GASS STEALTHGAS INC.
Price Chart
Executive Summary
StealthGas reported Q1 2026 net income of $15.9M ($0.43 EPS), up 13% YoY from $14.1M ($0.38 EPS), on revenue of $42.8M (+2% YoY). Adjusted EPS fell to $0.40 from $0.44 YoY due to higher drydock costs and a $2.5M vessel sale gain. The company strengthened liquidity to $131.2M cash and has ~$100M in contracted revenue backlog, but fleet utilization dropped sharply to 91.3% from 99.2% due to drydocking.
Key Financial Metrics
Actionable Insight
StealthGas shows solid profitability and a fortress balance sheet with zero debt and growing cash, but the sharp utilization drop (91.3% vs 99.2%) and elevated drydock costs are transitory headwinds. The ~$100M contracted revenue backlog provides near-term visibility. Monitor Q2 for utilization recovery and vessel sale proceeds (~$26M expected). The stock's small cap and illiquid nature amplify moves — the 86% analyst bullishness suggests limited downside, but the historical T+20 underperformance (-3.8%) warrants caution on chasing.
Key Facts
- Q1 2026 net income $15.9M vs $14.1M YoY (+13%)
- Revenue $42.8M vs $42.0M YoY (+2%)
- Basic EPS $0.43 vs $0.38 YoY
- Adjusted EPS $0.40 vs $0.44 YoY (-9%)
- Fleet utilization 91.3% vs 99.2% YoY (three vessels drydocked)
- Cash and equivalents $131.2M, up 32% from $99.1M at year-end
- Contracted revenue backlog ~$100M excluding JV
- Sold three vessels in 2026, gross proceeds ~$26M from two pending sales
- All owned vessels unencumbered (zero debt)
- EBITDA $20.7M vs $21.4M YoY (-3%)
Financial Impact
Net income +13% YoY to $15.9M; revenue +2% to $42.8M; adjusted EPS -9% to $0.40; cash +32% to $131.2M
Risk Factors
- Geopolitical instability in Middle East affecting charter rates and war risk insurance costs
- Fleet utilization may remain pressured if more drydocking or commercial idle days occur
- Vessel sales reduce fleet size and future earning capacity
- LPG shipping rates are cyclical and could soften
- Low trading liquidity could amplify price swings
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3307385 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
1d ago
|
Press Release
| $9.21 awaiting T+1 | awaiting T+1 | — | $9.62 (+4.51%) |
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Jun 1, 2026
5d ago
|
Press Release
| $9.35 $9.44 | ▲ +0.96% | ▲ +0.82% | $9.62 (+2.89%) |
|
Apr 28, 2026
5w ago
|
20-F
| — | awaiting T+1 | — | — |
|
Mar 2, 2026
13w ago
|
Press Release
| $8.68 $8.94 | ▼ −3.00% | ▼ −3.91% | $9.62 (−10.83%) |
US Market Status
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