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Navios Maritime Partners L.P. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2025
GlobeNewswire News Room· 2025-08-21 11:30
Revenue: $327.6 million for Q2 2025$631.7 million for H1 2025 Net Income: $  69.9 million for Q2 2025$111.7 million for H1 2025 Earnings per common unit: $    2.34 for Q2 2025$    3.72 for H1 2025 Net cash from operating activities: $121.6 million for Q2 2025$278.2 million for H1 2025 EBITDA: $178.2 million for Q2 2025$325.8 million for H1 2025 Returning capital to unitholders: 716,575 common units repurchased in 2025 (through August 13) for $27.8 million$0.05 per unit cash distribution for Q2 20 ...
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]