Core Points - Navigator Holdings Ltd. will release its financial results for the three and twelve months ended December 31, 2024, on March 12, 2025, before market opening in New York [1] - A Zoom conference call and slide presentation will be held on the same day at 10:00 A.M. E.D.T. to discuss the financial results [2] Company Overview - Navigator Holdings Ltd. operates the world's largest fleet of handysize liquefied gas carriers and is a leader in seaborne transportation services for petrochemical gases, including ethylene, ethane, liquefied petroleum gas (LPG), and ammonia [4] - The company owns a 50% share in an ethylene export marine terminal at Morgan's Point, Texas, and its fleet consists of 58 semi- or fully-refrigerated liquefied gas carriers, with 27 capable of transporting ethylene and ethane [4] - Navigator Gas plays a crucial role in the liquefied gas supply chain, providing efficient and reliable transportation services that connect energy companies, industrial consumers, and commodity traders [4]

Core Viewpoint - Navigator Holdings Ltd. has completed the acquisition of the first of three handysize liquefied ethylene gas carriers to enhance its export capacity and support its ethylene export terminal expansion [1][2]. Group 1: Acquisition Details - The first vessel acquired is a German-built liquefied ethylene gas carrier with a capacity of 17,000 cubic meters, renamed Navigator Hyperion [2]. - The remaining two vessels are expected to be delivered between February and May 2025, and all three vessels will operate in the spot market shortly after delivery [2]. Group 2: Financing - The acquisition will be financed using cash on hand and proceeds from a facility agreement with Nordea Bank Abp, which was established on February 7, 2025 [3]. - The obligations under the facility agreement are guaranteed by Navigator Holdings Ltd. and secured by the three vessels [3]. Group 3: Company Overview - Navigator Holdings Ltd. operates the world's largest fleet of handysize liquefied gas carriers and is a leader in the transportation of petrochemical gases, including ethylene, ethane, liquefied petroleum gas (LPG), and ammonia [4]. - Following the completion of the acquisition, the company's fleet will consist of 59 semi- or fully-refrigerated liquefied gas carriers, with 28 capable of transporting ethylene and ethane [4]. - The company plays a crucial role in the liquefied gas supply chain, providing efficient transportation solutions for energy companies, industrial consumers, and commodity traders [4].

Expansion Project - The Expansion Project of the ethylene export terminal joint venture at Morgan's Point, Houston, was completed on time in late-December 2024 and within budget [2] - The project is expected to increase ethylene export capacity by at least 550,000 tons to 1.55 million tons per year starting in 2025, with potential to reach 3.2 million tons per year in the coming years [2] - The instantaneous ethylene refrigeration capacity at Morgan's Point will triple from 125 tons per hour to 375 tons per hour, providing increased flexibility for customers [2] - The expanded capacity will utilize the existing 30,000 ton refrigerated tank, maintaining a loading rate of 1,000 tons per hour [2] - The Joint Venture has signed an increased and extended offtake agreement with its largest offtaker, with additional volumes starting in Q1 2025 [2] Fleet Expansion - Navigator Gas has agreed to acquire three handysize ethylene carriers with a total purchase price of US$ 83.9 million [1] - The vessels, each with a capacity of 17,000 cubic meters, are expected to be delivered between February and May 2025 [3][4] - The acquisitions will be financed through a combination of cash on hand and new debt, with no new capital issuance planned [4] - Upon completion of the transaction, Navigator Gas will own and operate a fleet of 59 vessels, 28 of which will be ethylene and ethane capable [5] Strategic Outlook - The CEO of Navigator Gas highlighted that future demand for competitively priced US ethane and ethylene is expected to continue growing [6] - The expansion of the ethylene export terminal and the addition of three handysize ethylene carriers are seen as key capabilities to meet this growing demand [6] - The investments are expected to be accretive to earnings starting in 2025 and beyond [6] Company Overview - Navigator Gas is the owner and operator of the world's largest fleet of handysize liquefied gas carriers [7] - The company specializes in the seaborne transportation of petrochemical gases, including ethylene, ethane, LPG, and ammonia [7] - Navigator Gas owns a 50% share in an ethylene export marine terminal at Morgan's Point, Texas, through a joint venture [7] - The company plays a vital role in the liquefied gas supply chain, connecting energy companies, industrial consumers, and commodity traders [7]

