PIRAEUS, Greece, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (NYSE: NMM) (“NMM” or the “Company”) announces today that it has successfully placed USD 300 million of new senior unsecured bonds in the Nordic bond market. The new bonds are due to mature in November 2030 and will pay a fixed coupon of 7.75% per annum, payable semi-annually in arrears. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The net proceeds from the bond issue are intended to be use ...

Core Viewpoint - Navios Maritime Partners L.P. is planning to initiate a series of fixed income investor calls starting on October 20, 2025, with the potential issuance of a five-year USD denominated senior unsecured bond, contingent on market conditions [1]. Group 1: Bond Issuance Details - The net proceeds from the proposed bond issue are intended for the repayment of certain outstanding debt facilities and for general corporate purposes [2]. - The senior unsecured bonds will be offered only to qualified institutional buyers in the United States under Rule 144A of the U.S. Securities Act [3]. Group 2: Company Overview - Navios Maritime Partners L.P. is an international owner and operator of dry cargo and tanker vessels [4].

Core Viewpoint - Navios Maritime Partners L.P. has engaged in significant vessel transactions, including sales and charters, which are expected to enhance its revenue and operational capacity in the maritime sector [1][2][4]. Vessel Sales & Deliveries - Navios Partners has sold two dry bulk vessels and agreed to sell one tanker vessel, generating expected gross sale proceeds of $69.1 million [2][8]. - The company took delivery of a 2025-built MR2 product tanker, which has been chartered out at a rate of $22,669 net per day for approximately five years [2][3]. Fleet Composition - Following recent transactions, Navios Partners operates a fleet of 172 vessels, including 65 dry bulk vessels, 51 containerships, and 56 tankers, with a total carrying capacity of 15.1 million dwt [3]. - The fleet's average age is 9.7 years, and it includes 17 newbuilding tankers and eight newbuilding containerships expected to be delivered through the first half of 2028 [3]. Vessel Charters - New long-term charters are anticipated to generate revenue of $113.9 million [4]. - As of October 10, 2025, Navios Partners has fixed 88.1% of its available days for the last six months of 2025 and 48.1% for 2026, with expected contracted revenue of $580.4 million and $749.9 million for these periods, respectively [5]. Charter Rates - The average expected daily charter-out rate for the fleet is projected to be $24,399 for the last six months of 2025 and $28,092 for 2026 [5].

Company Performance - Navios Maritime Partners LP (NMM) closed at $48.35, down 1.47% from the previous trading session, underperforming the S&P 500's daily loss of 0.13% [1] - Over the past month, shares of Navios Maritime Partners LP gained 11.98%, outperforming the Transportation sector's loss of 0.76% and the S&P 500's gain of 2.71% [1] Upcoming Earnings - The company is expected to report an EPS of $2.95, reflecting a 6.35% decrease from the same quarter last year [2] - Revenue is projected at $353.75 million, indicating a 15.65% increase from the equivalent quarter last year [2] Full Year Estimates - For the full year, earnings are projected at $9.99 per share, showing a decline of 10.32% from the previous year [3] - Revenue for the full year is estimated at $1.31 billion, representing a growth of 6.79% compared to the prior year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Navios Maritime Partners LP are important as they reflect changes in short-term business dynamics [4] - Positive estimate revisions are seen as a sign of optimism regarding the business outlook [4] Zacks Rank and Valuation - The Zacks Rank system currently rates Navios Maritime Partners LP at 4 (Sell), with the consensus EPS estimate remaining unchanged over the last 30 days [6] - The company has a Forward P/E ratio of 4.91, which is significantly lower than the industry average Forward P/E of 11.34, suggesting it is trading at a discount [7] Industry Context - The Transportation - Shipping industry, to which Navios Maritime Partners LP belongs, holds a Zacks Industry Rank of 167, placing it in the bottom 33% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks within those groups [8]

Group 1 - Navios Maritime Partners (NYSE: NMM) is considered a strong buy and a low-risk investment based on previous analysis [1] - The company operates in cyclical industries, which have the potential for significant returns during economic recovery and growth [1] - A diversified investment strategy is employed, including bonds, commodities, and forex, to balance risk [1]

