Exhibit 99.1

LOGO

STEALTHGAS INC. REPORTS FOURTH QUARTER AND TWELVE MONTHS 2025

FINANCIAL AND OPERATING RESULTS

ATHENS, GREECE, March 2, 2026. 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, 2025.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

•

In 2025 the Company maintained its high profitability reporting Net Income of $60.6 million and EPS of $1.64.

•

For the fourth quarter Net income came in at $12.8 million corresponding to a basic EPS of $0.34, 10% lower than the $14.2 million achieved in the previous year.

•

Revenues for the fourth quarter of $39.4 million, decreased 9% or $4.1 million compared to the same period of last year.

•

Continued focus on period coverage. About 48% of fleet days for the remainder of 2026 are secured on period charters, with total fleet employment days for all periods generating about $104 million (excl. our single JV vessel) in contracted revenues.

•

Repaid all debt obligations in our fully owned fleet, making $85.9 million in debt repayments during the twelve months of 2025 and $350 million since December 2022. Currently, all the vessels in the fully owned fleet are unencumbered.

•

During 2025 the Company spent $1.8 million on share repurchases. Overall, under the current program the Company has spent over $21.2 million in share repurchases since June 2023.

•

The Company further strengthened its liquidity with cash and cash equivalents of $99.1 million as of December 31, 2025.

Fourth Quarter 2025 Results¹:

•

Revenues for the three months ended December 31, 2025, amounted to $39.4 million compared to revenues of $43.5 million for the three months ended December 31, 2024, based on an average of 28.4 vessels and 27.6 vessels owned by the Company, respectively. The decrease in revenue is mainly attributable to the loss of revenue from our vessel Eco Wizard due to the incident that occurred in July 2025 and rendered it inoperable, which was mitigated by the increase in the number of vessels in our fleet.

•

Voyage expenses and vessels’ operating expenses for the three months ended December 31, 2025, were $5.9 million and $12.7 million, respectively, compared to $3.2 million and $13.6 million, respectively, for the three months ended December 31, 2024. The $2.7 million increase in voyage expenses was mainly due to an increase in bunkers costs and port expenses as a result of the increase in spot market days for the fleet.

•

General and administrative expenses for the three months ended December 31, 2025 and 2024, were $2.2 million and $3.0 million, respectively. The change is mainly attributed to the decrease in stock-based compensation expense.

•

Depreciation for the three months ended December 31, 2025 and 2024, was $5.4 million and $6.6 million, respectively. The $1.2 million decrease is mainly related to the two vessels that had been classified as held for sale as of December 31, 2025, whereas no vessels were classified as held for sale during the same period last year.

•

Gain on sale of vessels for the three months ended December 31, 2025, was $0.7 million compared to nil for the same period last year. The gain is attributed to the sale of one vessel during the three months ended December 31, 2025.

•

Interest and finance costs for the three months ended December 31, 2025 and 2024, were $0.01 million and $1.4 million, respectively. The $1.39 million decrease from the same period of last year is primarily due to continued debt prepayments.

•

Interest income for the three months ended December 31, 2025 and 2024, was $0.9 million and $1.1 million, respectively. The decrease of $0.2 million is mainly attributed to the decrease in rates of time deposits.

•

Equity earnings in joint ventures for the three months ended December 31, 2025 and 2024, was a gain of $1.1 million and $0.5 million, respectively. The $0.6 million increase was primarily due to higher revenues due to better market conditions.

•

As a result of the above, for the three months ended December 31, 2025, the Company reported net income of $12.8 million, compared to net income of $14.2 million for the three months ended December 31, 2024. The weighted average number of shares outstanding, basic, for the three months ended December 31, 2025 and 2024 was 36.1 million and 35.3 million, respectively.

•

Earnings per share, basic, for the three months ended December 31, 2025, amounted to $0.34 compared to earnings per share, basic, of $0.38 for the same period of last year.

•

Adjusted net income, was $13.3 million corresponding to an Adjusted EPS of $0.36 for the three months ended December 31, 2025 compared to Adjusted net income of $16.4 million corresponding to an Adjusted EPS of $0.44 for the same period of last year.

