{"componentChunkName":"component---src-containers-call-js","path":"/e/nasdaq/s/gass/y/2020/q/q3","result":{"pageContext":{"event":{"conference_date":"2020-11-25T11:00:00.000-05:00","quarter":"q3","transcript":null,"transcript_preview":"a740aed9-5f5d-450b-bda0-16c9a32f4ab1.json","year":"2020","audio_file":null},"transcript":{"version":2,"items":null,"speaker_groups":[{"endIndex":43,"speaker":"spk_0","startIndex":0,"start_times":[0,0.39,0.71,1.3,1.48,1.88,2,2.25,2.65,3.19,3.42,3.82,4.44,5.53,6.01,6.56,7.32,7.77,9.24,9.56,9.95,10.46,10.99,11.44,11.56,11.66,12.06,12.24,12.67,13.62,13.86,14.1,14.28,14.43,14.61,14.9,15.33,15.47,15.76,16.65,17.08],"words":["Good","morning","everybody","and","welcome","to","our","fourth","quarter","and","12","months","2020","earnings","conference","call","and","Webcast.","I'm","Michel","Jolliffe,","the","chairman","of","the","board","of","stealth","gas","And","with","me","on","our","pool","today","is","Harry","vargas,","the","chief"]},{"endIndex":46,"speaker":"spk_1","startIndex":44,"start_times":[17.31,17.92,18.36],"words":["executive","officer","of"]},{"endIndex":56,"speaker":"spk_0","startIndex":47,"start_times":[18.47,18.84,19.14,19.4,19.55,19.76,20.36,21.54,22.44],"words":["stealth","Gas","along","with","our","finance","officer","pina","calories."]},{"endIndex":67,"speaker":"spk_1","startIndex":57,"start_times":[23.74,24.15,24.28,24.72,24.86,26.16,26.28,26.43,26.64,26.75],"words":["Before","we","commence","our","presentation,","I","would","like","to","remind"]},{"endIndex":76,"speaker":"spk_0","startIndex":68,"start_times":[27.22,27.42,27.57,27.71,27.86,28.01,28.85,29.32,29.67],"words":["you","that","we","will","be","discussing","forward","looking","statements"]},{"endIndex":80,"speaker":"spk_1","startIndex":77,"start_times":[30.94,31.24,31.74,32.13],"words":["which","reflect","current","views"]},{"endIndex":135,"speaker":"spk_0","startIndex":81,"start_times":[32.61,32.78,33.21,33.31,33.77,34.32,34.49,35.05,37.04,37.26,37.46,37.97,38.11,38.22,38.4,38.61,38.9,38.97,39.35,39.47,39.72,39.89,41,41.32,41.82,41.99,42.18,42.35,44.54,45.09,45.27,45.63,46.37,46.49,46.85,47.13,47.55,47.69,47.78,48.45,48.55,49.07,51.74,51.91,52.05,52.35,52.57,52.67,53.02,53.23,53.37,53.55,53.93],"words":["with","respect","to","future","events","and","financial","performance","at","this","stage.","If","you","could","all","take","a","moment","to","read","our","disclaimer","on","slide","two","of","this","presentation","risks","are","further","disclosed","in","stealth","gas","filing","with","the","Securities","and","Exchange","Commission.","I","would","also","like","to","point","out","that","all","amounts","quoted"]},{"endIndex":144,"speaker":"spk_1","startIndex":136,"start_times":[54.78,55.33,55.85,56.64,57.07,57.81,58.34,58.48],"words":["unless","otherwise","clarified,","are","implicitly","stated","in","United"]},{"endIndex":156,"speaker":"spk_0","startIndex":145,"start_times":[59.01,59.49,61.14,61.67,61.98,62.75,62.86,63.09,63.68,63.8,64,64.31],"words":["States","dollars","Slide","three","summarizes","the","key","highlights","of","our","4th","Quarter"]},{"endIndex":161,"speaker":"spk_1","startIndex":157,"start_times":[65.05,65.41,66.44,66.66,66.83],"words":["2020","results","that","we","released"]},{"endIndex":167,"speaker":"spk_0","startIndex":162,"start_times":[67.3,69.14,69.3,69.72,70.39],"words":["today.","Our","market","environment","in"]},{"endIndex":187,"speaker":"spk_1","startIndex":168,"start_times":[70