StealthGas (GASS) Reports Q3 EPS of $0.01, Revenues Beat

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STEALTHGAS INC. Reports Third Quarter 2018 Financial and Operating Results

November 23, 2018 9:20 AM EST

ATHENS, Greece, Nov. 23, 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 third quarter and nine months results ended September 30, 2018.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Operational utilization of 96.1% in Q3 18 (95.4% in Q3 17) in spite of weak seasonal period combined with an unexpected slowdown of the Asian LPG market.Almost 15% reduction of commercial off hire... More