Exhibit 1

NAVIGATOR HOLDINGS LTD. FOURTH QUARTER AND FINANCIAL YEAR 2017 RESULTS

Highlights

• Navigator Holdings Ltd. (NYSE: NVGS) (the “Company”) reports operating revenue of $76.7 million for the three months ended December 31, 2017 and $298.6 million for the full year ended December 31, 2017.

• Maintained strong utilization of 87.2% for the three months ended December 31, 2017 and 87.6% for the year ended December 31, 2017 despite the market downturn.

• Net income was $1.4 million (or $0.03 per share) for the three months ended December 31, 2017 and $5.3 million (or $0.10 per share) for the year ended December 31, 2017, which includes a one-off cost totaling $3.5 million (or $0.06 per share) associated with the redemption of the Company’s senior unsecured bonds.

• EBITDA⁽¹⁾ was $29.6 million for the three months ended December 31, 2017 and $120.8 million for the year ended December 31, 2017.

• The Company has continued to benefit from the increasing demand for the transportation of long-haul petrochemical gases, with petrochemicals accounting for 84% of all spot days during 2017.

• Took delivery of the remaining five newbuilding vessels during 2017, increasing our fleet to 38 vessels. The Company’s newbuild program is complete.

• During 2017 we took an additional four vessels into in-house technical management with an additional vessel in January 2018 taking the total number of in-house technical managed vessels to nine.

• Commenced three year charters with Braskem for two of our ethane/ethylene capable vessels taking ethane from Morgan’s Point, Houston to Braskem’s ethylene complex in Brazil.

• Since the year end, we successfully renewed a contract of affreightment with Mitsubishi International Corporation to utilize three vessels for the majority of 2018 taking ethylene from the Targa terminal, in Houston to Far East Asia.

• Since the year end, we entered into a 50/50 joint venture agreement with Enterprise Product Partners to build a new ethylene marine export terminal along the U.S. Gulf Coast that will have the capacity to export approximately one million tons of ethylene per year. The export terminal is expected to be in service by the first quarter of 2020. The project is supported by long-term contracts with customers that include U.S. ethylene producer Flint Hills Resources and a major international trading company.

Fourth Quarter 2017 Financial Results Overview

Operating revenue for the three months ended December 31, 2017 was $76.7 million, an increase of $1.2 million, or 1.6%, compared to the $75.5 million of operating revenue for the three months ended December 31, 2016.

For the fourth quarter of 2017, the average time charter equivalent rate (“TCE”) ⁽²⁾ across the entire fleet, including our fully-refrigerated vessels, was $626,161 per calendar month ($20,586 per day), compared to $692,213 per calendar month ($22,758 per day) for the comparable period in 2016.

Fleet utilization across the 38 vessels operating at the year end was 87.2% for the fourth quarter of 2017, down from 89.5% in the fourth quarter of 2016.

Operating revenue less voyage expenses amounted to $61.9 million for the three months ended December 31, 2017 compared to $61.5 million in the same three month period of 2016. This decrease was as a result of a reduction in TCE rates of $6.7 million, a reduction in utilization rates of $1.7 million, offset by an $8.8 million increase due to additional vessels in our fleet during the three months ended December 31, 2017 compared to the three months ended December 31, 2016.

Net income was $1.4 million for the three months ended December 31, 2017, or $0.03 per share compared to $7.6 million or $0.14 per share for the same period in 2016.

EBITDA⁽¹⁾ for the fourth quarter of 2017 was $29.6 million and $120.8 million for the full year ended December 31, 2017.

(1) EBITDA is not a measure calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). EBITDA represents net income before net interest expense, income taxes and depreciation and amortization. EBITDA is a basis upon which we assess our financial performance. We believe that it presents useful information to investors regarding a company’s ability to service and/or incur indebtedness, and it is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. EBITDA does not represent and should not be considered as an alternative to consolidated net income or cash generated from operations, as determined by 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 to the most directly comparable GAAP financial measure.

The following table sets forth a reconciliation of EBITDA to net income, the most directly comparable measure calculated in accordance with GAAP, for the periods presented:

	Three months ended December 31, (in thousands)				Year ended December 31, (in thousands)
	2016		2017		2016		2017
Net income	$	7,646	$	1,411	$	44,638	$	5,310
Net interest expense		8,940		9,324		32,142		41,475
Income taxes		575		6		1,177		397
Depreciation and amortization		16,625		18,863		62,280		73,588
EBITDA	$	33,786	$	29,604	$	140,237	$	120,770

(2) TCE rate is a non-GAAP financial measure. TCE rate is a measure of the average daily revenue performance of a vessel. TCE rate is a shipping industry performance measure used primarily to compare period-to-period changes in a shipping company’s performance despite changes in the mix of charter types (i.e., time charters, voyage charters and contracts of affreightment, or “COAs”) under which the vessels may be employed between the periods. Under a time charter, the charterer pays substantially all of the vessel voyage related expenses, whereas for voyage charters we pay all voyage expenses. We include average daily TCE rate, as we believe it provides additional meaningful information in conjunction with operating revenues less voyage expenses, because it assists our management in making decisions regarding the deployment and use of our vessels and in evaluating their financial performance. Our method of calculating TCE rate is to divide operating revenue (net of voyage expenses) by operating days for the relevant time period. See the table below for a reconciliation to the most directly comparable GAAP financial measure.

