Navios Stock Price, News & Analysis

Navios Maritime Partners L.P. (NYSE: NMM) announced the appointment of Vassilios Mouyis to its Board of Directors, replacing Orthodoxia Zisimatou, who is retiring. Mr. Mouyis brings over 34 years of shipping industry experience, co-founding Doric Shipbrokers S.A., and holding key roles at Navios Maritime Midstream Partners L.P. and Navios Maritime Containers L.P. He has a bachelor’s degree in Economics and a post-graduate diploma in Port and Shipping Administration. The management expressed gratitude towards Ms. Zisimatou for her contributions and optimism regarding Mr. Mouyis's deep industry understanding.

Navios Maritime Partners L.P. (NYSE: NMM) reported solid financial results for the year and fourth quarter ended December 31, 2022. Revenue reached $1.21 billion with a net income of $579.2 million. For Q4 2022, revenue was $370.9 million and net income attained $118.3 million. Earnings per common unit were $18.82 for 2022. The company's fleet comprises 176 vessels, with plans to acquire more vessels and maintain a technologically advanced fleet. Additionally, Navios Partners secured approximately $328 million in long-term contracted revenue in Q4, contributing to a total of $3.4 billion contracted revenue expected through 2036.

Navios Maritime Partners L.P. (NYSE:NMM) is set to announce its earnings results for the fourth quarter and full year ended December 31, 2022, on February 21, 2023, prior to a scheduled conference call at 8:30 am ET. Senior management will discuss highlights and insights regarding their financial performance during this call. A supplemental slide presentation will be accessible on the company’s website at 8:00 am ET on the same day, offering further details. The conference call will be available for replay shortly after the live event.

Navios Maritime Partners L.P. (NYSE:NMM) has announced a cash distribution of $0.05 per unit for the quarter ending December 31, 2022, equating to an annualized rate of $0.20 per unit. This distribution is set to be paid on February 14, 2023, to unit holders recorded as of February 10, 2023.

The company’s operations involve owning and managing dry cargo and tanker vessels. Navios Partners highlighted its growth strategy that includes fleet renewal and potential vessel acquisitions, while also mentioning the uncertainties and risks affecting its future performance.

Navios Maritime Partners L.P. (NYSE: NMM) reported robust financial results for Q3 2022, achieving $322.4 million in revenue and $257.2 million in net income, reflecting a significant increase from the previous year. The earnings per unit were $8.36, surpassing 2021's figures, while net cash from operating activities reached $219.1 million. The company successfully expanded its fleet with the acquisition of new vessels and recorded $331 million in new long-term charters. However, operational expenses increased notably due to fleet expansion efforts.

Navios Maritime Partners L.P. (NYSE:NMM) will host a conference call on November 10, 2022 at 8:30 am ET to discuss its Q3 2022 earnings results.

The call follows the release of financial results for the third quarter and nine months ended September 30, 2022, which will be disclosed prior to the call. A supplemental slide presentation will be available on the company’s website at www.navios-mlp.com at 8:00 am ET.

Navios Maritime Partners L.P. (NYSE:NMM) has declared a cash distribution of $0.05 per unit for the quarter ending September 30, 2022, resulting in an annualized rate of $0.20 per unit. This payment is scheduled for November 10, 2022, with record holders as of November 8, 2022 being eligible. The company operates in the international dry cargo and tanker vessel sector, highlighting its commitment to returning value to unit holders through this cash distribution.

Navios Maritime Partners L.P. (NMM) reported impressive Q2 2022 results with revenue of $280.7 million and net income of $118.2 million, translating to $3.84 per common unit. This represents an 84.7% increase in revenue year-over-year. The company's fleet increased significantly, acquiring a 36-vessel drybulk fleet for $835 million. Navios Partners authorized a $100 million unit repurchase program, potentially covering 17% of the public float. Total cash distributions for Q2 are set at $0.05 per unit, payable on August 12, 2022.

Navios Maritime Partners L.P. (NYSE: NMM) has agreed to acquire a 36-vessel drybulk fleet from Navios Maritime Holdings Inc. for a gross purchase price of $835 million. The transaction includes assuming $441.6 million in bank liabilities and obligations. The fleet, with a total capacity of 3.9 million dwt and an average age of 9.6 years, is expected to generate approximately $164 million in EBITDA and $81.5 million in free cash in 2023. Post-acquisition, Navios Partners will become a major player in the drybulk sector with a fleet consisting of 90 drybulk vessels, significantly increasing its market presence.