Core Insights - Navios Maritime Partners L.P. (NMM) reported strong financial performance with an EPS of $3.40, significantly exceeding the estimated EPS of $1.96 [2][6] - The company's actual revenue for Q4 2025 was $365.55 million, surpassing the forecast of $316 million [2][6] - NMM's strategic asset transactions included the acquisition of two capesize vessels for $134.3 million and the sale of two VLCC tankers for $136.5 million, indicating a focus on growth and asset optimization [5][6] Financial Performance - For Q4 2025, NMM achieved a net income of $117.3 million, contributing to a total annual net income of $285.3 million [3] - The company generated $123.7 million in net cash from operating activities during Q4 2025, totaling $505 million for the year, supporting strategic initiatives and dividend distributions [3] Dividend and Shareholder Returns - NMM announced a 20% increase in dividend distributions, effective Q1 2026, with new levels set at $0.24 per unit annually and $0.06 per unit quarterly [4] - The company repurchased 1,603,713 common units for $72.9 million, reflecting a commitment to returning value to shareholders [4] Future Outlook - As of February 2026, NMM has a contracted revenue of $3.8 billion, indicating a strong future revenue stream [5] - The company's financial metrics include a P/E ratio of 7.38 and a debt-to-equity ratio of 0.83, reflecting a solid financial position and market valuation [5]

PresentationGuillaume SteuerHead of External Communications – Airbus Good morning, ladies and gentlemen, and welcome to our Airbus event center. Thank you for being here with us today for our annual press conference, where we will present and discuss our 2025 results. And a big thank you for all of you and all of those who are following us online today. My name is Guillaume Steuer. I look after External Communications and Media Relations for Airbus. And here with me to present the results are Guillaume Faur ...

Navios Maritime Partners (NYSE:NMM) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsAngeliki Frangou - Chairwoman and CEOErifili Tsironi - CFOStratos Desypris - COOVincent Vandewalle - Chief Trading OfficerConference Call ParticipantsKristoffer Skeie - Equity Research AnalystOperatorThank you for joining us for Navios Maritime Partners' fourth quarter 2025 earnings conference call. With us today from the company are Chairwoman and CEO, Ms. Angeliki Frangou, Chief Operating Officer, M ...

Navios Maritime Partners (NYSE:NMM) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsAngeliki Frangou - Chairwoman and CEOErifili Tsironi - CFOStratos Desypris - COOVincent Vandewalle - Chief Trading OfficerConference Call ParticipantsKristoffer Skeie - Equity Research AnalystOperatorThank you for joining us for Navios Maritime Partners' Q4 2025 Earnings Conference Call. With us today from the company are Chairwoman and CEO, Ms. Angeliki Frangou, Chief Operating Officer, Mr. Stratos D ...

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a net income of $117.3 million and EBITDA of $224.8 million, with earnings per common unit at $3.99. For the full year, net income was $285.3 million and EBITDA was $744.6 million, with earnings per common unit at $9.59 [3][18] - Total revenue for Q4 2025 increased by 10% to $366 million compared to $333 million in Q4 2024, driven by a higher fleet combined time charter equivalent (TCE) rate [16] - The fleet TCE rate for Q4 2025 increased by 10% to $25,567 per day, while available days decreased by 2% to 13,390 days compared to Q4 2024 [16][17] Business Line Data and Key Metrics Changes - The TCE rate per day for bulkers increased by 15% to $19,588, for tankers increased by 9% to $29,158, while containers saw a slight increase to $1,316 [17] - For the full year 2025, the average TCE rate for containers increased by 3% to $31,239, while the dry bulk average TCE rate decreased by approximately 3% to $16,408 [19] Market Data and Key Metrics Changes - The company secured coverage for 71% of its available days for 2026, with contracted revenue exceeding cash operating costs by $172.7 million [7] - The overall value of the fleet, including the new building program, is $8.8 billion, with $4.1 billion in net vessel equity value [5] Company Strategy and Development Direction - The company emphasizes diversification as a strength, maintaining a culture of risk management and providing significant optionality in decision-making [6] - The fleet modernization program has resulted in a fleet that is almost 30% younger than the industry average, with a focus on reducing net loan-to-value (LTV) towards a target of 25% [4][5] Management's Comments on Operating Environment and Future Outlook - Management highlighted the unprecedented uncertainties facing the industry, including geopolitical risks and evolving trade patterns, while expressing confidence in the company's disciplined approach and strong execution [9][10] - The company is actively pursuing long-term charter opportunities to enhance earning stability, having secured $261 million in new charter commitments in Q4 2025 [8] Other Important Information - The company announced a 20% increase in its distribution policy to $0.24 per unit annually, funded primarily through savings from a unit repurchase program [3][8] - The company has a strong balance sheet with $580 million in available liquidity and credit ratings of Baa3 from Moody's and BB from Standard & Poor's [5] Q&A Session Summary Question: Changes to accounting of depreciation - Management clarified that there were no changes to the accounting of depreciation, attributing a previous drop to a one-off adjustment related to the termination of certain variable charters [33][34] Question: Expectations for net LTV target and implications for buybacks and dividends - Management indicated that they are on track to meet challenges and opportunities in the market, with flexibility to reduce LTV and increase liquidity while continuing buybacks and increasing dividends [38] Question: Interest in other investment segments - Management stated they are always looking for opportunities but are currently well-positioned with existing container exposure and open days in dry bulk and VLCC [39]

This presentation contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, TCE rates and Navios Partners' expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ...

Financial Performance - For Q4 2025, Navios Partners reported a net income of $117.3 million and EBITDA of $224.8 million, with earnings per common unit at $3.99. For the full year 2025, net income was $285.3 million and EBITDA was $744.6 million, with earnings per common unit at $9.59 [2][5][19]. - Revenue for Q4 2025 was $365.6 million, a 10% increase from $332.5 million in Q4 2024. For the full year, revenue was $1,344.1 million, a slight increase of 0.7% from $1,334.1 million in 2024 [21][26]. Distribution Policy - The company announced a 20% increase in its distribution policy to $0.24 per unit annually, effective from Q1 2026, translating to $0.06 per unit quarterly [2][6][5]. Fleet and Operations - As of February 12, 2026, Navios Partners had repurchased 1,603,713 common units for approximately $72.9 million, with a total of 28,580,675 common units outstanding [3]. - The fleet consists of 67 dry bulk vessels, 51 containerships, and 53 tankers, including 16 newbuilding tankers expected to be delivered through the first half of 2028 [17]. - The company has contracted revenue of $3.8 billion through 2037, with $261 million in new long-term charters expected to generate additional revenue [10][11]. Vessel Transactions - In Q4 2025, Navios Partners acquired two Japanese newbuilding capesize vessels for $134.3 million and agreed to sell two VLCC tankers for $136.5 million [7][8]. - A newbuilding aframax/LR2 tanker was delivered in February 2026, chartered out at a rate of $27,431 net per day for approximately five years [9]. Financial Position - As of December 31, 2025, total assets were $5.93 billion, with total liabilities at $2.59 billion and total partners' capital at $3.34 billion [41]. - Cash and cash equivalents increased to $413.5 million from $312.1 million in 2024 [41]. Market Environment - The company noted that geopolitical tensions and new trade agreements are reshaping trade routes, impacting costs and transit times. This evolving landscape is seen as an opportunity for Navios Partners to leverage its diversified fleet and risk management culture [2].

Core Viewpoint - Navios Maritime Partners L.P. will host a conference call to discuss its fourth quarter and full year earnings results for 2025 on February 19, 2026 [1][2]. Group 1: Conference Call Details - The conference call is scheduled for February 19, 2026, at 8:30 am ET [1]. - A supplemental slide presentation will be available on the company's website at 8:00 am ET on the day of the call [2]. - The call can be accessed via US dial-in at +1.800.267.6316 and international dial-in at +1.203.518.9783, with Conference ID NMMQ425 [2]. Group 2: Replay and Webcast Information - A replay of the conference call will be available two hours after the live call and will remain accessible for one week [2]. - The Webcast will be simultaneously available on the company's website and archived for two weeks following the call [2]. Group 3: Company Overview - Navios Maritime Partners L.P. is an international owner and operator of dry cargo and tanker vessels [3].

Core Insights - Navios Maritime Partners L.P. announced significant changes in senior leadership to enhance its executive management team and strengthen its position in the maritime industry [1][2] Leadership Changes - Vasiliki (Villy) Papaefthymiou has been promoted to Vice Chairwoman of Corporate Transactions, bringing 35 years of legal expertise in capital markets and M&A [3][4] - Shunji Sasada has been appointed Vice Chairman of Commercial Operations, leveraging his four decades of experience in the shipping industry to enhance the company's commercial reach [6][7] - Anna Kalathakis has been promoted to President of Navios Partners, focusing on strategy execution and operational efficiency, with over 30 years of experience in the maritime sector [8][9] New Executive Roles - The establishment of the Office of the Chairwoman aims to support the company's long-term objectives with the newly promoted executives reporting directly to the Chairwoman [3] - Sophia Tavla has been appointed Senior Vice President and Head of the Corporate Legal Group, overseeing legal and business affairs [12][13] - Alexandros Tsakonas has been appointed Senior Vice President in charge of Legal Risk Management, responsible for overall risk management of transactions and operations [14][15] - Grigoris Tzifas has been appointed Senior Vice President – Finance, focusing on financial planning, analysis, and accounting [16][17] Strategic Focus - The leadership changes are part of a broader strategy to integrate dry bulk, container, and tanker platforms, enhancing operational efficiency and environmental performance [11]

Core Insights - Navios Maritime Partners (NMM) has shown a strong investment performance, with stock returns exceeding 50% since the initial analysis [1] Group 1: Company Performance - The stock of Navios Maritime Partners has returned more than 50% since the initial recommendation, indicating strong market performance [1] Group 2: Analyst Background - The analyst has a diverse professional background across multiple industries, including logistics, construction, and retail, which contributes to a comprehensive investment perspective [1] - The analyst has over a decade of active investing experience, focusing on cyclical industries while maintaining a diversified portfolio that includes bonds, commodities, and forex [1] - The interest in cyclical sectors is driven by their potential for significant returns during economic recovery and growth [1]