Navios Maritime Partners demonstrated strong financial performance and effective fleet management in 2024, with significant contracted revenue and strategic fleet modernization. However, the company faces challenges from geopolitical uncertainties and a decrease in adjusted EBITDA.

Company Guidance

During the Navios Maritime Partners Fourth Quarter 2024 Earnings Conference Call, Chairwoman and CEO Angeliki Frangou provided guidance highlighting several key metrics. The company reported full-year revenue of $1.33 billion and net income of $367.3 million, with fourth-quarter contributions of $332.5 million and $94.7 million, respectively. Earnings per common unit were $11.98 for the year and $3.11 for the fourth quarter. With a fleet of 176 vessels averaging 9.8 years in age, Navios ended the year with contracted revenue of $3.6 billion and $312.1 million in cash. 63% of 2025 available days are fixed, estimating a breakeven of $425 per open index day. The company executed a $25 million unit repurchase program, reflecting a return of $1.80 per unit in value, and maintained $70.8 million for further repurchases. They also reported sales and acquisitions, including $18.8 million from vessel sales and $25.4 million from a new vessel acquisition. The net loan-to-value ratio stood at 34.8%, and the company paid $6.1 million in dividends for 2024.

Strong Financial Performance in 2024

Navios reported a full-year revenue of $1.33 billion, with net income of $367.3 million. Earnings per common unit were $11.98 for the year.

Effective Fleet Management and Revenue Growth

Contracted revenue stands at $3.6 billion, with 63% of 2025 available days fixed. The company has effectively managed fleet renewal, with significant investments in newbuildings and strategic vessel sales.

Unit Repurchase Program

Navios repurchased 585,420 common units for $29.2 million, effectively returning $1.80 per unit of value to each unitholder through NAV aggregation.

Fleet Modernization Efforts

Navios received delivery of four new vessels and secured long-term charters, contributing to an estimated breakeven of $425 per open/index day.

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Navios Maritime Partners (NMM) Earnings, Revenues Date & History

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NMM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 14, 2025	2025 (Q1)	1.52 / -	2.32	―	―	―
Feb 13, 2025	2024 (Q4)	2.71 / 2.61	4.32	-39.58% (-1.71)
Nov 05, 2024	2024 (Q3)	3.33 / 3.15	2.68	17.54% (+0.47)
Aug 20, 2024	2024 (Q2)	2.84 / 3.06	3.32	-7.83% (-0.26)
May 14, 2024	2024 (Q1)	2.01 / 2.32	3.22	-27.95% (-0.90)
Feb 13, 2024	2023 (Q4)	2.62 / 4.32	3.66	18.03% (+0.66)
Nov 02, 2023	2023 (Q3)	2.81 / 2.68	3.68	-27.17% (-1.00)
Aug 23, 2023	2023 (Q2)	3.09 / 3.32	3.83	-13.32% (-0.51)
May 23, 2023	2023 (Q1)	1.84 / 3.22	2.78	15.83% (+0.44)
Feb 21, 2023	2022 (Q4)	5.41 / 3.66	4.03	-9.18% (-0.37)

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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NMM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 13, 2025	$44.14	$43.92	-0.50%
Nov 05, 2024	$53.70	$53.82	+0.22%
Aug 20, 2024	$47.25	$54.79	+15.96%
May 14, 2024	$48.50	$45.32	-6.56%

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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