LONDON, June 30, 2025 (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 that the Company has been added to the broad-market Russell 3000 Index (the “Russell 3000”) and the small-cap Russell 2000 Index (the “Russell 2000”), effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution. The Russell 3000 ...

Core Viewpoint - Imperial Petroleum Inc. reported a decline in revenues and net income for Q1 2025 compared to Q1 2024, primarily due to decreased spot market tanker rates, but showed significant improvement in comparison to Q4 2024 [4][9]. Operational and Financial Highlights - Fleet operational utilization was 83.8% in Q1 2025, down from 86% in Q4 2024 and up from 80.6% in Q1 2024 [4]. - Revenues for Q1 2025 were $32.1 million, a decrease of 22.1% from $41.2 million in Q1 2024, attributed to stronger market rates in the previous year [4][28]. - Net income for Q1 2025 was $11.3 million, down from $16.7 million in Q1 2024, with an EPS of $0.32 compared to $0.56 in the same period last year [4][7]. - EBITDA for Q1 2025 was $14.7 million, with an adjusted EBITDA of $15.6 million [7][23]. - Cash and cash equivalents, including time deposits, totaled $227.4 million as of March 31, 2025, which is 167.5% higher than the current market capitalization of approximately $85 million [4][9]. Fleet and Employment - The company owns a total of 13 vessels with a combined capacity of 807,000 deadweight tons (dwt) and has contracted to acquire an additional six drybulk carriers, increasing the fleet to 19 vessels with a total capacity of 1.2 million dwt by mid-2025 [13][15]. - As of May 23, 2025, the fleet includes seven M.R. product tankers, two Suezmax tankers, and four Handysize drybulk carriers [13]. Cost and Expense Management - Voyage expenses decreased to $10.5 million in Q1 2025 from $13.5 million in Q1 2024, primarily due to increased time charter activity [4][28]. - Vessels' operating expenses increased to $7.1 million in Q1 2025 from $6.0 million in Q1 2024, attributed to an increase in fleet size [4][28]. - Drydocking costs were nil in Q1 2025, compared to $0.6 million in Q1 2024 [4]. Interest and Foreign Exchange - Interest income for Q1 2025 was $2.2 million, up from $1.0 million in Q1 2024, due to higher time deposits [7]. - The company reported a foreign exchange gain of $1.7 million in Q1 2025, compared to a loss of $0.8 million in Q1 2024 [7]. Management Commentary - The CEO expressed confidence in the company's growth trajectory, highlighting the expansion of the fleet and the achievement of a debt-free capital structure [9].

Highlights (in million USD, except LPS) Q1 2025Q1 2024Net Revenues $7.8$10.6Net Loss ($4.5)($1.3)Adjusted Net Loss1 ($4.4)($1.1)EBITDA1 <td style="padding-left: ...

Company Overview - Imperial Petroleum Inc. is a ship-owning company that provides petroleum products, crude oil, and drybulk seaborne transportation services [4] - The company owns a total of thirteen vessels, including seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, and one panamax drybulk carrier, with a total capacity of 807,000 deadweight tons (dwt) [4] - Imperial Petroleum has contracted to acquire an additional six drybulk carriers with an aggregate capacity of 387,000 dwt, which will increase the fleet to a total of 19 vessels [4] - The company's shares are listed on the Nasdaq Capital Market under the symbols "IMPP" for common stock and "IMPPP" for 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock [4] Upcoming Financial Results - The company will release its first quarter financial results for the period ended March 31, 2025, before the market opens in New York on May 23, 2025 [1] - A conference call will be hosted by the company's management on May 23, 2025, at 10:00 am ET to discuss the results and the company's operations and outlook [1]

Earnings Release: Thursday, May 22, 2025, Before Market Open in New York GLYFADA, Greece, May 19, 2025 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it will release its financial results for the first quarter ended March 31, 2025, prior to the open of the market in New York on Thursday, May 22, 2025. About United Maritime Corporation United Maritime Corporation is an international shipping company specializing in worldwide seaborne transport ...

