StealthGas Delivers Another Profitable Year, Ends 2025 With Debt‑Free Owned Fleet

Overview

• Full-year 2025 net income was $60.6 million (EPS $1.64) and Q4 net income was $12.8 million (EPS $0.34), with adjusted net income of $65.6 million and EBITDA of $85.2 million.
• StealthGas completed a multi‑year deleveraging, repaying about $350 million since late 2022 and finishing 2025 with its fully owned fleet unencumbered and long‑term debt reported as zero.
• Cash stood at $99.1 million at year‑end, with management indicating roughly $110 million currently, after $1.8 million in 2025 buybacks and $21.2 million repurchased since June 2023.
• Total contracted revenues are about $104 million, with roughly 48% of remaining 2026 fleet days fixed and approximately $66 million booked for the rest of 2026.
• The Eco Invictus sale is expected to close in Q1 2026 and Eco Universe delivery is targeted for April, for gross proceeds of about $29 million, while Eco Wizard remains under assessment in Latvia with insurance recovery expected subject to underwriters’ agreement.