.52,70.73,71.06,71.43,71.54,72.77,73.33,73.86,74.62,75.04,75.13,75.52,75.81,77.64,77.95,78.33,78.44,78.66,79.03],"words":["this","last","quarter","of","2020","remained","fairly","unchanged","compared","to","quarter","3","2020.","Main","reason","for","this","flat","market"]},{"endIndex":193,"speaker":"spk_0","startIndex":188,"start_times":[79.53,79.77,79.9,80.24,80.39,81.05],"words":["is","of","course","the","ongoing","covid"]},{"endIndex":196,"speaker":"spk_1","startIndex":194,"start_times":[81.51,82.1],"words":["19","pandemic,"]},{"endIndex":207,"speaker":"spk_0","startIndex":197,"start_times":[83.12,83.38,83.77,84.24,84.61,84.84,86.44,87.1,87.88,88.31],"words":["which","greatly","affects","selfie","G","demand.","Vaccine","delays","along","with"]},{"endIndex":236,"speaker":"spk_1","startIndex":208,"start_times":[88.44,88.52,89.05,89.81,90.35,90.58,91.17,92.03,93.29,93.5,93.61,94.2,95.64,96.77,97.03,97.38,97.46,97.93,98.33,98.8,98.94,99.29,99.47,99.62],"words":["the","recurring","lockdowns,","prevented","any","meaningful","recovery,","particularly","in","the","european","region.","Admittedly,","we","faced","a","far","tougher","market","in","europe","than","in","Asia,"]},{"endIndex":242,"speaker":"spk_0","startIndex":237,"start_times":[100.29,100.64,101.27,101.88,102.71],"words":["where","trade,","although","primarily","Spot"]},{"endIndex":252,"speaker":"spk_1","startIndex":243,"start_times":[103.56,103.92,104.5,104.76,105.78,106.39,106.62,106.94,107.28],"words":["was","indeed","more","stable","and","at","better","freight","rates."]},{"endIndex":273,"speaker":"spk_0","startIndex":253,"start_times":[109.84,110.22,110.42,111.36,111.71,111.98,112.31,112.66,113.46,113.72,114.09,115.44,115.7,116.17,116.29,116.39,116.74,117.2,117.38,117.78],"words":["Given","this","environment","where","new","time","charter","activity","was","quite","negligible.","Our","presence","in","the","spot","market","was","even","stronger"]},{"endIndex":283,"speaker":"spk_1","startIndex":274,"start_times":[118.33,118.51,118.68,118.82,119.13,119.5,119.61,121.04,121.3],"words":["than","in","the","third","quarter","of","2020,","with","More"]},{"endIndex":288,"speaker":"spk_0","startIndex":284,"start_times":[121.53,121.68,122.42,123.03,123.71],"words":["than","16","vessels","operating","predominantly"]},{"endIndex":290,"speaker":"spk_1","startIndex":289,"start_times":[124.89,125.24],"words":["on","the"]},{"endIndex":294,"speaker":"spk_0","startIndex":291,"start_times":[125.35,125.7,126.25,126.65],"words":["spot","market","throughout","most"]},{"endIndex":298,"speaker":"spk_1","startIndex":295,"start_times":[127.01,127.13,127.24],"words":["of","the","quarter."]},{"endIndex":303,"speaker":"spk_0","startIndex":299,"start_times":[128.84,129.52,129.99,130.31,130.45],"words":["Hence","trading","risks","were","high"]},{"endIndex":310,"speaker":"spk_1","startIndex":304,"start_times":[131.22,131.55,132,132.4,132.56,132.75],"words":["with","voyage","costs","and","off","fires,"]},{"endIndex":328,"speaker":"spk_0","startIndex":311,"start_times":[133.7,133.96,134.62,134.78,135.17,137.04,137.66,137.8,137.99,138.45,138.92,139.33,139.64,140.43,140.73,141.05],"words":["thus","undermining","our","earnings","potential.","Even","in","this","difficult","market,","stealth","Gas","demonstrated","quite","strong","performance"]},{"endIndex":342,"speaker":"spk_1","startIndex":329,"start_times":[141.74,141.86,142.26,142.38,142.59,142.67,143.04,143.2,143.27,144.84,145.1,145.29,146