The following table represents a reconciliation of TCE rate to operating revenue, the most directly comparable financial measure calculated in accordance with GAAP, for the periods presented:

	Three months ended December 31, 2016		Three months ended December 31, 2017
Fleet Data:
Operating revenue	$	75,455	$	76,684
Voyage expenses		13,914		14,781
Operating revenue less Voyage expenses		61,541		61,903
Operating days		2,704		3,007
Average daily time charter equivalent rate	$	22,758	$	20,586

Conference Call Details:

Tomorrow, Tuesday, March 6, 2018, 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.

A telephonic replay of the conference call will be available until Tuesday, March 13, 2018 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#

Audio Webcast:

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.

Navigator Gas

Attention: Investor Relations Department

New York:	650 Madison Ave, 25th Floor, New York, NY 10022. Tel: +1 212 355 5893
London:	10 Bressenden Place, London, SW1E 5DH. Tel: +44 (0)20 7340 4850

About Us

Navigator Holdings Ltd. is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia. We play a vital role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders, with our sophisticated vessels providing an efficient and reliable ‘floating pipeline’ between the parties. We continue to build strong, long-term partnerships based on mutual trust, our depth of technical expertise and a modern versatile fleet. Navigator’s fleet consists of 38 semi- or fully-refrigerated liquefied gas carriers, 14 of which are ethylene and ethane capable.

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 as it matures 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 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 regarding providing in-house technical management for certain vessels in our fleet and our success in providing such in-house technical management;

• our ability to meet our expectations regarding the construction and financing of our proposed investment in an ethylene marine terminal in the U.S. Gulf and our expectations regarding the financial success of such terminal; and

• other factors discussed in other periodic filings with the U.S. 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

(Unaudited)

	December 31, 2016			December 31, 2017
	(in thousands, except share data)
Assets
Current assets
Cash and cash equivalents	$	57,272		$	62,109
Accounts receivable, net		7,059			14,889
Accrued income		13,134			15,791
Prepaid expenses and other current assets		8,541			10,964
Bunkers and lubricant oils		6,937			8,008
Insurance recoverable		855			376
Total current assets		93,798			112,137
Non-current assets
Vessels in operation, net		1,480,359			1,740,139
Vessels under construction		150,492			—
Property, plant and equipment, net		194			1,611
Total non-current assets		1,631,045			1,741,750
Total assets	$	1,724,843		$	1,853,887
Liabilities and stockholders’ equity
Current liabilities
Current portion of secured term loan facilities, net of deferred financing costs	$	78,464		$	81,559
Senior unsecured bond		25,000			—
Accounts payable		6,388			8,071
Accrued expenses and other liabilities		11,377			12,478
Accrued interest		2,932			3,500
Deferred income		3,522			4,824
Total current liabilities		127,683			110,432
Non-current Liabilities
Secured term loan facilities, net of current portion and deferred financing costs		540,680			681,658
Senior unsecured bond, net of deferred financing costs		100,000			98,584
Total non-current liabilities		640,680			780,242
Total Liabilities		768,363			890,674
Commitments and contingencies (see note 12)
Stockholders’ equity
Common stock—$.01 par value per share; 400,000,000 shares authorized; 55,529,762 shares issued and outstanding, (2016: 55,436,087)		554			555
Additional paid-in capital		588,024			589,436
Accumulated other comprehensive loss		(287	)		(277	)
Retained earnings		368,189			373,499
Total stockholders’ equity		956,480			963,213
Total liabilities and stockholders’ equity	$	1,724,843		$	1,853,887

Navigator Holdings Ltd.

Consolidated Statements of Income

(Unaudited)

	Three months ended December 31, (in thousands except share and per share data)						Year ended December 31, (in thousands except share and per share data)
	2016			2017			2016			2017
Revenues
Operating revenue	$	75,455		$	76,684		$	294,112		$	298,595
Expenses
Brokerage commissions		1,430			1,263			5,812			5,368
Voyage expenses		13,914			14,781			42,201			55,542
Vessel operating expenses		22,611			26,956			90,854			100,968
Depreciation and amortization		16,625			18,863			62,280			73,588
General and administrative costs		3,348			3,554			12,528			13,816
Other corporate expenses		366			526			1,976			2,131
Insurance recoverable from vessel repairs		—			—			504			—
Total operating expenses		58,294			65,943			216,155			251,413
Operating income		17,161			10,741			77,957			47,182
Other income/(expense)
Interest expense		(8,879	)		(9,967	)		(32,321	)		(37,691	)
Write off of deferred finance costs		(102	)		495			(102	)		(786	)
Write off of call premium and redemption charges of 9.00% unsecured bond		—			—			—			(3,517	)
Interest income		41			148			281			519
Income before income taxes		8,221			1,417			45,815			5,707
Income taxes		(575	)		(6	)		(1,177	)		(397	)
Net income	$	7,646		$	1,411		$	44,638		$	5,310
Earnings per share:
Basic:	$	0.14		$	0.03		$	0.81		$	0.10
Diluted:	$	0.14		$	0.03		$	0.80		$	0.10
Weighted average number of shares outstanding:
Basic:		55,436,087			55,529,762			55,418,626			55,508,974
Diluted:		55,810,365			55,898,502			55,794,481			55,881,454

Navigator Holdings Ltd.

