Earnings ·
Navigator Holdings Ltd. reported net income attributable to stockholders of $53.0 million for the quarter ended June…
NVGSNavigator Holdings Ltd.
Navigator Holdings Ltd. reported net income attributable to stockholders of $53.0 million for the quarter ended June 30, 2026, up from $21.5 million in the prior year period. Operating revenues increased 29.5% to $167.9 million, driven by elevated freight rates and robust vessel utilization of 90.8%. The Board declared a quarterly cash dividend of $0.07 per share, payable September 1, 2026, to shareholders of record as of August 19, 2026. Additionally, the Company announced definitive agreements on July 13, 2026, to sell eight gas carriers and its stake in Unigas International B.V. for approximately $183.0 million, expecting a profit between $66.0 million and $69.0 million upon completion in Q4 2026. The company also secured financing for newbuild ammonia and ethylene vessels. Navigator Holdings Ltd. operates as an international owner and operator of liquefied gas carriers.