Exhibit 1

NAVIGATOR HOLDINGS LTD. ANNOUNCES PRELIMINARY RESULTS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2016

Highlights

• Navigator Holdings Ltd. (NYSE: NVGS) (the “Company”, “we” or “our”) reports net income of $6.5 million for the three months ended September 30, 2016, with earnings per share of $0.12.

• Revenue was $69.7 million for the three months ended September 30, 2016.

• EBITDA⁽¹⁾ was $30.4 million for the three months ended September 30, 2016.

• Took delivery of the first of our four midsize semi-refrigerated ethane/ethylene capable newbuilding vessels, on August 2, 2016 Navigator Aurora. This vessel will commence on a ten-year charter in December 2016.

• On October 8, 2016 Navigator Eclipse, the second of our four midsize semi-refrigerated ethane/ethylene capable vessels, was delivered. This vessel will commence a nine-month time charter in November 2016.

• On October 31, 2016, the Company entered into a new $220.0 million Facility Agreement to, among other things, refinance two existing facilities that mature in April 2017 and provide delivery financing of up to 70% for our newbuilding Navigator Jorf.

• The Company has benefited from increasing demand for the transportation of petrochemicals gases, with the proportion of our total revenue from long-haul trade increasing from 20% in the first quarter to approximately 45% in the third quarter 2016.

Throughout the third quarter of 2016, the narrow arbitrage for liquefied petroleum gas (LPG) continued to stifle any material change in freight rates or employment. Several very large gas carrier (VLGC) cargo stems nominated for exports from the U.S. Gulf were cancelled during the first part of the third quarter of 2016, due to negative returns after taking into account terminal fees and transportation costs against the landed cost at the various buying locations. U.S. inventories of LPG reached 100 million barrels during the quarter however this had little impact in increasing U.S competitiveness against other global producing areas. VLGC and Medium sized gas carrier quoted 12 months charter rates declined from $640,000 per calendar month (pcm) and $645,000 pcm respectively at the end of second quarter to $480,000 pcm / $565,000 pcm at the end of the third quarter, with the handysize semi-refrigerated quoted 12 month charter rates reducing from $625,000 pcm to $515,000 pcm over the quarter.

Due to the challenged LPG market we have continued to migrate our available fleet from transporting LPG to petrochemical trades. These trades are typically deep sea in nature which provides utilization and increasing probability of triangulation between the various petrochemical gases. Our product portfolio and customer mix have dramatically changed during the year as a direct effect of this transition, as our capabilities to participate in transporting petrochemicals have created more opportunities for us than if our vessels were only capable of transporting LPG. At the beginning of 2016, the transportation of petrochemicals accounted for less than half of our earning days for those vessels trading on the spot market, whereas in this third quarter, the percentage had increased to approximately 90%, helping us to maintain or improve utilization. Given the forward curve of hydrocarbon market pricing and the additional vessels coming to the global fleet, we expect LPG market softness to continue for the remainder of 2016 and much of 2017.

¹ EBITDA is a non-GAAP financial measure and represents net income before net interest expense, income taxes and depreciation and amortization. Management believes that EBITDA is useful to investors in evaluating the operating performance of the Company. EBITDA does not represent and should not be considered as an alternative to any financial measure prepared in accordance with U.S. GAAP, and our calculation of EBITDA may not be comparable to that reported by other companies. See the table below for a reconciliation of EBITDA to net income, our most directly comparable financial measure calculated accordance with U.S. GAAP.

Reconciliation of Non-GAAP Financial Measure

The following table sets forth a reconciliation of net income to EBITDA for the three months ended September 30, 2016:

	$’000’s
Net income	$	6,476
Net interest expense		7,886
Income taxes		207
Depreciation and amortization		15,804
EBITDA	$	30,373

A Form 6-K with more detailed information on our third quarter 2016 financial results is being filed with the U.S. Securities and Exchange Commission simultaneous with this release for the quarter ended September 30, 2016.

Conference Call Details:

Tomorrow, Tuesday, November 8, 2016, at 9:00 A.M. ET, the Company’s management team will host a conference call to discuss the financial results.

Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1 (866) 819-7111 (US Toll Free Dial In), 0(800) 953-0329 (UK Toll Free Dial In) or +44 (0)1452-542-301 (Standard International Dial In). Please quote “Navigator” to the operator.

There will also be a live, and then archived, webcast of the conference call, available through the Company’s website (www.navigatorgas.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

A telephonic replay of the conference call will be available until Tuesday, November 15, 2016 by dialing 1(866) 247-4222 (US Toll Free Dial In), 0(800) 953-1533 (UK Toll Free Dial In) or +44 (0)1452 550-000 (Standard International Dial In). Access Code: 11870348#

Navigator Gas

Attention: Investor Relations Department

New York:	399 Park Avenue, 38th Floor, New York, NY 10022. Tel: +1 212 355 5893
London:	21 Palmer Street, London, SW1H 0AD.   Tel: +44 (0)20 7340 4850

About Us

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 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 five newbuildings scheduled for delivery by July 2017.

FORWARD LOOKING STATEMENTS

Statements included in this press release concerning plans and objectives of management for future operations or economic performance, or assumptions related thereto, including our financial forecast, contain forward-looking statements. In addition, we and our representatives may from time to time make other oral or written statements that are also forward-looking statements. Such statements include, in particular, statements about our plans, strategies, business prospects, changes and trends in our business and the markets in which we operate as described in this press release. In some cases, you can identify the forward-looking statements by the use of words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” or the negative of these terms or other comparable terminology. These risks and uncertainties include, but are not limited to:

• future operating or financial results;

• pending acquisitions, business strategy and expected capital spending;

• operating expenses, availability of crew, number of off-hire days, drydocking requirements and insurance costs;

• fluctuations in currencies and interest rates;

• general market conditions and shipping market trends, including charter rates and factors affecting supply and demand;

• our financial condition and liquidity, including our ability to refinance our indebtedness that matures in 2017 or obtain additional financing in the future to fund capital expenditures, acquisitions and other corporate activities;

• estimated future capital expenditures needed to preserve our capital base;

• our expectations about the receipt of our five newbuildings and the timing of the receipt thereof;

• our expectations about the availability of vessels to purchase, the time that it may take to construct new vessels, or the useful lives of our vessels;

• our continued ability to enter into long-term, fixed-rate time charters with our customers;

• changes in governmental rules and regulations or actions taken by regulatory authorities;

• potential liability from future litigation;

• our expectations relating to the payment of dividends;

• our expectation that we will continue to provide in-house technical management for some vessels in our fleet and our success in providing such in-house technical management; and

• other factors detailed from time to time in other periodic reports we file with the Securities and Exchange Commission.

We expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations, or otherwise. We make no prediction or statement about the performance of our common stock.

Navigator Holdings Ltd.

Consolidated Balance Sheets

	December 31, 2015			September 30, 2016
				(Unaudited)
	(in thousands except share data)
Assets
Current assets
Cash and cash equivalents	$	87,779		$	49,847
Accounts receivable, net		9,050			10,637
Accrued income		5,647			9,798
Prepaid expenses and other current assets		8,754			9,194
Inventories		3,480			6,750
Insurance recoverable		10,289			5,422
Total current assets		124,999			91,648
Non-current assets
Vessels in operation, net		1,264,451			1,413,887
Vessels under construction		170,776			154,025
Property, plant and equipment, net		279			198
Total non-current assets		1,435,506			1,568,110
Total assets	$	1,560,505		$	1,659,758
Liabilities and stockholders’ equity
Current liabilities
Current portion of long-term debt, net of deferred financing costs	$	59,024		$	182,808
Accounts payable		11,471			5,371
Accrued expenses and other liabilities		9,065			9,295
Accrued interest		3,117			5,802
Deferred income		6,606			1,823
Total current liabilities		89,283			205,099
Non-current liabilities
Secured term loan facilities, net of current portion and deferred financing costs		436,131			381,326
Senior unsecured bond		125,000			125,000
Total non-current liabilities		561,131			506,326
Total liabilities		650,414			711,425
Stockholders’ equity
Common stock – $.01 par value; 400,000,000 shares authorized; 55,437,695 shares issued and outstanding, (2015: 55,363,467)		554			554
Additional paid-in capital		586,451			587,637
Accumulated other comprehensive loss		(465	)		(401	)
Retained earnings		323,551			360,543
Total stockholders’ equity		910,091			948,333
Total liabilities and stockholders’ equity	$	1,560,505		$	1,659,758

Navigator Holdings Ltd.

