Navigator Holdings Ltd. (NVGS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Navigator Holdings conference call for the second quarter 2025 financial results. On today's call, we have Mods Peter Zacco, Chief Executive Officer, Gary Chapman, Chief Financial Officer, Oregon Lindeman, Chief Commercial Officer, and myself, Randy Givens, Executive Vice President of Investor Relations and Business Development here in North America. I must advise you that this conference call is being recorded today. As we conduct today's presentation, we will 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, August 13th, 2025. and are as such subject to material risk 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 SEC. With that, I now pass the floor to our CEO, Mats Petersakko. Please go ahead, Mats. Thank you. Good morning and good afternoon, and thanks a lot for joining this Navigator Gas Earnings Call for Q2 2025. As a start, I'll just review the key data on our Q2 2025 performance and then go over the outlook for the rest of the year. After that, as usual, Gary and Oivind and Randy will discuss our results in more detail. Geopolitical backdrop for our Q2 result was certainly unusual and very difficult. Ahead of and during the quarter, we experienced a number of significant challenges, including the announcement of US port tariffs, unprecedented high import tariffs on commodities that we transport, ethane export licenses, which...