STEALTHGAS INC. Reports Second Quarter and Six Months 2026 Financial and Operating Results
StealthGas reported Q2 2026 net income of $17.3 million, or $0.46 basic EPS, on revenues of $42.9 million -- up 8.8% from the prior quarter's $15.9 million but down from $20.4 million and $47.2 million respectively in Q2 2025, reflecting an average fleet of 26.4 vessels versus 28.3 a year ago. The balance sheet is a standout: all bank debt has been repaid since Q3 2025, every fully owned vessel is unencumbered, and cash plus short-term investments of $168.3 million at June 30 has since grown to over $250 million after the company resolved the insurance claim for the loss of one of its vessels.
Key figures
- Eps
- 0.46
- Revenue
- 42908853
- Revenue Yoy
- -9.2% YoY (Q2 revenue of $42.9M vs $47.2M in Q2 2025, attributable to fewer vessels)
- Fleet
- 26 LPG carriers including one JV vessel, 288,542 cbm total capacity
- Debt free
- Yes
- Ebitda h1
- 42762210
- Ebitda q2
- 22072177
- Avg daily tce
- 15709
- Avg vessels q2
- 26.4
- Adjusted eps h1
- 0.86
- Adjusted eps q2
- 0.46
- Revenue h1 2026
- 85752293
- Current liquidity
- over $250 million
- Eps basic h1 2026
- 0.89
- Eps basic q2 2025
- 0.55
- Net income h1 2026
- 33225552
- Net income q2 2025
- 20437326
- Net income q2 2026
- 17296206
- Fleet utilization q2
- 94.5% (vs 99.7% in Q2 2025)
- Total contracted revenues
- about $90 million (excluding JV vessel)
- Period coverage remainder 2026
- about 60% of fleet days secured on period charters
- Fleet operational utilization q2
- 82.3% (vs 94.7% in Q2 2025)
- Remainder 2026 contracted revenues
- approximately $30 million
- Cash and short term investments jun 30 2026
- 168300000
AI analysis
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