GASS StealthGas (GASS) Q1 FY26 earnings call
Prepared-remarks-only call (no Q&A). StealthGas's first full quarter as a debt-free operator converts a firm LPG shipping market and disciplined older-vessel sales into rapid cash accumulation and a top-five profit quarter, positioning it to renew an aging fleet opportunistically. The Iran/Strait-of-Hormuz conflict is the swing risk — one vessel trapped, spot exposure rising — but high period coverage cushions the disruption.
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GASS operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Vessels | 28While the fleet was almost similar at 28 vessels, counting the vessels that entered and exited, the day the vessels were earning revenue was reduced by 8.5% and this was due to the timing of the dry dockings when vessels are off-hire and also the inclusion of 1 still nonoperational vessel, the Eco Wizard until this case is resolved.Source: earnings call transcript | 24The book value of the 24 vessels in the fleet was $473 million, reduced by 3.7%.Source: earnings call transcript | -14.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.