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Navios Maritime Partners L.P.(NMM) - 2025 Q1 - Earnings Call Transcript
2025-05-07 13:32
Navios Maritime Partners (NMM) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Company Participants Angeliki Frangou - Chairwoman, CEO & DirectorEfstratios Desypris - COOErifili Tsironi - CFOVincent Vandewalle - Chief Trading officerOmar Nokta - Managing Director Operator Thank you for joining us for Navios Maritime Partners First Quarter twenty twenty five Earnings Conference Call. With us today from the company are Chairwoman and CEO, Ms. Angeliki Frangou Chief Operating Officer, Mr. Stratos Desypris Chief ...
Navios Maritime Partners L.P.(NMM) - 2025 Q1 - Earnings Call Transcript
2025-05-07 13:30
Navios Maritime Partners (NMM) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Speaker0 Thank you for joining us for Navios Maritime Partners First Quarter twenty twenty five Earnings Conference Call. With us today from the company are Chairwoman and CEO, Ms. Angeliki Frangou Chief Operating Officer, Mr. Stratos Desypris Chief Financial Officer, Ms. Zerifili Tironi Chief Trading Officer, Mr. Vincent van der Valle. As a reminder, this conference call is being webcast. To access the webcast, please go to the I ...
Navios Maritime Partners L.P.(NMM) - 2025 Q1 - Earnings Call Presentation
2025-05-07 11:41
DRAFT Navios Maritime Partners L.P. (NYSE:NMM) First Quarter 2025 Earnings Presentation May 7, 2025 1 1 Forward-Looking Statements This presentation contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, TCE rates and Navios Partners' expected cash flow generation, future contracted revenues, future distributions and its ability to make distributio ...
Navios Maritime Partners L.P. Reports Financial Results for the First Quarter Ended March 31, 2025
GlobeNewswire· 2025-05-07 11:18
Financial Performance - Navios Maritime Partners reported revenue of $304.1 million for Q1 2025, a decrease of 4.6% from $318.6 million in Q1 2024 [16][14] - EBITDA for Q1 2025 was $147.6 million, down from $166.2 million in Q1 2024 [15][17] - Net income for Q1 2025 was $41.7 million, compared to $73.4 million in Q1 2024 [14][18] - Earnings per common unit were $1.38 for Q1 2025, down from $2.38 in Q1 2024 [37] Operational Highlights - The fleet consisted of 69 dry bulk vessels, 49 containerships, and 56 tankers, with a total of 154 vessels operating at the end of the period [11][22] - The average Time Charter Equivalent (TCE) rate decreased by 1.1% to $21,271 per day [16][22] - Available days for the fleet slightly decreased by 0.6% to 13,456 days [16][22] Cash Management - The company declared a cash distribution of $0.05 per unit for Q1 2025, with an annualized rate of $0.20 [4] - As of May 1, 2025, Navios Partners repurchased 423,984 common units for approximately $16.1 million [3] Fleet Transactions - Navios Partners sold three vessels for gross proceeds of $34.7 million, with an average age of 19.1 years [5][6] - Four newbuilding vessels were delivered in 2025, including two aframax/LR2 tankers and two LNG dual fuel containerships [8] Financing Activities - The company extended the maturity of a sale and leaseback transaction for $45.4 million, maturing in Q1 2029 [9] - Interest rate swaps were entered into for a notional amount of $87.9 million to hedge interest rates on existing credit facilities [10] Future Outlook - Navios Partners has contracted revenue of $3.4 billion as of April 2025, with expected revenues of $714.1 million and $719.1 million for the last nine months of 2025 and for all of 2026, respectively [12]
Navios Maritime Partners L.P. Announces the Date for the Release of First Quarter Ended March 31, 2025 Results, Conference Call and Webcast
GlobeNewswire· 2025-05-02 13:18
Conference Call & Webcast: Wednesday, May 7, 2025 at 8:30 am ETPIRAEUS, Greece, May 02, 2025 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM) announced today that it will host a conference call on Wednesday, May 7, 2025 at 8:30 am ET, at which time Navios Partners' senior management will provide highlights and commentary on earnings results for the first quarter ended March 31, 2025. The Company will report results for the first quarter ended March 31, 2025, prior to the conf ...
Navios Maritime Partners LP (NMM) Rises Higher Than Market: Key Facts
ZACKS· 2025-04-01 23:05
In the latest trading session, Navios Maritime Partners LP (NMM) closed at $39.38, marking a +0.41% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.38%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq gained 0.87%. The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 38% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our in ...
Navios Maritime Partners L.P. Announces Availability of Its Form 20-F for the Year Ended December 31, 2024
GlobeNewswire· 2025-03-31 12:58
Navios Maritime Partners L.P. Attn: 20-F Request 85 Akti Miaouli Piraeus 18538, Greece Tel: +1 (212) 906 8645 Email: Investors@navios-mlp.com PIRAEUS, Greece, March 31, 2025 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM) announced that its Annual Report on Form 20-F for the year ended December 31, 2024 has been filed with the SEC and can be accessed on Navios Partners' website www.navios-mlp.com under the "Investors" section. Alternatively, unitholders may also request a ha ...
Navios Maritime Partners L.P.(NMM) - 2024 Q4 - Annual Report
2025-03-28 21:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from ___________ to __________ ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report ______________ FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...
Navios Maritime Partners LP (NMM) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2025-03-19 22:55
Company Performance - Navios Maritime Partners LP (NMM) closed at $40.08, reflecting a +0.43% change from the previous day's closing price, which is lower than the S&P 500's daily gain of 1.08% [1] - Over the past month, shares of Navios Maritime Partners LP have decreased by 11.8%, underperforming the Transportation sector's loss of 7.24% and the S&P 500's loss of 8.26% [1] Earnings Forecast - The Zacks Consensus Estimates predict earnings of $12.64 per share and revenue of $1.37 billion for the year, representing increases of +13.46% and +11.35% compared to the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Navios Maritime Partners LP are crucial as they reflect the evolving nature of near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] Valuation Metrics - Navios Maritime Partners LP currently has a Forward P/E ratio of 3.16, which is significantly lower than the industry's average Forward P/E of 9.33 [6] - The Transportation - Shipping industry, to which the company belongs, has a Zacks Industry Rank of 194, placing it in the bottom 23% of over 250 industries [6] Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Navios Maritime Partners LP as 5 (Strong Sell), indicating a negative outlook [5]
Navios Maritime Partners L.P.(NMM) - 2024 Q4 - Earnings Call Transcript
2025-02-14 18:15
Navios Maritime Partners L.P. Common Units (NYSE:NMM) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants Angeliki Frangou - Chairwoman and CEO Stratos Desypris - COO Eri Tsironi - CFO Ted Petrone - Vice Chairman Conference Call Participants Omar Nokta - Jefferies Operator Thank you for joining us for Navios Maritime Partners Fourth Quarter 2024 Earnings Conference Call. With us today from the company are Chairwoman and CEO, Ms. . Angeliki Frangou; Chief Operating Officer, Mr. ...