Slide 1: StealthGas Inc. Q1 2026 Financial and Operating Results
StealthGas Inc. | Q1 2026 Financial and Operating Results | June 5, 2026
Slide 2: Disclaimer
| Disclaimer This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be dee
Slide 3: StealthGas Key Highlights
| StealthGas Key Highlights |Financial • Revenues of $42.8 million in Q1 2026 ($42.0 million in Q1 2025) ($39.4 million in Q4 2025). • Adjusted Net Income of $15.0 million in Q1 2026 ($16.1 million in Q1 2025) ($13.3 million in Q4 2025). • Adjusted EPS of $0.40 in Q1 2026. • Zero debt on the balance
Slide 4: Fleet Employment Analytics (As of June 2026)
| Fleet Employment Analytics (As of June 2026) Q3 2026 Q4 2026 Q1 2027 Q2 2027 Vessel Charter End Date Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Type Eco Corsair TC Feb 2029 Eco Nical TC May 2028 Eco Oracle TC Jan 2028 Eco Ice TC Sep 2027 • 5 new period charters and charter extensions conclude
Slide 5: LPG Fleet Trading Profile
| LPG Fleet Trading Profile Netherlands Rest France EU-Med-19 vessels Portugal Greece UK Finland Sweden • StealthGas focuses on regional trade and local distribution of gas. Our larger vessels mostly do intercontinental voyages particularly US to Europe or Asia. • Our Fleet trading pattern is geogra
Slide 6: Financials | Income Statement
| Financials| Income Statement Income Statement Q1 Q1 QUARTERLY HIGHLIGHTS (Amounts in USD'000s) 2025 2026 • Voyage Days for the fleet were reduced by 8.5% mainly as a result of the timing of drydockings and one vessel being non-operational. Voyage revenues 42,026 42,843 Voyage expenses (5,092) (6,1
Slide 7: Financials | Balance Sheet
|Financials | Balance Sheet Balance Sheet (Amounts in #039;000s) Q4 2025 Q1 2026 • Fast growing Liquidity on GASS balance sheet cash of 131.2 million. (no Assets Cash & cash equivalents (incl restricted) 99,078 131,205 restricted cash) Vessel held for sale 24,945 23,946 • Current Assets $79.7 million i
Slide 8: Strategic objective- Deleverage
|Financials |Strategic objective- Deleverage ▪ Deleverage was completed in Q3 2025. Prepaid all the debt on the balance sheet while maintaining ample liquidity. ▪ All 26 vessels in the fully owned fleet are unencumbered. ▪ Lower cash breakeven costs give a competitive advantage. ▪ Significant saving
Slide 9: LPG Sector Highlights & Trends
|Market update| LPG Sector Highlights & Trends • Global LPG exports fell in Q1 2026 (-3%) as a result of the US-Iran conflict. Reduction |US LPG Export capacity additions (incl LPG/Ethane flexible) to be more pronounced in Q2 2026. 3,500 • Middle East previously accounted for 1/3 of LPG exports. Ter
Slide 10: LPG Sector Highlights & Trends
|Market update| LPG Sector Highlights & Trends Small Pressurized: Continued two tier market (West of Suez vs East of Suez) • Spot market remained tight in Q1. Slight increase in vessel availability going into |LPG Orderbook Q2. • Pressurized- Limited ordering activity- orderbook overall remains • Ti
Slide 11: Closing Remarks | Considerations Going Forward
|Closing Remarks|Considerations Going Forward • Below are some of the key variables that may affect our performance going forward. ❖ Significant operating leverage- due to our sizeable fleet and low cash-breakeven. ❖ Reduced exposure to spot market, high earnings visibility. ❖ Healthy capital struct