•

EBITDA for the three months ended December 31, 2025, amounted to $17.3 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.

•

An average of 28.4 vessels were owned by the Company during the three months ended December 31, 2025 compared to 27.6 vessels for the same period of 2024.

Twelve months 2025 Results¹:

•

Revenues for the twelve months ended December 31, 2025, amounted to $173.2 million compared to revenues of $167.3 million for the twelve months ended December 31, 2024, based on an average of 28.4 vessels and 27.2 vessels owned by the Company, respectively. The increase in revenue is attributable to the increased number of vessels in our fleet and improved market conditions, despite the loss of revenue from our vessel Eco Wizard.

•

Voyage expenses and vessels’ operating expenses for the twelve months ended December 31, 2025, were $22.5 million and $53.9 million, respectively, compared to $11.7 million and $49.8 million, respectively, for the twelve months ended December 31, 2024. The $10.8 million increase in voyage expenses was mainly due to an increase in port expenses and in bunkers costs as a result of the increase in spot market days for the fleet. The $4.1 million increase in vessels’ operating expenses was mainly due to increase in crew, maintenance repairs and spares expenses partly in conjunction with the higher number of vessels in the fleet.

•

Drydocking costs for the twelve months ended December 31, 2025 and 2024, were $3.6 million and $5.3 million, respectively. Drydocking expenses for twelve months ended December 31, 2025 mainly relate to the completion of four vessels’ drydocking, compared to the same period of last year which included the completion of seven vessel’s drydocking.

•

General and administrative expenses for the twelve months ended December 31, 2025 and 2024, were $8.3 million and $10.3 million, respectively. The change is mainly attributed to the decrease in stock-based compensation expense.

•

Depreciation for the twelve months ended December 31, 2025 and 2024, was $25.3 million and $26.1 million, respectively, a $0.8 million decrease is mainly related to the two vessels that had been classified as held for sale as of December 31, 2025, whereas no vessels were classified as held for sale during the same period last year.

•

Impairment loss for the twelve months ended December 31, 2025 and 2024, was $0.5 million and nil, respectively. As a result of the agreed sale terms for the vessels Gas Cerberus, which was delivered in June 2025, a non-cash impairment loss of $0.5 million was recognized in the first quarter of 2025.

•

Gain on sale of vessels for the twelve months ended December 31, 2025, was $0.5 million compared to gain of $0.05 million for the same period last year. The gain is attributed to the sale of two vessels during the twelve months ended December 31, 2025, compared to the gain from the sale of two vessels during the twelve months ended December 31, 2024, which had been classified as held for sale as of December 31, 2023.

•

Interest and finance costs for the twelve months ended December 31, 2025 and 2024, were $2.2 million and $9.1 million, respectively. The $6.9 million decrease from the same period of last year is primarily due to continued debt prepayments.

•

Interest income for the twelve months ended December 31, 2025 and 2024, was $3.0 million and $3.4 million, respectively. The decrease of $0.4 million is mainly attributed to the decrease in rates of time deposits.

•

Equity earnings in joint ventures for the twelve months ended December 31, 2025 and 2024, was a gain of $5.1 million and $15.6 million, respectively. The $10.5 million decrease is primarily due to the profitable sale of one of the Medium Gas carriers owned by one of our joint ventures in the same period of last year.

•

As a result of the above, for the twelve months ended December 31, 2025, the Company reported net income of $60.6 million, compared to net income of $69.9 million for the twelve months ended December 31, 2024. The weighted average number of shares outstanding, basic, for the twelve months ended December 31, 2025 and 2024 was 35.9 million and 35.2 million, respectively.

•

Earnings per share, basic, for the twelve months ended December 31, 2025, amounted to $1.64 compared to earnings per share, basic, of $1.91 for the same period of last year.

•

Adjusted net income was $65.6 million corresponding to an Adjusted EPS of $1.77 for the twelve months ended December 31, 2025 compared to Adjusted net income of $77.3 million corresponding to an Adjusted EPS of $2.11 for the same period of last year.

