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Last $4.89 USD
Change Today -0.01 / -0.20%
Volume 153.2K
GASS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

stealthgas inc (GASS) Key Developments

StealthGas, Inc. Announces Unaudited Consolidated Earnings and Operational Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Impairment Loss for the Second Quarter of 2015

StealthGas, Inc. announced unaudited consolidated earnings and operational results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $29,995,345 compared to $29,423,683 a year ago. Total revenues were $32,437,136 compared to $31,865,474 a year ago. Income from operations was $1,098,748 compared to $7,142,147 a year ago. Net loss was $1,260,142 or $0.03 per basic and diluted share compared to net income of $4,670,438 or $0.12 per basic and diluted share a year ago. Adjusted net income was $2,429,402 or $0.06 per share compared to $4,409,548 or $0.12 per share a year ago. EBITDA was $9,868,881 compared to $15,827,163 a year ago. Adjusted EBITDA was $13,558,425 compared to $15,566,273 a year ago. Revenue increase was primarily due to the net addition of 4 vessels which increased the number of operating vessels to 48 as of the end of June 2015. For the six months, the company reported revenues of $63,237,513 compared to $60,874,399 a year ago. Total revenues were $68,113,054 compared to $65,749,940 a year ago. Income from operations was $8,983,547 compared to $16,839,322 a year ago. Net income was $4,571,778 or $0.11 per basic and diluted share compared to $12,302,516 or $0.34 per basic and diluted share a year ago. Net cash provided by operating activities was $27,674,177 compared to $30,866,347 a year ago. Vessels acquisitions and advances for vessels under construction was $64,670,210 compared to $75,005,167 a year ago. Adjusted net income was $8,217,102 or $0.20 per share compared to $11,576,280 or $0.32 per share a year ago. EBITDA was $26,568,377 compared to $34,148,086 a year ago. Adjusted EBITDA was $30,213,701 compared to $33,421,850 a year ago. Increase in revenue was primarily due to the higher number of vessels in fleet in the 2015 period. For the quarter, average number of vessels was 46.0 against 43.3 a year ago. Period end number of vessels in fleet was 48 against 44 a year ago. Total calendar days for fleet were 4,369 against 3,940 a year ago. Total voyage days for fleet were 4,363 against 3,902 a year ago. Fleet utilization was 99.9% against 99.0% a year ago. Total charter days for fleet were 3,347 against 3,354 a year ago. Total spot market days for fleet were 1,016 against 548 a year ago. Fleet operational utilization was 89.2% against 92.3% a year ago. For the six months, average number of vessels was 46.0 against 42.7 a year ago. Period end number of vessels in fleet was 48 against 44 a year ago. Total calendar days for fleet were 8,681 against 7,724 a year ago. Total voyage days for fleet were 8,664 against 7,652 a year ago. Fleet utilization was 99.8% against 99.1% a year ago. Total charter days for fleet were 6,950 against 6,771 a year ago. Total spot market days for fleet were 1,714 against 881 a year ago. Fleet operational utilization was 92.4% against 95.2% a year ago. For the quarter, the company reported impairment loss of $3,566,693.

StealthGas, Inc. to Report Q2, 2015 Results on Aug 27, 2015

StealthGas, Inc. announced that they will report Q2, 2015 results at 9:00 AM, GTB Standard Time on Aug 27, 2015

StealthGas, Inc., Q2 2015 Earnings Call, Aug 27, 2015

StealthGas, Inc., Q2 2015 Earnings Call, Aug 27, 2015

StealthGas, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

StealthGas, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues were $35,675,918 against $33,884,466 a year ago. Income from operations were $7,884,799 against $9,697,175 a year ago. Net income was $5,831,920 or $0.14 basic and diluted per share against $7,632,078 or $0.23 basic and diluted per share a year ago. Net cash provided by operating activities was $13,404,909 against $17,870,368 a year ago. Vessels acquisitions and advances for vessels under construction was $7,829,757 against $27,055,490 a year ago. Adjusted net income was $5,763,741 against $7,165,643 a year ago. EBITDA was $16,699,496 against $18,320,923 a year ago. Adjusted EBITDA was $16,631,317 against $17,854,488 a year ago. Adjusted EPS was $0.14 against $0.21 per share a year ago. For the quarter, average number of vessels was 45.9 against 42 a year ago. Period end number of vessels in fleet was 46 against 43 a year ago. Total calendar days for fleet were 4,312 against 3,784 a year ago. Total voyage days for fleet were 4,301 against 3,750 a year ago. Fleet utilization was 99.7% against 99.1% a year ago. Total charter days for fleet were 3,603 against 3,417 a year ago. Total spot market days for fleet were 698 against 333 a year ago. Fleet operational utilization was 95.6% against 98.3% a year ago.

StealthGas, Inc. to Report Q1, 2015 Results on May 26, 2015

StealthGas, Inc. announced that they will report Q1, 2015 results at 9:00 AM, GTB Standard Time on May 26, 2015

 

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Industry Analysis

GASS

Industry Average

Valuation GASS Industry Range
Price/Earnings 42.0x
Price/Sales 1.5x
Price/Book 0.3x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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