Navigator Gas (NVGS)
Transports LPG, petrochemical gases, ammonia and ethane on specialized liquefied gas carriers.
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Owns and operates specialized liquefied gas carriers serving LPG, petrochemical gases, ammonia and ethane markets, with revenue from charters, affreightment contracts and pool arrangements. The business pairs a mostly international shipping network with a half-owned ethylene export terminal in Texas.
Owns and operates a 57-vessel liquefied gas carrier fleet built around handysize ships, midsize carriers and smaller semi-refrigerated vessels. Cargoes include LPG, petrochemical gases, ammonia, ethane and ethylene, with vessel employment spread across time charters, voyage charters, contracts of affreightment and the Unigas Pool.
Operations are international and tied especially to North American export flows, including a half-owned ethylene export terminal at Morgan's Point, Texas. Semi-refrigerated vessel capability lets the fleet serve industrial gases and ports that larger carriers may not fit.
Execution depends on safety, crew capability, vessel flexibility, charter pricing, customer concentration and demand from energy, chemical and trading customers.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 25, 2025 | Deutsche Bank | Target | Target: — | Target: $24 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $273.8M · Total debt $926.1M · Total assets $2.32B · Shareholders' equity $1.24B
- Revenue
- $167.9M
- Operating income
- $47.8M
- Net income
- $53.0M
HistoryDividendAnnual yield
| Institutions | ≈ 38.62% | 25.20M ADS | |
|---|---|---|---|
| 178 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 39.41% | 25.71M ADS | |
| 10 holders · as of Aug 24, 2026 | |||
| Strategic holders | 7.29% | 4.76M ADS | |
| 1 holder · as of Jul 31, 2026 | |||
| Other | ≈ 14.68% | 9.58M ADS | |
| remainder | |||
65.25M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Naviera Ultranav LimitadaInsider | 32.49% | 21.20M | filed Aug 16, 2021 |
BW Group LimitedStrategic | 7.29% | 4.76M | filed Jul 31, 2026 |
GagnonInsider | 5.94% | 3.88M | filed Dec 7, 2021 |
BlackRock, Inc.Institution | 3.27% | 2.13M ADS | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 2.98% | 1.94M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Oeyvind Lindeman | officer: Chief Commercial Officer | −7,500 | $21.68 |
| Aug 12, 2026 | Peter George Charles Andrew Stokes | director | −5,000 | $20.28 |
| May 29, 2026 | Oeyvind Lindeman | officer: Chief Commercial Officer | −6,259 | $21.70 |
| May 20, 2026 | Michael Schroder | officer: Chief Operating Officer | −25,000 | $23.63 |
- StealthGas
Small and handysize LPG carrier owner with petchem overlap
- BW LPG
Large-scale VLGC owner and LPG trading platform
- Dorian LPG
NYSE-listed VLGC owner with LPG and ammonia-carrier exposure
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Navigator Gas | $23.62 | −3.06% | $1.50B | 11.2 | 14.6 | 2.4 | +29.6% |
| StealthGas | $9.12 | −2.77% | $348.8M | 5.8 | 6.0 | 2.1 | −9.2% |
| BW LPG | $24.43 | −3.40% | $3.84B | 8.7 | 6.7 | 1.1 | +79.7% |
| Dorian LPG | $53.89 | −4.85% | $2.42B | 7.5 | 7.7 | 4.2 | +123.1% |
| Median | 7.5 | 6.7 | 2.1 | +79.7% |