Navigator Gas posts record EBITDA, net income rise and declares dividend after vessel sale
Navigator Gas reported third‑quarter 2026 revenue of $155 million and net income of $78.3 million, driven by a $48 million profit on the sale of eight Unigas vessels for about $183 million. Adjusted earnings per share came in at $0.42, missing the $0.55 Wall Street forecast, while basic EPS was $1.28. The board declared a $0.08 per‑share dividend and plans to repurchase roughly $22.6 million of stock, together returning about 35 % of net income to shareholders.
Why it matters
The dividend and share‑repurchase program return cash to investors, amounting to roughly 35 % of quarterly net income. Debt was cut by $157.8 million to $762.6 million, strengthening the balance sheet.
Key facts
- 1Total operating revenue was $155 million for the quarter. investing.com
- 2Net income attributable to stockholders was $78.3 million, up from $33.2 million a year earlier. investing.com
- 3Adjusted earnings per share was $0.42, missing the $0.55 forecast by 25 %. investing.com
- 4Basic earnings per share was $1.28. hellenicshippingnews.com
- 5The company sold eight vessels for approximately $183 million, generating about $70 million of profit. finance.yahoo.com
- 6Dividend of $0.08 per share was declared, expected to total about $4.9 million. hellenicshippingnews.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.