adjusted basis our EPS for the quarter was $0.23. We also managed to contain cost pressures particularly related to crew and bunker prices that continue to push our cost base. That being said, we continue to operate in a challenging geopolitical environment with the war in Ukraine and the COVID-19 pandemic, particularly with regards to the situation in China, still ongoing creating more uncertainty for the future. Now we can also add economic uncertainty as a result of high inflationary pressures and rising interest rates. How all this will affect the LPG shipping market and whether we will be able to benefit from any change in trade patterns remains to be determined, as this is a market that is still seeking direction. Going forward we cannot predict our market's reality especially in such turbulent times; however, our sizeable fleet, our market's strong fundamentals, LPG rates improvement in the first quarter of 2022 along with our healthy capital structure are the strong points upon which we will rely no matter any potential market disturbances we might need to face."

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GASS StealthGas
$2.49 /

+0.075 (+3.11%)

GASS StealthGas
$2.49 /

+0.075 (+3.11%)

04/27/22 Jefferies
StealthGas reinstated with a Buy at Jefferies
GASS StealthGas
$2.49 /

+0.075 (+3.11%)

GASS StealthGas
$2.49 /

+0.075 (+3.11%)

Initiation
StealthGas reinstated with a Buy at Jefferies » 08:09
04/27/22
04/27
08:09
04/27/22
08:09
GASS

StealthGas

$2.27 /

-0.085 (-3.61%)

Jefferies analyst…

Jefferies analyst Christopher Robertson reinstated coverage of StealthGas with a Buy rating and $4.50 price target. Rates across several maritime group sub-sectors experienced normal seasonal pressures during Q1, but rates and asset values are now on the rise across several sub-sectors and the Jefferies shipping index is up about 25% year-to-date, largely due to recent equity performance in the dry bulk and tanker space, noted Robertson, who remains positive on supply-side fundamentals as he reinstated coverage of the maritime shipping group at the firm.

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GASS StealthGas
$2.27 /

-0.085 (-3.61%)

GASS StealthGas
$2.27 /

-0.085 (-3.61%)

GASS StealthGas
$2.27 /

-0.085 (-3.61%)

Over a quarter ago
Earnings
StealthGas reports Q4 adjusted EPS 7c, one est. 7c » 09:27
03/08/22
03/08
09:27
03/08/22
09:27
GASS

StealthGas

$2.60 /

+0.11 (+4.42%)

Reports Q4 revenue…

Reports Q4 revenue $36.1M, one est. $30.06M. Fleet utilization of 98.3% with 62 days of technical off-hire, mainly as a result of the full completion of two drydockings in Q4 2021. Operational utilization of 96.1%, an improved performance compared to the third quarter of 2021, mainly due to a 10% reduction of spot days. Board Chairman Michael Jolliffe commented, "Year 2021 has been throughout its course demanding, as it required shipping companies to adapt to the pressures arising from the ongoing COVID-19 pandemic, along with inflationary pressures as an outcome of rising energy prices. Regrettably, the Russian war outbreak in Ukraine has made our global reality uncertain with considerable effects on humanitarian, geopolitical and economic aspects; LPG trade will not remain unaffected, and we may see direct effects such as changes in trade patterns as well as indirect ones such as further increases in energy prices, and various other costs that may increase such as insurance war risk premiums. Regardless of the dire environment in 2021, StealthGas followed a dynamic pace taking the strategic decision to become a pure player in the broader LPG market; thus, transferring the tankers to a separate listed entity; equally important, we underwent a large scale project of refinancing the majority of our fleet reaping benefits on both cash flow and costs. Our year ended with a profit of $10.2 million excluding impairment charges, a decent performance when taking into consideration the large increase in our voyage costs, crew costs related to the COVID-19 pandemic as well expenses for drydocking again due to COVID-19 yard restrictions. Going forward we cannot predict our market's reality especially in such erratic times; however, our sizeable fleet, our market's strong fundamentals, LPG rates improvement in the fourth quarter of 2021 along with our healthy capital structure are the strong points upon which we will rely, despite any market disturbances we may face."

