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.
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