Navigator Gas Announces Preliminary Third Quarter 2026 Results (Unaudited)
Navigator Gas reported Q3 2026 total operating revenues of $155.0 million, up 1.3% year-over-year, with net income attributable to stockholders of $78.3 million versus $33.2 million a year ago and basic EPS of $1.28. Adjusted EBITDA declined 11% to $67.8 million as TCE rates and utilization eased, with headline net income growth driven primarily by $48.0 million of profit on vessel sales. The Board declared a $0.08 per-share dividend (~$4.9 million) and expects to repurchase ~$22.6 million of stock through year-end under the 35%-of-net-income capital return policy. The Unigas Transaction is complete: eight vessels plus the Unigas B.V.
Key figures
- Eps
- 1.28
- Revenue
- $155.0 million
- Ebitda
- $120.8 million
- Tce rate
- $30,314
- Total debt
- $762.6 million
- Dividend total
- $4.9 million
- Adjusted ebitda
- $67.8 million
- Fleet utilization
- 87.9%
- Adjusted eps basic
- $0.42
- Dividend per share
- $0.08
- Adjusted net income
- $25.4 million
- Net income attributable
- $78.3 million
- Profit from vessel sales
- $48.0 million
- Planned share repurchases
- $22.6 million
- Adjusted ebitda prior year
- $76.5 million
- Cash and undrawn facilities
- $425.8 million
AI analysis
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