$GASS Q2 New 52 week high at open 🔥 Adj EPS $0.57 Debt free in Q3 Eco Wizard damaged in Q3 while in port in Russia https://t.co/6h9swd3ldZ
$GASS 🔥🔥 https://t.co/i2WlaEwE5C
$GASS Q2 Adj EPS $0.57 Debt free now in Q3 Minimal share repurchases https://t.co/buKkZxmYUj
StealthGas Inc. reported adjusted earnings of $0.57 per share for the second quarter, a result that positions the liquefied petroleum gas carrier to eliminate its remaining borrowings in the current quarter. Management indicated only minimal share repurchases are planned as the Athens-based company focuses on maintaining a debt-free balance sheet. The stock rose roughly 6% in pre-market trading and opened at a new 52-week high after the earnings release, suggesting investors welcomed the improved leverage profile and profit performance. Separately, StealthGas confirmed that its vessel Eco Wizard was damaged while berthed in a Russian port during the third quarter. The company did not immediately disclose the extent of the damage or any expected financial impact.
