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Stock impact report

StealthGas Inc (GASS) Q4 2024 Earnings Call Highlights: Record Revenues and Strategic Moves ... [Yahoo! Finance]

StealthGas, Inc. - common stock (GASS) 
Last stealthgas, inc. - common stock earnings: 2/21 09:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Positive Points StealthGas Inc ( NASDAQ:GASS ) reported record revenues of $167.3 million for 2024, marking the highest in the company's history. The company achieved a record yearly profit of $77 million on an adjusted basis, continuing a three-year streak of record profits. StealthGas Inc ( NASDAQ:GASS ) has significantly reduced its debt, bringing it below $100 million for the first time and is now close to being net debt-free. The company has secured over $200 million in future revenues with 70% of fleet days covered for 2025. StealthGas Inc ( NASDAQ:GASS ) has authorized an additional $10.5 million for share repurchases, demonstrating a commitment to returning value to shareholders. Negative Points Operating expenses increased by 6% in the fourth quarter due to higher crew costs and maintenance fees. The company faced downtime and revenue impact due to the dry docking of three vessels in the fourth quarter. Geopolitical uncertainties, such as the Russia-Ukraine Show less Read more
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