StealthGas (GASS) Misses Q4 EPS by 2c, Revenues Beat

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STEALTHGAS INC. Reports Fourth Quarter and Twelve Months Ended December 31, 2019 Financial and Operating Results

February 21, 2020 9:30 AM EST

ATHENS, Greece, Feb. 21, 2020 (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 ended December 31, 2019.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Operational utilization of 97.9% in Q4 19 (94.5 % in Q4 18)  due to the reduced presence in the spot market (15.6% of voyage days) in conjunction with minimal commercial off-hire, of as low as 1.9 days per vessel.Fleet calendar days down 16% quarter over quarter to 3,952,... More