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03 AUG 2026 MONDAY
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H. Vafias Hails Fourth Straight Successful Year for STEALTHGAS in Hellenic Shipping News 03/03/2026 STEALTHGAS INC., a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2025. OPERATIONAL AND FINANCIAL HIGHLIGHTS In 2025 the Company maintained its high profitability reporting Net Income of $60.6 million and EPS of $1.64. For the fourth quarter Net income came in at $12.8 million corresponding to a basic EPS of $0.34, 10% lower than the $14.2 million achieved in the previous year. Revenues for the fourth quarter of $39.4 million, decreased 9% or $4.1 million compared to the same period of last year. Continued focus on period coverage. About 48% of fleet days for the remainder of 2026 are secured on period charters, with total fleet employment days for all periods generating about $104 million (excl. our single JV vessel) in contracted revenues. Repaid all debt obligations in our fully owned fleet, making $85.9 million in debt repayments during the twelve months of 2025 and $350 million since December 2022. Currently, all the vessels in the fully owned fleet are unencumbered. During 2025 the Company spent $1.8 million on share repurchases. Overall, under the current program the Company has spent over $21.2 million in share repurchases since June 2023. The Company further strengthened its liquidity with cash and cash equivalents of $99.1 million as of December 31, 2025. Fourth Quarter 2025 Results1: Revenues for the three months ended December 31, 2025, amounted to $39.4 million compared to revenues of $43.5 million for the three months ended December 31, 2024, based on an average of 28.4 vessels and 27.6 vessels owned by the Company, respectively. The decrease in revenue is mainly attributable to the loss of revenue from our vessel Eco Wizard due to the incident that occurred in July 2025 and rendered it inoperable, which was mitigated by the increase in the number of vessels in our fleet. Voyage expenses and vessels’ operating expenses for the three months ended December 31, 2025, were $5.9 million and $12.7 million, respectively, compared to $3.2 million and $13.6 million, respectively, for the three months ended December 31, 2024. The $2.7 million increase in voyage expenses was mainly due to an increase in bunkers costs and port expenses as a result of the increase in spot market days for the fleet. General and administrative expenses for the three months ended December 31, 2025 and 2024, were $2.2 million and $3.0 million, respectively. The change is mainly attributed to the decrease in stock-based compensation expense. Depreciation for the three months ended December 31, 2025 and 2024, was $5.4 million and $6.6 million, respectively. The $1.2 million decrease is mainly related to the two vessels that had been classified as held for sale as of December 31, 2025, whereas no vessels were classified as held for sale during the same period last year. Gain on sale of vessels for the three months ended December 31, 2025, was $0.7 million compared to nil for the same period last year. The gain is attributed to the sale of one vessel during the three months ended December 31, 2025. Interest and finance costs for the three months ended December 31, 2025 and 2024, were $0.01 million and $1.4 million, respectively. The $1.39 million decrease from the same period of la
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news Hellenic Shipping News ·2026-03-02

H. Vafias Hails Fourth Straight Successful Year for STEALTHGAS

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