NYSE$NVGS

Navigator Holdings Ltd · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Navigator Gas reported higher net income and steady revenue growth in Q4 2024.

Navigator Gas posted a total operating revenue of $144.03 million for Q4 2024, reflecting a 1.7% year-over-year increase. Net income rose to $21.59 million, with EPS at $0.31. Adjusted EPS stood at $0.39. Operating income improved to $35.17 million, driven by robust fleet utilization at 92.2%. The company also reported EBITDA of $68.02 million, with Adjusted EBITDA at $73.43 million.

  • Total operating revenue increased by 1.7% to $144.03 million.
  • Net income attributable to stockholders grew to $21.59 million.
  • GAAP EPS was $0.31, with Adjusted EPS at $0.39.
  • Fleet utilization remained strong at 92.2%.

Headline financials

Total Revenue

$144M

Previous: $142M+1.7%
EPS (adj)

$0.39

Previous: $0.32+21.9%
Fleet utilization

92.2%

No prior period
Average daily TCE

$28.3K

No prior period
Capital Expenditures

-$20.5M

Previous: $159M-112.9%
Net Income

$21.6M

Previous: $17.8M+21.6%
Operating Income

$35.2M

Previous: $33.4M+5.3%
Gross Profit

$44.6M

Previous: $42.3M+5.4%

Revenue & EPS history

Navigator · Revenue · Quarterly

$144M

Q4 2024+1.7%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Navigator Gas remains positive about its 2025 outlook, focusing on fleet efficiency and market expansion despite macroeconomic uncertainties.

Tailwinds

  • Continued high fleet utilization expected.
  • Strong demand for ethylene and LPG transportation.
  • Ongoing cost-efficiency initiatives improving margins.
  • Terminal Expansion Project completion to boost revenue.
  • Stable debt structure supporting growth initiatives.

Headwinds

  • Uncertain global economic conditions could impact demand.
  • Potential fluctuations in charter rates.
  • Ongoing vessel maintenance costs.
  • Higher competition in the liquefied gas shipping market.
  • Currency exchange risks affecting profitability.

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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