NYSE$NVGS
Navigator Holdings Ltd · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Navigator Holdings Q1 2026: $140.6M revenue, $35.5M net income, EPS $0.55
Navigator Holdings reported first-quarter 2026 results for the three months ended March 31, 2026. Total operating revenues were $140.6 million versus $151.4 million a year earlier, while net income attributable to shareholders rose to $35.5 million from $27.0 million. Basic earnings per share were $0.55 (adjusted $0.51) on a lower share count after repurchases. Adjusted EBITDA was $65.9 million compared with $72.8 million in the prior year, and average daily TCE was $29,684 with fleet utilization of 90.6%. The company declared a $0.07 quarterly dividend, plans roughly $6.3 million of additional share repurchases through June 30, and revised its capital return policy to target 35% of quarterly net income starting in Q2. Management also announced a non-binding agreement to sell eight gas carriers and its Unigas stake for about $183 million.
- Revenue of $140.6 million compared with $151.4 million in Q1 2025.
- Net income rose to $35.5 million; basic EPS increased to $0.55 from $0.39.
- Adjusted EBITDA was $65.9 million; average TCE was $29,684 with 90.6% utilization.
- Quarterly dividend of $0.07 declared, with ~$6.3 million of buybacks planned for Q2.
- Proposed sale of eight Unigas vessels and related stake for approximately $183 million.
Headline financials
Revenue & EPS history
Navigator · Revenue · Quarterly
$141M
Forward guidance
Capital return policy increases to 35% of quarterly net income from Q2 2026; Unigas divestiture expected to close in Q4 2026 subject to definitive agreements.
Tailwinds
- Net income and EPS grew year over year despite lower revenue.
- Second-quarter shipping markets have shown a beneficial impact from supply disruptions.
Headwinds
- Revenue and adjusted EBITDA declined year over year on softer charter rates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+1.3%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+1.9%
Avg return
30 days after
52%
26 / 50 earnings
Positive
+30.8%
Q4 2016
Best reaction
-13.4%
Q2 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -11.2% | +3.3% | -4.1% | |
| Q3 2025 | +3.5% | +6.7% | +8.4% | |
| Q2 2025 | -1.4% | -1.8% | +3.3% | |
| Q1 2025 | +2.1% | +3.3% | +6.3% | |
| Q4 2024 | +0.6% | +1.6% | -9.4% | |
| Q1 2024 | -1.8% | +1.5% | -3.8% | |
| Q4 2023 | +2.0% | -2.0% | -1.7% | |
| Q3 2023 | -1.1% | +0.2% | +0.6% | |
| Q2 2023 | -4.0% | -3.3% | -0.2% | |
| Q1 2023 | +13.0% | +1.0% | -3.2% | |
| Q4 2022 | +14.0% | +10.6% | +19.2% | |
| Q3 2022 | -6.5% | -2.4% | -4.6% | |
| Q2 2022 | -6.1% | -1.0% | -5.2% | |
| Q1 2022 | -2.7% | -3.3% | -21.0% | |
| Q4 2021 | -0.2% | -6.7% | +13.3% | |
| Q3 2021 | +13.7% | +19.9% | +9.6% | |
| Q2 2021 | -3.8% | -5.2% | -4.1% | |
| Q1 2021 | +3.8% | +7.7% | -3.3% | |
| Q4 2020 | -5.9% | -13.8% | -6.6% | |
| Q3 2020 | -5.7% | -0.1% | +12.0% | |
| Q2 2020 | +1.4% | +4.3% | +4.1% | |
| Q1 2020 | +14.0% | +34.7% | +1.8% | |
| Q4 2019 | -1.6% | +7.6% | +52.3% | |
| Q3 2019 | +12.1% | +11.4% | +11.6% | |
| Q2 2019 | -5.0% | -4.2% | -4.5% | |
| Q1 2019 | -7.2% | -9.7% | -15.9% | |
| Q4 2018 | +1.6% | +1.8% | +2.3% | |
| Q3 2018 | -1.3% | -0.7% | -2.5% | |
| Q2 2018 | -2.8% | -3.2% | -2.4% | |
| Q1 2018 | -4.0% | -3.1% | -3.6% | |
| Q4 2017 | +8.1% | +9.9% | +0.0% | |
| Q3 2017 | +0.5% | +0.0% | -2.5% | |
| Q2 2017 | +6.2% | +7.2% | +14.9% | |
| Q1 2017 | -9.5% | -19.5% | -35.3% | |
| Q4 2016 | +30.8% | +26.2% | +28.5% | |
| Q3 2016 | +5.1% | +17.4% | +41.3% | |
| Q2 2016 | -13.4% | -8.6% | -27.2% | |
| Q1 2016 | +3.4% | — | — | |
| Q4 2015 | +13.3% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | +3.7% | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q3 2014 | +3.3% | — | — | |
| Q2 2014 | -3.4% | — | — | |
| Q4 2013 | +0.5% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | -0.8% | — | — | |
| Q3 2012 | +7.5% | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — |
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