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GASS StealthGas
$2.60 /

+0.11 (+4.42%)

GASS StealthGas
$2.60 /

+0.11 (+4.42%)

GASS StealthGas
$2.60 /

+0.11 (+4.42%)

Earnings
StealthGas reports Q3 adjusted EPS 5c, one est. 4c » 09:21
12/08/21
12/08
09:21
12/08/21
09:21
GASS

StealthGas

$2.46 /

+0.025 (+1.03%)

Reports Q3 revenue…

Reports Q3 revenue $37.5M, one est. $31.79M. Board Chairman Michael Jolliffe commented, "We are pleased with the successful completion of our tankers spin-off to a newly listed entity called Imperial Petroleum. With regards to StealthGas, the separation of the four tankers will give the opportunity to focus exclusively on the broader LPG market which has always been our core business. The Company owns predominately small LPGs for which rates are less volatile along with larger LPG vessels facing more volatile freight rates- thus the capability to increase revenue dynamics. Given the different nature of risk that tankers and gas carriers bear, the strategic move of separating these two asset classes will give shareholders the flexibility to adjust their holdings according to the sector in which they want to invest and the timing in the cycle. Focusing on GASS results in the third quarter of 2021- these were primarily undermined by the weak spot market and particularly the increased commercial off hire days. As the market improved from September onwards, we took the opportunity to fix almost all of our fleet on period charters and soundly position ourselves for the upcoming quarters. Regardless of the LPG market improvement evident this past couple of months, the biggest global concern is still the COVID-19 pandemic. New variants might potentially heavily impact the market in the short term; And that's why we have chosen to be defensive with low leverage and having only a few ships operating in the spot market."

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GASS StealthGas
$2.46 /

+0.025 (+1.03%)

GASS StealthGas
$2.46 /

+0.025 (+1.03%)

01/29/21 Jefferies
StealthGas price target raised to $4.50 from $4 at Jefferies
GASS StealthGas
$2.46 /

+0.025 (+1.03%)

GASS StealthGas
$2.46 /

+0.025 (+1.03%)

Options
One new option listing on December 7th » 08:30
12/07/21
12/07
08:30
12/07/21
08:30
GASS

StealthGas

$2.44 /

-0.375 (-13.35%)

New option listings for…

New option listings for December 7th include Stealth Gas (GASS).

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GASS StealthGas
$2.44 /

-0.375 (-13.35%)

GASS StealthGas
$2.44 /

-0.375 (-13.35%)

01/29/21 Jefferies
StealthGas price target raised to $4.50 from $4 at Jefferies
GASS StealthGas
$2.44 /

-0.375 (-13.35%)

GASS StealthGas
$2.44 /

-0.375 (-13.35%)

Hot Stocks
StealthGas completes spin-off of Imperial Petroleum » 09:06
12/06/21
12/06
09:06
12/06/21
09:06
GASS

StealthGas

$2.81 /

+0.215 (+8.29%)

StealthGas announced that…

StealthGas announced that it has completed the spin-off of its wholly-owned subsidiary, Imperial Petroleum Inc., the holding company for four tanker vessels, effective December 3, 2021. StealthGas stockholders received one share of Imperial Petroleum common stock, par value $0.01 per share and one share of Imperial Petroleum 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, liquidation preference $25.00 per share, for every eight shares and forty-eight shares, respectively, of StealthGas common stock owned at the close of business on the record date of November 23, 2021. To the extent the distribution would have resulted in any shareholder owning a fractional Imperial Petroleum Common Share or Series A Preferred Share, such fractional shares will be aggregated by the distribution agent into whole shares, sold in the open market at prevailing rates and the net cash proceeds from the sales distributed pro rata to each holder who would otherwise have been entitled to receive fractional Imperial Petroleum Common Shares or Series A Preferred Shares, as applicable, in the distribution

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GASS StealthGas
$2.81 /

+0.215 (+8.29%)

GASS StealthGas
$2.81 /

+0.215 (+8.29%)

01/29/21 Jefferies
StealthGas price target raised to $4.50 from $4 at Jefferies
GASS StealthGas
$2.81 /

+0.215 (+8.29%)

GASS StealthGas
$2.81 /

+0.215 (+8.29%)

Options
Three option delistings on December 6th » 08:30
12/06/21
12/06
08:30
12/06/21
08:30
ENBL

Enable Midstream

$7.04 /

+ (+0.00%)

, ESXB

Community Bankers Trust

$11.24 /

-0.495 (-4.22%)

, GASS

StealthGas

$2.81 /

+0.215 (+8.29%)

Option delistings…

Option delistings effective December 6th include Enable Midstream (ENBL), Community Bankers Trust (ESXB), and Stealth Gas (GASS).

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GASS StealthGas
$2.81 /

+0.215 (+8.29%)

ESXB Community Bankers Trust
$11.24 /

-0.495 (-4.22%)

ENBL Enable Midstream
$7.04 /

+ (+0.00%)

ENBL Enable Midstream
$7.04 /

+ (+0.00%)

03/02/21 Barclays
Enable Midstream upgraded to Equal Weight from Underweight at Barclays
03/01/21 Mizuho
Enable Midstream downgraded to Neutral from Buy at Mizuho
ESXB Community Bankers Trust
$11.24 /

-0.495 (-4.22%)

02/03/21 Stephens
Stephens cuts Community Bankers Trust to Equal Weight as stock nears $8 target
02/03/21 Stephens
Community Bankers Trust downgraded to Equal Weight from Overweight at Stephens
GASS StealthGas
$2.81 /

