StealthGas (GASS) Tops Q2 EPS by 8c, Revenues Beat

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Go back to StealthGas (GASS) Tops Q2 EPS by 8c, Revenues Beat

STEALTHGAS INC. Reports Second Quarter 2018 Financial and Operating Results

August 23, 2018 9:15 AM EDT

ATHENS, Greece, Aug. 23, 2018 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2018.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Operational utilization of 97.8% in Q2 18 (94.9% in Q2 17) due to improved market conditions leading to increased time charter and spot coverage.Approximately 57% reduction of commercial off hire days in Q2 18 compared to Q2 17. Commercial off hire days... More