Navigator Holdings Ltd.

NYSE•NVGS

CEO: Mr. Mads Peter Zacho

Sector: Energy

Industry: Oil & Gas Midstream

Listing Date: 2007-01-09

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services. It operates a fleet of 56 semi- or fully-refrigerated liquefied gas carriers. The company was formerly known as Isle of Man public limited company and changed its name to Navigator Holdings Ltd. in 2006. Navigator Holdings Ltd. was incorporated in 1997 and is based in London, the United Kingdom.

Contact Information

The Verde, 10 Bressenden Place, London, SW1E 5DH, United Kingdom

44-20-7340-4850

navigatorgas.com

Market Cap

$1.34B

P/E (TTM)

13.0

22.1

Dividend Yield

1.2%

52W High

$24.36

52W Low

$13.66

52W Range

75%

Rank49Top 66.7%

3.2

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$140.62M+0.00%

4-Quarter Trend

EPS

$0.55+0.00%

4-Quarter Trend

FCF

$45.77M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Stockholder Net Income Rises Net income attributable to stockholders reached $100.1M, marking a strong 17.0% increase compared to the prior year results.

Operating Income Jumps 15.5% Operating income grew to $165.4M, reflecting 15.5% improvement driven by better TCE rates and fleet activity management.

Average Daily TCE Rises Average daily Time Charter Equivalent (TCE) rate increased to $30,110, up from $28,826 in 2024, boosting revenue performance.

Newbuild Commitments Increase Vessels under construction totaled $115.3M by year-end 2025, showing commitment to fleet renewal and future capacity.

Risk Factors

Cyclical Charter Rate Volatility Liquefied gas carrier charter rates remain cyclical with attendant volatility, impacting profitability and vessel values unpredictably.

Debt Covenants Limit Flexibility Substantial indebtedness requires meeting strict financial ratios; failure to comply risks default or limits ability to raise capital.

Geopolitical Conflicts Disrupt Trade Ongoing conflicts, like Russia-Ukraine war, create uncertainty, potentially restricting vessel trading routes and adversely affecting cash flows.

Environmental Regulation Cost Increases Compliance with EU ETS and FuelEU Maritime Regulation will increase operating costs, potentially requiring operational alterations.

Outlook

Finalizing Newbuild Deliveries Four Ethylene Newbuild Vessels scheduled for delivery between March 2027 and January 2028, enhancing specialized gas transport capability.

Ammonia Vessel JV Progressing Amon Joint Venture progressing two ammonia newbuilds, expected delivery in 2028, positioning for green energy supply chains.

Planned Corporate Redomiciliation Seeking shareholder approval in 2026 for domicile change from Marshall Islands to England and Wales to align corporate structure.

Maintaining Strong Balance Sheet Seeking strong balance sheet via managing leverage, financing future growth with balanced mix of cash, debt, bond, and equity.

Peer Comparison

Revenue (TTM)

RES

$1.75B

+27.6%

VTOL

$1.53B

+5.9%

NESR

$1.43B

+9.0%

Gross Margin (Latest Quarter)

VTOL

94.8%

+1.9pp

LPG

63.0%

+28.3pp

FLNG

45.7%

-7.8pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
NESR	$2.46B	38.0	6.7%	16.2%
PUMP	$1.87B	-143.6	-1.4%	13.3%
LPG	$1.72B	8.8	17.9%	37.9%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

2.7%

Moderate Growth

4Q Net Income CAGR

18.2%

Profitability Improved

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Aug 11, 2026

EPS:$0.51

Revenue:$139.65M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data