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Earning Days
Counts days vessels were actually earning revenue by being fixed or employed. Earning days directly drive top-line results; a growing gap between available and earning days can indicate idle capacity or weaker demand.Earning days have moved up from the 2021 baseline into a higher, steadier range—reflecting improved fleet utilization and active fleet renewal—which underpins the record 2025 EBITDA and the stronger capital-return policy. Quarter-to-quarter dips (e.g., mid-2025) track terminal throughput swings, maintenance/newbuild timing and regional disruptions that management flagged. If utilization holds at or above current levels and newbuild financing closes as planned, earning days should sustain cash generation; conversely, terminal volatility or geopolitical closures remain the main near-term downside risks.
Date | Earning Days |
|---|---|
Jun 30, 2026 | 3.76K |
Mar 31, 2026 | 3.72K |
Dec 31, 2025 | 3.86K |
Sep 30, 2025 | 3.93K |
Jun 30, 2025 | 3.62K |
Mar 31, 2025 | 3.91K |
Dec 31, 2024 | 3.92K |
Sep 30, 2024 | 3.68K |
Jun 30, 2024 | 3.87K |
Mar 31, 2024 | 3.77K |