rabbit fortune in 2024

Nixon’s official acts against his enemies list led to a bipartisan impeachment effort | OpinionMiddle East latest: Israel agrees to a ceasefire with Hezbollah in Lebanon starting at 4 am
As Manchester City and Barcelona prepare for their respective challenges in the Champions League, the spotlight will be on their star players and tactical approaches to these crucial matches. The likes of Kevin De Bruyne, Raheem Sterling, and Phil Foden will be key figures for Manchester City, while Barcelona will look to veterans such as Sergio Busquets and Gerard Pique to lead by example on the European stage.As Manchester City and Barcelona prepare for their respective challenges in the Champions League, the spotlight will be on their star players and tactical approaches to these crucial matches. The likes of Kevin De Bruyne, Raheem Sterling, and Phil Foden will be key figures for Manchester City, while Barcelona will look to veterans such as Sergio Busquets and Gerard Pique to lead by example on the European stage.DOHA, Qatar , Dec. 28, 2024 /PRNewswire/ -- On December 25, 2024 , the First JETOUR Fan's Festival and the Launch of T2 i-DM was held in Qatar , themed "Think Future". During the event, JETOUR launched its user brand "Traveler" in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR's commitment to exploring sustainable travel modes and ambition to become the "The World's Leading Brand in Hybrid Off-road Vehicles" under the "Travel+" strategy. JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel. Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology's role in producing world-class products. The launch also introduced "Traveler", enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan's Festival invited user representatives from across the Middle East to witness the unveiling of "Traveler", experiencing "Travel+" culture through city tours and co-creation workshops. JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through "Traveler," JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the "Travel+" culture worldwide. Mr. Alex Tan , Vice President of JETOUR International, said, "Serving 'JETOUR users' and being 'a user-oriented JETOUR' are JETOUR's development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users." JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East , embodying JETOUR Speed and the brand's image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers' needs and reshape the hybrid SUV market. The launch of T2 i-DM marks JETOUR's new journey towards "the World's Leading Brand in Hybrid Off-road Vehicles." JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future. View original content to download multimedia: https://www.prnewswire.com/news-releases/global-launch-of-jetour-t2-i-dm-reshaping-the-hybrid-suv-market-302339886.html SOURCE JETOUR AUTOAs the entrepreneur embarks on this groundbreaking venture, he faces numerous challenges and obstacles. From navigating regulatory approvals to overcoming cultural barriers and misconceptions about HPV vaccination in men, the road ahead is fraught with difficulties. However, with his determination, resources, and vision, he is well positioned to surmount these challenges and revolutionize the male HPV vaccine market.
Scientology Expands Its Impact In Santo André, The Industrial Heart Of São PauloHelios Technologies officer sells $215,920 in common stock
B&M is bringing back huge toy deal loved by parents this week – just in time for Christmas shoppingIn the world of basketball, strategic coaching and player development play a pivotal role in a team's success. In the case of the Shanxi Team, their head coach has recently made headlines by urging Liu Chuanxing, one of the team's key players, to elevate his game by playing more aggressively to bolster the team's defense and rebounding capabilities.Furthermore, the linear narrative approach enhances the pacing of the film, ensuring that each scene and sequence serves a purpose in advancing the plot and building tension. By presenting the story in a more linear fashion, the filmmakers can create a more immersive and engaging viewing experience, drawing audiences into the world of "Four Seas Brothers" from the very first frame.
Stock Shocker: Major Decline for Tech Player Unveils Hidden Insights
In recent years, French President Emmanuel Macron has found himself facing numerous challenges both domestically and internationally. The ongoing protests by the Yellow Vest movement, economic slowdown, and now the COVID-19 pandemic have all contributed to Macron's dwindling popularity and a sense of discontent among the French population. Against this backdrop, political analysts have started to label Macron's government as a "lame duck" or a "lame duck" in Chinese, indicating a government that is weak, ineffective, and struggling to maintain control.
