Navios - NMM STOCK NEWS

Navios Maritime Partners L.P. (NYSE:NMM) has announced a quarterly cash distribution of $0.05 per unit for the quarter ended June 30, 2024. This distribution equates to an annualized distribution of $0.20 per unit. The payment is scheduled for August 14, 2024, with a record date of August 9, 2024. This announcement reflects the company's commitment to providing returns to its unitholders, although the distribution amount may be considered modest compared to industry standards.

Navios Maritime Partners L.P. (NYSE: NMM) reported its Q1 2024 financial results, posting a revenue of $318.6 million and a net income of $73.4 million. Earnings per common unit stood at $2.38. The company generated $94.4 million in net cash from operating activities and achieved an EBITDA of $166.2 million.

Significant vessel transactions included $92.6 million in gross sale proceeds and $245.7 million in acquisitions year-to-date. Notable acquisitions consisted of two aframax/LR2 tankers and four kamsarmaxes. The company also took delivery of three newbuild vessels this year.

Navios Partners announced $211.2 million in contracted revenue from new long-term charters, contributing to a total contracted revenue of $3.3 billion.

The Board declared a cash distribution of $0.05 per unit for Q1 2024, paid on May 14, 2024.

Despite facing regional conflicts, the maritime environment has remained strong, enabling robust financial performance. However, challenges such as increasing operational expenses and a decline in net income compared to the previous year were noted.

Navios Maritime Partners L.P. announced the date for the release of their first quarter results ending March 31, 2024. The conference call and webcast are scheduled for Tuesday, May 14, 2024, at 8:30 am ET. Navios Partners' senior management will discuss earnings highlights for the quarter, with a supplemental slide presentation available on their website. The call will also be webcasted and archived for two weeks.

Navios Maritime Partners L.P. announced a cash distribution of $0.05 per unit for the quarter ended March 31, 2024, totaling an annualized distribution of $0.20 per unit. The distribution will be paid on May 14, 2024, to unit holders of record as of May 10, 2024.

Navios Maritime Partners L.P. files Annual Report on Form 20-F for 2023, available online and in hard copy. Contact details provided for requesting audited financial statements.

Navios Maritime Partners L.P. reported strong financial results for Q4 2023 and FY 2023 with revenue of $1.3 billion and net income of $433.6 million for the year. The company declared a cash distribution of $0.05 per unit for Q4 2023. Fleet updates include the sale of vessels and newbuilding containerships delivered. Navios Partners has entered into new long-term charters generating $136.9 million in revenue and has $3.3 billion contracted revenue through 2037.

Navios Maritime Partners L.P. (NYSE:NMM) will host a conference call on February 13, 2024, at 8:30 am ET to discuss earnings results for the fourth quarter and year ended December 31, 2023. The call will feature senior management commentary and a supplemental slide presentation. The call will be available for replay on the company's website for one week, and the Webcast will be archived for two weeks.

Navios Maritime Partners L.P. (NYSE:NMM) declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2023, representing an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 14, 2024, to unit holders of record as of February 12, 2024.

Navios Maritime Partners L.P. reported strong financial results for Q3 2023, with revenue of $323.2 million and net income of $89.8 million. Earnings per common unit were $2.92. The company generated $120.3 million in net cash from operating activities and had an EBITDA of $180.8 million. Navios Partners also completed the sale of 14 vessels, generating $255.2 million in gross sale proceeds.