Navigator Holdings Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 05:28 pm EST
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Navigator Holdings Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 137.77 million compared to USD 106.81 million a year ago. Revenue was USD 137.77 million compared to USD 106.81 million a year ago. Net income was USD 19.11 million compared to USD 2.45 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.03 a year ago.
For the nine months, sales was USD 409.11 million compared to USD 350.51 million a year ago. Revenue was USD 409.11 million compared to USD 350.51 million a year ago. Net income was USD 64.51 million compared to USD 43.51 million a year ago. Basic earnings per share from continuing operations was USD 0.87 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.86 compared to USD 0.56 a year ago.
Navigator Holdings Ltd. is a United Kingdom-based owner and operator of liquefied gas carriers. The Company is engaged in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (LPG) and ammonia. It also owns a 50% share in an ethylene export marine terminal at Morganâs Point, Texas on the Houston Ship Channel, United States. The Companyâs fleet consists of 56 semi-or fully refrigerated liquefied gas carriers, 25 of which are ethylene and ethane capable. The Company plays a role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders with its vessels. Its services include Maritime Logistics, Ship Shore Infrastructure and Consultancy, New Trends. It unlocks the possibilities of participating in global trade flows of liquefied gases, including propane, butane, ethane and petrochemical gases, such as ethylene, propylene and butadiene, and ammonia.
NAVIGATOR HOLDINGS LTD. 
