Welcome to our dedicated page for Navigator Hldgs news (Ticker: NVGS), a resource for investors and traders seeking the latest updates and insights on Navigator Hldgs stock.
Navigator Holdings Ltd (NVGS), operator of the world's largest handysize liquefied gas carrier fleet, provides essential maritime transportation services for LPG, petrochemical gases, and ammonia. This page serves as the definitive source for verified company announcements and industry developments.
Access real-time updates including earnings reports, strategic partnerships, fleet expansions, and operational milestones. Investors and industry professionals will find timely disclosures about maritime logistics innovations, terminal operations, and market position updates.
Our curated collection features press releases, regulatory filings, and third-party analyses covering key operational areas: liquefied gas transportation trends, marine terminal developments, and energy supply chain dynamics. Content is rigorously verified to ensure compliance with financial reporting standards.
Bookmark this page for streamlined access to NVGS's evolving role in global energy logistics. Return regularly to track how the company's 50% stake in the Houston ethylene terminal and specialized fleet deployment impact maritime transportation markets.
Navigator Holdings Ltd. (NYSE: NVGS) announced a non-binding Letter of Intent to merge with Ultranav, combining fleets to enhance marine transport services. The merger will unite Navigator's and Ultragas' operations, totaling 56 vessels, and will involve the issuance of approximately 21.2 million shares and assuming $197 million in net debt. The combined entity is projected to have a net asset value of $1.3 billion. The merger is expected to enhance revenue and operational efficiencies, with a completion target by Q2 2021.
Navigator Holdings Ltd. (NYSE: NVGS) reported an operating revenue of $87.4 million for Q4 2020, up from $76.1 million in Q4 2019, marking a 14.9% increase. The annual revenue for 2020 reached $332.5 million, compared to $301.4 million in 2019. Despite a net loss of $0.4 million for the year, the company achieved net income of $3.4 million in Q4. Fleet utilization was 91.0% for Q4 2020. The Marine Export Terminal was operational with a commitment of 938,000 tons of ethylene annually. COVID-19 continues to pose challenges, impacting trade and operations.
Navigator Holdings Ltd. (NYSE: NVGS) will announce its Q4 and full-year 2020 results after market close on March 18, 2021. A conference call with management is scheduled for March 19, 2021 at 9:00 A.M. ET to discuss the financial results. Participants can join by dialing numbers specific to their location. An archived audio webcast will also be available through the Company's website. Navigator is a leader in the seaborne transportation of liquefied gases and operates the world's largest fleet of handysize carriers, contributing significantly to the global energy supply chain.
Navigator Holdings Ltd. (NYSE: NVGS) announced the conclusion of the sale of approximately 39.1% equity interest to BW Group Limited, which closed on December 22, 2020. Following this transaction, BW Group has entered into an Investor Rights Agreement, allowing it to designate two board members and establishing restrictions on acquiring additional shares until May 18, 2022. Additionally, Andreas Beroutsos joined the board as a BW Group appointee, while Hal Malone resigned, with no reported disagreements. Executive Chairman David Butters expressed confidence in Beroutsos's contributions.
WL Ross & Co. LLC has agreed to sell its approximately 39.1% equity interest in Navigator Holdings Ltd. (NYSE: NVGS) for $9.00 per share, representing a 9.4% premium to the company's 10-day volume-weighted average price as of December 14, 2020. This strategic move is backed by supportive remarks from both WL Ross and BW Group, highlighting the potential for Navigator's growth and strategic execution. Moelis & Company and Skadden, Arps, Slate, Meagher & Flom LLP advised WL Ross, while Cleary Gottlieb Steen & Hamilton LLP represented BW Group.
Navigator Holdings Ltd. reported $81.4 million in operating revenue for Q3 2020, up from $75.6 million in Q3 2019. The company achieved net income of $1.5 million, an improvement from a loss of $2.9 million last year. Adjusted EBITDA was $31.9 million, slightly lower than $29.5 million in Q3 2019, despite decreased fleet utilization at 78.8%. The company is experiencing disruptions from Hurricane Laura affecting throughput at its ethylene export terminal, but expects utilization to rise as market dynamics improve.
Navigator Holdings Ltd. (NYSE: NVGS) will announce its financial results for the three and nine months ending September 30, 2020 on November 12, 2020, after market close in New York. A conference call for discussion will be held on November 13, 2020, at 9:00 A.M. ET. Participants can join via a US Toll Free number or international dial-in numbers. An archived webcast will also be available on the company's website.
Navigator operates the world's largest fleet of handysize liquefied gas carriers, essential for transporting petrochemical gases.
Navigator Holdings Ltd. (NYSE: NVGS) reported a Q2 2020 operating revenue of $79.9 million, an increase from $73.6 million in Q2 2019. The company achieved a net income of $3.0 million or $0.05 per share, significantly improving from a net loss of $7.7 million in Q2 2019. Key factors included fleet utilization rising to 88.3% and an Adjusted EBITDA of $31.9 million. A new three-year charter for ethylene transport was secured at rates exceeding $30,000 per day. The ethylene terminal is expected to maintain profitability for the rest of the year.
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