Navigator Holdings Ltd

NYSE:NVGSUnited States

May 15, 2024

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• Navigator Gas Q1 EPS Rises, Revenue Slips, from 5:14PM ET on Wednesday May 15, 2024 by MT Newswires

  5:14PM ET on Wednesday May 15, 2024 by MT Newswires
  Companies Mentioned: NVGS
  05:14 PM EDT, 05/15/2024 (MT Newswires) -- Navigator Gas (NVGS) late Wednesday reported Q1 net income of $0.31 per diluted share, compared with $0.25 a year earlier. A single analyst expected $0.29 in a Capital IQ poll. Total operating revenue for ...

• -- Earnings Flash (NVGS) NAVIGATOR HOLDINGS Reports Q1 Revenue $134.2M, vs. Street Est of $118.7M, from 4:17PM ET on Wednesday May 15, 2024 by MT Newswires

  4:17PM ET on Wednesday May 15, 2024 by MT Newswires
  Companies Mentioned: NVGS
  04:17 PM EDT, 05/15/2024 (MT Newswires) -- ...

• Navigator Gas First Quarter 2024 Results, from 4:15PM ET on Wednesday May 15, 2024 by GlobeNewswire

  4:15PM ET on Wednesday May 15, 2024 by GlobeNewswire
  Companies Mentioned: NVGS

• Navigator Gas First Quarter 2024 Results, from 4:15PM ET on Wednesday May 15, 2024 by Dow Jones

  4:15PM ET on Wednesday May 15, 2024 by Dow Jones
  Companies Mentioned: NVGS
  
  Navigator Gas First Quarter 2024 Results
  
  LONDON, May 15, 2024 (GLOBE NEWSWIRE) --
  
  Financial Highlights
  -- On May 14, 2024, the Board of Navigator Holdings Ltd. (NYSE: NVGS) declared a cash dividend of $0.05 per share for the quarter ended March 31, 2024, (the "Dividend") under the Company's Return of Capital policy. The Dividend will be payable on June 25, 2024, to all shareholders of record as of the close of business U.S. E.D.T. on June 4, 2024. -- Also as part of the Company's Return of Capital policy for the quarter ended March 31, 2024, the Company expects to repurchase approximately $2.0 million of common stock between May 16, 2024, and June 30, 2024, subject to operating needs, market conditions, and other circumstances, such that the Dividend and share repurchases together equal 25% of net income for the quarter ended March 31, 2024. -- The Company repurchased 52,630 shares of common stock during the quarter ended March 31, 2024, at an average price of $15.20 per share. -- The Company reported total operating revenue of $134.2 million for the three months ended March 31, 2024, compared to $136.0 million for the three months ended March 31, 2023. -- Net Income attributable to stockholders' of the Company was $22.6 million for the three months ended March 31, 2024, compared to $18.8 million for the three months ended March 31, 2023. -- Basic earnings per share was $0.31 for the three months ended March 31, 2024, compared to $0.25 per share for the three months ended March 31, 2023. Basic earnings per share adjusted to exclude realized and unrealized gains or losses on non-designated derivative instruments of $0.4 million and $4.3 million for the quarters ended March 31, 2024 and 2023 respectively, was $0.31 per share for the three months ended March 31, 2024, compared to $0.30 per share for the three months ended March 31, 2023. -- EBITDA1 was $73.7 million for the three months ended March 31, 2024, compared to $64.6 million for the three months ended March 31, 2023. Adjusted EBITDA1 was $74.1 million for the three months ended March 31, 2024, compared to $69.0 million for the three months ended March 31, 2023. -- Debt reduced by $31.1 million to $862.1 million during the three months ended March 31, 2024, with cash, cash equivalents and restricted cash standing at $172.2 million as of March 31, 2024.