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Navios Maritime Partners (DE:3PXA)
MUNICH:3PXA
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.22Last Year’s EPS
4.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 0.00%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
Navios Maritime Partners demonstrated strong financial performance and strategic fleet management, with significant contracted revenue growth and decreased leverage. However, challenges include decreased time charter rates for containers and tankers, and geopolitical risks affecting market stability. The company remains cautious but committed to its long-term strategy.Company Guidance
During the Navios Maritime Partners' third-quarter 2024 earnings call, several key metrics and strategic initiatives were highlighted. The company reported a revenue of $340.8 million and a net income of $97.8 million for the quarter, with earnings per common unit at $3.20. Over the first nine months, revenue reached $1 billion and net income was $272.6 million, translating to earnings per common unit of $8.87. The company has a strong cash position with $331.9 million on its balance sheet and is on a path to reduce its net leverage to a target range of 20-25%, currently sitting at 32.9%. Navios Partners has returned $22.9 million to unitholders through dividends and a unit repurchase program, capturing a $33.7 million discount by repurchasing units below the analyst estimated NAV of $148 per unit. They have generated $25.9 million from vessel sales and invested $212 million in new acquisitions. The company's contracted revenue increased to $3.9 billion, adding $421.7 million in the third and fourth quarters to date. The fleet renewal strategy includes the delivery of 19 vessels and sale of 31 since 2022, with a focus on maintaining a modern and efficient fleet. Adjusted EBITDA has increased by 5% over the first nine months of 2023 and by 17.6% over the same period in 2022. The company remains vigilant amidst geopolitical risks and economic uncertainties, maintaining a strategic focus on fleet modernization, leverage reduction, and capital returns to unitholders.Strong Financial Performance
Navios Partners reported Q3 2024 revenue of $340.8 million and net income of $97.8 million. For the first 9 months, revenue was $1 billion with net income of $272.6 million. Earnings per common unit were $3.20 for the quarter and $8.87 for the first 9 months.
Significant Contracted Revenue
Contracted revenue increased to $3.9 billion, up $200 million from the previous quarter, with $421.7 million added in Q3 2024.
Fleet Modernization and Expansion
Navios took delivery of 3 new vessels and has 27 additional newbuildings scheduled through 2028, representing $1.9 billion in investment.
Reduction in Net Leverage
Net leverage decreased to 32.9%, with a target net LTV range of 20%-25%.
Increased Time Charter Rates for Dry Bulk
Time charter rate for dry bulk fleet increased by 32% to $18,632 per day compared to Q3 2023.
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DE:3PXA 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
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DE:3PXA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | €21.50 | €21.50 | 0.00% |
| Aug 20, 2024 | €21.50 | €21.50 | 0.00% |
| May 14, 2024 | €21.50 | €21.50 | 0.00% |
| Feb 13, 2024 | €21.50 | €21.50 | 0.00% |
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.
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FAQ
When does Navios Maritime Partners (DE:3PXA) report earnings?
Navios Maritime Partners (DE:3PXA) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Navios Maritime Partners (DE:3PXA) earnings time?
Navios Maritime Partners (DE:3PXA) earnings time is at Feb 12, 2025, TBA Not 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 the P/E ratio of Navios Maritime Partners stock?
The P/E ratio of Navios Maritime Partners is N/A.
What is DE:3PXA EPS forecast?
DE:3PXA EPS forecast for the fiscal quarter 2024 (Q4) is 2.22.
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