DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Download on the App Store
Screenshot of DeepNewz app showing story detail view.
Aug 25, 01:09 PM
StealthGas Jumps to Year High on Q2 Profit and Debt-Free Goal
Greece
Company Earnings
Stocks
Business
World

StealthGas Jumps to Year High on Q2 Profit and Debt-Free Goal

Authors
  • Chris Shipping 🚢🚢
  • Value Investor's Edge
  • Palmer
3

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.

Written with ChatGPT .

Additional media

Image #1 for story stealthgas-jumps-to-year-high-on-q2-profit-debt-free-goal-d7438928
Image #2 for story stealthgas-jumps-to-year-high-on-q2-profit-debt-free-goal-d7438928
Image #3 for story stealthgas-jumps-to-year-high-on-q2-profit-debt-free-goal-d7438928