Core Viewpoint - Navigator Holdings Ltd. has successfully completed the expansion of its ethylene export terminal joint venture, enhancing its capacity to meet growing demand for ethylene and ethane exports [1][2][6]. Expansion Project - The Expansion Project at Morgan's Point was completed on time and within budget by late December 2024 [2]. - The project is expected to increase ethylene export capacity by at least 550,000 tons to a total of 1.55 million tons per year starting in 2025, with potential growth to 3.2 million tons per year in the future [2]. - The instantaneous ethylene refrigeration capacity will triple from 125 tons per hour to 375 tons per hour, allowing for greater flexibility and potential for additional capacity based on demand [2]. - The existing 30,000 ton refrigerated tank will continue to facilitate loading vessels at a rate of 1,000 tons per hour [2]. - An increased and extended offtake agreement has been signed with the largest offtaker, with additional volumes expected to start in Q1 2025 [2]. Acquisition of Ethylene Carriers - The company has agreed to acquire three handysize ethylene carriers for a total price of $83.9 million, which will support the expansion project [1][3]. - The vessels, with a capacity of 17,000 cubic meters each, are expected to be delivered between February and May 2025 and will operate in the spot market shortly after delivery [4]. - The acquisition will be financed through a combination of cash on hand and new debt, without issuing new capital [4]. Fleet Expansion - Following the acquisition, Navigator Gas will operate a fleet of 59 vessels, with 28 being capable of transporting ethylene and ethane [5]. - The company plays a crucial role in the liquefied gas supply chain, connecting energy companies, industrial consumers, and commodity traders [7]. Market Outlook - The CEO of Navigator Gas anticipates that demand for competitively priced US ethane and ethylene will continue to rise in the coming years, positioning the company to benefit from its expanded capabilities and infrastructure [6]. - The investments made are expected to be accretive to earnings in 2025 and beyond [6].

LONDON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, has today exercised its previously announced option to construct two further 48,500 cubic meter capacity liquefied ethylene gas carriers (the “Newbuild Vessels”) with Jiangnan Shipyard (Group) Co., Ltd. and China Shipbuilding Trading Co., Ltd., (together, the “Sellers”) in China. The New ...

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Navigator Holdings (NVGS) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.71%. A quarter ago, it was expected that this transportaion company for the natural gas and and chemical industry would post earnings of $0.32 per share when it actually produced earnings of $0.34, deliverin ...

LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as "Navigator Gas" or the "Company") (NYSE: NVGS), the owner and operator of the world's largest fleet of handysize liquefied gas carriers, announces today that it will release its results for the three months ended September 30, 2024, after markets close in New York, on Wednesday, November 6, 2024. The next day, Thursday, November 7, 2024, at 10:00 A.M. E.T., the Company's management team will host a Zoom conference call an ...

LONDON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as "Navigator Gas" or the "Company") (NYSE: NVGS), the owner and operator of the world's largest fleet of handysize liquefied gas carriers, announces that today, it has successfully placed USD 100 million of new senior unsecured bonds in the Nordic bond market. The new bonds are due to mature in October 2029 and will pay a fixed coupon of 7.25% per annum, payable semi-annually in arrears. In connection with the issue, Naviga ...

Third Party-Validated Water Solutions Sustainability Navigator Compares Technology Scenarios for Carbon Emissions, Waste & Wastewater Generated, Chemical and Land Requirements WILMINGTON, Del., Sept. 25, 2024 /PRNewswire/ -- DuPont today introduced the Water Solutions Sustainability Navigator, the first digital tool designed to help users estimate key sustainability indicators when using various water treatment technologies—whether from DuPont or from other manufacturers. The Water Solutions Sustainability ...