•

EBITDA for the twelve months ended December 31, 2025, amounted to $85.2 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.

•

An average of 28.4 vessels were owned by the Company during the twelve months ended December 31, 2025, compared to 27.2 vessels for the same period of 2024.

¹	EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP measures. Refer to the reconciliation of these measures to the most directly comparable financial measure in accordance with GAAP set forth later in this release.

Fleet Update Since Previous Announcement

The Company announced the conclusion of the following chartering arrangements (of three or more months duration):

•

A three year time charter extension for its 2014 built LPG carrier Eco Corsair, until Feb 2029.

•

A four months time charter for its 2017 built LPG carrier Eco Frost, until Mar 2026.

•

A three months time charter extension for its 2008 built LPG carrier Gas Defiance, until Mar 2026.

•

A three months time charter for its 2015 built LPG carrier Eco Lucidity, until Mar 2026.

•

A three months time charter extension for its 2018 built LPG carrier Eco Arctic, until Apr 2026.

As of March 2026, the Company has total contracted revenues of approximately $104 million (excluding the JV vessel). For the remainder of 2026 the Company has circa 48% of fleet days secured under period contracts and contracted revenues of approximately $66 million (excluding the JV vessel).

The previously announced sale of the vessel Eco Invictus is expected to be concluded within the first quarter of 2026. In addition, in December 2025, the Company entered into a new agreement with a third party for the sale of the 2015-built vessel Eco Universe with expected delivery in April 2025. Both vessels under sale are debt free with the gross proceeds from these sales of circa $29 million further strengthening the cash position.

The vessel Eco Wizard is currently at a port in Latvia where further assessments are being conducted following damage caused during the July incident. The Company anticipates to be indemnified for the loss of the vessel in accordance with the insured value and applicable war risk coverage, subject to final adjustment and agreement with underwriters.

CEO Harry Vafias Commented

StealthGas generated $60.6 million in profits for the whole of 2025, a very successful year, the fourth in a row, of strong profitability and $12.7 million for the fourth quarter despite having one of our most profitable vessels out of action since July 2025. It was to put it mildly a turbulent year for the markets as we had anticipated. Trade in LPG over this period continued to grow with its ups and downs, showing resilience in the face of geopolitical tensions, driven primarily by US exports while medium-term fundamentals remain robust. In line with our strategic objectives during 2025 the Company became debt-free after having paid down $350 million in debt obligations over the last 3 years, ending the year with $99 million cash and currently having $110 million cash. In December the Company entered into another agreement to sell one smaller vessel in the fleet as we are looking to take advantage of firm prices to divest some of the older assets and eventually modernize and move the fleet into larger sized vessels as the opportunities arise.

Conference Call details:

On March 2, 2026 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

Conference call 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.

https://register-conf.media-server.com/register/BIb28a942d198a4c4da280c78671e6b213

Slides and audio webcast:

There will also be a live and then archived webcast of the conference call, through the STEALTHGAS INC. website (www.stealthgas.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About STEALTHGAS INC.

StealthGas Inc. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. StealthGas Inc. has a fleet of 29 LPG carriers, including one Joint Venture vessel, in the water. These LPG vessels have a total capacity of 339,134 cubic meters (cbm). StealthGas Inc.’s shares are listed on the Nasdaq Global Select Market and trade under the symbol “GASS.” Visit our website at www.stealthgas.com

Forward-Looking Statements

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, including regarding contracted revenue, market conditions, pending vessel sales and our vessel damaged in the third quarter of 2025, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, shipyard performance, changes in STEALTHGAS INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in any financing arrangements, the impact of the loss of the Eco Wizard and extent of insurance coverage, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, tensions in the Middle East, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden, accidents and political events or acts by terrorists.

Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the U.S. Securities and Exchange Commission.

Fleet List

For information on our fleet and further information:

Visit our website at www.stealthgas.com

Company Contact:

Konstantinos Sistovaris

Investor Relations

STEALTHGAS INC.

