Navios Maritime Partners L.P. Reports Financial Results for the First Quarter Ended March 31, 2026
Navios Maritime Partners reported Q1 2026 revenue of $357 million, up 17.4% year-over-year, driven by a 20.7% increase in the Time Charter Equivalent (TCE) rate to $25,679 per day. Net income surged to $106.3 million, or $3.64 per unit, compared to $41.7 million ($1.38 per unit) in the prior year period. EBITDA reached $212.7 million. The company declared a $0.06 per unit quarterly distribution and repurchased 240,502 units for $15.6 million in 2026.
Key figures
- Eps
- 3.64
- Eps Beat
- 0
- Revenue
- 357007000
- Revenue Yoy
- 17.4%
- Deal Value Usd
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Ebitda
- 212696000
- Net income
- 106344000
- Adjusted ebitda
- 204112000
- Dividend per unit
- 0.06
- Fleet utilization
- 99.5%
- Tce rate combined
- 25679
- Annualized dividend
- 0.24
- Operating cash flow
- 126643000
- Repurchase cost 2026
- 15600000
- Units repurchased 2026
- 240502
- Contracted revenue total
- 4100000000
AI analysis
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