Latest development5 months ago
StealthGas Posts Strong Q1 Profit with Cash Reserves Surpassing $155 Million
The LPG carrier reported $15.9 million in net income and secured $100 million in contracted revenues through 2029.
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StealthGas reported a net income of $15.9 million with an EPS of $0.43 for Q1 2026, representing a 24% increase from the previous quarter. Revenues reached $42.8 million, up 2% year-over-year, while cash reserves strengthened to $131.2 million following strategic vessel sales. The company has secured $100 million in contracted revenue, covering 54% of its remaining fleet days for 2026.
The LPG carrier reported $15.9 million in net income and secured $100 million in contracted revenues through 2029.
Read the full storyThe LPG carrier reported $15.9 million in net income, driven by strategic vessel sales despite geopolitical tensions raising voyage expenses.
The company reported net income of $15.9 million, driven by rising LPG rates and strategic vessel sales during the first quarter.