Start here if you're new
what it is
StealthGas moves LPG and other fuel cargoes on 31 ships across international routes.
how it gets paid
Last year Stealthgas made $167M in revenue. LPG transportation was the main engine at $120M, or 72% of sales.
what just happened
Q4 revenue hit $39.4M and EPS was $0.34, so the quarter was profitable but softer than the market wanted.
At a glance
n/a balance sheet
20/100 earnings predictability — expect surprises
4.2x trailing p/e — the market's not buying it — or you found a deal
10.8% return on capital — nothing to write home about
$1.90 fy2024 eps est
xvary composite: 91/100 — above average
What they do
StealthGas moves LPG and other fuel cargoes on 31 ships across international routes.
You are not buying an app. You are buying 31 vessels and 349,170 cubic meters of capacity. Five ships were in the spot market (day-by-day bookings) in April 2025. For 2026, 46% of fleet days are secured, versus 54% still exposed.
How they make money
$167M
annual revenue
LPG transportation
$120M
Product carriers
$27M
Crude carriers
$12M
Period contracts
$8M
The products that matter
transports liquefied petroleum gas
LPG carrier fleet
29 vessels · 339,134 cbm capacity
This is the whole company. The fleet generated $167M in revenue last year and produced $60.6M in net income. There is no software segment riding to the rescue if shipping weakens.
entire business
Key numbers
4.2x
P/E
You pay 4.2 dollars for each dollar of profit. That is cheap next to a 35.8% operating margin.
35.8%
operating margin
The business kept 35.8 cents of every revenue dollar before interest and tax.
1
risk rank
Risk rank 1 says this stock can wobble hard even when the numbers look clean.
$62M
long-term debt
Debt is 16% of capital, so one rate jump matters less than in a levered shipper.
Financial health
n/a
strength
- balance sheet grade n/a
- risk rank 1 — safer than 95% of stocks
- price stability 20 / 100
- long-term debt $62M (16% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for GASS right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Q4 revenue hit $39.4M and EPS was $0.34, so the quarter was profitable but softer than the market wanted.
StealthGas said full-year 2025 net income was $60.6M and EPS was $1.64. That is the punchline: the year still printed cash even if the quarter was choppy.
$39.4M
revenue
$0.34
eps
$60.6M
net income
EPS
The $0.34 EPS number matters because it shows the fleet still made money even as Q4 revenue missed the bar.
source: company earnings report, 2026
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What could go wrong
This is not a diversified energy story. It's 29 ships, $142M of time charter revenue, and only 48% of 2026 fleet days already spoken for. If LPG shipping rates cool, you feel it fast.
high
LPG charter rates roll over
Time charter revenue was $142M last year, or 85% of total revenue. If market rates soften, the part of the fleet that resets next feels it quickly.
85% of revenue is tied to charter economics
med
Contract coverage is only half there
Just 48% of 2026 fleet days are contracted. That means 52% of next year's vessel availability still needs pricing, and that pricing will decide how cheap 4.2x really is.
52% of 2026 fleet days remain exposed
med
Dry docking cuts earning days
Five vessels are scheduled for dry docking in 2026, with two in Q1. Ships in the yard are not earning charter revenue while they are being serviced.
5 vessels affected in 2026
low
The balance sheet picture needs confirmation
The snapshot shows $62M of long-term debt and $0 net debt at the same time. That is plausible if cash offsets the borrowings, but the unavailable grade means you should verify it in the filings.
grade unavailable; debt picture needs verification
What would change our mind: if that open 52% of 2026 fleet days gets fixed at weaker rates and the $0 net debt position no longer holds, the cheapness case breaks fast.
source: institutional data · regulatory filings · risk analysis
Pay attention to
market
charter rate direction
Revenue grew 16.6% last year and time charter revenue grew 27%. If rates flatten or fall, the valuation argument gets tested fast.
calendar
q1 2026 earnings
Expected in late May 2026. You want to see how two Q1 dry dockings and current market conditions show up in revenue, earnings, and new contract coverage.
operations
five scheduled dry dockings
Maintenance is normal. Lost earning days are normal too. For a 29-vessel fleet, five yard visits in one year are large enough to matter.
capital allocation
share repurchases
The company bought back $1.8M of stock in 2025. At 4.2x earnings, buybacks do more work per dollar than they would in a richly priced stock.
Analyst rankings
earnings predictability
20 / 100
in human-speak, analysts do not view these earnings as stable. Shipping stocks can look cheapest right when the rate backdrop is peaking.
risk rank
1
This system rates it safer than 95% of stocks. That's mostly a balance sheet statement, not a promise that the share price will behave.
source: institutional data
Institutional activity
institutional ownership data for GASS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$8
current price
n/a
target midpoint · n/a from current
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