Navigator Holdings Ltd. (NVGS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, ladies and gentlemen, and welcome to the Navigator Holdings conference call for the fourth quarter 2025 financial results. On today's call, we have Maz Peterzako, Chief Executive Officer, Gary Chapman, Chief Financial Officer, Oigan Linderman, Chief Commercial Officer, and myself, Randy Gibbons, 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, March 12, 2026. and are as such subject to material risks and uncertainties. Actual results may differ significantly from our forward-looking information and financial forecast, and additional information about these factors are included in our annual and quarterly reports filed with the Securities and Exchange Commission. With that, I now pass the floor to our CEO, Mads Peter Zacco. Please go ahead, Mads. Good morning and good afternoon. Thanks a lot for joining the Navigator Gas Earnings Call for Q4 2025. And just to get us started on the right foot, I'd like to clarify that Navigator Gas currently has no vessels inside the Hormuz Strait. We'll later touch more on the war in the Middle East and what it means for Navigator. We'll explain why the impact is limited. As usual, I'll review the key data from our Q4-25 performance and then go over the outlook for the coming quarter. After that, Gary, Oyvind, and Randy will discuss our results in more detail, and then there'll be Q&A afterwards. Please tu...