Navigator Holdings posts record Q2 2026 earnings and raises dividend

EarningsCorporate Action
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Navigator Holdings reported record second-quarter 2026 results, with net income rising to $53.0 million, EBITDA reaching $101.6 million, and average time charter equivalent rates hitting a record $33,946 per day. Fleet utilization improved to 90.8%, and the Morgan's Point ethylene export terminal set a quarterly throughput record of 374,278 tonnes. The company plans to sell eight Unigas vessels for approximately $129 million in net cash proceeds and will increase its fixed quarterly dividend to $0.08 per share starting in the third quarter. Management expects third-quarter performance to moderate from record levels but remains positive on long-term demand driven by U.S. natural gas liquids production and a limited handysize vessel order book.

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