Navios Maritime Partners (NYSE:NMM) Announces Earnings Results

Navios Maritime Partners (NYSE:NMM) announced its quarterly earnings data on Thursday. The shipping company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.99, Briefing.com reports. The business had revenue of $365.55 million during the quarter, compared to analysts’ expectations of $316.00 million. Navios Maritime Partners had a return on equity of 8.69% and a net margin of 20.04%.The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 EPS.

Here are the key takeaways from Navios Maritime Partners’ conference call:

• Navios reported strong results with Q4 net income of $117.3 million and EBITDA of $224.8 million (FY net income $285.3M, EBITDA $744.6M) and raised its annual distribution by 20% to $0.24 per unit, funded mainly by a unit repurchase program that cut outstanding units ~5.3%.
• Revenue visibility is high — Navios has fixed ~71% of available days and reports $3.8 billion of contracted revenue, with contracted earnings exceeding cash operating costs by about $172.7 million.
• The fleet is materially younger than peers (average age 9.6 years vs industry 13.5) and is being modernized with 26 newbuilds through 2029 and active disposals of older tonnage, supporting operational efficiency and ESG credentials.
• Leverage and liquidity: net LTV improved to 30.9% (target 25%), available liquidity about $580 million, long-term borrowings ~$2.2 billion and a new $300 million bond at 7.75%, which raises fixed-rate funding but contributed to higher interest expense.
• Industry dynamics appear supportive — constrained order books, an aging fleet and sanctions have effectively reduced tanker capacity (company cites ~822 sanctioned tankers and ~15% capacity reduction), and trade-route disruptions are increasing ton-miles, all of which could support stronger freight rates going forward.

Navios Maritime Partners Price Performance

NMM stock opened at $66.36 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61. Navios Maritime Partners has a 12-month low of $28.37 and a 12-month high of $68.32. The company has a market cap of $1.97 billion, a PE ratio of 7.60 and a beta of 1.38. The stock has a 50-day moving average price of $56.34 and a two-hundred day moving average price of $50.94.

Navios Maritime Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. Navios Maritime Partners’s payout ratio is currently 2.29%.

Institutional Investors Weigh In On Navios Maritime Partners

A number of large investors have recently added to or reduced their stakes in NMM. Corient Private Wealth LLC acquired a new stake in Navios Maritime Partners during the 4th quarter valued at approximately $207,000. Empowered Funds LLC acquired a new stake in shares of Navios Maritime Partners in the 4th quarter valued at about $329,000. XTX Topco Ltd acquired a new position in Navios Maritime Partners in the fourth quarter worth about $368,000. Susquehanna Fundamental Investments LLC bought a new stake in Navios Maritime Partners in the fourth quarter valued at about $572,000. Finally, Millennium Management LLC bought a new position in Navios Maritime Partners during the 4th quarter worth approximately $1,507,000. 62.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on NMM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Navios Maritime Partners in a research report on Monday, December 29th. Wall Street Zen lowered Navios Maritime Partners from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Navios Maritime Partners

Navios Maritime Partners L.P. (NYSE: NMM) is a dry bulk shipping company that owns and operates a fleet of Capesize, Panamax and Supramax vessels. The partnership charters its vessels under medium- and long-term contracts to a diverse group of charterers, providing seaborne transportation for major bulk cargoes such as iron ore, coal, grain and fertilizers. Through this asset-light model, Navios Maritime Partners seeks to generate stable cash flows while retaining flexibility to capitalize on market opportunities.

Formed in November 2007 and sponsored by Navios Maritime Holdings Inc, the partnership leverages the operating platform and commercial management capabilities of the Navios group.