StealthGas Inc. (GASS) Q2 2026 Earnings Call Prepared Remarks Transcript

Harry Vafias President, CEO, CFO & Non-Independent Director Good morning, everyone, and welcome to our Second Quarter of 2026 Earnings and Conference Call. This is Harry Vafias, the CEO. And joining me today is, as usual, our Chairman, Michael Jolliffe, and Konstantinos Sistovaris from Investor Relations. Before we commence our presentation, I would like to remind you that we will be discussing forward-looking statements, which reflect current views with respect to future events and financial performance and are subject to material risks and uncertainties. So if you could all take a moment to read our disclaimer on slide 2. The risks are further disclosed in our filings with the Securities and Exchange Commission. Let's proceed on slide 3 for an overview of the quarter and our strategy implementation. While the market for the second quarter was relatively stable for the smaller ships and strengthening for the larger ones, our company managed to achieve revenues of $42.9 million, similar to the previous quarter but somewhat reduced from the record of $47 million achieved last year. The company continued to generate superior returns with profits of $17.3 million for the quarter, improving on the $15.9 million achieved in the previous quarter. Thus far in '26, the performance has been very strong, reporting earnings per share of $0.46 for the second quarter and $0.89 for the first half, underlining the fact