tiprankstipranks
StealthGas reports Q4 adjusted EPS 28c vs 7c last year
The Fly

StealthGas reports Q4 adjusted EPS 28c vs 7c last year

Reports Q4 revenue $42.7M vs $36.054M last year. CEO Harry Vafias Commented, "I am very pleased to report best ever annual profit for StealthGas. In a difficult environment with rising interest rates and a smaller fleet, we managed to earn total net income of $34.3 million or $0.90 per share. Our adjusted EPS for Q4 22′ was 4 times higher than the adjusted EPS for Q4 21′, our total cash doubled from $45.7 million at prior year end to $95.7 million at December 31, 2022, while our total assets were $821.5 million at December 31, 2022 with only $303.6 million in total liabilities! These results give us the energy we all need to continue to push for more noteworthy results and to strengthen the Company and our balance sheet even further!"

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on GASS:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles