NVGS earnings call for the period ending March 31, 2020.
News & Analysis: Navigator Holdings
Nothing big happened at the liquified natural gas shipper, but a key market watcher suggested it has a bright future.
Navigator is entering into a joint venture with Enterprise Products Partners to develop an ethylene marine export terminal on the U.S. Gulf Coast. Will this be a big deal for Navigator?
While many of its maritime shipping competitors and peers struggle, this liquefied gas transporter has remained profitable. Better yet, its quarterly profits were much stronger than expected, and were up sequentially.
Declining shipping rates for Liquid Petroleum Gas are taking a big bite out of Navigator Holdings shares lately