ATHENS, Greece, May 15, 2025 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2025. OPERATIONAL AND FINANCIAL HIGHLIGHTS Our handysize dry bulk carriers are on time charters of short-term durations, producing steady cash flows, while our Aframax tanker operates in the spot market, currently achieving voyage char ...

Company Overview - C3is Inc. is a ship-owning company that provides seaborne transportation services to dry bulk and tanker charterers, including major national and private industrial users, commodity producers, and traders [3] - As of the end of Q1 2025, the company owns three Handysize dry bulk carriers and one Aframax oil tanker, with a total capacity of 213,464 deadweight tons (dwt) [3] - The company's shares are listed on the Nasdaq Capital Market under the symbol "CISS" [3] Upcoming Financial Results - C3is Inc. will release its first quarter financial results for the period ended March 31, 2025, before the market opens in New York on May 15, 2025 [1] - A conference call will be hosted by the company's management on May 15, 2025, at 10:00 am ET to present the results and discuss the company's operations and outlook [1] - There will be a live and archived webcast of the conference call available on the C3is Inc. website [2]

LONDON, May 09, 2025 (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, today announces that its 2025 Annual Meeting will be held at 09:00 A.M. local time on June 16, 2025, at the offices of Baker Botts LLP, 30 Rockefeller Plaza, New York, New York, 10112, U.S.A. The record date for voting at the Annual Meeting is set as May 5, 2025. At the Annual Meeting, sh ...

LONDON, May 05, 2025 (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 on May 2, 2025, its subsidiaries Navigator Gas L.L.C. and Othello Shipping Company S.A. (the “Borrowers”) entered into a senior secured term loan and revolving credit facility (the “Facility Agreement”), with Nordea Bank Abp filial i Norge, Danish Ship Finance A/S, Da ...

Core Insights - United Maritime Corporation reported a net loss of $1.8 million for Q4 2024, compared to a loss of $0.7 million in Q4 2023, indicating a decline in profitability despite an increase in net revenues [4][6][7] - The company declared a quarterly dividend of $0.01 per share for Q4 2024, marking the ninth consecutive quarterly distribution, with total cash dividends of $1.61 per share since November 2022 [5][10] - The fleet's Time Charter Equivalent (TCE) rate decreased to $14,248 per day in Q4 2024 from $15,874 in Q4 2023, reflecting market conditions [6][21] Financial Performance - Q4 2024 net revenues were $10.8 million, down from $11.6 million in Q4 2023, while total revenues for 12M 2024 reached $45.4 million, up from $36.1 million in 12M 2023 [6][7] - Adjusted EBITDA for Q4 2024 was $5.1 million, an increase from $4.6 million in Q4 2023, and for the full year, it rose to $20.3 million from $18.9 million [6][7][23] - The company reported a basic loss per share of $0.21 for Q4 2024, compared to a loss of $0.08 in Q4 2023, and a diluted loss per share of $0.21, compared to a loss of $0.08 in the prior year [6][25] Strategic Developments - The company enhanced its fleet by acquiring a 2016-built Kamsarmax dry bulk vessel and selling its oldest Capesize vessel, the M/V Gloriuship, for approximately $15 million [5][12][33] - United secured $48.3 million in financing during 2024, which supported strategic initiatives and eliminated near-term debt maturities until Q4 2026 [5][13] - The integration of AI-driven solutions into the fleet aims to optimize energy consumption and operational efficiency [34] Market Conditions - The fourth-quarter results were impacted by a seasonal slowdown in coal and iron ore trade, which is typical following strong export volumes earlier in the year [14][15] - Long-term fundamentals of the dry bulk market remain strong, driven by structural shifts in global trade and fleet supply constraints [15][16] - Potential geopolitical developments and trade tariff discussions could create new shipping routes, increasing demand for ton-miles [16][17]