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

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

STEALTHGAS INC. Reports First Quarter 2018 Financial and Operating Results

May 24, 2018 9:32 AM EDT

ATHENS, Greece, May 24, 2018 (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 first quarter ended March 31, 2018.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Operational utilization of 93.3% in Q1 18 (97.3% in Q1 17) due to increased presence in the spot market and the positioning of several vessels in new trading areas.About 73% of fleet days secured on period charters for the remainder of 2018, with... More