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Stock impact report

STEALTHGAS INC. Reports Third Quarter and Nine Months 2019 Financial and Operating Results

StealthGas, Inc. - common stock (GASS) 
Last stealthgas, inc. - common stock earnings: 2/21 09:30 am Check Earnings Report
Company Research Source: GlobeNewswire
ATHENS, Greece, Nov. 21, 2019 (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 third quarter and nine months ended September 30, 2019. OPERATIONAL AND FINANCIAL HIGHLIGHTS Operational utilization of 98.0% in Q3 ’19 (96.1% in Q3 ’18) due to more efficient presence in the spot market resulting in reduced idle time. Fleet calendar days down 19% quarter on quarter to 4,045 days attributed to our recent  strategic fleet contraction.About 88% of fleet days secured on period charters for the remainder of 2019, with total fleet employment days for all subsequent periods generating approximately $138 million in contracted revenues. Sale of our 5,000 cbm LPG vessel, the Gas Ethereal (2006 built) on September 27, 2019, for further trading. With this sale the average age of the StealthGas Show less Read more
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