StealthGas reports second-quarter results: what it means for StealthGas stock

Published on 10/02/2026 at 16:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

StealthGas stock costs EUR 8.10 on October 2, 2026, down from EUR 8.13. Second-quarter revenue fell 9.16 percent year on year to USD 42.91 million.

GASS, MHY816691064, Illustration mit AI erstellt.

StealthGas (MHY816691064) stock was trading at EUR 8.10 at Lang & Schwarz on October 2, 2026, down 0.37 percent versus the prior close of EUR 8.13. GlobeNewswire reported on September 2, 2026 that StealthGas had released its second-quarter and six-month 2026 results. The figures show a smaller fleet, lower revenue and a balance sheet with substantially greater liquidity.

Revenue falls with smaller fleet

For the second quarter of 2026, revenue was USD 42.91 million, compared with USD 47.23 million in the second quarter of 2025. That is a 9.16 percent year-on-year decline, and the company attributed the reduction to an average fleet of 26.4 vessels versus 28.3 vessels in the prior-year quarter, according to GlobeNewswire.

Net income reached USD 17.30 million, down from USD 20.44 million in the second quarter of 2025, while basic earnings per share declined to USD 0.46 from USD 0.55. Adjusted net income was USD 17.24 million and adjusted earnings per share were USD 0.46 for the same period, the release said.

Liquidity changes the balance sheet

The stronger financial position is the counterweight to the weaker revenue comparison. Cash and short-term investments totaled USD 168.30 million on June 30, 2026, and management said liquidity had subsequently exceeded USD 250.00 million after the resolution of the Eco Wizard insurance claim, according to GlobeNewswire.

StealthGas also reported zero bank debt after completing its debt repayments since the third quarter of 2025. For the first six months of 2026, revenue was USD 85.75 million versus USD 89.26 million a year earlier, a 3.93 percent decline, while net income was USD 33.23 million compared with USD 34.55 million.

Stock remains a small-cap shipping trade

The market capitalization was USD 339.5 million as of October 2, 2026. That valuation places the company in a small-cap segment of marine shipping, while its operating exposure remains tied to LPG transport, charter coverage, vessel values and geopolitical shipping routes.

Price stays near EUR 8.00

StealthGas stock was trading at EUR 8.10 at Lang & Schwarz on October 2, 2026 at 4:06 p.m. CEST, down 0.37 percent versus the Lang & Schwarz prior close of EUR 8.13. The NASDAQ Global Select Market listing uses the ticker GASS.