Navigator Holdings Ltd. (NVGS) Q2 2023 Earnings Call Transcript

Navigator Holdings Ltd. (NYSE:NVGS) Q2 2023 Earnings Conference Call August 17, 2023 10:00 AM ET

Company Participants

Randy Giveans – EVP, IR and Business Development

Mads Peter Zacho – CEO

Oeyvind Lindeman – Chief Commercial Officer

Conference Call Participants

Ben Nolan – Stifel

Omar Nokta – Jefferies


You have joined the meeting as an attendee and will be muted throughout the meeting.

Randy Giveans

Navigator Holdings Conference Call for the Second Quarter 2023 Financial Results. We have with us Mr. Mads Peter Zacho, Chief Executive Officer; Mr. Oeyvind Lindeman, Chief Commercial Officer; and myself, Randy Giveans, Executive Vice President of Investor Relations and Business Development in North America. I must advise you that this conference is being recorded today.

As we conduct today’s presentation, we’ll be making various forward-looking statements. These statements include, but are not limited to, the future expectations, plans and prospects from both a financial and operational perspective, and are based on management assumptions, forecasts and expectations as of today’s date and are subject to material risks and uncertainties.

Actual results may differ significantly from our forward-looking information and financial forecast. Additional information about these factors and assumptions are included in our annual and quarterly reports filed with the Securities and Exchange Commission.

With that, I now pass the floor to Mads Peter Zacho, the company’s Chief Executive Officer. Please go ahead, Mads.

Mads Peter Zacho

Good morning, and thank you for dialing in to the Navigator Gas earnings call. I’ll start off by providing a brief overview of our Q2 results and then hand over to Oeyvind and Randy for greater details on business drivers and recent events. Our second quarter results came in similar to Q1 and much stronger than Q2 2022, with revenues of $135 million. Adjusted EBITDA, just below $70 million and net income of $27 million. The result was mainly driven

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