Basic earnings per share of the Company's common stock is calculated by dividing Net income attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by adjusting the weighted average number of common shares used for calculating basic earnings per share for the effects of all potentially dilutive shares. The following table shows the calculation of both the basic and diluted number of weighted average outstanding shares for the three and six months ended June 30, 2026, and 2025:


	Three months ended June 30, 2025		Three months ended June 30, 2026		Six months ended June 30, 2025		Six months ended June 30, 2026
	(in thousands except for share data)
Net income attributable to stockholders of Navigator Holdings Ltd.	$	21,453	$	52,985	$	48,490	$	88,446

Basic weighted average number of shares	68,808,277		61,617,038		69,097,844		63,271,759
Effect of dilutive potential share options	694,070		751,623		713,107		731,774
Diluted weighted average number of shares	69,502,347		62,368,661		69,810,951		64,003,533

Earnings per share attributable to stockholders of Navigator Holdings Ltd.:
Basic earnings per share	$	0.31	$	0.86	$	0.70	$	1.40
Diluted earnings per share	$	0.31	$	0.85	$	0.69	$	1.38