Stokes Peter George Charles Andrew sold $101K of NVGS

Navigator Gas reported record Q2 earnings, with net income of $53M and EBITDA of $101.6M, driven by U.S. gas exports and longer trade routes. CEO Mads Peter Zacho highlighted strong demand for handysize vessels and ethane exports. The company plans to expand its fleet and invest in energy infrastructure, with a focus on ethane and ethylene. Navigator also announced a dividend increase and expects to return $306M to shareholders by year-end.

Navigator Holdings (NVGS) reported Q2 2026 net income of $53.0 million, or $0.86 per share, and record adjusted EBITDA of $86.4 million. Average TCE rose to $33,946/day and fleet utilization to 90.8%. The company agreed to divest its Unigas fleet for $183 million, expects a $65 million to $70 million gain, and set a 35% net income capital return policy.

Navigator Holdings (NYSE:NVGS) reported Q2 updates. Its 2026 all-in cash breakeven rose to $21,990 per vessel per day from $21,230, citing the pending sale of eight Unigas Pool vessels. Morgan’s Point ethylene terminal set a record 374,278 tonnes; Navigator’s equity income was $7.1m. It sold Navigator Pegasus for $30.5m and expects Unigas sales net proceeds about $129m and book gains $65m-$70m. Dividend $0.07/share; Q3 TCE and volumes expected to moderate.

Navigator Holdings reported Q2 2026 all-time records for net income, EBITDA and TCE rates, citing high utilization and Strait of Hormuz-related demand shifts. Morgan’s Point ethylene terminal hit 374,000 tons throughput. The company sold 8 Unigas Pool vessels for $183 million, expecting a $65–$70 million net book gain, and raised capital return to 35% of net income with a $0.08 dividend from Q3.

Navigator Holdings (NVGS) reported preliminary Q2 2026 results: EPS US$0.85 vs US$0.52 consensus, operating revenue US$139.64 million, and a US$0.07 cash dividend payable Sept. 1, 2026. The company plans a US$14.2 million share repurchase. It agreed to sell eight gas carriers and its Unigas stake for about US$183.0 million and secured up to US$121.8 million in vessel financing for ammonia-fuelled ships.

Navigator Gas said its subsidiaries entered financing for two newbuild handysize gas carriers under construction in China by Jiangnan Shipyard and China Shipbuilding Trading, with delivery expected in 2027. Navigator Gas L.L.C. secured a $164.64m pre-delivery bridge loan from BNP Paribas (up to 80% of instalments). On delivery, it will be refinanced into a $205.8m JOLCO sale-leaseback, its first such structure.