StealthGas (GASS) Swings to Q3 Loss
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STEALTHGAS INC. Reports Third Quarter 2016 Financial and Operating Results
November 29, 2016 9:20 AM ESTATHENS, Greece, Nov. 29, 2016 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the third quarter ended September 30, 2016.
OPERATIONAL AND FINANCIAL HIGHLIGHTS
12.4% increase in vessel calendar days in 9M 2016 compared to 9M 2015, surpassing 15,000 days.Operational utilization of 88.1% in Q3 2016 (94.4% in Q3 2015).87% of fleet days secured on period charters for the remainder of 2016, with a total of $175 million in contracted... More