In conclusion, the China International Barter Trade Center is a vital platform for businesses seeking to optimize their resources, expand their network, and embrace sustainable trading practices. Through its innovative services and commitment to excellence, CIBTC is poised to shape the future of barter trading in China and beyond.STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for the third quarter and nine months ended September 30, 2024. All-time record Net Income of $55.7 million for the nine months of 2024, a 29.3% increase compared to the same period last year. Strong profitability continued for the third quarter, with Net income of $12.1 million corresponding to a basic EPS of $0.33. Revenues increased by 16.7% compared to the same period of last year to $40.4 million for the third quarter of 2024, despite a decrease in utilization mainly due to four vessels undergoing drydock during the third quarter of 2024 compared to zero vessels last year. Further increased period coverage. About 65% of fleet days for 2025 are already secured on period charters, with total fleet employment days for all subsequent periods generating over $220 million (excl. JV vessels) in contracted revenues. Continued reducing leverage, making $106.6 million in debt repayments during the first nine months of 2024. Currently, 25 out of 28 vessels in the fully owned fleet are unencumbered. Maintaining ample cash and cash equivalents (incl. restricted cash) of $77.4 million as of September 30, 2024 enabling the Company to further reduce debt. Third Quarter 2024 Results1: Revenues for the three months ended September 30, 2024 amounted to $40.4 million compared to revenues of $34.7 million for the three months ended September 30, 2023, based on an average of 27.0 vessels and 27.6 vessels owned by the Company, respectively, as the vessels remaining in the fleet earned higher revenues due to better market conditions. Voyage expenses and vessels’ operating expenses for the three months ended September 30, 2024 were $2.9 million and $12.3 million, respectively, compared to $2.4 million and $12.3 million, respectively, for the three months ended September 30, 2023. The $0.5 million increase in voyage expenses was mainly due to bunker expenses, while the vessels’ operating expenses remained stable between 2024 and 2023. Drydocking costs for the three months ended September 30, 2024 and 2023 were $2.9 million and $0.06 million, respectively. Drydocking expenses during the third quarter of 2024 mainly relate to the completed drydocking of four vessels, while the drydocking of one vessel was still in progress, compared to no drydocking of vessels in the same period of last year. General and administrative expenses for the three months ended September 30, 2024 and 2023 were $2.7 million and $1.7 million, respectively. The change is mainly attributed to the increase in stock-based compensation expense. Depreciation for the three months ended September 30, 2024 and 2023 was $6.5 million and $5.5 million, respectively, a $1.0 million increase despite the decrease in average number of vessels owned by the Company, as the Company partly replaced some of the older vessels with newer and larger ones which have a higher cost. Net gain on sale of vessels for the three months ended September 30, 2024 was nil compared to $4.7 million for the same period last year, which was primarily due to the sale of two of the Company’s vessels during the three months ended September 30, 2023. Interest and finance costs for the three months ended September 30, 2024 and 2023, were $1.8 million and $2.5 million, respectively. The $0.7 million decrease from the same period of last year is primarily due to continued debt prepayments. Equity earnings in joint ventures for the three months ended September 30, 2024 and 2023 was a gain of $1.1 million and $0.9 million, respectively. The $0.2 million increase was primarily due to slightly higher revenues due to better market conditions. As a result of the above, for the three months ended September 30, 2024, the Company reported net income of $12.1 million, compared to net income of $15.7 million for the three months ended September 30, 2023. The weighted average number of shares outstanding, basic, for the three months ended September 30, 2024 and 2023 was 35.2 million and 37.3 million, respectively. Earnings per share, basic, for the three months ended September 30, 2024 amounted to $0.33 compared to earnings per share, basic, of $0.41 for the same period of last year. Adjusted net income was $14.2 million corresponding to an Adjusted EPS, basic, of $0.38 for the three months ended September 30, 2024 compared to Adjusted net income of $12.0 million corresponding to an Adjusted EPS, basic, of $0.31 for the same period of last year. EBITDA for the three months ended September 30, 2024 amounted to $19.7 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below. An average of 27.0 vessels were owned by the Company during the three months ended September 30, 2024 compared to 27.6 vessels for the same period of 2023. Nine months 2024 Results: Revenues for the nine months ended September 30, 2024, amounted to $123.8 million, an increase of $14.4 million, or 13.2%, compared to revenues of $109.4 million for the nine months ended September 30, 2023, based on an average of 27.0 vessels