Navios Maritime Partners L.P. (NYSE:NMM) saw its shares rise nearly 5% in pre-market trading Thursday after reporting second-quarter revenue that topped analyst forecasts, reflecting continued strength in global shipping demand despite geopolitical headwinds.
The company posted $327.6 million in revenue for Q2, above the consensus estimate of $305.29 million. Adjusted earnings per unit came in at $2.15, slightly below the anticipated $2.22. Revenue fell 4.3% year-over-year from $342.2 million in the same quarter of 2024.
Chairwoman and CEO Angeliki Frangou commented, “I am pleased with the results for the second quarter of 2025. Global economies have been surprisingly robust given the uncertain macro-environment. In addition, we are witnessing the creation and reshaping of trade patterns with longer distances due to the war between Ukraine and Russia, continued attacks in the Red Sea, and new and evolving world tariff regime.”
For the quarter, Navios reported EBITDA of $178.2 million and net income of $69.9 million. The average Time Charter Equivalent (TCE) rate dipped slightly 1.5% to $23,040 per day from $23,384 per day in Q2 2024.
The company continued its capital return program, repurchasing 716,575 common units for roughly $27.8 million, and the Board declared a quarterly cash distribution of $0.05 per unit.
Fleet management remained active, with Navios agreeing to acquire two newbuilding aframax/LR2 tankers with scrubbers for $133 million, while selling three older vessels averaging 16.5 years for $95.5 million in gross proceeds.
As of August 2025, the company has contracted revenue of $3.1 billion through 2037, with 75.2% of available days fixed for the remainder of 2025 and 43.2% for 2026.
Navios Maritime Partners stock price
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.