Navigator Holdings Ltd. (NYSE: NVGS) reported Q3 EPS of $0.01, $0.03 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $80.84 million versus the consensus estimate of $60.7 million.

• Navigator Holdings Ltd. (the "Company") reported operating revenue of $80.8 million for the three months ended September 30, 2018, an increase from $70.2 million for the three months ended September 30, 2017.
• Net income was $0.6 million (earnings per share of $0.01) for the three months ended September 30, 2018, compared to a net loss of $1.1 million (loss per share of $0.02) for the three months ended September 30, 2017.
• EBITDA[1] was $30.4 million for the three months ended September 30, 2018, an increase from $27.1 million for the three months ended September 2017.
• During the three months ended September 30, 2018, the Company made an additional capital contribution of $15.0 million to our 50/50 joint venture (the "Export Terminal Joint Venture") relating to the ethylene export marine terminal (the "Marine Export Terminal"), taking the total invested in the joint venture to date to $25.0 million. The Marine Export Terminal is expected to become operational in approximately one year.
• On November 2, 2018, the Company issued senior secured bonds in an aggregate principal amount of 600 million Norwegian Kroner (approximately $72.0 million) with Norsk Tillitsmann ASA as the bond trustee. The net proceeds will be used to partially finance the Company's portion of the capital cost of construction of the Marine Export Terminal.
• Maintained strong fleet utilization of 87.5% for the three months ended September 30, 2018, up from 85.0% during the third quarter of 2017.

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