Navigator Holdings Ltd. (NVGS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

conference call for the first quarter 2025 financial results on today's call we have mods peter zakal chief executive officer gary chapman chief financial officer oyvind lindeman chief commercial officer and myself randy givens executive vice president of investor relations and business development in north america i must advise you that this conference call 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, May 15th, 2025. 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 Pieterzakko, the company's Chief Executive Officer. Please go ahead, Mads. Thank you so much. Good morning, good afternoon, and thank you for joining this Navigator Gas Earnings Call for Q1 2025. As a start, I'll just review the key data from our Q1-25 performance, and then I'll go over the outlook for the rest of the year. After that, Gary, Oivind, and Randy will discuss our results in more detail. In the first quarter, we again generated more revenues, up 13%, compared to same period last year. This was a new record quarterly revenue, and it was driven by both high utilization and higher rates. Income from our joint venture terminal was down significantly. Adjusted EBITDA for Q1 was $73 million in line with both same period of 2024 and also Q4. The balance sheet ...