Navios Maritime Partners L.P. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2026
Globe Newswire•04/11/2026•07:09 ET
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Key Highlights
- ➤Q3 net income $185.7 million, up from $56.3 million year over year
- ➤Q3 earnings per common unit $6.42, versus $1.90 year over year
- ➤Q3 revenue $432.0 million, up 24.5% year over year
- ➤$703.2 million committed for seven newbuilding vessels in Q3–Q4 2026
- ➤$5.0 billion contracted revenue secured through 2037
Expert Statements
Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners
“For the third quarter, we reported net income of $185.7 million and earnings per common unit of $6.42. For the first nine months, we reported net income of $459.9 million and earnings per common unit of $15.83. We also announced a $0.06 distribution per unit for the quarter.”
Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners
“We are operating in a complex global environment, characterized by geopolitical uncertainty, conflict and changing trade patterns. Our financial and operating performance demonstrates the strength of our diversified business and the benefits of our disciplined approach to capital allocation and risk management. We have used our strong cash flow not only to add vessels to our fleet in an accretive manner, but also to accelerate repayment of debt while returning capital to our unitholders through unit repurchases and distributions.”
Net cash from operating activities: * $235.4 million for Q3 2026
* Returning capital to unitholders: * 141,392 common units repurchased in Q3 2026 for $12.0 million * $0.06 cash distribution per unit for Q3 2026; $0.24 per unit annualized for 2026
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