StealthGas Inc
stealthgas.comWhat Do They Do?
Transports liquefied petroleum gases by sea for energy producers, traders, and industrial users.
20-F for FY2025, filed Apr 28, 2026
How Do They Make Money?
Charterers pay a daily rate for use of a vessel under time charters, with earnings spread over the charter period; voyage charterers pay freight to move cargo between ports, with much of it typically paid after the voyage.
20-F for FY2025, filed Apr 28, 2026A time charter is a contract for the use of a vessel for a specific period of time and a specified daily charter hire rate. A time charter…View ↗
F-11 are recognized as earned on a straight-line basis over the term of the charter as service is provided. Revenues from profit sharing…View ↗
Vessels may also be chartered under voyage charters, where a contract is made for the use of a vessel under which the Company is paid…View ↗
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20-F for FY2025, filed Apr 28, 2026
FY2025 revenue by product or service ↗
$173.2M
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20-F for FY2025, filed Apr 28, 2026
$173.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Time Charter
Recurring
20-F for FY2025, filed Apr 28, 2026 |
78%
FY2022: 75%
|
Time Charter, FY2025
$135.2M Sources
|
Recurring |
|
Voyage Charter
Sold outright
20-F for FY2025, filed Apr 28, 2026 |
18%
FY2022: 21%
|
Voyage Charter, FY2025
$31.5M Sources
|
Sold outright |
|
Other Income Revenues
|
3.8%
FY2022: 2.1%
|
Other Income Revenues, FY2025
$6.5M Sources
|
Who Are Their Customers?
LPG producers, energy traders, and industrial users charter the vessels; Stealth Maritime manages vessel employment and chartering.
20-F for FY2025, filed Apr 28, 2026
Do Revenues Turn Into Profits?
Yes. It kept 35 cents of every revenue dollar as net income in FY2025 and turned 49 cents into free cash flow.
20-F for FY2025, filed Apr 28, 2026
$55.1MView ↗
20-F for FY2025, filed Apr 28, 2026
$60.6MView ↗
20-F for FY2025, filed Apr 28, 2026
$84.8MView ↗
How Are They Changing?
Growing. Revenue grew 15% in 4 years, from $150.2M in FY2021 to $173.2M in FY2025, about 4% a year.
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