NYSE$NVGS
Navigator Holdings Ltd · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Navigator Holdings Ltd reported record Q2 2026 results with strong revenue growth and highest-ever net income and TCE rates.
Navigator Gas announced preliminary unaudited results for the three months ended June 30, 2026, on August 4, 2026. The company achieved record net income of $53.0 million ($0.86 EPS), total operating revenues of $167.9 million, and an all-time high average TCE of $33,946 per day with 90.8% utilization. Adjusted EBITDA reached $86.4 million, supported by strong demand and the ethylene terminal performance.
- Record Q2 net income of $53.0 million and EPS of $0.86, surpassing prior records.
- Total operating revenues of $167.9 million, up significantly year-over-year.
- Average daily TCE hit record $33,946 with fleet utilization at 90.8%.
- Ethylene terminal throughput reached new record of 374,278 tonnes; plans to return 35% of net income to shareholders.
Headline financials
Revenue & EPS history
Navigator · Revenue · Quarterly
$168M
Revenue by segment
Navigator · $168M total across 2 segments · Q2 2026
- Operating revenues$156M—92.9%
- Unigas Pool$11.9M—7.1%
Forward guidance
Q3 expected to see some normalization in TCE rates and terminal volumes due to seasonal patterns and tighter ethylene arbitrage, though underlying demand remains strong.
Tailwinds
- Strong U.S. NGL production supporting demand
- Hormuz Strait situation providing commercial tailwinds
- Low order book and aging fleet supporting renewal
Headwinds
- Seasonal normalization expected in Q3
- Narrower ethylene arbitrage
- Customers delaying long-term commitments amid uncertainty
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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 |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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 2012 | +0.5% | — | — | |
| Q4 2013 | +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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