The shipping firm raised its quarterly dividend to $0.08 per share after reporting all-time high time charter equivalent rates.
Navigator Holdings reported Q2 2026 net income of $53.0 million, up from prior periods, driven by record time charter equivalent rates of $33,946 per day and 90.8% fleet utilization. EBITDA reached $101.6 million, while Morgan’s Point terminal set a throughput record of 374,278 tonnes.
The company attributed strength to robust U.S. natural gas liquids production and limited handysize vessel supply. Management noted Middle East disruptions had not materially impacted operations but supported North American export demand.
Navigator plans to sell eight Unigas vessels for $129 million in net proceeds and raised its fixed dividend to $0.08 per share, reflecting confidence in long-term fundamentals.