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Stealthgas (GASS)
NASDAQ:GASS
Earnings Data
Report Date
Feb 21, 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: -8.26%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record-breaking revenue and profit, significant debt reduction, and strategic share repurchases. However, it also acknowledged challenges from dry docking costs, increased operating expenses, and geopolitical uncertainties that could impact future performance.Company Guidance
In the StealthGas Inc. Q4 2024 earnings call, the company reported a record revenue of $167.3 million for the year, marking a 27% increase from the previous year and achieving the highest revenue in its history. The adjusted net income for the year was $77.3 million, a 53% increase from 2023, and the adjusted earnings per share stood at $2.11. The company successfully reduced its debt below $100 million by the third quarter and made further repayments, bringing the debt level close to $50 million, achieving a net debt-free status. Additionally, they secured $107 million in revenues for 2025, with 70% of fleet days covered, and announced a share repurchase program of up to $10.5 million. The company also noted that geopolitical factors could impact the LPG market, but expressed confidence in its strategic positioning and continued focus on fleet modernization and revenue security.Record-Breaking Revenue
Revenues for Q4 2024 were $43.5 million, a 27% increase from the previous year, with full-year revenues reaching $167.3 million, the highest in the company's history.
Sustained Profit Growth
The company recorded a yearly profit of $77 million on an adjusted basis, marking the third consecutive year of record profits.
Significant Debt Reduction
The company reduced its debt by $108 million in 2024, bringing it below $100 million for the first time, and further reduced it to $50 million in 2025, becoming net debt-free.
Strong Cash Flow and Share Repurchase Plan
The company has authorized $10.5 million for share repurchases, with a focus on optimizing cash flow generation.
High Secured Future Revenues
The company secured $200 million in future revenues with 70% fleet days coverage for 2025.
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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 21, 2025, TBA Not Confirmed.
What is Stealthgas (GASS) earnings time?
Stealthgas (GASS) earnings time is at Feb 21, 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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