STEALTHGAS INC. Reports Fourth Quarter and Twelve Months Ended December 31, 2020 Financial and Operating Results

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Go back to STEALTHGAS INC. Reports Fourth Quarter and Twelve Months Ended December 31, 2020 Financial and Operating Results

StealthGas (GASS) Misses Q4 EPS by 6c, Revenues Beat

February 25, 2021 9:37 AM EST

StealthGas (NASDAQ: GASS) reported Q4 EPS of $0.03, $0.06 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $37.3 million versus the consensus estimate of $33.87 million.

Fourth Quarter 2020 Results:

Revenues for the three months ended December 31, 2020 amounted to $37.3 million, an increase of $2.1 million, or 6.0%, compared to revenues of $35.2 million for the three months ended December 31, 2019, following an increase of our time charter revenue stemming from our 22,000 semirefrigerated LPG vessels and our aframax tanker, an increase of our freight revenues, along with the 50% reduction of bareboat activity.Voyage expenses and vessels... More