.02],"words":["and","managed","to","end","the","quarter","with","a","profit.","We","were","resourceful","and"]},{"endIndex":370,"speaker":"spk_0","startIndex":343,"start_times":[146.15,146.82,146.94,147.49,147.62,147.85,148.24,148.67,149.94,150.19,150.77,151.05,151.23,152.43,152.78,153.15,153.24,153.68,154.02,154.85,155.33,155.5,155.64,156,157.94,158.13],"words":["versatile","in","adapting","to","these","soft","market","conditions","and","leveraging","upon","our","expertise,","even","managed","to","improve","spot","earnings","stemming","from","the","Asian","region.","We","also"]},{"endIndex":373,"speaker":"spk_1","startIndex":371,"start_times":[158.54,159.32,159.43],"words":["need","to","mention"]},{"endIndex":397,"speaker":"spk_0","startIndex":374,"start_times":[160.17,160.4,160.66,161.41,161.7,161.92,162.17,163.08,164.44,165.21,165.57,166.23,167.63,168.03,168.23,168.48,168.67,168.98,169.54,170.01,170.29,171.03,171.78,171.97],"words":["that","this","quarter","we","took","an","expected","and","medium","gas","carrier","operations","as","two","out","of","three","medium","sized","gas","carriers","underwent","their","Scheduled"]},{"endIndex":494,"speaker":"spk_1","startIndex":398,"start_times":[172.48,173.06,173.43,173.82,174.82,175.1,175.61,175.71,176.32,178.74,179.43,179.55,179.75,180.49,180.71,181.05,182.03,182.14,182.55,182.9,184.04,184.42,186.34,186.63,186.96,187.42,187.83,187.97,188.5,188.73,189.4,189.75,189.8,190.19,190.29,190.39,190.77,191.11,191.24,191.45,191.83,192.01,192.18,192.46,193.74,193.92,194.25,194.35,194.56,195.25,196.31,196.62,196.97,197.32,197.47,197.6,199.78,200.23,200.5,200.63,200.87,201.04,201.55,201.66,201.82,202.27,203.07,203.8,203.92,204.03,204.39,205.34,206.42,206.56,207.72,207.82,207.98,208.34,209.94,210.34,211.24,211.42,211.62,211.94,212.66,212.76,212.95,213.23,213.56],"words":["dockings","within","Quarter","four,","thus","producing","an","operating","loss","focusing","on","our","operations","are","fleet","utilization","for","quarter","4,","2020","was","98.5%","with","about","60","days","of","technical","off","fires","as","a","result","of","the","drug","talking","of","two","small","L.","P.","G.","S","In","terms","of","our","operational","utilization","that","this","came","in","at","93.6%,","mainly","due","to","more","than","16","of","our","ships","operating","predominantly","in","the","spot","market,","equivalent","to","29%","of","our","voyage","days","going","forward.","We","have","about","50%","of","our","fleet","days","secured"]},{"endIndex":496,"speaker":"spk_0","startIndex":495,"start_times":[214.3,214.87],"words":["on","Period"]},{"endIndex":534,"speaker":"spk_1","startIndex":497,"start_times":[215.34,215.87,216,216.11,216.58,216.68,218.44,218.94,219.26,219.87,220.27,220.46,220.7,221.33,221.98,222.95,223.39,223.99,224.75,224.94,225.68,227.64,228.27,228.39,228.69,229.08,229.63,229.75,229.86,230.17,230.52,231.49,232.17,232.67],"words":["charters","for","the","remainder","of","2021","Total","fleet","employment","days","for","all","subsequent","periods,","generating","dollars,","81","million","in","contracted","revenues,","including","the","time","charter","agreements","with","our","joint","venture","structures.","Total","secured","revenues"]},{"endIndex":535,"speaker":"spk_0","startIndex":535,"start_times":[233.39],"words":["increase"]},{"endIndex":553,"speaker":"spk_1","startIndex":536,"start_times":[234.13,234.25,234.59,234.73,235.38,237.24,237.62,237.73,238.02,238.34,238.44,239.19,239.35,240.17,240.48,240.84],"words":["To","close","to","92","million","During","the","fourth","quarter","of","2020,","we","sold","for","further","trading."]