and 30.1 vessels owned by the Company, respectively, as the vessels remaining in the fleet earned higher revenues due to better market conditions. Voyage expenses and vessels’ operating expenses for the nine months ended September 30, 2024 were $8.4 million and $36.2 million, respectively, compared to $9.9 million and $40.2 million for the nine months ended September 30, 2023. The $1.5 million decrease in voyage expenses was mainly due to the decrease in spot days, while the $4.0 million decrease in vessels’ operating expenses was mainly due to the decrease in the average number of owned vessels in our fleet. Drydocking costs for the nine months ended September 30, 2024 and 2023 were $3.5 million and $2.6 million, respectively. The costs for the nine months ended September 30, 2024 mainly related to the completed drydocking of four vessels while one vessel was still in progress, while the costs for the same period of last year mainly related to the completed drydocking of three of the larger handysize of vessels. General and administrative expenses for the nine months ended September 30, 2024 and 2023 were $7.3 million and $3.7 million, respectively. The change is mainly attributed to the increase in stock-based compensation expense. Depreciation for the nine months ended September 30, 2024, was $19.5 million, a $1.4 million increase from $18.1 million for the same period of last year, as the Company partly replaced some of the older vessels with newer and larger vessels which have a higher cost. Impairment loss for the nine months ended September 30, 2024 and 2023 were nil and $2.8 million, respectively, relating to two vessels for which the Company had entered into separate agreements to sell them to third parties during the nine months ended September 30, 2023. Gain on sale of vessels for the nine months ended September 30, 2024 was $0.05 million compared to $7.6 million for the same period last year. The decrease is attributed to the sale of four of the Company’s vessels during the nine months ended September 30, 2023 compared to the sale of two vessels during the nine months ended September 30, 2024, which had been classified as held for sale as of December 31, 2023. Interest and finance costs for the nine months ended September 30, 2024 and 2023 were $7.6 million and $7.6 million, respectively. Equity earnings in joint ventures for the nine months ended September 30, 2024 and 2023 was a gain of $15.2 million and a gain of $11.4 million, respectively. The $3.8 million increase from the same period of last year is mainly due to a profitable sale of one of the Medium Gas carriers owned by one of our joint ventures. As a result of the above, the Company reported a net income for the nine months ended September 30, 2024 of $55.7 million, compared to a net income of $43.0 million for the nine months ended September 30, 2023. The weighted average number of shares outstanding, basic, for the nine months ended September 30, 2024 and 2023 was 35.2 million and 37.8 million, respectively. Earnings per share, basic, for the nine months ended September 30, 2024 amounted to $1.52 compared to earnings per share, basic, of $1.12 for the same period of last year. Adjusted net income was $60.8 million, corresponding to an Adjusted EPS, basic, of $1.67 per share, for the nine months ended September 30, 2024 compared to adjusted net income of $40.0 million, or $1.04 per share, for the same period of last year. EBITDA for the nine months ended September 30, 2024 amounted to $80.4 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below. An average of 27.0 vessels were owned by the Company during the nine months ended September 30, 2024, compared to 30.1 vessels for the same period of 2023. As of September 30, 2024, cash and cash equivalents (including restricted cash) amounted to $77.4 million and total debt amounted to $86.4 million. 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): An eighteen months time charter extension for its 2007 built LPG carrier Gas Flawless, until Jul 2026. A twelve months time charter for its 2008 built LPG carrier Gas Defiance, until Dec 2025. A twelve months time charter for its 2015 built LPG carrier Eco Galaxy, until Sep 2025. A six months time charter for its 2012 built LPG carrier Gas Esco, until Mar 2025. A three months time charter for its 2014 built LPG carrier Eco Chios, until Mar 2025. As of November 2024, the Company has total contracted revenues of approximately $220 million. For 2025 the Company has circa 65% of fleet days secured under period contracts and contracted revenues of approximately $100 million. In late September 2024, the joint venture owning the vessel Gas Shuriken entered into an agreement to sell the vessel to a third party. The delivery of the vessel is expected to take place in January 2025. On November 4, 2024, the debt facility on the vessels Gas Shuriken and Gas Defiance, owned through a joint venture, matured and was paid off. Immediately following the debt repayment, the Company also acquired full control of the vessel Gas Defiance purchasing it from its joint venture partner, as such the vessel going forward will be part of the Company’s fully owned fleet. CEO Harry Vafias Commented: Our Company had another quarter of high performance during the seasonally weaker summer months. We managed to increase revenues