Slide 1: StealthGas Inc. Q2 2026 Financial and Operating Results
StealthGas Inc. | Q2 2026 Financial and Operating Results | September 2, 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 Solid revenue generation in Q2 2026 Maintaining high profitability Earnings per share • Revenues of $42.9 million in Q2 2026 ($47.2 million in Q2 2025) ($42.8 million in Q1 2026). $60 $30 $50 • Adjusted Net Income of $17.3 million in Q2 2026 ($21.7 million$25 in Q2 2025)
Slide 4: Fleet Employment Analytics (As of September 2026)
| Fleet Employment Analytics (As of September 2026) Q4 2026 Q1 2027 Q2 2027 Q3 2027 Vessel Charter End Date Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Name Type Eco Corsair TC Feb 2029 Gas Flawless TC Jul 2028 Eco Nical TC May 2028 Eco Oracle TC Jan 2028 • 4 new period charters and charter exte
Slide 5: LPG Fleet Trading Profile
| LPG Fleet Trading Profile Netherlands Rest France EU-Med-20 vessels Belgium Portugal Greece Norway Spain • 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 geo
Slide 6: Financials | Income Statement
| Financials| Income Statement Income Statement Q2 Q2 6M 2025 6M 2026 (Amounts in USD'000s) 2025 2026 QUARTERLY HIGHLIGHTS Voyage revenues 47,234 42,909 89,260 85,752 Voyage expenses (4,404) (7,235) (9,497) (13,367) • Strong profitability for Q2 2026 supported by a Net revenues 42,830 35,674 79,764
Slide 7: Financials | Balance Sheet
|Financials | Balance Sheet Balance Sheet (Amounts in #039;000s) Q4 2025 Q2 2026 Assets • Fast growing Liquidity on GASS balance sheet cash of 168.3 million. Cash & cash equivalents (incl. Investments) 99,078 168,308 (no restricted cash) 70% increase since Q4 2025. Vessel held for sale 24,945 10,544 Cu
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 the vessels in the fully owned fleet are unencumbered. Lower cash breakeven costs give a competitive advantage. Significant savin
Slide 9: LPG Sector Highlights & Trends
|Market update| LPG Sector Highlights & Trends • Global LPG exports fell in H1 2026 (-8%) • US LPG exports hit a record in May • Europe remained well- of 2.9mmbpd. Propane exports supplied with competitively were up 9% in Q2 2026. priced U.S. sourced LPG. • The Strait of Hormuz Petrochemical demand
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) • Time charter rates remained flat at elevated levels while the spot market saw a |LPG Orderbook typical seasonal softening. • Pressurized- Limited ordering activity- orderbook
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