},{"endIndex":557,"speaker":"spk_0","startIndex":554,"start_times":[241.68,242.17,242.57,242.92],"words":["Our","oldest","small","LV"]},{"endIndex":560,"speaker":"spk_1","startIndex":558,"start_times":[243.28,243.7,243.87],"words":["Jeeva","saw","the"]},{"endIndex":563,"speaker":"spk_0","startIndex":561,"start_times":[244.04,244.4],"words":["gas","bashar,"]},{"endIndex":569,"speaker":"spk_1","startIndex":564,"start_times":[245.84,246.15,246.36,247.69,248.84],"words":["Which","is","1995","built.","Moreover"]},{"endIndex":580,"speaker":"spk_0","startIndex":570,"start_times":[249.97,250.49,250.72,251.01,251.13,251.35,251.8,251.92,252.02,252.94],"words":["Earlier","this","month,","we","took","delivery","of","an","11,000","cubic"]},{"endIndex":596,"speaker":"spk_1","startIndex":581,"start_times":[253.29,253.63,254.62,254.94,255.37,255.59,256.01,256.23,256.4,257.44,257.62,258.14],"words":["meter","pressurized","ice","class","New","building","L.","P.","G,","the","echo","blizzard,"]},{"endIndex":603,"speaker":"spk_0","startIndex":597,"start_times":[259.23,259.52,260.15,260.32,260.74,261.37],"words":["thus","completing","our","capital","expansion","phase,"]},{"endIndex":607,"speaker":"spk_1","startIndex":604,"start_times":[263.74,264.14,264.25,264.42],"words":["looking","at","our","financial"]},{"endIndex":609,"speaker":"spk_0","startIndex":608,"start_times":[264.99,265.57],"words":["performance","Highlights"]},{"endIndex":619,"speaker":"spk_1","startIndex":610,"start_times":[266.36,266.87,267.25,267.87,268.34,268.56,268.71,270.3],"words":["are","void.","Revenure","came","in","at","$37.3","million,"]},{"endIndex":622,"speaker":"spk_0","startIndex":620,"start_times":[271.03,271.67,271.76],"words":["marking","an","Increase"]},{"endIndex":645,"speaker":"spk_1","startIndex":623,"start_times":[272.32,272.46,272.86,273.64,274.37,275.01,275.11,275.21,275.51,275.87,275.99,276.38,278.64,278.89,279.07,279.79,280.09,280.21,280.34,280.76,280.89],"words":["of","dollars,","2.1","million","compared","to","the","same","period","of","last","year.","This","was","primarily","due","to","the","increase","of","revenues"]},{"endIndex":666,"speaker":"spk_0","startIndex":646,"start_times":[281.92,282.6,282.82,282.99,283.4,283.59,283.78,284.13,284.84,285.06,285.4,285.88,286.24,286.47,286.75,287.53,288.11],"words":["stemming","from","our","larger","L.","P.","G.","S","and","six","vessels","coming","off","their","boat,","including","the"]},{"endIndex":694,"speaker":"spk_1","startIndex":667,"start_times":[288.26,288.52,289.07,289.38,289.94,290.18,290.3,290.41,291.16,291.3,291.47,293.64,294.12,294.22,294.32,294.65,295.02,295.12,296.18,296.62,297.09,297.42,297.82,298.36,298.95,299.11,299.49],"words":["four","ships","re","delivered","due","to","the","bankruptcy","of","our","charter,","Compared","to","the","third","quarter","of","2020.","A","daily","time","charter","equivalent","decreased","by","about","500."]}],"transcripts":null,"speaker_labels":null},"buildVersion":"517","companyName":"StealthGas, Inc.","exchange":"NASDAQ","isApproved":true,"optOut":null,"isTranscriptPreview":null,"securityName":"StealthGas, Inc.","symbol":"GASS","site":{"siteMetadata":{"title":"EarningsCall","buildVersion":"517","buildTime":"2022-01-02T06:12:51.610Z","commitId":"3b9e4ec1","stage":"prod"}}}},"staticQueryHashes":[]}