Consolidated Statements of Comprehensive Income

(Unaudited)

	Three months ended December 31, (in thousands)					Year ended December 31, (in thousands)
	2016		2017			2016		2017
Net income	$	7,646	$	1,411		$	44,638	$	5,310
Other Comprehensive Income:
Foreign currency translation gain/(loss)		114		(242	)		178		10
Total Comprehensive Income		7,760		1,169			44,816		5,320

Consolidated Statements of Stockholders’ Equity

(Unaudited)

(in thousands, except share data)

							Accumulated
	Common stock						Other
	Number of shares		Amount 0.01 par value		Additional Paid-in Capital		Comprehensive Income (Loss)			Retained Earnings		Total
January 1, 2015		55,346,613		553		584,808		(254	)		225,457	$	810,564
Restricted shares issued March 17, 2015		16,854		1		—		—			—		1
Net income		—		—		—		—			98,094		98,094
Foreign currency translation		—		—		—		(211	)		—		(211	)
Share-based compensation plan		—		—		1,643		—			—		1,643
December 31, 2015		55,363,467	$	554	$	586,451	$	(465	)	$	323,551	$	910,091
Restricted shares issued March 29, 2016		72,620		—		—		—			—		—
Net income		—		—		—		—			44,638		44,638
Foreign currency translation		—		—		—		178			—		178
Share-based compensation plan		—		—		1,573		—			—		1,573
December 31, 2016		55,436,087	$	554	$	588,024	$	(287	)	$	368,189	$	956,480
Restricted shares issued March 23, 2017		93,675		1		—		—			—		1
Net income		—		—		—		—			5,310		5,310
Foreign currency translation		—		—		—		10			—		10
Share-based compensation plan		—		—		1,412		—			—		1,412
December 31, 2017		55,529,762	$	555	$	589,436	$	(277	)	$	373,499	$	963,213

Navigator Holdings Ltd.

Consolidated Statements of Cash Flows

(Unaudited)

	Year ended December 31, 2016 (in thousands)			Year ended December 31, 2017 (in thousands)
Cash flows from operating activities
Net income	$	44,638		$	5,310
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization		62,280			73,588
Payment of drydocking costs		(9,902	)		(268	)
Amortization of share-based compensation		1,573			1,412
Amortization of deferred financing costs		3,091			3,217
Call option premium on redemption of 9.00% unsecured bond		—			2,500
Prior year expenses recovered from insurance claim		—			(504	)
Insurance claim debtor		60			(7	)
Unrealized foreign exchange		208			3
Changes in operating assets and liabilities
Accounts receivable		1,991			(7,831	)
Bunkers and lubricant oils		(3,457	)		(1,074	)
Prepaid expenses and other current assets		(7,694	)		(5,079	)
Accounts payable, accrued interest and other liabilities		(6,040	)		4,654
Net cash provided by operating activities		86,748			75,921
Cash flows from investing activities
Payment to acquire vessels		(1,733	)		(1,940	)
Payment for vessels under construction		(239,179	)		(180,629	)
Purchase of other property, plant and equipment		(75	)		(1,726	)
Receipt of shipyard penalty payments		1,901			280
Placement of short term investment		—			(25,000	)
Release of short term investment		—			25,000
Insurance recoveries		9,374			990
Capitalized costs for the repair of Navigator Aries		(8,441	)		—
Net cash used in investing activities		(238,153	)		(183,025	)
Cash flows from financing activities
Proceeds from secured term loan facilities		327,670			395,170
Issuance of 7.75% senior unsecured bonds		—			100,000
Repayment of 9.00% senior unsecured bonds		—			(127,500	)
Issuance cost of 7.75% senior unsecured bonds		—			(1,819	)
Direct financing cost of secured term loan facilities		(2,680	)		(2,058	)
Repayment of secured term loan facilities		(204,092	)		(251,852	)
Net cash provided by financing activities		120,898			111,941
Net (decrease) / increase in cash and cash equivalents		(30,507	)		4,837
Cash and cash equivalents at beginning of year		87,779			57,272
Cash and cash equivalents at end of year	$	57,272		$	62,109
Supplemental Information
Total interest paid during the year, net of amounts capitalized	$	29,815		$	35,890
Total tax paid during the year	$	601		$	515