StealthGas Inc. Files 20-F Annual Report for Fiscal Year 2023

TL;DR

<b>StealthGas Inc. has submitted its 2023 annual report on Form 20-F, detailing its financial performance and operations.</b>

AI Summary

StealthGas Inc. (GASS) filed a Foreign Annual Report (20-F) with the SEC on April 29, 2024. StealthGas Inc. filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located in Athens, Greece. StealthGas Inc. operates in the Deep Sea Foreign Transportation of Freight industry. The report includes financial data for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking StealthGas Inc., this filing contains several important signals. This 20-F filing provides a comprehensive overview of StealthGas Inc.'s financial health, operational activities, and strategic positioning for the fiscal year 2023, which is crucial for investors to assess the company's performance and future prospects. As a public document, this filing ensures transparency and compliance with SEC regulations, offering stakeholders detailed insights into the company's business, risks, and financial statements.

Risk Assessment

Risk Level: low — StealthGas Inc. shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate, significant new information that would alter the company's risk profile.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 20-F to understand StealthGas Inc.'s performance and outlook for the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (The end date of the reporting period.)
• 2024-04-29 — Filing Date (The date the 20-F was filed with the SEC.)
• 2022-12-31 — Previous Fiscal Year End (Comparative financial period.)
• 2021-12-31 — Prior Fiscal Year End (Comparative financial period.)

Key Players & Entities

• StealthGas Inc. (company) — Filer of the 20-F report.
• 20-F (document) — Form type filed by StealthGas Inc.
• 2024-04-29 (date) — Filing date of the 20-F report.
• 2023-12-31 (date) — Conformed period of report.
• Athens (location) — City where StealthGas Inc.'s business address is located.
• 001-36797 (identifier) — SEC file number for StealthGas Inc.

FAQ

Industry Context

StealthGas Inc. operates in the maritime transportation sector, specifically focusing on the transport of liquefied petroleum gas (LPG) and other related products.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring foreign private issuers like StealthGas Inc. to submit annual reports on Form 20-F.

What Investors Should Do

1. Review the financial statements for the fiscal year ended December 31, 2023.
2. Analyze the risk factors section for any new or evolving risks.
3. Compare the 2023 results with previous years' performance as detailed in the filing.

Key Dates

• 2024-04-29: Filing of 20-F — Annual report submission for fiscal year 2023.
• 2023-12-31: Fiscal Year End — End of the reporting period covered by the 20-F.

Year-Over-Year Comparison

This filing represents the annual update for fiscal year 2023, providing comparative data against prior periods such as 2022 and 2021.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share GASS The Nasdaq Stock Mar
• $25.00 — Preferred Stock, liquidation preference $25.00 per share, to its stockholders, which c

Filing Documents

• d761258d20f.htm (20-F) — 2331KB
• d761258dex45.htm (EX-4.5) — 38KB
• d761258dex8.htm (EX-8) — 13KB
• d761258dex121.htm (EX-12.1) — 10KB
• d761258dex122.htm (EX-12.2) — 10KB
• d761258dex131.htm (EX-13.1) — 4KB
• d761258dex132.htm (EX-13.2) — 4KB
• d761258dex151.htm (EX-15.1) — 2KB
• d761258dex97.htm (EX-97) — 27KB
• 0001193125-24-118756.txt (&nbsp;) — 10538KB
• gass-20231231.xsd (EX-101.SCH) — 78KB
• gass-20231231_cal.xml (EX-101.CAL) — 63KB
• gass-20231231_def.xml (EX-101.DEF) — 349KB
• gass-20231231_lab.xml (EX-101.LAB) — 581KB
• gass-20231231_pre.xml (EX-101.PRE) — 516KB
• d761258d20f_htm.xml (XML) — 1785KB

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 84 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 85 PART II 85 Item 13. Defaults, Dividend Arrearages and Delinquencies 85 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 85 Item 15.

Controls and Procedures

Controls and Procedures 85 Item 16A. Audit Committee Financial Expert 88 Item 16B. Code of Ethics 88 Item 16C. Principal Accountant Fees and Services 88 Item 16D. Exemptions from the Listing Standards for Audit Committees 89 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 89 Item 16F. Change in Registrant's Certifying Accountant 89 Item 16G. Corporate Governance 89 Item 16H. Mine Safety Disclosures 90 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 90 Item 16J Insider Trading Policies 90 Item 16K Cybersecurity 90 PART III 91 Item 17.

Financial Statements

Financial Statements 91 Item 18.

Financial Statements

Financial Statements 91 Item 19. Exhibits 91 Table of Contents FORWARD-LOOKING INFORMATION This Annual Report on Form 20-F includes assumptions, expectations, projections, intentions and beliefs about future events. These statements are intended as "forward-looking statements." We caution that assumptions, expectations, projections, intentions and beliefs about future events may and often do vary from actual results and the differences can be material. All statements in this document that are not statements of historical fact are forward-looking statements as defined in Section 27A of the U.S. Securities Act of 1933, as amended (the "Securities Act"). Forward-looking statements include, but are not limited to, such matters as: future operating or financial results; global and regional economic and political conditions, including the conflict in Ukraine and related global response and sanctions, the war in Gaza and attacks by Houthis in the Red Sea and Gulf of Aden; pending or recent acquisitions, business strategy and expected capital spending or operating expenses; our cooperation with our joint venture partners and any expected benefits from such joint venture arrangements; competition in the LPG marine transportation industry; shipping market trends, including charter rates, factors affecting supply and demand and world fleet composition; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists, including due to the conflict in Ukraine and related global response and sanctions, the war in Gaza and attacks by Houthis in the Red Sea and Gulf of Aden; ability to employ our vessels profitably; performance by the counterparties to our charter agreements; future liquefied petroleum gas ("LPG") prices and production; future supply and demand for oil and natural gas of which LPG is a byproduct; our financial condition and liquidity, including our ability to obtain

View Full Filing

View this 20-F filing on SEC EDGAR