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Navigator Holdings Ltd (NVGS)
:NVGS
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Earnings Data
Report Date
Apr 02, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.38Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: 2.95%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with significant achievements in revenue growth, bond issuance, and future expansion plans. Despite some challenges from lower adjusted EBITDA and hurricane impacts, the company maintains a strong financial position and is optimistic about future performance.Company Guidance
During the Navigator Holdings earnings call for Q3 2024, the executives provided guidance reflecting a positive outlook despite some challenges. The company reported a 3% increase in revenue, driven by higher TCE rates, although adjusted EBITDA slightly decreased to $68 million compared to $72 million in the same quarter last year. The average Q3 TCE rate was over $29,000, marking an 11% increase year-over-year, with vessel utilization above 90%. The balance sheet remains strong with $127 million in cash and equivalents, supported by $100 million in new unsecured bonds issued at a 7.25% coupon. Despite disruptions from Hurricane Beryl, the Ethylene Export Terminal throughput is expected to return to near nameplate capacity in Q4. Looking ahead, the company anticipates higher vessel utilization and renewed time charters at increased rates, supported by limited newbuild supply and aging fleets. Additionally, Navigator is expanding its Ethylene Terminal, set for completion in December 2024, and exploring opportunities in CO2 and clean ammonia transportation. The company also highlighted improved ESG rankings, reflecting its commitment to governance and transparency.Revenue Growth and Strong Balance Sheet
Revenue increased by 3% compared to the same period last year, driven by higher TCE rates. The balance sheet remains strong with a robust cash position, even after debt repayments and capital deployment into the Ethylene Terminal expansion.
Commercial Performance and Future Outlook
Achieved an average Q3 TCE rate of just over $29,000, 11% higher than the same period last year. Utilization was above 90%, with expectations for higher vessel utilization in Q4. The Ethylene Terminal expansion is on track for completion in Q4 2024.
Environmental and Corporate Governance Achievements
Ranked third in the Webber Research ESG scorecard among 64 listed companies, highlighting strong corporate governance.
Successful Bond Issuance
Issued $100 million of new unsecured bonds at 7.25%, with the tightest spread of any dollar-denominated shipping bond issue in the Nordic market since 2008.
Return of Capital to Shareholders
Continued return of capital with a $0.05 fixed dividend and share buyback, totaling 25% of net income. Planned additional share repurchases by quarter-end.
Newbuild Orders and Future Expansion
Ordered two new 48,500 cubic meter capacity liquefied ethylene gas carriers with delivery in early and mid-2027, supporting Ethylene Terminal expansion.
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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 |
|---|---|---|---|
| Nov 06, 2024 | $15.94 | $15.62 | -2.01% |
| Aug 14, 2024 | $15.82 | $16.21 | +2.47% |
| May 15, 2024 | $16.42 | $16.08 | -2.07% |
| Mar 13, 2024 | $15.27 | $15.42 | +0.98% |
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 Ltd (NVGS) report earnings?
Navigator Holdings Ltd (NVGS) is schdueled to report earning on Apr 02, 2025, TBA Not Confirmed.
What is Navigator Holdings Ltd (NVGS) earnings time?
Navigator Holdings Ltd (NVGS) earnings time is at Apr 02, 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 2024 (Q4) is 0.38.
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