The earnings miss and declining YoY profitability suggest near-term downside pressure. However, the debt-free balance sheet and $250M+ liquidity provide a floor. Monitor fleet utilization recovery and spot market rate trends for signs of operational improvement.
Price Chart
Executive Summary
StealthGas reported Q2 2026 EPS of $0.46, missing the $0.53 consensus estimate by 13.2%, while revenue of $42.9M fell short of the $44.9M estimate. Net income declined 15.3% YoY to $17.3M, driven by higher voyage expenses and a smaller fleet, though the company maintains a debt-free balance sheet with over $250M in liquidity. The miss on both top and bottom lines, combined with declining YoY profitability, signals operational headwinds despite strong cash positioning.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.46 missed consensus of $0.53 by 13.2%
- Revenue of $42.9M missed $44.9M estimate and declined 9.1% YoY from $47.2M
- Net income fell to $17.3M from $20.4M YoY, a 15.3% decline
- Fleet utilization dropped to 94.5% from 99.7% YoY due to idle time
- Company has zero debt and over $250M in liquidity, including $70M in short-term investments
- Contracted revenues of ~$90M secured; ~60% of fleet days covered for remainder of 2026
Financial Impact
EPS miss of $0.07 (13.2%) and revenue miss of $2.0M (4.5%) vs consensus; net income down $3.1M YoY
Risk Factors
- Continued geopolitical disruptions affecting shipping routes and charter rates
- Further fleet reduction or idle days pressuring revenue
- Potential dilutive share issuance given elevated cash position
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3355250 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 7w ago | 6-K | $9.33 $8.98 | ▲ +3.75% | ▲ +2.63% | $8.11 (+13.08%) |
Sep 2, 2026 7w ago | Press Release | $9.49 $9.14 | ▲ +3.69% | ▲ +3.54% | $8.11 (+14.54%) |
Aug 28, 2026 8w ago | Press Release | $9.49 $8.87 | ▼ −6.53% | ▼ −6.79% | $8.11 (−14.54%) |
Aug 28, 2026 8w ago | 6-K | $9.49 $8.87 | ▼ −6.53% | ▼ −6.79% | $8.11 (−14.54%) |
Jun 8, 2026 20w ago | 6-K | $9.39 $8.51 | ▼ −9.37% | ▼ −10.82% | $8.11 (−13.63%) |
Jun 5, 2026 20w ago | Press Release | $9.62 $8.30 | ▼ −13.72% | ▼ −15.58% | $8.11 (−15.70%) |
Jun 1, 2026 21w ago | Press Release | $9.35 $7.90 | ▼ −15.51% | ▼ −14.21% | $8.11 (−13.26%) |
Apr 28, 2026 26w ago | 20-F | $9.64 $9.69 | ▼ −0.52% | ▲ +4.94% | $8.11 (+15.87%) |
Mar 2, 2026 34w ago | Press Release | $8.68 $9.01 | ▼ −3.80% | ▼ −11.74% | $8.11 (+6.57%) |
US Market Status
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