Navigator

Navigator reported record Q2 2026 results with net income of $53.0 million, EBITDA of $101.6 million and a record average TCE of $33,946 per day; fleet utilization improved to 90.8% and Morgan's Point terminal throughput hit a quarterly record of 374,278 tonnes. The company completed vessel sales and newbuild financing, expects roughly $129 million net cash from eight Unigas vessel sales, and reduced net debt to 2.2x LTM adjusted EBITDA. Management expects Q3 performance to moderate from Q2 records but remains positive on long-term demand driven by U.S. NGL production; the board will raise the fixed quarterly dividend to $0.08 per share while maintaining a 35% payout policy for capital returns. » Więcej na finance.yahoo.com

Navigator Holdings' joint venture Navigator Amon Shipping has taken a first‑lien secured loan of $121.8 million to finance the construction of two ammonia‑fueled liquefied gas tankers (51,350 m³). The financing was arranged by ING London, Société Générale and OCBC and covers up to 70% of the building costs; remaining payments will be made from JV funds. The vessels are being built by Nantong CIMC Sinopacific, with expected deliveries in May and September 2028. The facility runs for six years after delivery, bears interest at SOFR plus 1.35% and is secured by ship mortgages and guarantees. » Więcej na de.investing.com

Navigator Holdings reported a record net profit for Q1/2026 of $35.5 million ($0.55/share) and adjusted EBITDA of $65.9 million. Geopolitical upheaval in the Strait of Hormuz has shifted supply flows toward North America, boosting fleet utilization (April 95%) and driving throughput at the ethylene terminal Morgan’s Point to record levels. The company raised its capital return ratio to 35%, launched a new $50 million buyback program, maintains robust liquidity (about $360 million) and is reducing pro‑forma debt through planned vessel sales. Navigator expects higher TCE rates and further improved utilization in Q2 and is simultaneously investing in newbuilds to modernize the fleet. » Więcej na de.investing.com