StealthGas (GASS) Misses Q4 EPS by 4c, Revenues Beat
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STEALTHGAS INC. Reports Fourth Quarter and Twelve Months Ended December 31, 2018 Financial and Operating Results
February 21, 2019 9:20 AM ESTATHENS, Greece, Feb. 21, 2019 (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 fourth quarter and twelve months results ended December 31, 2018.
OPERATIONAL AND FINANCIAL HIGHLIGHTS
Operational utilization of 94.5% in Q4 18 (97.2% in Q4 17) resulted in a lower than expected performance, due to the deterioration of the Asian LPG spot market.Fleet calendar days down 4% quarter over quarter to 4,685 days attributed to our recent... More