Earnings Call Summary | StealthGas(GASS.US) Q4 2023 Earnings Conference
Earnings Call Summary | StealthGas(GASS.US) Q4 2023 Earnings Conference
The following is a summary of the StealthGas Inc. (GASS) Q4 2023 Earnings Call Transcript:
以下是StealthGas Inc.（GASS）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
StealthGas reported Q4 2023 net voyage revenues of $130.6 million, even with a 20% reduction in fleet days and fewer vessels.
Q4 profit increased by 15% to $8.9 million compared to the previous year.
Full-year net income was $51.9 million, a 52% increase year over year.
Earnings per share for the year were $1.38.
Debt was reduced by $154 million in 2023, maintaining strong liquidity.
The company repurchased 1.2 million shares in Q4 2023, costing over $19 million.
Quarterly net revenue was $30.8 million and $130.3 million for the year.
Income from operations increased by 3% to $9.6 million for the quarter and by 40% to $45.8 million for the year.
Total debt reduced by $154 million to $124 million by the end of the last quarter.
StealthGas報告稱，2023年第四季度淨航行收入爲1.306億美元，儘管船隊天數減少了20％，船隻也減少了。
與去年相比，第四季度的利潤增長了15％，達到890萬美元。
全年淨收入爲5190萬美元，同比增長52％。
該年度的每股收益爲1.38美元。
2023年債務減少了1.54億美元，保持了強勁的流動性。
該公司在2023年第四季度回購了120萬股股票，耗資超過1900萬美元。
季度淨收入爲3,080萬美元，該年度的淨收入爲1.303億美元。
本季度的運營收入增長了3％，達到960萬美元，同比增長了40％，達到4,580萬美元。
到上個季度末，債務總額減少了1.54億美元，至1.24億美元。
Business Progress:
業務進展：
Two vessels were sold and two new vessels were acquired and deployed on respective time charters.
Contract coverage for 2024 is at 66% of fleet days, securing revenues of over $200 million.
Seven vessels are scheduled for drydock in 2024.
The company's geographic focus is on regional gas trade with strategic fleet positioning expected to continue in Europe due to premium freight rates.
The company reduced their outstanding debt significantly and has 18 out of 27 vessels in the fleet mortgage-free.
The company invested in joint ventures, notably one with larger vessels that contributed $12.3 million in 2023.
StealthGas purchased back shares for $19 million in 2023.
The company reported a 4.3% increase in LPG exports, with the US leading growth at 15% year-over-year.
The company is upsizing, replacing smaller vessels with larger carriers, which has led to a diversification of its revenue stream and customer base.
出售了兩艘船隻，購置了兩艘新船，並按各自的定期租約部署。
2024年的合同承保範圍爲機隊天數的66％，確保收入超過2億美元。
七艘船計劃在2024年進入幹船塢。
該公司的地理重點是區域天然氣貿易，由於運費較高，預計將繼續在歐洲進行戰略機隊定位。
該公司大幅減少了未償債務，船隊中的27艘船中有18艘免抵押貸款。
該公司投資了合資企業，其中一家擁有大型船隻的合資企業，該合資企業在2023年出資1,230萬美元。
StealthGas在2023年以1900萬美元的價格回購了股票。
該公司報告液化石油氣出口增長了4.3％，其中美國同比增長15％。
該公司正在擴大規模，用大型航空公司取代小型船隻，這導致了其收入來源和客戶群的多元化。
More details: StealthGas IR
更多詳情： StealthGas 紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。