NMM Research | Milton Maxwell

NMM

Navios Maritime Partners L.P.

50.49

-0.15-0.3%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Q&A reaffirms strategy, adds color

2/18/26Feb 18, 2026

Q&A largely reaffirmed prepared remarks, with Frangou clarifying Q3's depreciation drop as a $27 million one-off write-off from terminated bareboat charters, now redeployed in a strong market. Management committed to ongoing buybacks and dividends, funded by repurchase savings, while leveraging 2026's $173 million contracted surplus over cash costs and 16,000 open days to cut net LTV from 30.9% toward 20-25%. No interest in new segments beyond containers, dry bulk, and tankers. Frangou was direct yet non-specific on LTV timeline. Management sees no need for expansion. Confident tone persists; investors eye LTV trajectory and spot upside capture.

Key Stats

Market Cap

1.47B

P/E (TTM)

5.78

Basic EPS (TTM)

8.73

Dividend Yield

About

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. It offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters. The company fleet consists of 69 dry bulk vessels, 49 containerships, and 56 tanker vessels, that includes 18 newbuilding tankers. Navios Maritime Partners L.P. was founded in 2007 and is based in Piraeus, Greece.

CEO

Ms. Angeliki N. Frangou

IPO

11/13/2007

Website

https://www.navios-mlp.com

Sector

Industrials

Industry

Marine Shipping