NVGS News & Events

The deal size was increased to 8.0M shares from 7.0M and priced below last closing price of $19.17. Citi, DNB Carnegie, Fearnley and Pareto are acting as joint book running managers for the offering.

Navigator Holdings announced that BW Group Limited, the selling shareholder of the company, is offering for sale to the public a total of 7M shares of the company's common stock. The company is not offering any shares of its common stock in the secondary offering and will not receive any proceeds from the sale of its shares of common stock in the secondary offering. In addition, the company intends to purchase from the underwriters in the secondary offering 3.5M shares of common stock, at a price per share equal to the public offering price. The completion of the secondary offering is not conditioned upon the completion of the share repurchase. Citigroup, DNB Carnegie, Fearnley Securities and Pareto Securities are acting as joint book-running managers for the offering.

Reports preliminary Q4 revenue $152.83M, consensus $136.15M. The company said, "At December 31, 2025 the Company's cash, cash equivalents, and restricted cash was $204.9 million, and together with available but undrawn credit facilities of $91.4 million the Company's total liquidity as of December 31, 2025 was $296.3 million, compared to $308.0 million as of September 30, 2025 and $139.8 million as at December 31, 2024."