Key Points – StealthGas posted higher Q1 revenue of $42.8 million, with adjusted net income of $15 million and adjusted EPS of $0.40.
The company said results were supported by a firm LPG shipping market despite fewer revenue-earning days. – The balance sheet remains debt-free and cash-rich, with cash rising to $131.2 million at quarter-end and management later citing about $155 million on the call
StealthGas has repaid $350 million of debt over three years and says the zero-debt structure improves flexibility and lowers breakeven costs. – Revenue visibility is strong, with about $100 million in contracted revenue and 55% of fleet days for the rest of 2026 already fixed. Management also said the company is selling older vessels, while the unresolved Eco Wizard insurance matter should be settled within the current month or next quarter. – Best Ultra-Value Stocks Set for Long-Term Growth StealthGas (NASDAQ:GASS) reported higher first-quarter revenue and continued to emphasize its debt-free balance sheet, growing cash position and charter coverage during its first-quarter 2026 earnings call. Chairman Michael Jolliffe said revenue rose to $42.8 million in the quarter, up 2% from $42 million in the first quarter of 2025 and 9% from $39.4 million in the prior quarter.
Adjusted net income was $15 million, compared with $16 million a year earlier and $13.3 million in the previous quarter. Adjusted earnings per share were $0.40. Jolliffe said the company has maintained “a very flexible capital structure” after completing its strategic deleveraging goal last July.