Financial Data and Key Metrics Changes - The company reported revenue of $327.6 million for Q2 2025, a decrease of 4.3% compared to $342 million in Q2 2024 [18] - EBITDA for Q2 2025 was $178.2 million, with adjusted EBITDA decreasing by $17 million to $173 million compared to Q2 2024 [19][20] - Net income for Q2 2025 was $69.9 million, down from $94 million in Q2 2024, with earnings per common unit at $2.34 [5][20] Business Line Data and Key Metrics Changes - The combined time charter equivalent (TCE) rate decreased by 1.5% to $23,040 per day, with available days down by 0.8% to 13,388 days compared to Q2 2024 [19] - TCE rates for the container fleet increased by 3.6% to $31,316 per day, while dry bulk and tanker TCE rates decreased by 12.6% and 9.4% respectively [19][21] - The company sold three vessels for $96 million and purchased two Aframax LR2 tankers for $133 million, expected to be delivered in 2027 [7][15] Market Data and Key Metrics Changes - The geopolitical environment, including the war in Ukraine and tariff changes, has reshaped global trade patterns, benefiting the shipping market [5][27] - The Baltic Dry Index average declined by 30% in the first half of 2025 compared to the same period in 2024, but has risen 37% since June [28] - The tanker market is expected to benefit from increased crude exports and a reduction in fleet size due to sanctions [30][34] Company Strategy and Development Direction - The company is focused on renewing its fleet to maintain a younger profile and reduce its carbon footprint through modern technologies [15] - A significant backlog of contracted revenue of $3.1 billion provides visibility in an uncertain market [12][17] - The company aims to enter long-term charters for vessels at the appropriate time, while also exploring cash-generative opportunities [9][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the shipping market's health and the potential for Q4 2025, while remaining open to longer-term charter opportunities [5][44] - The company is actively managing risks, including interest rate risks, through fixed-rate financing arrangements [12][24] - The overall outlook for the tanker market remains positive due to geopolitical factors and reduced fleet availability [30][34] Other Important Information - The company ended Q2 2025 with $389 million in cash and a net loan-to-value (LTV) ratio of 35.3%, unchanged from the previous quarter [6][23] - The company has repurchased 1.2 million common units, returning a total of $30.8 million to unitholders in 2025 [10][11] Q&A Session Summary Question: Regarding the two VLCCs that were on charter to a sanctioned entity - Management confirmed that contracts were terminated and vessels are now available for trading in a healthy spot market, with plans to consider long-term charters at the right time [42][44] Question: On the LR2s ordered and their chartering plans - Management indicated that they are comfortable holding the new LR2s without immediate charters, while remaining open to future long-term deals [50] Question: Concerning the sale of older vessels and future charter renewals - Management noted the strong container market and the strategy of selling older vessels to redeploy cash into newer assets, while evaluating options for vessels rolling off charters [49][50]

Financial Highlights - Navios Maritime Partners L P reported revenue of $327 6 million for Q2 2025[19], and $631 7 million for H1 2025[19] - The company's EBITDA was $178 2 million in Q2 2025[19], and $325 8 million in H1 2025[19] - Adjusted EBITDA reached $172 6 million in Q2 2025[19], and $326 2 million in H1 2025[19] - Net income was $69 9 million for Q2 2025[19], and $111 7 million for H1 2025[19] - As of June 30, 2025, the company held a cash balance of $389 0 million[19] Fleet and Operations - The company's fleet consists of 173 vessels with an average age of 10 0 years[9] - The fleet includes 68 dry bulk vessels with 8 9 million dwt, 47 containerships with 251,843 TEU, and 58 tankers with 6 8 million dwt[13] - The company has $3 1 billion in contracted revenue[9] - For H2 2025E, 75% of available days are fixed[15], with 27,615 total available days[15] and 6,838 open/index days[15] - The estimated excess contracted revenue over total cash expense for H2 2025E is $56 0 million[19] Strategic Initiatives - The company repurchased 4% of its outstanding units since Q2 2024[20] - The company is executing a fleet renewal and modernization program, including 48 newbuilding vessels since Q1 2021 and 38 vessels sold since Q3 2022[29] - The company has invested $1 4 billion in newbuilding vessels, including $0 4 billion for containerships and $1 0 billion for tankers[40] - The company is addressing risks and uncertainties in the current environment, including tariffs, geopolitical events, and changes in trade patterns[26] Industry Overview - The dry bulk industry is expected to see a 0 9% decrease in trade in 2025[70] - The tanker industry is experiencing trade pattern shifts towards longer-haul routes due to the war in Ukraine[92] - The container industry is facing slowing demand and spending on goods driven by inflation[108]

