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Navios Maritime Partners (NMM)
NYSE:NMM
Earnings Data
Report Date
May 20, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.1Last Year’s EPS
1.58Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a solid operational and financial performance for Q4 2025 with notable revenue and TCE improvements, strong quarterly profitability, increased distributions and active capital returns via buybacks. The company emphasized fleet modernization, high contracted revenue coverage (71%) and improved liquidity. Offsetting items include a net LTV that remains above target (30.9%), modest full-year profitability headwinds from higher depreciation and interest costs, rising operating expenses, delivery and financing commitments for newbuilds, and material industry geopolitical risks. On balance the positives (strong quarter, distribution increase, contracted coverage, active buybacks and fleet renewal) outweigh the negatives, though execution risks and market/geopolitical uncertainty remain.Company Guidance
Strong Quarterly and Annual Profitability
Reported Q4 2025 net income of $117.3 million and EBITDA of $224.8 million; FY 2025 net income of $285.3 million and EBITDA of $744.6 million; Q4 earnings per common unit $3.99 and FY earnings per common unit $9.59.
Revenue and TCE Rate Improvements (Quarter)
Q4 2025 total revenue increased 10% to $366 million (from $333 million). Fleet combined TCE rate rose 10% in Q4 to $25,567/day. Sector TCE changes in Q4: dry bulk +15% to $19,588/day, tankers +9% to $29,158/day, containers +2% to $31,315/day.
Distribution Increase and Share Repurchase
Announced a 20% increase in distribution policy to $0.24 per unit annually starting Q1; repurchased ~1.6 million units (~5.3% of outstanding) using ~$73 million, delivering estimated value accretion of ~$5.20 per unit based on analyst NAV estimates.
High Revenue Visibility and Contracted Coverage
Contracted revenue backlog grew to roughly $3.75–$3.8 billion with 71% of available days fixed for 2026; contracted revenue exceeds estimated cash operating costs by ~$172.7 million, providing meaningful earnings visibility while leaving ~29% of days (~15,565 days) open or index-linked.
Fleet Modernization and Scale
Owns/operates 171 vessels across tanker, dry bulk and container segments with fleet average age 9.6 years (industry average 13.5 years). Fleet value including newbuilds ~$8.8 billion; net vessel equity value ~$4.1 billion; 26 newbuilds on order through 2029 representing ~$1.9 billion of investment.
Active Chartering and New Contracted Revenue
Secured $261 million in new charter commitments year-to-date including: 5 containerships (~$97M, net avg $29,572/day, ~2-year avg), 3 dry bulk (~$93M, net avg $23,974/day, ~3.6-year avg with profit sharing on two), and 3 tankers (~$71M, net avg $31,944/day, 2-year avg).
Improving Liquidity and Diversified Funding
Available liquidity ~$580 million (cash and equivalents $413M plus $167M revolver capacity). Completed $300M senior unsecured bond issuance and additional financings ($325M total in Dec '25–Jan '26) diversifying funding sources; 43% of debt fixed post-bond with average fixed rate ~6.2%.
Asset Recycling and Balance Sheet Discipline
Sold 14 older vessels (avg age 18 years) in 2025/2026 YTD for ~$372M; sold 11 vessels in year for $190M (adding ~$145M cash after debt repayment). Net LTV reduced to 30.9% and management highlighted a 31% reduction in net loan-to-value over recent periods.
NMM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NMM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $64.54 | $66.59 | +3.18% |
Nov 18, 2025 | $53.23 | $52.87 | -0.69% |
Aug 21, 2025 | $44.67 | $46.61 | +4.36% |
May 07, 2025 | $35.40 | $35.83 | +1.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Navios Maritime Partners (NMM) report earnings?
Navios Maritime Partners (NMM) is schdueled to report earning on May 20, 2026, TBA (Confirmed).
What is Navios Maritime Partners (NMM) earnings time?
Navios Maritime Partners (NMM) earnings time is at May 20, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NMM EPS forecast?
NMM EPS forecast for the fiscal quarter 2026 (Q1) is 2.1.
