Navigator Hldgs Ltd Stock Price, News & Analysis

Navigator Gas (NYSE: NVGS) reported strong Q1 2025 financial results with total operating revenues of $151.4M, up from $134.2M in Q1 2024. Net income reached $27.0M ($0.39 per share), compared to $22.6M in Q1 2024. The company declared a $0.05 per share dividend and announced a new $50M share repurchase program. Fleet performance improved with average TCE rates of $30,476 and 92.4% utilization. The company completed significant financing activities, including a new $300M facility and a $40M bond tap issue. Navigator also acquired three ethylene-capable vessels and sold Navigator Venus for $17.5M. The Ethylene Export Terminal's expansion was completed, increasing capacity to 1.55M tons annually, though Q1 throughput was lower at 85,553 metric tons due to market conditions.

Navigator Gas (NYSE: NVGS), the owner and operator of the world's largest fleet of handysize liquefied gas carriers, has announced its 2025 Annual Meeting scheduled for June 16, 2025, at 09:00 A.M. The meeting will be held at Baker Botts LLP offices in New York. Shareholders with voting rights as of the May 5, 2025 record date will vote on two main items: the election of Board of Directors members and the ratification of PricewaterhouseCoopers LLP as the company's independent auditor. The company has also filed its 2024 Form 20-F with the SEC, which is available on both the SEC website and Navigator Gas's website. Shareholders can request hard copies of the annual report free of charge.

Navigator Gas (NYSE: NVGS), the world's largest handysize liquefied gas carrier fleet operator, announced a change to its Board of Directors. Yngvil Åsheim, who joined the Board in June 2023 as a BW Group Limited designee, will resign effective June 16, 2025. Åsheim served on the Company's Compensation and ESG Committees during her tenure. Following her departure, the Board's size will decrease from seven to six members. The Company's Non-Executive Chairman, Dag von Appen, acknowledged Åsheim's contributions and maritime industry expertise over her two-year service.

Navigator Gas (NYSE: NVGS), the world's largest handysize liquefied gas carrier fleet operator, has released its 2024 Sustainability Report. The report highlights the company's key sustainability initiatives including: significant investments in energy efficiency technologies like anti-fouling hull coatings and propeller boss cap fins, partnerships with Azane Fuel Solutions and Ten08 for blue ammonia projects, and CO2 transportation initiatives. The company is expanding its Morgan's Point Terminal with plans to implement cold ironing capabilities. Navigator Gas maintains strong financial performance while investing in low-carbon infrastructure and focusing on improving gender balance, staff development, and maintaining high business integrity standards. CEO Mads Peter Zacho emphasized sustainability as integral to the company's long-term strategy and highlighted the opportunities presented by the energy transition.

Navigator Gas (NYSE: NVGS) has secured a $300 million senior secured term loan and revolving credit facility through its subsidiaries. The facility, arranged with multiple major banks including Nordea Bank and Danish Ship Finance, will be available until June 30, 2025. The funds will be used to refinance existing debt, including a $143.4 million loan due September 2025 and a $14.7 million loan maturing May 2027, with remaining funds available for general corporate purposes.

The new facility has a six-year tenor maturing in 2031 with interest at SOFR plus 170 basis points quarterly. The agreement is secured by eight company vessels and contains specific conditions, covenants, and default terms. CEO Mads Peter Zacho highlighted this as a key milestone, noting the record low margin demonstrates strong banking partner confidence despite global economic uncertainty.

Navigator Gas (NYSE: NVGS), the world's largest handysize liquefied gas carrier fleet operator, has scheduled its Q1 2025 financial results announcement. The company will release its results for the quarter ending March 31, 2025, after New York market hours on Wednesday, May 14, 2025.

A Zoom conference call and slide presentation will follow on Thursday, May 15, 2025, at 10:00 A.M. EDT, where management will discuss the financial performance. Participants can join through:

• Zoom registration link provided
• US dial-in: +1 929 436 2866
• UK dial-in: +44 330 088 5830

The presentation materials and conference recording will be available for replay on the company's website under the Investors Centre section, specifically in Financials and Quarterly Results.

Navigator Gas (NYSE: NVGS) has successfully completed a US$40 million tap issue in the Nordic bond market on March 28, 2025. The tap issue was executed under the company's existing 7.25% senior unsecured bond issue, which matures in October 2029. The bonds were priced at par value, with ISIN NO0013379446.

The total borrowing limit under the bonds is US$200 million, with US$60 million in borrowing capacity remaining available after this tap issue. The net proceeds will be utilized for general corporate purposes in accordance with the bond terms. Arctic Securities and DNB Markets served as Joint Global Coordinators and Joint Bookrunners, while Clarksons Securities and Fearnley Securities acted as Joint Bookrunners in the bond tap issue.

Navigator Gas (NYSE: NVGS), the leading owner and operator of the world's largest handysize liquefied gas carrier fleet, has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. The report is now accessible through the company's website under the Investors Centre section, and shareholders can request physical copies at no cost.

Navigator Gas (NYSE: NVGS) has completed the acquisition of three 17,000 cubic meter handysize ethylene carriers, strengthening its position as the world's largest handysize liquefied gas carrier fleet operator. The acquisition was initially announced on January 7, 2025, to support increased export capacity from the company's Export Terminal Joint Venture.

The three vessels have been renamed as follows:

• Navigator Hyperion - delivered February 19, 2025 (currently on charter)
• Navigator Titan - delivered February 24, 2025 (expected to operate in spot market)
• Navigator Vesta - delivered March 17, 2025 (expected to operate in spot market)