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 (NYSE: NVGS) has released preliminary Q4 2024 financial results, showing improved performance with total operating revenue of $144.0 million, up from $141.6 million in Q4 2023. Net income rose to $21.6 million from $17.8 million year-over-year, with basic EPS increasing to $0.31 from $0.24.
The company declared a $0.05 per share dividend for Q4 2024, payable April 3, 2025, and plans to repurchase approximately $1.9 million of common stock. The fleet maintained strong utilization at 92.2%, with average daily TCE of $28,341.
Key developments include: completion of the Terminal Expansion Project increasing ethylene export capacity to 1.55 million tons annually; orders for four new 48,500 cubic meter ethylene gas carriers worth $102.9 million each; acquisition of three 17,000 cubic meter ethylene-capable vessels; and issuance of $100 million in Senior Unsecured Bonds with 7.25% coupon maturing in October 2029.
Navigator Gas (NYSE: NVGS), the leading owner and operator of the world's largest handysize liquefied gas carrier fleet, has scheduled its Q4 and Full Year 2024 financial results announcement. The company will release its results for the three and twelve months ended December 31, 2024, before New York markets open on Wednesday, March 12, 2025.
Management will host a Zoom conference call and slide presentation on the same day at 10:00 A.M. E.D.T. to discuss the financial performance. The presentation materials and conference recording will be available for replay on Navigator Gas' website under the Investors Centre section.
Navigator Holdings (NYSE: NVGS) has completed the acquisition of the first of three handysize liquefied ethylene gas carriers. The acquired vessel, renamed Navigator Hyperion, is a German-built 17,000 cubic meter capacity carrier. The remaining two vessels are expected to be delivered between February and May 2025.
The acquisition is part of a previously announced Transaction on January 7, 2025, aimed at complementing increased export capacity from Navigator's Export Terminal Joint Venture. All three vessels are planned to operate in the spot market upon or shortly after delivery.
The Transaction is being financed through cash on hand and a Facility Agreement with Nordea Bank Abp, secured by the three vessels. According to CFO Gary Chapman, the competitively priced debt financing is expected to support the company's ethylene export terminal expansion and be accretive to earnings in 2025 and beyond.
Navigator Gas (NYSE: NVGS) has announced two major developments: the completion of its Morgan's Point ethylene export terminal expansion and the acquisition of three handysize liquefied ethylene gas carriers. The expansion project, completed on time and within budget in December 2024, will increase ethylene export capacity from 1 million to 1.55 million tons per year starting in 2025, with potential growth to 3.2 million tons annually. The project triples ethylene refrigeration capacity from 125 to 375 tons per hour.
The company has also agreed to acquire three German-built 17,000 cubic meter capacity vessels for $83.9 million, with deliveries expected between February and May 2025. The acquisition will be financed through cash and new debt, without issuing new capital. Following the transaction, Navigator's fleet will expand to 59 vessels, including 28 ethylene and ethane capable ships. The Joint Venture has secured an increased offtake agreement with its largest customer, with additional volumes starting in Q1 2025.
Navigator Gas (NYSE: NVGS) has exercised its option to construct two additional 48,500 cubic meter capacity liquefied ethylene gas carriers with Jiangnan Shipyard Group and China Shipbuilding Trading in China. These vessels match the specifications and cost of previously announced vessels from August 2024. The new carriers will be capable of transporting various gas products, including petrochemicals, ethylene, ethane, LPG, and clean ammonia. Delivery is scheduled for November 2027 and January 2028. This brings Navigator's total newbuilding program to four vessels, with three deliveries in 2027 and one in 2028.
Navigator Holdings (NYSE: NVGS) reported Q3 2024 financial results with total operating revenue of $141.8 million, up from $137.8 million in Q3 2023. Net income was $18.2 million, slightly down from $19.1 million year-over-year. The company declared a $0.05 per share dividend and plans to repurchase approximately $1.1 million of common stock. Fleet performance showed an average daily TCE of $29,079 with 90.9% utilization. The company reduced debt by $24.1 million to $801.6 million and maintained strong liquidity of $196.2 million.
Navigator Gas (NYSE: NVGS), the owner and operator of the world's largest fleet of handysize liquefied gas carriers, has scheduled its third quarter 2024 financial results release for November 6, 2024, after New York market close. The company will host a Zoom conference call and slide presentation to discuss the results on November 7, 2024, at 10:00 A.M. E.T. The presentation will be accessible via both web conference and phone dial-in, with replay materials available on the company's website under the Investors Centre section.
Navigator Holdings (NYSE: NVGS), operating as Navigator Gas, has successfully placed USD 100 million of new senior unsecured bonds in the Nordic bond market. These bonds are set to mature in October 2029 and will offer a fixed coupon of 7.25% per annum, payable semi-annually. Concurrently, the company has announced its decision to redeem the remaining portion of its existing USD 100 million senior unsecured bonds, which were due to mature in September 2025. This redemption will occur on November 1, 2024, at a price of 101.60% of par value plus accrued interest. The net proceeds from the new bond issue will be utilized for general corporate purposes.
Navigator Holdings (NYSE: NVGS), operating as Navigator Gas, has contracted to build two new 48,500 cubic meter capacity liquefied ethylene gas carriers with Jiangnan Shipyard and China Shipbuilding Trading Co. in China. The vessels, scheduled for delivery in March and July 2027, will cost an average of $102.9 million each. These ships will be capable of carrying various gas products, including complex petrochemicals, LPG, and clean ammonia. They will feature dual-fuel engines for ethane and be retrofit-ready for ammonia fuel. The company has also secured an option for two additional vessels of the same specification.
CEO Mads Peter Zacho emphasized that these vessels will strengthen the company's ethylene transportation capabilities while adapting to a low-carbon fuel landscape. Navigator Gas plans to finance the newbuilds with existing cash and new debt, expecting the investments to be earnings-accretive. The company aims to secure charters for the vessels before their delivery.
Navigator Holdings (NYSE: NVGS) reported its Q2 2024 results, highlighting key financial and operational developments:
- Declared a cash dividend of $0.05 per share for Q2 2024
- Plans to repurchase approximately $2.3 million of common stock
- Closed a secondary public offering of 7.0 million shares by BW Group
- Total operating revenue increased to $146.7 million, up from $135.3 million in Q2 2023
- Net income attributable to stockholders was $23.2 million
- EBITDA was $76.0 million, slightly down from $77.4 million in Q2 2023
- Adjusted EBITDA increased to $77.6 million from $69.3 million in Q2 2023
- Basic EPS was $0.32, compared to $0.36 in Q2 2023
- Reduced debt by $35.1 million to $826.2 million
- Total liquidity as of June 30, 2024, was $167.0 million
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