StealthGas (GASS) has released an update.
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StealthGas Inc. has reported a record net income of $25.8 million for Q2 2024, marking a significant 145.8% increase from the previous year, with revenues up by 13.9% to $41.8 million. The company also boasts a strong future outlook with 85% of its fleet days secured for the remainder of 2024, projecting over $220 million in contracted revenues. Amidst operational success, StealthGas continues to strategically reduce its debt, having repaid $85.3 million in the first half of the year.
For further insights into GASS stock, check out TipRanks’ Stock Analysis page.
