A slew of geopolitical issues kept Navigator Holdings in the red for the first three months of 2019.

The David Butters-led gas carrier owner reported $3.3m loss for the first quarter after the close Monday, missing Wall Street expectations by $0.10 per share and down from the nearly $700,000 made for the same period last year.

The company said US sanctions against Venezuela levied in January took the company's two PDVSA-chartered handysize carriers into the spot market.