NVGS Earnings Prediction
The chart below shows how NVGS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NVGS sees a -2.49% change in stock price 10 days leading up to the earnings, and a +0.38% change 10 days following the report. On the earnings day itself, the stock moves by +1.81%. This data can give you a slight idea of what to expect for the next quarter's release.
NVGS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
141.82M
2.94%
-3.31%
Gross Margin
29.31%
-7.13%
-15.44%
Operating Margin
22.70%
-13.42%
-15.74%
Net Margin
13.73%
-11.53%
-24.97%
EPS
0.26
0.00%
-18.75%
No Data Available
NVGS Earnings Analysis
NAVIGATOR HOLDINGS LTD. Corporation (NVGS.N) Earnings Conference Call
Positive
Revenue Increase Driven by TCE: In Q3 2024, we generated more revenues, up 3% compared to the same period, driven by a higher TCE rate.
Q3 Adjusted EBITDA Decline: Adjusted EBITDA for Q3 came in at $68 million, slightly below the $72 million earned in the seasonally strong Q3 of last year.
Strong Balance Sheet Position: The balance sheet is strong with a robust cash position even after we repaid on our debt facilities and continued deploying capital into our Ethylene Terminal expansion.
Capital Return Strategy: The return of capital continued in Q3 with both the $0.05 fixed dividend and the share buyback up to and in combination 25% of net income.
Bond Issuance Highlights: In October, we issued $100 million of new unsecured bonds at 7.25%, including the tightest spread of any dollar-denominated shipping bond issue in the Nordic markets since 2008.
Negative
Q3 Adjusted EBITDA Performance: Adjusted EBITDA for Q3 came in at $67.7 million, slightly below the $72 million earned in the seasonally strong Q3 of last year.
Ethylene Terminal Volume Decline: The Ethylene Terminal throughput volumes in Q3 were significantly down at 122,000 tons for the quarter, caused by Hurricane Beryl and the following disruption to ethylene production and inventory levels.
Vessel Operating Expenses Update: Vessel operating expenses were slightly up at $43.5 million compared to the third quarter of 2023, but flat compared to the second quarter of 2024.
Net Income Overview: In the third quarter of 2024, net income attributable to stockholders of Navigator Holdings Limited was $18.2 million, with a basic earnings per share of $0.26, and adjusted net income, which excludes unrealized gains and losses on derivative instruments and foreign currency, being $20.1 million or $0.29 per share.
Quarterly Loss Comparison: The company reported a further loss in the third quarter of $5.2 million against a loss in the second quarter of 2024 of $1.6 million and a loss of $1 million in the third quarter of 2023.
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NVGS Earning Call Sentiment
Navigator Holdings Ltd. (NVGS) Q3 2024 Earnings Call Transcript
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00:00
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NVGS.N
-0.73%Positive
The earnings call highlights mixed financial performance with slight revenue growth but declining EBITDA and net income. The market conditions and operational challenges, such as aging fleet and supply chain issues, offset positive aspects like higher TCE rates and debt management. The Q&A session revealed uncertainties, particularly regarding newbuild rates and market demand. The shareholder return plan is modest with a fixed dividend and small buyback. The market cap indicates a small-cap stock, suggesting potential volatility, but the overall sentiment remains neutral due to balanced positive and negative factors.