00-30-210-6250-001

E-mail: info@stealthgas.com

Fleet Data:

The following key indicators highlight the Company’s operating performance during the periods ended December 31, 2024 and December 31, 2025.


FLEET DATA	Q4 2024			Q4 2025			12M 2024			12M 2025
Average number of vessels (1)		27.6			28.4			27.2			28.4
Period end number of owned vessels in fleet		28			28			28			28
Total calendar days for fleet (2)		2,542			2,610			9,944			10,368
Total voyage days for fleet (3)		2,446			2,412			9,677			10,027
Fleet utilization (4)		96.2	%		92.4	%		97.3	%		96.7	%
Total charter days for fleet (5)		2,265			2,208			8,930			8,642
Total spot market days for fleet (6)		181			204			747			1,385
Fleet operational utilization (7)		95.0	%		88.5	%		95.4	%		91.8	%

1)	Average number of vessels is the number of owned vessels that constituted our fleet for the relevant period, as measured by the sum of the number of days each vessel was a part of our fleet during the period divided by the number of calendar days in that period.

2)	Total calendar days for fleet are the total days the vessels we operated were in our possession for the relevant period including off-hire days associated with major repairs, drydockings or special or intermediate surveys.

3)	Total voyage days for fleet reflect the total days the vessels we operated were in our possession for the relevant period net of off-hire days associated with major repairs, drydockings or special or intermediate surveys.

4)	Fleet utilization is the percentage of time that our vessels were available for revenue generating voyage days, and is determined by dividing voyage days by fleet calendar days for the relevant period.

5)	Total charter days for fleet are the number of voyage days the vessels operated on time or bareboat charters for the relevant period.

6)	Total spot market charter days for fleet are the number of voyage days the vessels operated on spot market charters for the relevant period.

7)	Fleet operational utilization is the percentage of time that our vessels generated revenue, and is determined by dividing voyage days excluding commercially idle days by fleet calendar days for the relevant period.

Reconciliation of Adjusted Net Income, EBITDA, adjusted EBITDA and adjusted EPS:

Adjusted net income represents net income before loss/gain on derivatives excluding swap interest paid/received, impairment loss, net gain/loss on sale of vessels and share based compensation. EBITDA represents net income before interest and finance costs, interest income and depreciation. Adjusted EBITDA represents net income before interest and finance costs, interest income, depreciation, impairment loss, net gain/loss on sale of vessels, share based compensation and loss/gain on derivatives.

Adjusted EPS represents Adjusted net income divided by the weighted average number of shares.

EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are included herein because they are a basis, upon which we and our investors assess our financial performance. They allow us to present our performance from period to period on a comparable basis and provide investors with a means of better evaluating and understanding our operating performance.

EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are not recognized measurements under U.S. GAAP. Our calculation of EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS may not be comparable to that reported by other companies in the shipping or other industries. In evaluating Adjusted EBITDA, Adjusted net income and Adjusted EPS, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation.


(Expressed in United States Dollars, except number of shares)	Fourth Quarter Ended December 31st,						Twelve months Periods Ended December 31st,
	2024			2025			2024			2025
Net Income - Adjusted Net Income
Net income		14,198,527			12,775,556			69,862,177			60,648,616
Less gain on derivatives		—			—			(99,286	)		—
Plus swap interest received		—			—			208,127			—
Less gain on sale of vessels, net		—			(659,218	)		(46,384	)		(538,000	)
Plus impairment loss		—			—			—			488,400
Plus share based compensation		2,206,296			1,153,844			7,326,808			4,967,250
Adjusted Net Income		16,404,823			13,270,182			77,251,442			65,566,266
Net income – EBITDA
Net income		14,198,527			12,775,556			69,862,177			60,648,616
Plus interest and finance costs		1,425,886			10,653			9,062,562			2,241,719
Less interest income		(1,052,786	)		(859,187	)		(3,416,221	)		(2,953,442	)
Plus depreciation		6,598,549			5,412,588			26,076,687			25,252,476
EBITDA		21,170,176			17,339,610			101,585,205			85,189,369
Net income - Adjusted EBITDA
Net income		14,198,527			12,775,556			69,862,177			60,648,616
Less gain on derivatives		—			—			(99,286	)		—
Less gain on sale of vessels, net		—			(659,218	)		(46,384	)		(538,000	)
Plus impairment loss		—			—			—			488,400
Plus share based compensation		2,206,296			1,153,844			7,326,808			4,967,250
Plus interest and finance costs		1,425,886			10,653			9,062,562			2,241,719
Less interest income		(1,052,786	)		(859,187	)		(3,416,221	)		(2,953,442	)
Plus depreciation		6,598,549			5,412,588			26,076,687			25,252,476
Adjusted EBITDA		23,376,472			17,834,236			108,766,343			90,107,019
EPS - Adjusted EPS
Net income		14,198,527			12,775,556			69,862,177			60,648,616
Adjusted net income		16,404,823			13,270,182			77,251,442			65,566,266
Weighted average number of shares, basic		35,345,251			36,111,888			35,237,059			35,881,239
EPS - Basic		0.38			0.34			1.91			1.64
Adjusted EPS – Basic		0.44			0.36			2.11			1.77

