StealthGas Inc. (NASDAQ:GASS) Q2 2023 Earnings Call Transcript

Tate Sullivan: Okay. And then, do you — can you share the current number of shares outstanding or after the repurchases — or maybe can you do that in the future?

Harry Vafias: It’s whatever it was minus 1.1 million shares that we have bought back.

Tate Sullivan: Okay. Yes. Just you report the diluted shares. Okay. And then when would you look to start book contracts for the newbuilds for the ships under construction? Is that something that you do well ahead of delivery, or how does it usually work in LPG industry, please?

Harry Vafias: It all depends on the numbers. If we see good numbers in advance, we book; if we don’t, we wait. Normally, we book 30 to 60 days prior to delivery.

Tate Sullivan: Great. Okay. All right. That’s — and then you mentioned you already have $70 million of financing for the newbuilds. And did I hear you right that the — two ships for $35 million. Is that…?

Harry Vafias: Yes.

Tate Sullivan: Okay. Thank you very much.

Harry Vafias: Thank you, Tate.

Operator: There are no further questions at this time. I would like to hand back over to management for final remarks.

Harry Vafias: We’d like to thank you all for joining us today for our conference call and for your interest and trust in our company, and we look forward to having you again with us for the third quarter results in November. Thank you.

Operator: That does conclude our conference for today. Thank you for participating. You may now disconnect.