StealthGas Inc. Reports Q1 2025 Results: Net Income at $14.1M, EPS Drops to $0.38 from $0.49 in Previous Year

Reuters
05-30
StealthGas Inc. Reports Q1 2025 Results: Net Income at $14.1M, EPS Drops to $0.38 from $0.49 in Previous Year

StealthGas Inc., a ship-owning company operating in the liquefied petroleum gas $(LPG)$ sector, announced its unaudited financial and operating results for the first quarter ended March 31, 2025. The company reported a net income of $14.1 million, reflecting a decrease from the $17.7 million recorded in the same quarter of the previous year. The basic earnings per share $(EPS)$ for the quarter was $0.38, down from $0.49 in the first quarter of 2024. Additionally, the adjusted net income stood at $16.1 million, corresponding to an adjusted EPS of $0.44, compared to $19.1 million and an adjusted EPS of $0.53 in the same period last year. StealthGas has emphasized its strong profitability despite a period of uncertainty in the market, highlighting its strategy of reducing financial risk. The company has become net debt-free after repaying over $50 million in debt this year, with 27 out of its 28 vessels unencumbered. In a bid to return value to shareholders, StealthGas has also been actively buying back shares, spending $1.8 million on share repurchases since March, totaling over $21.2 million since June 2023. The company remains optimistic about the fundamentals of LPG shipping and anticipates an improvement in trade flows and market sentiment as the year progresses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. StealthGas Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-131459), on May 30, 2025, and is solely responsible for the information contained therein.

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