StealthGas Inc.

Unaudited Condensed Consolidated Statements of Income

(Expressed in United States Dollars, except for number of shares)


	Quarters Ended December 31,						Twelve month Periods Ended December 31,
	2024			2025			2024			2025
Revenues
Revenues		43,467,117			39,371,480			167,262,185			173,161,478
Expenses
Voyage expenses		2,679,927			5,394,093			9,594,880			20,433,872
Voyage expenses - related party		535,991			464,102			2,063,228			2,097,322
Vessels’ operating expenses		13,404,725			12,481,722			48,961,137			52,980,264
Vessels’ operating expenses - related party		212,500			238,419			875,002			933,616
Drydocking costs		1,855,672			1,846,503			5,312,614			3,602,010
Management fees - related party		1,089,040			1,118,961			4,258,240			4,445,120
General and administrative expenses		3,010,733			2,248,264			10,309,693			8,333,449
Depreciation		6,598,549			5,412,588			26,076,687			25,252,476
Impairment loss		—			—			—			488,400
Net gain on sale of vessels		—			(659,218	)		(46,384	)		(538,000	)

Total expenses		29,387,137			28,545,434			107,405,097			118,028,529

Income from operations		14,079,980			10,826,046			59,857,088			55,132,949

Other (expenses)/income
Interest and finance costs		(1,425,886	)		(10,653	)		(9,062,562	)		(2,241,719	)
Gain on derivatives		—			—			99,286			—
Interest income		1,052,786			859,187			3,416,221			2,953,442
Foreign exchange gain/(loss)		25,598			(18,210	)		(70,692	)		(282,697	)

Other (expenses)/income, net		(347,502	)		830,324			(5,617,747	)		429,026

Income before equity in earnings of investees		13,732,478			11,656,370			54,239,341			55,561,975
Equity earnings in joint ventures		466,049			1,119,186			15,622,836			5,086,641

Net Income		14,198,527			12,775,556			69,862,177			60,648,616

Earnings per share
- Basic		0.38			0.34			1.91			1.64

- Diluted		0.38			0.34			1.90			1.64

Weighted average number of shares
- Basic		35,345,251			36,111,888			35,237,059			35,881,239

- Diluted		35,409,350			36,111,888			35,333,160			35,881,239

StealthGas Inc.

Unaudited Condensed Consolidated Balance Sheets

(Expressed in United States Dollars)


	December 31, 2024		December 31, 2025
Assets
Current assets
Cash and cash equivalents		80,653,398		99,077,831
Trade and other receivables		6,156,300		7,744,675
Other current assets		193,265		22,419
Claims receivable		55,475		61,697,544
Inventories		3,891,147		1,899,887
Advances and prepayments		733,212		1,145,504
Assets held for sale		—		24,945,022
Fair value of derivatives		387,608		—

