It earned $1.6m in the three months to the close of September, compared with $4.1m in the same period last year.
Quarterly earnings per share were $0.04, missing the consensus of $0.14 and down from $0.13 in the corresponding period.
Revenue was up 5% to $31.2m, primarily due to a higher number of vessels this time around.
StealthGas’ expanding strategy will see it add 17 more ships by 2017.
Harry