by 17% compared to last year even though there was a heavy drydock schedule during the third quarter that reduced our fleet’s utilization. So far this year we have announced record profits and with the market strengthening during the winter we are on track for another record year. There is continuing interest from charterers on period coverage and we now have contract coverage of 65% for 2025, securing approximately $100 million in revenues for next year. Particularly in Europe, where the majority of our fleet is located, period rates for pressurized vessels are at historical highs. Currently 25 vessels in our fleet are unencumbered. We have focused on our strategic goal of deleverage and as of the end of the third quarter we had $86 million in loans and $77 million in cash, a testament to the Company’s strong financial position. 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. Source: STEALTHGAS INC.Donald Trump nominates Ronald D. Johnson as US ambassador to MexicoIn conclusion, Gu Ailing's weekend triumph and swift return to academic pursuits have not only captured the admiration of sports fans worldwide but have also inspired a new generation of athletes to embrace the values of hard work, persistence, and dedication. Her ability to shine equally bright in both the sporting arena and the academic world is a testament to her indomitable spirit and unwavering commitment to excellence. Gu Ailing's story is one of courage, determination, and the relentless pursuit of dreams, making her a true embodiment of the phrase "balancing persistence and glory."
Edward C. Tuchek, 89Rep. Michelle Steel appears to concede to Derek Tran in the 45th congressional district race
As the premiere of "Moonlight Bang!" approaches, fans and critics alike are eager to see how Fee Xiang, Ma Dongxi, and Song Xiaobao will bring their comedic magic to the silver screen. The film's New Year's Eve release date adds an extra layer of excitement, as viewers prepare to ring in the new year with laughter and joy courtesy of these three comedic legends.What Is an AI Chatbot? Everything to Know

Nixon’s official acts against his enemies list led to a bipartisan impeachment effort | OpinionMiddle East latest: Israel agrees to a ceasefire with Hezbollah in Lebanon starting at 4 am
As Manchester City and Barcelona prepare for their respective challenges in the Champions League, the spotlight will be on their star players and tactical approaches to these crucial matches. The likes of Kevin De Bruyne, Raheem Sterling, and Phil Foden will be key figures for Manchester City, while Barcelona will look to veterans such as Sergio Busquets and Gerard Pique to lead by example on the European stage.As Manchester City and Barcelona prepare for their respective challenges in the Champions League, the spotlight will be on their star players and tactical approaches to these crucial matches. The likes of Kevin De Bruyne, Raheem Sterling, and Phil Foden will be key figures for Manchester City, while Barcelona will look to veterans such as Sergio Busquets and Gerard Pique to lead by example on the European stage.DOHA, Qatar , Dec. 28, 2024 /PRNewswire/ -- On December 25, 2024 , the First JETOUR Fan's Festival and the Launch of T2 i-DM was held in Qatar , themed "Think Future". During the event, JETOUR launched its user brand "Traveler" in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR's commitment to exploring sustainable travel modes and ambition to become the "The World's Leading Brand in Hybrid Off-road Vehicles" under the "Travel+" strategy. JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel. Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology's role in producing world-class products. The launch also introduced "Traveler", enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan's Festival invited user representatives from across the Middle East to witness the unveiling of "Traveler", experiencing "Travel+" culture through city tours and co-creation workshops. JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through "Traveler," JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the "Travel+" culture worldwide. Mr. Alex Tan , Vice President of JETOUR International, said, "Serving 'JETOUR users' and being 'a user-oriented JETOUR' are JETOUR's development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users." JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East , embodying JETOUR Speed and the brand's image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers' needs and reshape the hybrid SUV market. The launch of T2 i-DM marks JETOUR's new journey towards "the World's Leading Brand in Hybrid Off-road Vehicles." JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future. View original content to download multimedia: https://www.prnewswire.com/news-releases/global-launch-of-jetour-t2-i-dm-reshaping-the-hybrid-suv-market-302339886.html SOURCE JETOUR AUTOAs the entrepreneur embarks on this groundbreaking venture, he faces numerous challenges and obstacles. From navigating regulatory approvals to overcoming cultural barriers and misconceptions about HPV vaccination in men, the road ahead is fraught with difficulties. However, with his determination, resources, and vision, he is well positioned to surmount these challenges and revolutionize the male HPV vaccine market.