+0.215 (+8.29%)

01/29/21 Jefferies
StealthGas price target raised to $4.50 from $4 at Jefferies
GASS StealthGas
$2.81 /

+0.215 (+8.29%)

ESXB Community Bankers Trust
$11.24 /

-0.495 (-4.22%)

ENBL Enable Midstream
$7.04 /

+ (+0.00%)

ESXB Community Bankers Trust
$11.24 /

-0.495 (-4.22%)

Hot Stocks
StealthGas announces record date for distribution of Imperial Petroleum shares » 09:27
11/12/21
11/12
09:27
11/12/21
09:27
GASS

StealthGas

$2.74 /

+ (+0.00%)

StealthGas announced that…

StealthGas announced that the record date for the spin-off distribution of common shares and 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares of Imperial Petroleum Inc., the newly formed subsidiary that will act as the holding company for its four tanker vessels, is November 23, 2021. StealthGas stockholders will receive one Imperial Petroleum common share and one Imperial Petroleum Series A Preferred Share for every eight shares and forty-eight shares, respectively, of StealthGas common stock owned at the close of business on November 23, 2021. The distribution is expected to be made on or about December 3, 2021. Fractional common shares and fractional Series A Preferred Shares will not be distributed. Instead, the distribution agent will aggregate fractional common shares and fractional Series A Preferred Shares, respectively, into whole shares, sell such whole shares in the open market at prevailing rates promptly after our common shares and Series A Preferred Shares, respectively, commence trading on the Nasdaq Capital Market, and distribute the net cash proceeds from the sales pro rata to each holder who would otherwise have been entitled to receive fractional common shares or fractional Series A Preferred Shares, as applicable, in the distribution. Shares of StealthGas Inc. common stock will trade with due bills from the Record Date through and including the Distribution Date. Accordingly, shareholders of StealthGas Inc. as of the Record Date must continuously hold such shares of StealthGas Inc. common stock through and including the Distribution Date in order to receive shares of Imperial Petroleum Inc. in the spin-off. The spin-off transaction is expected to be completed on or around December 3, 2021, and remains subject to Imperial Petroleum Inc.'s registration statement on Form F-1 being declared effective by the Securities and Exchange Commission and the approval of the listing of Imperial Petroleum Inc.'s common shares and Series A Preferred Shares on the Nasdaq Capital Market.

ShowHide Related Items >><<
GASS StealthGas
$2.74 /

+ (+0.00%)

01/29/21 Jefferies
StealthGas price target raised to $4.50 from $4 at Jefferies
GASS StealthGas
$2.74 /

+ (+0.00%)

Earnings
StealthGas reports Q2 adjusted EPS 13c, one est. (4c) » 09:23
08/25/21
08/25
09:23
08/25/21
09:23
GASS

StealthGas

$2.47 /

+0.075 (+3.13%)

Reports Q2 revenue…

Reports Q2 revenue $39.2M, one est. $31.77M. Fleet utilization of 98.1% - with 60 days of technical off hire mainly as a result of three drydockings completed within Q2 2021. Operational utilization of 96.3%, a stronger performance compared to the first quarter of 2021, mainly due to the decreased activity in the spot market along with the reduction of commercial off hire days by 45%. Board Chairman Michael Jolliffe commented, "During the second quarter of 2021 we managed to improve our revenues and reduce our commercial off hire. In addition period activity picked up particularly for vessels above 5,000 cbm and consequently we were able to conclude and extend period charters and therefore reduce the number of spot vessels reaching nearly pre pandemic levels. However compared to the same period of last year we had six additional vessels concluding their bareboat charters thus adding to our operating cost base, we faced additional costs due to the COVID-19 pandemic, particularly crew expenses related to medical and crew changes. Additionally our voyage costs were burdened as daily bunker costs increased by 70% compared to the same period of last year. Added to this we underwent three drydockings at a time of strict yard restirctions, again due to the COVID-19 pandemic thus adding further to our costs. Due to these reasons our revenue generation was not reflected in our operating profitability. It is difficult to predict how our market will behave in the quarters ahead as the global economy due to the COVID-19 pandemic and related variants still remains fragile. Nevertheless we own a strong and diversified fleet across the broader LPG spectrum, we enjoy adequate liquidity, further enhanced by our recent agreement to sell two small LPG vessels, and low debt levels which will allow us to gain leverage regardless on how the global economy will respond to the recent COVID-19 pandemic escalation."

ShowHide Related Items >><<
GASS StealthGas
$2.47 /

+0.075 (+3.13%)

01/29/21 Jefferies
StealthGas price target raised to $4.50 from $4 at Jefferies
GASS StealthGas
$2.47 /

+0.075 (+3.13%)

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