Navigator Earnings Reports

Navigator Gas saw a decline in revenue, net income, and fleet utilization in Q2 2025, primarily impacted by temporary trade restrictions and lower TCE rates. The company responded with strategic fleet adjustments and expects improved utilization in Q3.

Navigator Gas reported a strong first quarter in 2025, with significant increases in total operating revenues, net income, and earnings per share compared to the same period last year. The company saw improved fleet utilization and average daily time charter equivalent rates, while also completing the acquisition of three vessels and addressing a going concern issue through a new financing facility.

Navigator Gas posted a total operating revenue of $144.03 million for Q4 2024, reflecting a 1.7% year-over-year increase. Net income rose to $21.59 million, with EPS at $0.31. Adjusted EPS stood at $0.39. Operating income improved to $35.17 million, driven by robust fleet utilization at 92.2%. The company also reported EBITDA of $68.02 million, with Adjusted EBITDA at $73.43 million.