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STEALTHGAS INC. REPORTS FOURTH QUARTER AND TWELVE MONTHS 2023 FINANCIAL AND OPERATING RESULTS

ATHENS, GREECE, February 21, 2024. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2023.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

All-time record Net Income of $51.9 million for the twelve-month period, a 51% increase compared to last year, corresponding to a basic EPS of $1.38. Strong profitability continued for the fourth quarter with Net Income of $8.9 million for the three-month period corresponding to a basic EPS of $0.25.

Further increased period coverage. About 66% of fleet days for 2024 are secured on period charters, with total fleet employment days for all subsequent periods generating over $200 million (excl. JV vessels) in contracted revenues.

Repurchased 2.01 million shares during the fourth quarter. To date, 3.9 million shares have been repurchased, more than 10% of the outstanding shares, for a total of $19.1 million under our $25 million share repurchase program.

Massively reduced debt during 2023 by $153.6 million from $277.1 million as of December 31, 2022, net of deferred finance charges, to $123.5 million as of December 31, 2023.

Maintaining ample cash and cash equivalents (incl. restricted cash) of $83.8 million as of December 31, 2023 enabling the Company to further reduce debt.

Took successful delivery of the Medium Gas Carrier (MGC) newbuildings Eco Oracle and Eco Wizard in January 2024.

STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE FOURTH QUARTER AND TWELVE MONTHS 2023 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, Greece, February 15, 2024. STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its fourth quarter operating and financial results for the period ended December 31, 2023 before the market opens in New York on February 21, 2024.

STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE SECOND QUARTER AND SIX MONTHS 2023 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, Greece, August 14, 2023. STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its second quarter operating and financial results for the period ended June 30, 2023 before the market opens in New York on August 18, 2023.

STEALTHGAS INC. REPORTS THIRD QUARTER AND NINE MONTHS 2023 FINANCIAL AND OPERATING RESULTS

ATHENS, GREECE, November 21, 2023. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the third quarter and nine months ended September 30, 2023.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

All-time record Net Income of $43.0 million for the nine-month period corresponding to a basic EPS of $1.12. Strong profitability continued for the third quarter with Net Income of $15.7 million for the three-month period corresponding to a basic EPS of $0.41, a 134% increase compared to last year.

Significantly increased period coverage. About 50% of fleet days for 2024 are secured on period charters, with total fleet employment days for all subsequent periods generating approximately $195 million (excl. JV vessels) in contracted revenues.

Expanded the share repurchase program by an additional $10 million for a total of $25 million. To date, 3.9 million shares have been repurchased, more than 10% of the outstanding shares.

Massively reduced debt by $149.4 million from $277.1 million as of December 31, 2022, net of deferred finance charges, to $127.7 million as of September 30, 2023.

Revenues at $34.7 million for Q3 23’ despite having reduced the number of vessels in the fleet from 34 vessels at the end of Q3 22’ to 27 vessels at the end of Q3 23’.

STEALTHGAS INC. REPORTS RECORD FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS

ATHENS, GREECE, May 24, 2023. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2023.

STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE THIRD QUARTER AND NINE MONTHS 2023 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, Greece, November 15, 2023. STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its third quarter operating and financial results for the period ended September 30, 2023 before the market opens in New York on November 21, 2023.

On November 21, 2023 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

Conference Call details: Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

STEALTHGAS INC. ANNOUNCES THE DATE FOR THE RELEASE OF THE FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

ATHENS, Greece, May 19, 2023. STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its first quarter operating and financial results for the period ended March 31, 2023 before the market opens in New York on May 24, 2023.

On May 24, 2023 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

Conference Call details: Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

STEALTHGAS INC. ANNOUNCES INCREASE IN SHARE REPURCHASE PROGRAM TO $25 MILLION

ATHENS, Greece, October 26, 2023. STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today a $10 million increase to its existing common stock repurchase program for a total aggregate amount of $25 million. Shares of common stock may be purchased, from time to time, in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or discontinued at any time. As of the date hereof, the Company has repurchased an aggregate of approximately $19.1 million of common stock, including two million shares from an institutional investor for an aggregate purchase price of $10.2 million in a privately negotiated transaction.

STEALTHGAS INC. ANNOUNCES MANAGEMENT ESTIMATE OF NET ASSET VALUE PER SHARE OF $14.50

ATHENS, Greece, April 3, 2023. STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that the Company’s management estimate of the Net Asset Value (“NAV”) per share is region $14.50 based on the number of common shares currently outstanding. The closing price of the Company’s stock on March 31, 2023 was $2.61.

The NAV per share is based on estimates of the value of the vessels in the fleet (including deposits for vessels not yet delivered), total cash and total long-term debt outstanding, including the Company’s interest in any vessels partially owned under joint venture arrangements, calculated for the number of common shares currently outstanding on a fully diluted basis. The estimated NAV represents a snapshot in time, will likely change, and does not represent the amount a stockholder would receive now or in the future for his or her shares of the Company’s common stock and is based on assumptions and estimates that are susceptible to uncertainty and subject to circumstances and market conditions. Net Asset Value and NAV per share are non-GAAP measures and calculation methodologies may vary across industries and companies.

STEALTHGAS INC. REPORTS SECOND QUARTER AND SIX MONTHS 2023 FINANCIAL AND OPERATING RESULTS

ATHENS, GREECE, August 18, 2023. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023.

OPERATIONAL AND FINANCIAL HIGHLIGHTS[1]

All-time record Net Income of $27.3 million for the 2023 six-month period corresponding to an EPS of $0.71. Strong profitability continued for the second quarter with Net Income of $10.5 million for the 2023 three-month period corresponding to an EPS of $0.27.

About 80% of fleet days are secured on period charters for the remainder of 2023, with total fleet employment days for all subsequent periods generating approximately $90 million (excl. JV vessels) in contracted revenues.

Concluded the previously announced sale of the Eco Czar, the Eco Nemesis, the Eco Texiana and the Eco Enigma. All four vessels were sold at a profit, two were delivered during Q2 23’ and two during Q3 23’.

Entered into an agreement to sell two more vessels, the Eco Dream and Eco Green with forward delivery in January 2024.

Initiated a share repurchase program of up to $15 million. As of the date of this release, 1.1 million shares had been repurchased.

Massively reduced debt by $104.9 million from $245.4 million as of March 31, 2023, net of deferred finance charges, to $140.5 million as of June 30, 2023.

Revenues at $36.7 million for Q2 23’ despite having reduced the number of vessels in the fleet from 34 vessels at the end of Q2 22’ to 29 vessels at the end of Q2 23’.

STEALTHGAS INC. REPORTS FOURTH QUARTER AND AN ALL TIME RECORD TWELVE MONTHS 2022 FINANCIAL AND OPERATING RESULTS

ATHENS, GREECE, February 21, 2023. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2022.

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