- StealthGas Inc. (NASDAQ:GASS) reported second-quarter revenue of $39.3 million compared to $39.2 million in 2Q21, beating the consensus of $36.2 million.
- Adjusted EPS improved to $0.30 from $0.13 in 2Q21, beating the consensus of $0.18.
- Income from operations improved to $11.96 million, compared to $0.37 million a year ago. The margin expanded by 2,950 bps to 30.4%.
- The company owned an average of 34.6 vessels during the quarter compared to 42.0 vessels the previous year.
- For the remainder of 2022, GASS has about 62% of fleet days secured under period contracts.
- Adjusted EBITDA improved to $21.08 million (+21.6% Y/Y), and the margin expanded by 951 bps to 53.7%.
- Fleet utilization was 99.8%, and Operational utilization was 96.9%.
- StealthGas generated cash from operating activities year-to-date of $29.99 million, compared to $21.38 million a year ago.
- As of June 30, 2022, StealthGas held cash and cash equivalents amounted to $77.9 million, and total debt amounted to $292.2 million.
- Price Action: GASS shares are trading lower by 1.29% at $3.05 on the last check Wednesday.
Comstock Announces Consolidation Of Its Properties In Comstock And Silver City Mining Districts, Increasing The Company’s Total Owned, Published Mineral Resources
Comstock Inc. (NYSE:LODE) (“Comstock” or the “Company”) today announced the consolidation of its properties in the historic Comstock and Silver City mining districts, increasing the
