◾ Navigator Holdings Ltd. (NYSE: NVGS) (the “Company”) reported operating revenue of $70.2 million for the three months
ended September 30, 2017.
◾ EBITDA(1) was $27.1 million for the three months ended September 30, 2017.
◾ Earnings were a net loss of $1.1 million for the three months ended September 30, 2017, or $0.02 loss per share.
◾ Took delivery of Navigator Jorf, a 38,000 cbm fully-refrigerated vessel from HMD on July 20, 2017. The vessel commenced
a ten year time charter on August 22, 2017.
◾ Earlier today, we took delivery of Navigator Prominence, a 37,300 cubic meter semi-refrigerated gas carrier and our final newbuilding. We drew down $51.2 million from a bank loan facility to partially finance the delivery installment.
◾ We continue to see strong demand for the proposed ethylene marine export terminal on the Houston Ship Channel, the proposed joint venture with Enterprise Product Partners L.P. announced in July.