StealthGas stock reports USD 17.3 million profit as fleet shrinks

StealthGas stock is priced at USD 9.00 on Nasdaq as of September 23, 2026, down 0.99 percent from the prior session and 14.69 percent below its 52-week high of USD 10.55. The company reported USD 17.3 million in second-quarter net income, while its LPG fleet became smaller.

Profit remains high in Q2

According to GlobeNewswire, StealthGas generated USD 42.9 million of revenue in Q2 2026, compared with USD 47.2 million in Q2 2025. That represents a USD 4.3 million decline, while net income fell from USD 20.4 million to USD 17.3 million.

Basic EPS was USD 0.46 in Q2 2026 versus USD 0.55 a year earlier. The company still converted its revenue into a 40.3 percent net margin, based on the reported net income and revenue figures.

Fleet reduction changes the mix

StealthGas averaged 26.4 vessels in Q2 2026, down from 28.3 vessels in Q2 2025. The company said the smaller vessel count contributed to the revenue decline, while its fleet consisted of 26 LPG carriers with total capacity of 288,542 cubic meters, according to GlobeNewswire.

Fleet utilization dropped to 94.5 percent from 99.7 percent, and operational utilization declined to 82.3 percent from 94.7 percent. Those figures show that the earnings decline reflected both a smaller fleet and less effective vessel deployment.

StealthGas stock stays below its high

The stock was trading at USD 9.00 on Nasdaq on September 23, 2026, with a 52-week range of USD 6.12 to USD 10.55. Its market capitalization was USD 334.7 million, leaving the company valued at 1.1 times its Q2 annualized revenue on the latest reported quarter.

For investors, the key tension is visible in the numbers: profitability remains substantial, but the Q2 revenue decline and lower fleet utilization create a sharper test for future earnings than the headline profit alone suggests.