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NAVIGATOR HOLDINGS LTD . PRELIMINARY SECOND QUARTER 2021 RESULTS ( UNAUDITED ) Exhibit 1 Highlights Navigator Holdings Ltd. ( the “ Company ” , “ we ” , “ our ” and “ us ” ) ( NYSE : NVGS ) reported operating revenue of $ 85.9 million for the three months ended June 30 , 2021 , compared to $ 82.5 million for the three months ended June 30 , 2020 . Net income was $ 0.3 million ( earnings per share of $ 0.01 ) for the three months ended June 30 , 2021 , compared to a net income of $ 3.0 million ( earnings per share of $ 0.05 ) for the three months ended June 30 , 2020 . Adjusted EBITDA ( 1 ) was $ 28.2 million for the three months ended June 30 , 2021 , compared to $ 31.9 million for the three months ended June 30 , 2020 . Fleet utilization was 85.4 % for the three months ended June 30 , 2021 , a reduction from the 88.3 % achieved for the three months ended June 30 , 2020 . The ethylene export marine terminal at Morgan's Point , Texas on the Houston Ship Channel ( the " Marine Export Terminal " ) had throughput volumes of 155,428 tons for the three months ended June 30 , 2021 , compared 103,220 tons for the three months ended June 30 , 2020 . Four 12 - month time charters with Mitsui & Co. Energy Trading Singapore Pte . Ltd. commenced during the quarter , transporting LPG from Pembina Pipeline Corporation's new LPG export facility at Prince Rupert , British Columbia , West Coast Canada . A fifth vessel is scheduled to enter service on this route in October 2021 . Navigator loaded the first cargo from the new 20,000bbls per day Repauno LPG Export Terminal on the U.S. East Coast in April 2021 , followed by two similar cargoes loadings in May . On August 4 , 2021 , the Company entered into the previously announced transaction with Naviera Ultranav Limitada ( " Ultranav " ) to merge the Ultragas ApS ( “ Ultragas ” ) fleet and business activities with Navigator . The addition of their 18 vessels will give a combined fleet of 56 vessels which will enhance our capability to provide flexibility , choice and support to our customers . In April 2021 , we published our inaugural CSR report . The Company's financial information for the quarter ended June 30 , 2021 included in this press release is preliminary and is subject to change in connection with the completion of the Company's quarter - end close procedures and further financial review . Actual results may differ from these estimates as a result of the completion of the Company's quarter - end closing procedures , review adjustments and other developments that may arise between now and the time such financial information for the quarter ended June 30 , 2021 is finalized . 1