StealthGas, Inc. (GASS) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.600 Good morning, everyone, and welcome to our second quarter 2025 earnings conference call 00:00:05.600 -- 00:00:11.090 and webcast. This is Michael Jolliffe, Chairman of the Board of Directors, 00:00:11.090 -- 00:00:16.138 and joining me on our call today, as usual, is our CEO, Harry Vafias, 00:00:16.138 -- 00:00:21.427 to discuss the market and the company outlook, and Konstantinos Sistovares to discuss 00:00:21.427 -- 00:00:24.212 the financial aspects. 00:00:24.212 -- 00:00:26.710 Before we commence our presentation, 00:00:26.710 -- 00:00:31.417 I would like to remind you that we will be discussing forward-looking statements which 00:00:31.417 -- 00:00:36.784 reflect current views with respect to future events and financial performance. 00:00:36.784 -- 00:00:42.212 So please take a moment to read our disclaimer on slide two of this presentation. 00:00:42.212 -- 00:00:48.638 Risks are further disclosed in self-GAS's filing with the Securities and Exchange Commission. 00:00:48.981 -- 00:00:54.672 Now, so let's proceed with presentations starting with some highlights on slide three. 00:00:54.672 -- 00:00:59.757 And let me stress right off the bat that in a market that was trying to find its balance, 00:00:59.757 -- 00:01:05.101 today reported our second best ever quarterly profits. 00:01:05.101 -- 00:01:09.365 These very strong results were driven by a record $47.2 00:01:09.365 -- 00:01:15.110 million in revenues for the second quarter, compared to $41.8 million last 00:01:15.110 -- 00:01:20.255 year and $42 million in the previous quarter, demonstrating the very strong 00:01:20.255 -- 00:01:24.035 performance of our commercial operations. 00:01:24.035 -- 00:01:29.141 Adjusted net income for the second quarter of 2025 was $21.7 milli...