Navigator Holdings Ltd. Q4 2023 Results Filed

TL;DR

NAV released Q4 2023 results, check financials.

AI Summary

Navigator Holdings Ltd. reported its unaudited results for the three months ended December 31, 2023. The filing, submitted on March 13, 2024, provides financial highlights and other developments for the period. The company is incorporated in the UK and its fiscal year ends on December 31.

Why It Matters

This filing provides investors with the latest financial performance data for Navigator Holdings Ltd. for the fourth quarter of 2023, allowing for assessment of the company's recent operational and financial health.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) reporting quarterly results, which is standard for publicly traded companies and does not inherently introduce new risks.

Key Players & Entities

• Navigator Holdings Ltd. (company) — Registrant
• December 31, 2023 (date) — Reporting period end date
• March 13, 2024 (date) — Filing date
• NGT Services (UK) Ltd (company) — Related entity

FAQ

Key Financial Figures

• $0.05 — (NYSE NVGS) declared a cash dividend of $0.05 per share, for the quarter ended Decemb
• $0.8 million — any expects to repurchase approximately $0.8 million common stock (the "Share Repurchases")
• $141.6 million — any reported total operating revenue of $141.6 million for the three months ended December 31,
• $123.3 million — hs ended December 31, 2023, compared to $123.3 million for the three months ended December 31,
• $17.8 million — ble to stockholders' of the Company was $17.8 million for the three months ended December 31,
• $10.0 million — hs ended December 31, 2023, compared to $10.0 million for the three months ended December 31,
• $0.24 — ember 31, 2022. Earnings per share was $0.24 for the three months ended December 31,
• $0.13 — hs ended December 31, 2023, compared to $0.13 per share for the three months ended De
• $0.32 — rofit and loss from sale of vessel, was $0.32 per share for the three months ended De
• $66.3 million — ended December 31, 2023. EBITDA(1) was $66.3 million for the three months ended December 31,
• $58.5 million — hs ended December 31, 2023, compared to $58.5 million for the three months ended December 31,
• $71.7 million — cember 31, 2022. Adjusted EBITDA(1) was $71.7 million for the three months ended December 31,
• $55.0 million — hs ended December 31, 2023, compared to $55.0 million for the three months ended December 31,
• $23.8 million — December 31, 2022. The Company repaid $23.8 million of the $111.8 million Term Loan and Rev
• $111.8 million — The Company repaid $23.8 million of the $111.8 million Term Loan and Revolving Credit Facility

Filing Documents

• navigatorholdingsltdq42023.htm (6-K) — 446KB
• 0001628280-24-010929.txt ( ) — 447KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended December 31, 2023 Commission File Number 001-36202 NAVIGATOR HOLDINGS LTD. (Translation of registrant's name into English) co NGT Services (UK) Ltd 10 Bressenden Place, London, SW1E 5DH, United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F 1 NAVIGATOR HOLDINGS LTD. REPORT ON FORM 6-K FOR THE THREE MONTHS ENDED DECEMBER 31, 2023 INDEX PAGE Important Information Regarding Forward-Looking Statements 3 Financial Highlights 5 Other Highlights and Developments 6 Conference Call details 7 Unaudited Results of Operations for the Three Months 8 Non-GAAP Financial Measures Reconciliation 11 Liquidity and Capital Resources 12 Unaudited Condensed Consolidated Financial Statements Unaudited Condensed Consolidated Statements of Operations for the three months ended December 31, 2023 and 2022 F- 1 Unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended December 31, 2023 and 2022 F- 2 Unaudited Condensed Consolidated Balance Sheets as of December 31, 2022 and December 31, 2023 F- 3 Unaudited Condensed Consolidated Statements of Cash Flows for the twelve months ended December 31, 2023 and 2022 F- 4 2 IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS This report on Form 6-K contains certain forward-looking statements concerning plans and expectations of management for future operations or economic performance, or assumptions related thereto, including our financial forecast and statements. In addition, we and our representatives may from time to time make other oral or written statements that are also forward-looking statements. Such statements include, in particular, statements about our plans, strategies, business prospects, changes and trends in our business and the markets in which we operate as described in this report on Form 6-K. In some cases, you can identify the forward-looking statements by the use of words such as "may," "could," "should," "would," "expect," "plan," "anticipate," "intend," "forecast," "believe," "estimate," "predict," "propose," "potential," "continue," "scheduled," or the negative of these terms or other comparable terminology. Forward-looking statements appear in a number of places in this report. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. The following are some but not all of the factors that could cause actual results or events to differ materially from anticipated results or events. future operating or financial results potential acquisitions and joint ventures, business strategy and expected capital spending operating expenses, availability of crew, number of off-hire days, drydocking requirements and insurance costs fluctuations in currencies and interest rates general market conditions and shipping market trends, including charter rates and factors affecting vessel supply and demand our ability to continue to comply with all our debt covenants our financial condition and liquidity, including our ability to refinance our indebtedness as it matures or obtain additional financing in the future to fund capital expenditures, acquisitions and other corporate activities future capital expenditures needed to preserve our capital base the availability of vessels to purchase, or the useful lives of our vessels our continued ability to enter into short-term or long-term, fixed-rate time charters or voyage charters with our customers our vessels engaging in ship to ship transfers of liquefied petroleum gas ("LPG") or petrochemical cargoes which may ultimately be discharged in sanctioned areas or to sanctioned individuals without our knowledge the impact of the Russian invasion of Ukraine and economic sanctions related thereto the conflict between Israel and Hamas in the Gaza region and other geopolitical tensions our ability to employ and retain suitably experienced commercial and technical staff changes in governmental rules and regulations or actions taken by regulatory authorities our ability to manage obligations, liabilities, or responsibilities, arising from any regulatory environment emission trading or compliance schemes. global epidemics or other health crises such as the outbreak of COVID-19, including its impact on our business liability from future litigation our share repurchases and the payment of dividends to our shareho

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View this 6-K filing on SEC EDGAR