STEALTHGAS INC. Reports Third Quarter and Nine Months 2019 Financial and Operating Results
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StealthGas (GASS) Tops Q3 EPS by 2c
November 21, 2019 9:33 AM ESTStealthGas (NASDAQ: GASS) reported Q3 EPS of $0.01, $0.02 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $36.6 million versus the consensus estimate of $35.14 million.
OPERATIONAL AND FINANCIAL HIGHLIGHTS
Operational utilization of 98.0% in Q3 19 (96.1% in Q3 18) due to more efficient presence in the spot market resulting in reduced idle time. Fleet calendar days down 19% quarter on quarter to 4,045 days attributed to our recent strategic fleet contraction.About 88% of fleet days secured on period charters for the remainder of 2019, with total fleet employment days for all subsequent periods generating... More