StealthGas is a Greek-based shipping company that owns and operates a fleet of LPG carriers, transporting propane, butane, and petrochemical gases that are byproducts of crude oil and natural gas production. StealthGas charters its vessels to LPG producers and energy traders, primarily on period time charters that provide revenue visibility. The company is externally managed by Stealth Maritime, a privately held ship management company controlled by the Vafias family, which handles commercial, technical, crewing, and administrative functions. StealthGas's core fleet consists of roughly 23 fully-pressurized small LPG carriers in the 3,500–7,500 cbm range, where StealthGas claims to be one of the largest single owners globally. The company has also expanded into larger semi-refrigerated Handysize vessels (~22,000 cbm) and medium gas carriers (~40,000 cbm) that serve intercontinental routes. StealthGas deliberately concentrates its fleet in Europe and the Mediterranean, where charter rates are higher due to stricter safety and environmental standards that favor newer, higher-quality vessels. Revenue is driven by fleet utilization, daily charter rates, and charter mix. A notable feature of StealthGas's current financial profile is its debt-free balance sheet, achieved after repaying approximately $350M in debt between 2023 and mid-2025. With no bank debt, StealthGas's capital allocation focus has shifted to fleet renewal and share buybacks.