StealthGas CEO Discusses Q2 2010 Results - Earnings Call Transcript

StealthGas (GASS)

Q2 2010 Earnings Call

August 23, 2010 11:00 a.m. ET

Executives

Harry Vafias – President and CEO

Andrew Simmons – CFO

Analysts

Natasha Boyden – Cantor Fitzgerald

Jeff Geygan - Milwaukee Private Wealth Management

Jason Selch - Providence Capital

Sean Milligan - Johnson & Rice

Presentation

Operator

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Previous Statements by GASS
» StealthGas Inc. Q1 2010 Earnings Call Transcript
» StealthGas Inc. Q4 2009 Earnings Call Transcript
» StealthGas Inc. Q3 2009 Earnings Call Transcript

Good day and welcome to the StealthGas Inc. second quarter and first six months 2010 financial results conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to your host today, Mr. Harry Vafias, president and chief executive officer. Please go ahead sir.

Harry Vafias

Thank you and good morning everyone. Welcome to our conference call and web cast to discuss the results for the second quarter and six months ended June 30, 2010. I'm Harry Vafias, CEO of StealthGas, and I would like to remind you please that we'll be discussing forward-looking statements in today's conference call and presentation. Regarding the Safe Harbor language, I would like to refer you to slide number one of this presentation, as well as to our press release on our second quarter and six months 2010 results. With me today is Andrew Simmons, our CFO. If you need any further info on the conference call or the presentation, please contact Andrew or myself.

Slide number two. Our primary objective continues to run a highly efficient and modern fleet on secure employment contracts with first class charters that serve a very specific niche market. Our core LPG fleet has no correlation whatsoever to most other shipping sectors, so we continue to be both disappointed and surprised that our stock seems to continue to trade in tandem with the share movements of companies whose vessels trade in sectors completely unrelated to ours.