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Stealthgas (GASS)
NASDAQ:GASS
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.29Last Year’s EPS
$0.29Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 25, 2024
|% Change Since: -19.34%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlights a strong financial performance with record profits over the nine-month period and a solid strategy for fleet management and debt reduction. However, there were challenges such as a slight revenue dip from the previous quarter and significant drydock expenses impacting net income.Company Guidance
During the StealthGas third quarter 2024 earnings call, the company reported revenues of $40.4 million, marking a 17% increase from the previous year, despite a 3% decline from the previous quarter. The adjusted net income for Q3 was $14.2 million, an 18% rise from the prior year, while the adjusted earnings per share increased by 23% to $0.38. For the first nine months of 2024, adjusted profit reached a record $61 million, with EPS up 61% to $1.67. The company maintained a focus on deleveraging, reducing debt to below $100 million, and enhanced cash generation through strategic fleet sales and acquisitions. StealthGas secured 65% of its 2025 contracted days, ensuring $100 million in revenue, and highlighted that their vessels' positioning in Europe was strategically advantageous, given the higher regional freight rates. The fleet's geographic distribution includes a majority of vessels trading in Europe, with the company actively engaging in short- to medium-term charters. Additionally, StealthGas emphasized its strong financial standing, with cash reserves of $77.4 million and a continued strategy to capitalize on market opportunities in LPG shipping.Record Profitable Nine Months
The company reported the most profitable nine months ever, with adjusted net income reaching a record $61 million.
Revenue Increase
Revenues for the third quarter reached $40.4 million, which is a 17% increase compared to the same period last year.
Fleet Strategy and Financial Health
The company reduced its debt to below $100 million for the first time and has a strategy focused on deleveraging and optimizing cash generation.
Contracted Revenue for 2025
The company secured 65% of contracted days for 2025, translating to approximately $100 million in secured revenues.
Strong Liquidity and Balance Sheet
Cash, including restricted cash, was $77.4 million at the end of the quarter. The company is close to being net debt-free.
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GASS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GASS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $6.05 | $5.81 | -3.97% |
| Sep 05, 2024 | $5.72 | $6.22 | +8.74% |
| May 22, 2024 | $7.35 | $6.86 | -6.67% |
| Feb 21, 2024 | $7.16 | $6.54 | -8.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stealthgas (GASS) report earnings?
Stealthgas (GASS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Stealthgas (GASS) earnings time?
Stealthgas (GASS) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GASS EPS forecast?
GASS EPS forecast for the fiscal quarter 2024 (Q4) is $0.29.
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