Scientology Expands Its Impact In Santo André, The Industrial Heart Of São PauloHelios Technologies officer sells $215,920 in common stock
B&M is bringing back huge toy deal loved by parents this week – just in time for Christmas shoppingIn the world of basketball, strategic coaching and player development play a pivotal role in a team's success. In the case of the Shanxi Team, their head coach has recently made headlines by urging Liu Chuanxing, one of the team's key players, to elevate his game by playing more aggressively to bolster the team's defense and rebounding capabilities.Furthermore, the linear narrative approach enhances the pacing of the film, ensuring that each scene and sequence serves a purpose in advancing the plot and building tension. By presenting the story in a more linear fashion, the filmmakers can create a more immersive and engaging viewing experience, drawing audiences into the world of "Four Seas Brothers" from the very first frame.
Stock Shocker: Major Decline for Tech Player Unveils Hidden Insights
In recent years, French President Emmanuel Macron has found himself facing numerous challenges both domestically and internationally. The ongoing protests by the Yellow Vest movement, economic slowdown, and now the COVID-19 pandemic have all contributed to Macron's dwindling popularity and a sense of discontent among the French population. Against this backdrop, political analysts have started to label Macron's government as a "lame duck" or a "lame duck" in Chinese, indicating a government that is weak, ineffective, and struggling to maintain control.
In conclusion, the China International Barter Trade Center is a vital platform for businesses seeking to optimize their resources, expand their network, and embrace sustainable trading practices. Through its innovative services and commitment to excellence, CIBTC is poised to shape the future of barter trading in China and beyond.STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for the third quarter and nine months ended September 30, 2024. All-time record Net Income of $55.7 million for the nine months of 2024, a 29.3% increase compared to the same period last year. Strong profitability continued for the third quarter, with Net income of $12.1 million corresponding to a basic EPS of $0.33. Revenues increased by 16.7% compared to the same period of last year to $40.4 million for the third quarter of 2024, despite a decrease in utilization mainly due to four vessels undergoing drydock during the third quarter of 2024 compared to zero vessels last year. Further increased period coverage. About 65% of fleet days for 2025 are already secured on period charters, with total fleet employment days for all subsequent periods generating over $220 million (excl. JV vessels) in contracted revenues. Continued reducing leverage, making $106.6 million in debt repayments during the first nine months of 2024. Currently, 25 out of 28 vessels in the fully owned fleet are unencumbered. Maintaining ample cash and cash equivalents (incl. restricted cash) of $77.4 million as of September 30, 2024 enabling the Company to further reduce debt. Third Quarter 2024 Results1: Revenues for the three months ended September 30, 2024 amounted to $40.4 million compared to revenues of $34.7 million for the three months ended September 30, 2023, based on an average of 27.0 vessels and 27.6 vessels owned by the Company, respectively, as the vessels remaining in the fleet earned higher revenues due to better market conditions. Voyage expenses and vessels’ operating expenses for the three months ended September 30, 2024 were $2.9 million and $12.3 million, respectively, compared to $2.4 million and $12.3 million, respectively, for the three months ended September 30, 2023. The $0.5 million increase in voyage expenses was mainly due to bunker expenses, while the vessels’ operating expenses remained stable between 2024 and 2023. Drydocking costs for the three months ended September 30, 2024 and 2023 were $2.9 million and $0.06 million, respectively. Drydocking expenses during the third quarter of 2024 mainly relate to the completed drydocking of four vessels, while the drydocking of one vessel was still in progress, compared to no drydocking of vessels in the same period of last year. General and administrative expenses for the three months ended September 30, 2024 and 2023 were $2.7 million and $1.7 million, respectively. The