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 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)
Navigator Holdings (NYSE: NVGS) has issued a correction to its March 12, 2025 press release regarding the record date for the Q4 2024 cash dividend. The company's Board declared a quarterly dividend of $0.05 per share under its Return of Capital policy. The corrected record date is set for March 24, 2025 (previously stated as March 23) at the close of business U.S. Eastern Time. The dividend payment date remains unchanged at April 3, 2025.
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.