Financial Performance - Navios Maritime Partners reported revenue of $327.6 million for Q2 2025, a decrease of 4.3% from $342.2 million in Q2 2024 [5][23] - EBITDA for Q2 2025 was $178.2 million, down from $197.0 million in Q2 2024 [5][24] - Net income for Q2 2025 was $69.9 million, compared to $101.5 million in Q2 2024 [5][25] - Earnings per common unit were $2.34 for Q2 2025, down from $3.30 in Q2 2024 [5][47] Operational Highlights - The fleet consists of 68 dry bulk vessels, 47 containerships, and 58 tankers, including 18 newbuilding tankers expected to be delivered through the first half of 2028 [15] - The average Time Charter Equivalent (TCE) rate decreased by 1.5% to $23,040 per day in Q2 2025 [23] - Fleet utilization was 99.3% for both Q2 2025 and Q2 2024 [31] Cash Distribution and Share Repurchase - The Board declared a cash distribution of $0.05 per unit for Q2 2025, with an annualized rate of $0.20 per unit [4] - As of August 13, 2025, Navios Partners repurchased 716,575 common units in 2025 for approximately $27.8 million [3] Acquisition and Sale of Vessels - Navios Partners agreed to acquire two scrubber-fitted newbuilding aframax/LR2 tankers for $133.0 million, expected to be delivered in the first half of 2027 [6] - The company sold three vessels with an average age of 16.5 years for gross proceeds of $95.5 million [7][8] Financing Activities - In June 2025, Navios Partners entered into a new reducing revolving credit facility for up to $100.0 million, with $40.0 million drawn as of June 30, 2025 [11] - The company also secured a new credit facility for $62.5 million, fully drawn to refinance existing vessel indebtedness [12] Market Environment - The global shipping market remains healthy, influenced by changing trade patterns due to geopolitical events, including the war between Ukraine and Russia [2]

Core Viewpoint - Navios Maritime Partners L.P. will host a conference call to discuss its Q2 2025 earnings results on August 21, 2025, at 8:30 am ET, with results being reported prior to the call [1][2]. Group 1 - The conference call will provide highlights and commentary from senior management regarding the earnings results for the second quarter and the six months ended June 30, 2025 [1]. - A supplemental slide presentation will be available on the Navios Partners website under the "Investors" section at 8:00 am ET on the day of the call [2]. - The conference call will be accessible via US and international dial-in numbers, with a replay available for one week after the live call [2]. Group 2 - Navios Maritime Partners L.P. is an international owner and operator of dry cargo and tanker vessels [3]. - For further information, the company can be contacted through its public and investor relations channels [3].

Group 1 - Navios Maritime Partners LP (NMM) closed at $44.15, reflecting a +1.31% increase from the previous day, outperforming the S&P 500's daily gain of 1.14% [1] - Over the past month, shares of Navios Maritime Partners LP have increased by 9.44%, contrasting with the Transportation sector's decline of 4.87% and the S&P 500's gain of 2% [1] Group 2 - The company is expected to report an EPS of $1.74, which represents a decrease of 43.14% from the prior-year quarter, while revenue is anticipated to be $309.58 million, showing a 2.47% increase compared to the year-ago quarter [2] - For the entire year, the Zacks Consensus Estimates forecast earnings of $9.99 per share and revenue of $1.31 billion, indicating changes of -10.32% and +6.79%, respectively, compared to the previous year [3] Group 3 - Recent changes to analyst estimates for Navios Maritime Partners LP reflect the latest short-term business trends, with positive revisions indicating analysts' confidence in the company's performance and profit potential [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Navios Maritime Partners LP at 4 (Sell), following an 8.1% decline in the Zacks Consensus EPS estimate over the past month [6] Group 4 - Navios Maritime Partners LP is trading at a Forward P/E ratio of 4.36, indicating a discount compared to its industry's Forward P/E of 9.93 [7] - The Transportation - Shipping industry, part of the Transportation sector, has a Zacks Industry Rank of 147, placing it in the bottom 41% of over 250 industries [7]