Earnings ·
StealthGas Inc. reported unaudited financial results for the second quarter and six months ended June 30, 2026
GASSStealthGas Inc.
StealthGas Inc. reported unaudited financial results for the second quarter and six months ended June 30, 2026. Net income was $17.3 million ($0.46 basic EPS) in Q2, down from $20.4 million ($0.55 EPS) in Q2 2025, while revenues remained flat at $42.9 million. For the six-month period, net income totaled $33.2 million ($0.89 EPS), compared to $34.5 million ($0.93 EPS) in the prior year. The company achieved a TCE rate of $15,709 and secured approximately 60% of its remaining 2026 fleet days under period charters with contracted revenues of about $90 million. StealthGas paid down all bank debt since Q3 2025, leaving the fully owned fleet unencumbered, and boosted liquidity to over $250 million following an insurance claim resolution. StealthGas Inc. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry.