eastunder
7 years ago
Enterprise and Navigator Gas to Develop Ethylene Marine Export Terminal
HOUSTON and LONDON, July 12, 2017 /PRNewswire/ --
Enterprise Products Partners L.P. (NYSE: EPD) and Navigator Holdings Ltd. (NYSE: NVGS) today announced the execution of a letter of intent to jointly develop an ethylene marine export terminal on the Houston Ship Channel. Enterprise would manage the construction, operations and commercial activities of the proposed terminal, which would be located at Enterprise's Morgan's Point complex. Enterprise's Morgan's Point facility has a 45-foot draft and includes Enterprise's ethane marine export terminal, the world's largest. Navigator Gas has extensive experience with ethylene shipping through its fleet of 14 ethylene-capable vessels that provide a virtual pipeline to deliver ethylene to consuming customers.
The ethylene export terminal would be connected to Enterprise's high-capacity ethylene salt dome storage and ethylene pipeline system, which is currently under construction. Enterprise's ethylene storage facility will have approximately 600 million pounds of capacity with an injection/withdrawal rate of 210,000 pounds per hour expandable to 420,000 pounds per hour. Enterprise's ethylene pipeline system will be connected to multiple producers and consumers of ethylene on the U.S. Gulf Coast.
The U.S. petrochemical industry is expanding its ethylene production capacity by 45 percent between 2016 and 2020, based on currently announced projects. These expansions are driven by plentiful, low-cost supplies of natural gas and ethane as a result of the development of U.S. shale reserves. Almost 90 percent of these expansions are at facilities located along the Texas and Louisiana Gulf Coast. Enterprise's ethylene storage and pipeline system, together with the proposed ethylene export terminal, would provide the petrochemical industry with logistical flexibility and an outlet to international markets.
"We are very pleased to work with Navigator Gas in efforts to commercialize an industry leading ethylene marine export terminal on the Houston Ship Channel with unsurpassed connectivity to ethylene producers and pipeline and storage infrastructure," said A.J. "Jim" Teague, chief executive officer of the general partner of Enterprise. "Customers would have the ability to manage the transportation and storage of ethylene supplies from the tailgate of producing facilities to domestic and international consuming derivative plants. The proposed ethylene export terminal would provide U.S. petrochemical companies critical market diversification rather than relying solely on polyethylene export markets."
"A strategically located ethylene export terminal is the key to unlocking growing petrochemical production capacity in the U.S. We are proud to work with Enterprise, with their proven commercial and technical capabilities, on a project that promises to meet the needs of our customers and provides the seamless transportation of ethylene from the producer to the customer," commented David Butters, chief executive officer of Navigator Gas.
Formation of the 50/50 joint venture to build, own and operate the ethylene marine export terminal is subject to the negotiation and execution of definitive agreements and approval by the respective boards of directors of Enterprise and Navigator Holdings. The commercialization of the project is subject to sufficient long-term customer commitments.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Enterprise's services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and export and import terminals; crude oil gathering, transportation, storage, export and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership's assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
Navigator Holdings Ltd. is the owner and operator of the world's largest combined fleet of handysize and midsize liquefied gas carriers, including the largest fleet of ethylene vessels, by tonnage. Navigator Holdings provides international and regional seaborne transportation services of ethylene, ethane, LPG, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. Navigator Holdings's fleet of 38 vessels, 14 of which are the largest ethylene and ethane-capable liquefied gas carriers available in the market, enables cost-effective and efficient long-haul transportation of ethylene for our customers.
eastunder
9 years ago
Navigator Holdings Ltd. Preliminary First Quarter 2015 results
Highlights
Navigator Holdings Ltd. (NYSE: NVGS) reports net income of $22.0 million for the three months ended March 31, 2015, up 30.5% compared to the three months ended March 31, 2014.
EBITDA1 increased 25% to $44.7 million for the three months ended March 31, 2015 from $36.0 million for the three months ended March 31, 2014.
Earnings per share increased to $0.40 for the three months ended March 31, 2015, after a write off of deferred financing costs equating to $0.03 per share, compared to earnings per share of $0.31 for the three months ended March 31, 2014.
Completed the delivery of another newbuilding vessel, Navigator Triton, on January 9, 2015, taking our total fleet to 27 vessels on the water at March 31, 2015. We added a 28th vessel, a semi-refrigerated ethylene carrier, Navigator Umbrio, on April 27, 2015.
A current 10 semi-refrigerated gas carriers newbuildings on order, for delivery between June 2015 and March 2017.
First Quarter 2015 Financial Results Overview
Operating revenue for the three months ended March 31, 2015 was $74.2 million, an increase of $4.4 million, or 6.3%, when compared to operating revenue of $69.8 million for the three months ended March 31, 2014. This increase was due to an increase in the weighted average number of vessels in our fleet, improvements in the average monthly charter rates and an increase in vessel utilization, offset by a decrease as a result of the fall in bunker prices.
During the first quarter of 2015, the average time charter equivalent rate across the entire fleet, including our fully-refrigerated vessels, was approximately $887,560 per calendar month ($29,180 per day), compared to $871,385 per calendar month ($28,648 per day) for the comparable period in 2014.
Fleet utilization across the 27 vessels operating during the three months ended March 31, 2015 increased slightly to 97.0% for the first quarter of 2015, from 96.9% of the first quarter of 2014.
Costs were in line with expectations with any increases primarily as a result of the increase in the number of vessels we operated.
The write off of deferred financing costs of $1.8 million for the three months ended March 31, 2015 related to finance costs associated with one of our previous secured term loan facilities, which was refinanced during the three months ended March 31, 2015, in accordance with U.S. GAAP.
Net operating revenue, which is operating revenue less voyage expenses, amounted to $67.3 million for the three months ended March 31, 2015, up from $59.9 million for the same period in 2014. Of this increase, $6.1 million resulted from the additional vessels in the fleet, $1.2 million from an increase in charter rates and $0.1 million from a slight increase in vessel utilization.
Net income rose 30.5% to $22.0 million for the three months ended March 31, 2015, from $16.9 million for the three months ended March 31, 2014. Earnings per share was $0.40 for the three months ended March 31, 2015 compared to $0.31 per share for the three months ended March 31, 2014.
EBITDA for the first quarter of 2015 was $44.7 million, compared to $36.0 million for the first quarter of 2014.
stocktrademan
9 years ago
$NVGS DD Notes ~ http://www.ddnotesmaker.com/NVGS
bullish
quick trade
bullish divergence
$NVGS recent news/filings
## source: finance.yahoo.com
Wed, 24 Dec 2014 17:54:00 GMT ~ Navigator Holdings Ltd Shares Surge After "Mad Money" Commentary
read full: http://www.thestreet.com/story/12995409/1/navigator-holdings-ltd-shares-surge-after-mad-money-commentary.html?puc=yahoo&cm_ven=YAHOO
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Wed, 24 Dec 2014 14:10:00 GMT ~ Stock Futures Drift Higher; Airlines Rise As Oil Slips
read full: http://news.investors.com/122414-731983-stock-futures-point-higher-wednesday.htm?ven=yahoocp&src=aurlled&ven=yahoo
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Fri, 21 Nov 2014 16:28:00 GMT ~ Navigator Holdings Ltd. Announces Changes to Board Of Directors
[PR Newswire] - LONDON, November 21, 2014 /PRNewswire/ -- Navigator Holdings Ltd. ("Navigator") (NYSE: NVGS), announces today that Wendy Teramoto has joined our board of directors effective immediately. Ms. ...
read full: http://finance.yahoo.com/news/navigator-holdings-ltd-announces-changes-162800315.html
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Mon, 03 Nov 2014 21:02:00 GMT ~ Navigator Holdings Ltd. Orders Two Handysized LPG Carriers
[PR Newswire] - Navigator Holdings Ltd. (the "Company") (NVGS) today announced that the Company has ordered two 22,000 cubic meter semi-refrigerated liquefied gas carriers at Hyundai Mipo Dockyard ("HMD") in South Korea at a construction cost of $51.0 million each. These two LPG vessels will operate on agreed time charters for an initial term of five years from delivery, with a charterer's option, exercisable prior to the delivery of the vessels, to extend the term for an additional five years - making them each ten year time charters. Navigator Gas is the owner and operator of the world's largest fleet of handysize liquefied gas carriers and provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. Navigator's fleet consists of 38 semi- or fully-refrigerated liquefied gas carriers, including thirteen newbuildings scheduled for delivery by the end of March 2017. Statements included in this press release concerning plans and objectives of Navigator's ("we,"or "our") management for future operations or economic performance, or assumptions related thereto, contain forward-looking statements.
read full: http://finance.yahoo.com/news/navigator-holdings-ltd-orders-two-210200416.html
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Mon, 03 Nov 2014 21:02:00 GMT ~ Navigator Holdings Ltd. Announces its Third Quarter 2014 Results
[PR Newswire] - LONDON, November 3, 2014 /PRNewswire/ -- Navigator Holdings Ltd. ("Navigator") (NYSE: NVGS), the owner and operator of the world's largest fleet of handysize liquefied gas carriers, announced ...
read full: http://finance.yahoo.com/news/navigator-holdings-ltd-announces-third-210200634.html
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$NVGS charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$NVGS company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/NVGS/company-info
Ticker: $NVGS
OTC Market Place: Not Available
CIK code: not found
Company name: Navigator Holdings Ltd.
Incorporated In:
$NVGS share structure
## source: otcmarkets.com
Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$NVGS extra dd links
Company name: Navigator Holdings Ltd.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=NVGS+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=NVGS+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=NVGS+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/NVGS/news - http://finance.yahoo.com/q/h?s=NVGS+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/NVGS/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/NVGS/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=NVGS+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/NVGS
DTCC (dtcc.com): http://search2.dtcc.com/?q=Navigator+Holdings+Ltd.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Navigator+Holdings+Ltd.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Navigator+Holdings+Ltd.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/NVGS
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/NVGS/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/NVGS/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=NVGS&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=NVGS
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/NVGS/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=NVGS+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=NVGS+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=NVGS
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=NVGS
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=NVGS+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/NVGS/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=NVGS+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/NVGS.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=NVGS
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/NVGS/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/NVGS/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/NVGS
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/NVGS
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/NVGS:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=NVGS
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=NVGS
$NVGS DD Notes ~ http://www.ddnotesmaker.com/NVGS
eastunder
10 years ago
5/6/14
Navigator Holdings Ltd. Announced its First Quarter 2014 Results
May 6, 2014 4:15 PM EDT
LONDON, May 6, 2014 /PRNewswire/ --
Navigator Holdings Ltd. ("Navigator") (NYSE: NVGS), the owner and operator of the world's largest fleet of handysize liquefied gas carriers, announced today its financial and operating results for the three months ended March 31, 2014.
Highlights
Navigator Holdings Ltd. (NYSE: NVGS) reports revenue of $69.8 million for the first quarter ended March 31, 2014, an increase of 65% from revenue of $42.3 million for the first quarter of 2013, primarily as a result of the increase in the number of vessels in our fleet
Net income increased to $16.9 million for the first quarter ended March 31, 2014, compared to $7.6 million for the first quarter of 2013
EBITDA[1] increased to $35.9 million for the three months ended March 31, 2014 from $20.7 million for the three months ended March 31, 2013
Earnings per share increased to $0.31 for the three months ended March 31, 2014 from $0.18 for the three months ended March 31 2013, based on a significantly increased number of shares outstanding
Exercises an option to build an additional three 35,000 cubic meter ethylene/ethane capable semi-refrigerated liquefied gas carriers in April 2014
Thirteen newbuilding semi-refrigerated gas carriers on order, scheduled for delivery between June 2014 and December 2016
eastunder
10 years ago
Want to Invest in Natural Gas Exports? Check Out These Companies
http://www.fool.com/investing/general/2014/06/30/want-to-invest-in-natural-gas-exports-check-out-th.aspx
Navigator Gas is the larger of the two, with a relatively new fleet of 24 ships in the water generating some $266 million in annual sales, and four more under construction. Navigator carries much less debt -- $575 million -- compared to GasLog's $1.17 billion. Of these two, only GasLog actually transports LNG, while Navigator Holdings transports petrochemical products, ammonia (largely used in fertilizers), and LPG (liquid petroleum gas), which is mainly propane and butane, which are byproducts of natural gas/oil production and crude oil refining.
The key? Increased production of natural gas will lead to increased output of LPG and other natural gas byproducts, of which there is strong international demand. So, while it doesn't directly ship LNG, the increased production of natural gas for export will lead to more product for Navigator Holdings to ship.
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