STEALTHGAS INC. Reports First Quarter 2018 Financial and Operating Results

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Go back to STEALTHGAS INC. Reports First Quarter 2018 Financial and Operating Results

StealthGas (GASS) Misses Q1 EPS by 1c, Beats on Revenues

May 24, 2018 9:44 AM EDT

StealthGas (NASDAQ: GASS) reported Q1 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $38.06 million versus the consensus estimate of $37.79 million.

First Quarter 2018 Results:

Revenues for the three months ended March 31, 2018 amounted to $39.7 million, an increase of $1.6 million, or 4.2%, compared to revenues of $38.1 million for the three months ended March 31, 2017, mainly as a result of improved market conditions in the small LPG segment.Voyage expenses and vessels operating expenses for the three months ended March 31, 2018 were $5.6 million and $15.4 million respectively, compared to $3.6 million and $14.9 million... More