Stealthgas, Inc. · NASDAQ:GASS
Stealthgas — Q2 2025 Earnings Presentation
11 slides from Stealthgas's earnings presentation, Aug 25, 2025
Slide 1: StealthGas Inc. Q2 2025 Financial and Operating Results
StealthGas Inc. | Q2 2025 Financial and Operating Results | August 25, 2025
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 • Record Revenues of $47.2 million in Q2 2025 ($41.8 million in Q2 2024) ($42.0 million in Q1 2025) • Adjusted Net Income of $21.7 million in Q1 2025 ($27.5 million in Q2 2024) ($16.1 million in Q1 2025) • Adjusted EPS of $0.59 in Q2 2025 ($0.75 in Q2 2024) ($0
Slide 4: Fleet Employment Analytics (As of August 2025)
| Fleet Employment Analytics (As of August 2025) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Vessel Charter End Date Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Name Type 1 Eco Oracle TC Jan 2028 2 Eco Ice TC Sep 2027 3 Gas Alice TC Jul 2027 4 Eco Freeze TC May 2027 • 5 new period charters and charter exten
Slide 5: LPG Fleet Trading Profile
| LPG Fleet Trading Profile Netherlands France Rest Poland EU-Med-21 vessels Norway UK Spain • Our LPG fleet trading profile is a snapshot of our vessels as of August 22nd, 2025. • StealthGas focuses on regional trade and local distribution of gas. Our larger vessels mostly do intercontinental voyag
Slide 6: Financials | Income Statement
| Financials| Income Statement Income Statement Q2 Q2 (Amounts in USD'000s) 6M 2024 6M 2025 2024 2025 Voyage revenues 41,786 47,234 83,350 89,260 Voyage costs (2,663) (4,404) (5,522) (9,497) • Record Revenues $47.2 million for Q2 2025 (+13.0% y-o-y) as a Net revenues 39,123 42,830 77,828 79,764 resu
Slide 7: Financials | Balance Sheet
|Financials | Balance Sheet Balance Sheet (Amounts in $'000s) Q1 2024 Q2 2025 Assets • Strong Liquidity on GASS balance sheet, including restricted cash of Cash & cash equivalents (incl restricted) 84,521 87,348 Current assets excl. cash 11,417 10,646 $87.3 million. Vessel, net 608,214 597,719 • Ves
Slide 8: Financials | Debt Analysis & Capital Structure
|Financials |Debt Analysis & Capital Structure - Deleverage is complete, for the first time EVER the Company is debt free. - Made over $348 million in debt repayments from 2023 till today. - During 2025, $85.9 million repaid in aggregate ($34.4 million in Q1 2025 & $19.2 million in Q2 2025 & $32.2 m
Slide 9: Market update | LPG Sector Highlights & Trends
|Market update| LPG Sector Highlights & Trends • Steady growth in Global LPG exports continues (+6.6% 6M2025). • US exports continue to trend higher +3% y-o-y in Q2 2025 but slightly lower |Qatar and UAE LPG Exports than Q1 2025. 20 • Terminal expansion projects under way to increase export capacity
Slide 10: Market update | LPG Sector Highlights & Trends
|Market update| LPG Sector Highlights & Trends Small Pressurized: Continued two tier market with relatively stable rates… |LPG Orderbook • West of Suez: - Rates were firm, at historical highs. • Pressurized orderbook- few more orders lately but orderbook remains • East of Suez: - Rates continue to b
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. ❖ Reduced exposure to spot market, high earnings visibility. ❖ Healthy capital structure, zero debt and high