LPG export growth, adjusted net income comparison, LPG market growth, fleet days increase are the key contradictions discussed in StealthGas's latest 2025Q2 earnings call
Revenue Growth and Profitability:
-
reported a record
revenue of
$47.2 million for Q2 2025,
up 13% year-on-year.
- The growth was driven by strong performance of commercial operations and high period coverage allowing for improved profitability.
Debt Reduction and Financial Health:
- The company successfully completed its debt reduction strategy, repaying
$86 million in debt this year and
$348 million since 2023.
- This led to all fully-owned fleet vessels being debt-free, resulting in significant interest cost savings and enhanced financial agility.
Fleet Adjustments and Strategic Geographic Focus:
- StealthGas adjusted its fleet geography, with over
70% of vessels trading in Europe and the Mediterranean due to premium rates.
- This shift is attributed to a disconnect in rates between Asia and Europe, and better demand for the company's vessels in the Western market.
Market Uncertainty and Industry Developments:
- Despite trade frictions and market uncertainties, the global LPG export market registered strong growth of
6.6% in the first half of 2025.
- Growth was driven by U.S. terminal expansions, increased production in the Middle East, and rising demand in China and India.
Comments
No comments yet