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Navigator Holdings (NVGS)
NYSE:NVGS
Earnings Data
Report Date
May 26, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.32Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -2.62%
|Next Earnings Date:May 26, 2025
Earnings Call Sentiment|Positive
Navigator Holdings demonstrated strong financial performance with revenue growth, high vessel utilization, and successful bond issuance. However, challenges such as softer ethylene demand and geopolitical tensions present potential risks. The overall sentiment is slightly positive, with significant achievements outweighing the challenges.Company Guidance
During the Navigator Holdings conference call for the Fourth Quarter 2024, the company provided detailed guidance on various metrics. The company reported an increase in revenues by 2% year-over-year, with an adjusted EBITDA of $73.4 million for the quarter, surpassing the previous year's $72 million and the third quarter's $68 million. The balance sheet remained strong, despite a $50 million payment for terminal expansion and other debt repayments. The company issued $100 million in new unsecured bonds at 7.25% and maintained average TCE rates at $28,341 per day with utilization above 92%. Ethylene export terminal throughput was 159,000 tons, impacted by US cracker turnarounds, but the terminal expansion was completed on time and budget. The company also acquired three handysize ethylene carriers for $83.9 million and exercised options for two new mid-size ethylene carriers. Looking ahead, Navigator Holdings expects high vessel utilization and robust TCE rates in Q1 2025 and plans to continue its capital return through dividends and share buybacks.Revenue Growth and EBITDA Increase
Fourth quarter revenue increased by 2% year-over-year, with adjusted EBITDA reaching over $73 million, up from $72 million the previous year and $68 million in Q3.
Strong Balance Sheet and Cash Position
The company maintains a strong balance sheet with a robust cash position despite significant repayments, including a $50 million terminal expansion project installment.
Successful Bond Issuance
Issued $100 million of unsecured bonds at 7.25%, marking the tightest spread for a dollar-denominated shipping bond in the Nordic market since 2008.
High Vessel Utilization
Achieved over 92% vessel utilization in Q4, higher than both Q3 and the same period the previous year.
Ethylene Terminal Expansion Completed
The expansion was completed on time and on budget, increasing the terminal's capacity significantly.
Capital Return to Shareholders
Continued capital return with a $0.05 fixed dividend and share buyback totaling 25% of net income.
Additional Vessel Acquisitions
Acquired three handysize ethylene carriers for $83.9 million, expanding the fleet to support terminal operations.
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NVGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NVGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $13.74 | $13.82 | +0.58% |
| Nov 06, 2024 | $15.88 | $15.56 | -2.02% |
| Aug 14, 2024 | $15.77 | $16.15 | +2.41% |
| May 15, 2024 | $16.36 | $16.02 | -2.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Navigator Holdings (NVGS) report earnings?
Navigator Holdings (NVGS) is schdueled to report earning on May 26, 2025, TBA Not Confirmed.
What is Navigator Holdings (NVGS) earnings time?
Navigator Holdings (NVGS) earnings time is at May 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NVGS EPS forecast?
NVGS EPS forecast for the fiscal quarter 2025 (Q1) is 0.33.
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