Consolidated Statements of Income

(Unaudited)

	Three months ended September 30, (in thousands except share data)						Nine months ended September 30, (in thousands except share data)
	2015			2016			2015			2016
Revenues
Operating revenue	$	78,215		$	69,741		$	236,553		$	218,657
Expenses
Brokerage commissions		1,655			1,372			5,191			4,382
Voyage expenses		9,187			11,869			27,362			28,287
Vessel operating expenses		20,379			22,126			57,692			68,243
Depreciation and amortization		12,949			15,804			38,860			45,655
General and administrative costs		2,742			3,120			8,096			9,180
Other corporate expenses		781			377			2,314			1,610
Write off of insurance claim receivable		—			504			—			504
Profit from sale of vessel		(550	)		—			(550	)		—
Total operating expenses		47,143			55,172			138,965			157,861
Operating income		31,072			14,569			97,588			60,796
Other income/(expense)
Interest expense		(7,124	)		(7,957	)		(20,920	)		(23,442	)
Write off of deferred financing costs		—			—			(1,797	)		—
Interest income		59			71			89			240
Income before income taxes		24,007			6,683			74,960			37,594
Income taxes		(160	)		(207	)		(610	)		(602	)
Net income	$	23,847		$	6,476		$	74,350		$	36,992
Earnings per share:
Basic:	$	0.43		$	0.12		$	1.34		$	0.67
Diluted:	$	0.43		$	0.12		$	1.33		$	0.66
Weighted average number of shares outstanding:
Basic:		55,363,467			55,437,695			55,358,837			55,413,855
Diluted:		55,741,907			55,812,935			55,694,039			55,790,240

Navigator Holdings Ltd.

Consolidated Statements of Cash Flows

(Unaudited)

	Nine Months ended September 30, 2015			Nine Months ended September 30, 2016
	(in thousands)			(in thousands)
Cash flows from operating activities
Net income	$	74,350		$	36,992
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization		38,860			45,655
Payment of drydocking costs		(7,023	)		(9,729	)
Insurance claim debtor		—			167
Amortization of share-based compensation		1,223			1,186
Amortization of deferred financing costs		4,083			2,233
Unrealized foreign exchange		(69	)		84
Profit from sale of vessel		(550	)		—
Changes in operating assets and liabilities
Accounts receivable		(3,018	)		(1,586	)
Inventories		1,044			(3,269	)
Accrued income and prepaid expenses and other current assets		(935	)		(5,009	)
Accounts payable, accrued interest and other liabilities		672			(7,970	)
Net cash provided by operating activities		108,637			58,754
Cash flows from investing activities
Payment to acquire vessels		(2,076	)		(1,372	)
Payment for vessels under construction		(164,638	)		(158,403	)
Purchase of other property, plant and equipment		(94	)		(42	)
Receipt of shipyard penalty payments		1,276			417
Insurance recoveries		391			4,700
Proceeds from sale of vessel		31,958			—
Capitalized costs for the repairs of Navigator Aries		—			(8,732	)
Net cash used in investing activities		(133,183	)		(163,432	)
Cash flows from financing activities
Proceeds from secured term loan facilities		126,550			116,970
Direct financing costs of secured term loan facilities		(2,399	)		(155	)
Repayment of secured term loan facilities		(54,771	)		(50,069	)
Net cash provided by financing activities		69,380			66,746
Net increase/(decrease) in cash and cash equivalents		44,834			(37,932	)
Cash and cash equivalents at beginning of period		62,526			87,779
Cash and cash equivalents at end of period	$	107,360		$	49,847
Supplemental Information
Total interest paid during the period, net of amounts capitalized	$	18,925		$	21,997
Total tax paid during the period	$	491		$	454