Navigator Holdings Ltd. (NVGS) Tops Q3 EPS by 7c, Beat on Revenues

Navigator Holdings Ltd. (NYSE: NVGS) reported Q3 EPS of $0.12, $0.07 better than the analyst estimate of $0.05. Revenue for the quarter came in at $69.74 million versus the consensus estimate of $60.54 million.

Highlights

• Navigator Holdings Ltd. (NYSE: NVGS) (the \"Company\") reported operating revenue of $70.2 million for the three months ended September 30, 2017.
• EBITDA(1) was $27.1 million for the three months ended September 30, 2017.
• Earnings were a net loss of $1.1 million for the three months ended September 30, 2017, or $0.02 loss per share.
• Took delivery of Navigator Jorf, a 38,000 cbm fully-refrigerated vessel from HMD on July 20, 2017. The vessel commenced a ten year time charter on August 22, 2017.
• Earlier today, we took delivery of Navigator Prominence, a 37,300 cubic meter semi-refrigerated gas carrier and our final newbuilding. We drew down $51.2 million from a bank loan facility to partially finance the delivery installment.
• We continue to see strong demand for the proposed ethylene marine export terminal on the Houston Ship Channel, the proposed joint venture with Enterprise Product Partners L.P. announced in July.

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

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