STEALTHGAS INC. Reports Second Quarter 2018 Financial and Operating Results

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

StealthGas (GASS) Tops Q2 EPS by 8c, Revenues Beat

August 23, 2018 9:24 AM EDT

StealthGas (NASDAQ: GASS) reported Q2 EPS of $0.09, $0.08 better than the analyst estimate of $0.01. Revenue for the quarter came in at $43.4 million versus the consensus estimate of $37.32 million.

Revenues for the three months ended June 30, 2018 amounted to $43.4 million, an increase of $4.1 million, or 10.4%, compared to revenues of $39.3 million for the three months ended June 30, 2017, mainly as a result of improved market rates that led to an increase in both our time charter revenues and spot revenues compared to the same period of last year.Voyage expenses and vessels operating expenses for the three... More