change is mainly attributed to the increase in stock-based compensation expense. Depreciation for the three months ended September 30, 2024 and 2023 was $6.5 million and $5.5 million, respectively, a $1.0 million increase despite the decrease in average number of vessels owned by the Company, as the Company partly replaced some of the older vessels with newer and larger ones which have a higher cost. Net gain on sale of vessels for the three months ended September 30, 2024 was nil compared to $4.7 million for the same period last year, which was primarily due to the sale of two of the Company’s vessels during the three months ended September 30, 2023. Interest and finance costs for the three months ended September 30, 2024 and 2023, were $1.8 million and $2.5 million, respectively. The $0.7 million decrease from the same period of last year is primarily due to continued debt prepayments. Equity earnings in joint ventures for the three months ended September 30, 2024 and 2023 was a gain of $1.1 million and $0.9 million, respectively. The $0.2 million increase was primarily due to slightly higher revenues due to better market conditions. As a result of the above, for the three months ended September 30, 2024, the Company reported net income of $12.1 million, compared to net income of $15.7 million for the three months ended September 30, 2023. The weighted average number of shares outstanding, basic, for the three months ended September 30, 2024 and 2023 was 35.2 million and 37.3 million, respectively. Earnings per share, basic, for the three months ended September 30, 2024 amounted to $0.33 compared to earnings per share, basic, of $0.41 for the same period of last year. Adjusted net income was $14.2 million corresponding to an Adjusted EPS, basic, of $0.38 for the three months ended September 30, 2024 compared to Adjusted net income of $12.0 million corresponding to an Adjusted EPS, basic, of $0.31 for the same period of last year. EBITDA for the three months ended September 30, 2024 amounted to $19.7 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below. An average of 27.0 vessels were owned by the Company during the three months ended September 30, 2024 compared to 27.6 vessels for the same period of 2023. Nine months 2024 Results: Revenues for the nine months ended September 30, 2024, amounted to $123.8 million, an increase of $14.4 million, or 13.2%, compared to revenues of $109.4 million for the nine months ended September 30, 2023, based on an average of 27.0 vessels and 30.1 vessels owned by the Company, respectively, as the vessels remaining in the fleet earned higher revenues due to better market conditions. Voyage expenses and vessels’ operating expenses for the nine months ended September 30, 2024 were $8.4 million and $36.2 million, respectively, compared to $9.9 million and $40.2 million for the nine months ended September 30, 2023. The $1.5 million decrease in voyage expenses was mainly due to the decrease in spot days, while the $4.0 million decrease in vessels’ operating expenses was mainly due to the decrease in the average number of owned vessels in our fleet. Drydocking costs for the nine months ended September 30, 2024 and 2023 were $3.5 million and $2.6 million, respectively. The costs for the nine months ended September 30, 2024 mainly related to the completed drydocking of four vessels while one vessel was still in progress, while the costs for the same period of last year mainly related to the completed drydocking of three of the larger handysize of vessels. General and administrative expenses for the nine months ended September 30, 2024 and 2023 were $7.3 million and $3.7 million, respectively. The change is mainly attributed to the increase in stock-based compensation expense. Depreciation for the nine months ended September 30, 2024, was $19.5 million, a $1.4 million increase from $18.1 million for the same period of last year, as the Company partly replaced some of the older vessels with newer and larger vessels which have a higher cost. Impairment loss for the nine months ended September 30, 2024 and 2023 were nil and $2.8 million, respectively, relating to two vessels for which the Company had entered into separate agreements to sell them to third parties during the nine months ended September 30, 2023. Gain on sale of vessels for the nine months ended September 30, 2024 was $0.05 million compared to $7.6 million for the same period