STEALTHGAS INC. Reports First Quarter 2019 Financial and Operating Results
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StealthGas (GASS) Tops Q1 EPS by 6c, Revenues Beat
May 23, 2019 9:40 AM EDTStealthGas (NASDAQ: GASS) reported Q1 EPS of $0.05, $0.06 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $38.4 million versus the consensus estimate of $37.1 million.
Revenues for the three months ended March 31, 2019 amounted to $38.4 million, a decrease of $1.3 million, or 3.3%, compared to revenues of $39.7 million for the three months ended March 31, 2018, mainly as a result of our fleet contraction as we had 512 less fleet calendar days.Voyage expenses and vessels operating expenses for the three months ended March 31, 2019 were $3.8 million and $12.9 million respectively, compared to $5.6 million and $15.4 million respectively, for the... More