Press Releases

STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE THIRD QUARTER AND NINE MONTHS 2021 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, GREECE December 6, 2021. STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its third quarter and nine months operating and financial results for the period ended September 30, 2021 before the market opens in New York on December 8, 2021.

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STEALTHGAS INC. REPORTS FIRST QUARTER 2021 FINANCIAL AND OPERATING RESULTS

ATHENS, GREECE, May 26, 2021. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2021.

OPERATIONAL AND FINANCIAL HIGHLIGHTS[1]

  • Fleet utilization of 98.7% with 50 days of technical off hire mainly as a result of one drydocking completed within Q1 2021.
  • Operational utilization of 93.1% mainly due to 15 of our ships having a predominant presence in the spot market - equivalent to 31.2% of voyage days.
  • 61% of fleet days secured on period charters for the remainder of 2021, with total fleet employment days for all subsequent periods generating approximately $87 million (excluding vessels in joint ventures) in contracted revenues. Period coverage for the remainder of  Q2 21’ is currently 80%.
  • Sale and delivery in Q2 21’, of the 35,000 cbm MGC vessel, the Gaschem Hamburg (2010 built), owned by our MGC joint venture arrangement, for a price of $34 million generating an aggregate gain, for the Joint Venture, of $7 million.
  • Voyage revenues of $37.4 million in Q1 21’, an increase of $3.0 million compared to Q1 20’ mostly due to a 58% in the fleet’s bareboat activity where revenues are inherently lower than those earned from time charter and spot activity.
  • Net income of $0.8 million for Q1 21’ corresponding to an EPS of $0.02 compared to  net income of $3.0 million corresponding to an EPS of $0.08 in the same period of last year.
  • EBITDA of $13.4 million in Q1 21’ compared to $16.5 million in Q1 20’ - due to lower operational utilization as a result of higher spot activity.
  • Low gearing, as debt to assets stands at 37.7%, and a quarter over quarter reduction in finance costs by $1.1 million.
  • Total cash, including restricted cash, of $52.9 million with no capital expenditure commitments in the near future.

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STEALTHGAS INC. ANNOUNCES RECORD DATE FOR DISTRIBUTION OF IMPERIAL PETROLEUM INC. SHARES FOR SPIN-OFF OF TANKER VESSELS

Athens, Greece, November 12, 2021 – StealthGas Inc. (Nasdaq: GASS) (the “Company”),  a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, today announced that the record date for the spin-off distribution of common shares and 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares (“Series A 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. 

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STEALTHGAS Inc. Announces the Date for the Release of the First Quarter 2021 Financial and Operating Results, Conference Call and Webcast

ATHENS, GreeceMay 24, 2021 -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving primarily the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its first quarter operating and financial results for the period ended March 31, 2021 before the market opens in New York on May 26, 2021.

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STEALTHGAS INC. ANNOUNCES FILING OF REGISTRATION STATEMENT RELATING TO PROPOSED SPIN-OFF OF TANKER VESSELS

STEALTHGAS INC. ANNOUNCES FILING OF REGISTRATION STATEMENT RELATING TO PROPOSED SPIN-OFF OF TANKER VESSELS

Athens, Greece, November 5, 2021 – StealthGas Inc. (NYSE: GASS) (the “Company”), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, today announced that, through a wholly-owned subsidiary, it has filed a registration statement on Form F-1 pursuant to the Securities Act of 1933 to effect a spin-off of its three product tankers and its aframax tanker. Imperial Petroleum Inc., the newly formed subsidiary that will act as the holding company for the four tanker vessels, has applied to have its common shares and 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares (“Series A Preferred Shares”) listed on the Nasdaq Capital Market.

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STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE FOURTH QUARTER AND TWELVE MONTHS 2020 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, GREECE February 22, 2021. STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving primarily the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its fourth quarter and twelve months operating and financial results for the period ended December 31, 2020 before the market opens in New York on February 25, 2021.

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STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE SECOND QUARTER AND SIX MONTHS 2021 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, GREECE August 23, 2021. STEALTHGAS INC. (NASDAQ:GASS) (the “Company”), a ship-owning company serving primarily the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its second quarter and six months operating and financial results for the period ended June 30, 2021 before the market opens in New York on August 25, 2021.

On August 25, 2021 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

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