last year. The decrease is attributed to the sale of four of the Company’s vessels during the nine months ended September 30, 2023 compared to the sale of two vessels during the nine months ended September 30, 2024, which had been classified as held for sale as of December 31, 2023. Interest and finance costs for the nine months ended September 30, 2024 and 2023 were $7.6 million and $7.6 million, respectively. Equity earnings in joint ventures for the nine months ended September 30, 2024 and 2023 was a gain of $15.2 million and a gain of $11.4 million, respectively. The $3.8 million increase from the same period of last year is mainly due to a profitable sale of one of the Medium Gas carriers owned by one of our joint ventures. As a result of the above, the Company reported a net income for the nine months ended September 30, 2024 of $55.7 million, compared to a net income of $43.0 million for the nine months ended September 30, 2023. The weighted average number of shares outstanding, basic, for the nine months ended September 30, 2024 and 2023 was 35.2 million and 37.8 million, respectively. Earnings per share, basic, for the nine months ended September 30, 2024 amounted to $1.52 compared to earnings per share, basic, of $1.12 for the same period of last year. Adjusted net income was $60.8 million, corresponding to an Adjusted EPS, basic, of $1.67 per share, for the nine months ended September 30, 2024 compared to adjusted net income of $40.0 million, or $1.04 per share, for the same period of last year. EBITDA for the nine months ended September 30, 2024 amounted to $80.4 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below. An average of 27.0 vessels were owned by the Company during the nine months ended September 30, 2024, compared to 30.1 vessels for the same period of 2023. As of September 30, 2024, cash and cash equivalents (including restricted cash) amounted to $77.4 million and total debt amounted to $86.4 million. 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): An eighteen months time charter extension for its 2007 built LPG carrier Gas Flawless, until Jul 2026. A twelve months time charter for its 2008 built LPG carrier Gas Defiance, until Dec 2025. A twelve months time charter for its 2015 built LPG carrier Eco Galaxy, until Sep 2025. A six months time charter for its 2012 built LPG carrier Gas Esco, until Mar 2025. A three months time charter for its 2014 built LPG carrier Eco Chios, until Mar 2025. As of November 2024, the Company has total contracted revenues of approximately $220 million. For 2025 the Company has circa 65% of fleet days secured under period contracts and contracted revenues of approximately $100 million. In late September 2024, the joint venture owning the vessel Gas Shuriken entered into an agreement to sell the vessel to a third party. The delivery of the vessel is expected to take place in January 2025. On November 4, 2024, the debt facility on the vessels Gas Shuriken and Gas Defiance, owned through a joint venture, matured and was paid off. Immediately following the debt repayment, the Company also acquired full control of the vessel Gas Defiance purchasing it from its joint venture partner, as such the vessel going forward will be part of the Company’s fully owned fleet. CEO Harry Vafias Commented: Our Company had another quarter of high performance during the seasonally weaker summer months. We managed to increase revenues by 17% compared to last year even though there was a heavy drydock schedule during the third quarter that reduced our fleet’s utilization. So far this year we have announced record profits and with the market strengthening during the winter we are on track for another record year. There is continuing interest from charterers on period coverage and we now have contract coverage of 65% for 2025, securing approximately $100 million in revenues for next year. Particularly in Europe, where the majority of our fleet is located, period rates for pressurized vessels are at historical highs. Currently 25 vessels in our fleet are unencumbered. We have focused on our strategic goal of deleverage and as of the end of the third quarter we had $86 million in loans and $77 million in cash, a testament to the Company’s strong financial position. 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. Source: STEALTHGAS INC.Donald Trump nominates Ronald D. 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