Total current assets		92,070,405		196,532,882

Non current assets
Operating lease right-of-use assets		—		104,801
Vessels, net		608,214,416		491,413,817
Other receivables		370,053		171,275
Restricted cash		3,867,752		—
Investments in joint ventures		27,717,238		23,467,353

Total non current assets		640,169,459		515,157,246

Total assets		732,239,864		711,690,128

Liabilities and Stockholders’ Equity
Current liabilities
Payable to related parties		388,130		1,045,962
Trade accounts payable		10,994,434		9,881,737
Accrued and other liabilities		4,922,587		4,443,142
Operating lease liabilities		—		104,801
Deferred income		4,304,667		5,665,271
Current portion of long-term debt		23,333,814		—

Total current liabilities		43,943,632		21,140,913

Non current liabilities
Deferred income		213,563		222,605
Long-term debt		61,555,855		—

Total non current liabilities		61,769,418		222,605

Total liabilities		105,713,050		21,363,518

Commitments and contingencies
Stockholders’ equity
Capital stock		370,414		371,857
Additional paid-in capital		409,912,934		413,450,279
Retained earnings		215,855,858		276,504,474
Accumulated other comprehensive income		387,608		—

Total stockholders’ equity		626,526,814		690,326,610

Total liabilities and stockholders’ equity		732,239,864		711,690,128

StealthGas Inc.

Unaudited Condensed Consolidated Statements of Cash Flows

(Expressed in United States Dollars)


	Twelve month Periods Ended December 31,
	2024			2025
Cash flows from operating activities
Net income for the year		69,862,177			60,648,616
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		26,076,687			25,252,476
Amortization of deferred finance charges		711,378			990,921
Amortization of operating lease right-of-use assets		99,379			126,754
Share based compensation		7,326,808			4,967,250
Change in fair value of derivatives		108,841			—
Proceeds from disposal of interest rate swaps		1,018,000			—
Equity earnings in joint ventures		(15,622,836	)		(5,086,641	)
Dividends received from joint ventures		20,570,036			2,634,000
Impairment loss		—			488,400
Gain on sale of vessels		(46,384	)		(538,000	)
Changes in operating assets and liabilities:
(Increase)/decrease in
Trade and other receivables		(1,971,610	)		(1,004,172	)
Other current assets		(62,676	)		170,846
Claims receivable		—			(4,474,893	)
Inventories		(1,664,738	)		2,154,930
Changes in operating lease liabilities		(99,379	)		(126,754	)
Advances and prepayments		676,228			(240,405	)
Increase/(decrease) in
Balances with related parties		(555,589	)		590,092
Trade accounts payable		628,899			(1,677,299	)
Accrued liabilities		(758,558	)		(802,426	)
Deferred income		(2,796,608	)		1,108,984

Net cash provided by operating activities		103,500,055			85,182,679

Cash flows from investing activities
Payment for acquisition of remaining interest in joint venture, net of cash acquired		—			(7,976,895	)
Proceeds from sale of vessels, net		34,679,584			25,072,377
Acquisition and improvements of vessels		(106,169,013	)		(412,428	)
Return of investments from joint ventures		7,007,164			—

Net cash (used in)/provided by investing activities		(64,482,265	)		16,683,054

Cash flows from financing activities
Proceeds from exercise of stock options		356,250			356,250
Stock repurchase		(338,176	)		(1,784,712	)
Deferred finance charges paid		(22,167	)		—
Advances to joint ventures		(11,847	)		—
Loan repayments		(108,236,401	)		(85,880,590	)
Proceeds from long-term debt		70,000,000			—

Net cash used in financing activities		(38,252,341	)		(87,309,052	)

Net increase in cash, cash equivalents and restricted cash		765,449			14,556,681
Cash, cash equivalents and restricted cash at beginning of year		83,755,701			84,521,150

Cash, cash equivalents and restricted cash at end of year		84,521,150			99,077,831

Cash breakdown
Cash and cash equivalents		80,653,398			99,077,831
Restricted cash, non current		3,867,752			—

Total cash, cash equivalents and restricted cash shown in the statements of cash flows		84,521,150			99,077,831

StealthGas Inc. 6-K