Navigator Holdings Ltd. (NVGS) Tops Q3 EPS by 4c

November 7, 2016 4:45 PM EST
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Navigator Holdings Ltd. (NYSE: NVGS) reported Q3 EPS of $0.12, $0.04 better than the analyst estimate of $0.08. Revenue for the quarter came in at $69.7 million versus the consensus estimate of $59.82 million.

  • On October 31, 2016, the Company entered into a new $220.0 million Facility Agreement to , among other things, refinance two existing facilities that mature in April 2017 and provide delivery financing of up to 70% for our newbuilding, Navigator Jorf.
  • The Company has benefited from increasing demand for the transportation of petrochemicals gases, with the proportion of our total revenue from long-haul trade increasing from 20% in the first quarter to approximately 45% in the third quarter 2016.

For earnings history and earnings-related data on Navigator Holdings Ltd. (NVGS) click here.

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