Want to see NVGS full AI Analyst Report?
Average Daily Time Charter Equivalent
Shows the average daily revenue per vessel after voyage-related costs, translating mixed voyage and charter contracts into a single earnings rate. It’s a key indicator of pricing power and short-term profitability because small moves in daily TCE quickly affect cash flow and margins.Average daily TCE has moved from cyclical mid-cycle lows into a sustained, above-breakeven run, culminating in 2025 at cycle-high levels that underpin record EBITDA and enabled higher capital returns. Management expects TCE and utilization to stay at or above Q4’s strong level, giving wide margin cushion versus all-in breakeven (~$21k/day) and room for dividends/buybacks. Still, quarter-to-quarter volatility and terminal throughput swings — plus geopolitical risks — mean earnings remain sensitive: roughly $18M of adjusted EBITDA moves per $1,000 TCE change.
Date | Average Daily Time Charter Equivalent |
|---|---|
Jun 30, 2026 | $33.95K |
Mar 31, 2026 | $29.68K |
Dec 31, 2025 | $30.65K |
Sep 30, 2025 | $30.97K |
Jun 30, 2025 | $28.22K |
Mar 31, 2025 | $30.48K |
Dec 31, 2024 | $28.34K |
Sep 30, 2024 | $29.08K |
Jun 30, 2024 | $29.55K |
Mar 31, 2024 | $28.34K |