)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
Navigator Holdings (NVGS) investor relations material
Navigator Holdings Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary13 Aug, 2025
Executive summary
Q2 2025 operating revenue was $130M, down 11.6% year-over-year, with net income attributable to stockholders of $21.5M ($0.31/share); adjusted EBITDA was $60.1M, reflecting lower trade volumes and utilization due to geopolitical disruptions.
Despite headwinds, profitability was maintained through cost controls, vessel sales, and capital returns, including a $50M share repurchase and a $0.05/share dividend, returning 25% of net income to shareholders.
Operational normalization began in July, with utilization rebounding to 90% and rates returning to pre-disruption levels.
Entered a joint venture to build two ammonia-fueled carriers, each receiving a $9M grant, with deliveries in 2028 and long-term charters secured.
Included in the Russell 2000 and 3000 indices, increasing trading liquidity and investor base.
Financial highlights
Q2 2025 revenue was $130M, adjusted EBITDA $60.1M (excluding $12M gain from vessel sale), and net income $21.5M; basic EPS was $0.31, adjusted EPS $0.14.
Cash at June 30, 2025, was $287M, with liquidity of $316M after refinancing and share buybacks.
Returned $36.4M to shareholders in Q2 via dividends and buybacks; by July, this rose to $56.8M.
Issued $40M in new unsecured bonds at 7.25% and signed a $300M financing facility, increasing liquidity by $142M.
Ethylene terminal profit for Q2 2025 was $4.8M, similar to Q2 2024.
Outlook and guidance
Most Q2 headwinds have dissipated; utilization and rates have normalized, with July utilization at 90%.
Expect continued LPG exports from Iraq to Asia and robust U.S. ethylene and ethane exports to Europe and Asia.
Ethylene export terminal throughput expected to remain firm in Q3 2025, supported by strong European demand.
Full-year OpEx and net interest expense guidance slightly lowered due to fleet changes; all-in cash breakeven for 2025 is $20,270/day.
Guidance for 3Q 2025 Adjusted EBITDA is higher than 2Q 2025; full-year 2025 expected to be strong.
Explain impact of trade tariffs on utilization.
Detail financing for ammonia newbuild vessels.
What hedges interest rate risk on May 2025 Facility?
How did geopolitical events impact Q2 revenues?
What portion of expansion is now contracted?
What are the terms of Enova grant for ammonia carriers?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Navigator Holdings earnings date
Q3 20256 Nov, 2025
Next Navigator Holdings earnings date
Q3 20256 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
Frequently asked questions
Navigator Holdings Ltd is a shipping company that owns and operates a fleet of liquefied gas carriers. The company specializes in the transportation of liquefied petroleum gas (LPG), petrochemical gases, and ammonia for industrial customers worldwide. Navigator’s fleet consists of mid-size and handysize vessels, designed to carry pressurized, semi-refrigerated, and fully refrigerated gases. The company serves a variety of industries, including energy, chemicals, and agriculture, providing reliable maritime logistics solutions for transporting gases across global trade routes. The company is headquartered in London, England, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage