
Navigator (NYSE:NVGS) reported record quarterly net income for the first quarter of 2026, as stronger ethylene export terminal activity and gains from vessel sales helped offset slightly softer time charter equivalent rates.
Chief Executive Officer Mads Peter Zacho said the quarter showed “resilient trading” and marked “record net income for Navigator Gas,” while adding that the second quarter had started strongly. Net income was $36 million, or $0.55 per share, and EBITDA was $80 million, according to Zacho. Chief Financial Officer Gary Chapman said adjusted EBITDA was $65.9 million.