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Navigator Holdings Ltd   (NVGS)
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Price: $14.9700 $0.14 0.944%
Day's High: $15.12 Week Perf: -0.66 %
Day's Low: $ 14.83 30 Day Perf: -0.2 %
Volume (M): 169 52 Wk High: $ 16.48
Volume (M$): $ 2,536 52 Wk Avg: $14.28
Open: $14.86 52 Wk Low: $12.32



 Market Capitalization (Millions $) 1,117
 Shares Outstanding (Millions) 75
 Employees 37
 Revenues (TTM) (Millions $) 551
 Net Income (TTM) (Millions $) 87
 Cash Flow (TTM) (Millions $) 5
 Capital Exp. (TTM) (Millions $) 0

Navigator Holdings Ltd

We are the owner and operator of the world’s largest fleet of handysize liquefied gas carriers. We provide international and regional seaborne transportation services of liquefied petroleum gas, or “LPG,” petrochemical gases and ammonia for energy companies, industrial users and commodity traders. These gases are transported in liquefied form, by applying cooling and/or pressure, reduce volume by up to 900 times depending on the cargo, making their transportation more efficient and economical. Vessels in our fleet are capable of loading, discharging and carrying cargoes across a range of temperatures from ambient to minus 104° Celsius and pressures from 1 bar to 6.4 bar.

Our fleet consists of 38 vessels, including eight newbuilding vessels. We define handysize as liquefied gas carriers between 15,000 and 24,999 cbm, including three of our newbuilding vessels. Our handysize liquefied gas carriers can accommodate medium- and long-haul routes that may be uneconomical for smaller vessels and can call at ports that are unable to support larger vessels due to limited onshore capacity, absence of fully-refrigerated loading infrastructure and/or vessel size restrictions.

We carry LPG for major international energy companies, state-owned utilities and reputable commodities traders. LPG, which consists of propane and butane, is a relatively clean alternative energy source with more than 1,000 applications, including as a heating, cooking and transportation fuel and as a petrochemical and refinery feedstock. LPG is a by-product of oil refining and gas extraction, the availability of which has historically been limited by the flaring of natural gas at the wellhead.


We also carry petrochemical gases for numerous industrial users. Petrochemical gases, including ethylene, propylene, butadiene and vinyl chloride monomer, are derived from the cracking of petroleum feedstock’s such as ethane, LPG and naphtha and are primarily used as raw materials in various industrial processes, like the manufacture of plastics, vinyl and rubber, with a wide application of end uses.


Our vessels also carry ammonia for both ammonia traders and producers of fertilizers, a main use of ammonia for the agricultural industry.

Capitalize on the increasing demand for seaborne transportation of LPG and petrochemicals, including U.S. ethane and ethylene. We intend to use our vessels to further pursue the anticipated increases in liquefied gas transportation opportunities globally, and in particular, LPG and ethane and ethylene that we expect will result directly and indirectly from the growth in U.S. shale oil and gas production and associated liquids.

Maintain a flexible, customer-driven chartering strategy. We will seek to enhance our returns through a flexible vessel employment strategy that combines a base of time charters and COAs with more opportunistic, high-rate voyage charters. In addition, we will seek to further strengthen our relationships with existing customers and expand our client base by providing companies with liquefied gas transportation solutions in the form and duration they require.

Capitalize on backhaul and triangulation opportunities in the petrochemical market. We believe that the versatility of our fleet, in particular our ethylene-capable and semi-refrigerated vessels, enhances our ability to pursue current and emerging backhaul and triangulation opportunities as new trade routes develop, thereby maximizing utilization and enhancing profitability. To further capitalize on such opportunities, we are seeking to expand our leading ethylene-capable liquefied gas carrier position through the acquisition of our six semi-refrigerated newbuildings, four of which will be midsize ethylene-capable vessels. This represents an upsizing from our strategy of owning and operating only handysize liquefied gas carriers. We intend to seek opportunities to improve our financial results and maximize the utilization of our vessels by transporting both LPG and petrochemicals during vessel repositioning voyages and between time charters.

Maintain reputation for operational excellence. We believe we have established a track record in the industry of operational excellence based on our significant experience in the operation and ownership of high-specification liquefied gas carriers. We will endeavor to adhere to the highest standards with regard to reliability, safety and operational excellence.

Selectively grow and expand our operations. We intend to maintain our market position by growing our fleet through newbuildings and selective acquisitions of modern, high-quality vessels, as well as opportunistically expanding our business through the investment in complementary assets, including ventures that expand the types of cargo we carry and/or involve receiving, storing, partially mixing and distributing liquefied gas cargoes, should such opportunities arise.

Maintain a strong balance sheet with moderate leverage. We will seek to maintain modest leverage in the future by financing our growth with a balanced mix of cash from operations, debt financings and proceeds from future equity offerings. Notwithstanding the foregoing, based on prevailing conditions and our outlook for the liquefied gas carrier market, we are likely to consider incurring further indebtedness in the future.



   Company Address: 10 Bressenden Place, London, 0
   Company Phone Number: 7340 4850   Stock Exchange / Ticker: NYSE NVGS
   


Customers Net Income fell by NVGS's Customers Net Profit Margin grew to

-11.02 %

6.82 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ASC        0.57% 
LPG        1.89% 
SFL        0.47% 
TK      0% 
TNP   -1.63%    
TOPS   -2.08%    
• View Complete Report
   



Product Service News

Navigator Gas Enhances Liquefied Gas Industry with Successful Ammonia Ship-to-Ship Transfer amidst Stellar Financial Performance

Published Tue, Apr 9 2024 1:20 PM UTC

Overturning industry norms and leading the way forward, Navigator Gas, the world?s largest operator of handysize liquefied gas carriers, has accomplished a milestone achievement. This trailblazing company, part of the broader Navigator Holdings Ltd., has successfully completed its initial ship-to-ship transfer of ammonia on April 3, 2024. This remarkable feat enhances the co...

Navigator Holdings Ltd

2 Impressive Growth at Navigator Holdings Ltd: A Standout Performance in the Marine Transportation Sector

In recent financial news, Navigator Holdings Ltd, a Marine Transportation company, has shown impressive performance in the fiscal period ending December 31, 2023. The company reported revenue of $550.74 million, marking a 16.24% increase year on year. Net income also saw a significant jump, increasing by 59.42% to $86.87 million compared to the previous year.
The company's performance stands out in the Marine Transportation sector, as many of its peers have experienced revenue contractions during the same period. Navigator Holdings Ltd's strong financial results can be attributed to improving profit margins, with net margin rising to 15.77% and operating margin increasing to 24.92%.

Earnings announcement

Yara and Navigator Holdings Lead Investment to Pave the Way for World's First Ammonia Bunkering Solution

Published Wed, Oct 25 2023 12:20 PM UTC


With a combined investment of 5.4 million EUR (approximately 5.7 million USD), Yara Growth Ventures and Navigator Holdings Ltd. have taken the lead in funding Azane Fuel Solutions AS, an ammonia bunkering startup. This investment will enable the construction of the first of 15 bunkering units, marking a significant milestone in the realization of the world's first ammon...






 

Navigator Holdings Ltd's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Navigator Holdings Ltd does not provide revenue guidance.

Earnings Outlook
Navigator Holdings Ltd does not provide earnings estimates.

 
Geographic Revenue Dispersion




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