Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, reported its financial results for the second quarter and six month period ended June 30, 2026.
- Revenue:
$410.2 million for Q2 2026
$767.2 million for H1 2026
- Net income:
$167.9 million for Q2 2026
$274.3 million for H1 2026
- Earnings per common unit:
$5.78 for Q2 2026
$9.42 for H1 2026
- Net cash from operating activities:
$186.6 million for Q2 2026
$313.3 million for H1 2026
- EBITDA:
$275.2 million for Q2 2026
$487.8 million for H1 2026
- Returning capital to unitholders:
$200.0 million new common unit repurchase program
1,880,880 common units repurchased in 2024 – 2026 (through August 12) for $92.6 million
135,846 common units repurchased in Q2 2026 for $9.8 million
$0.06 cash distribution per unit for Q2 2026; $0.24 per unit annualized for 2026
- Sales and purchases in Q2 – Q3 2026 QTD:
$431.6 million acquisition cost of four newbuilding scrubber-fitted vessels
$361.5 million for three VLCC tankers
$70.1 million for a capesize vessel
$ 34.5 million gross sale price for one 4,730 TEU containership; age of 19.2 years
- One newbuilding vessel delivered
$4.4 billion contracted revenue as of August 2026
Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners stated, “I am pleased with our results. For the second quarter and first six months of 2026, we reported net income of $167.9 million and $274.3 million, respectively, representing earnings per common unit of $5.78 and $9.42, respectively. We also declared a quarterly cash distribution of $0.06 per unit.”
Angeliki Frangou continued, “We continue to operate in an environment characterized by heightened uncertainty and geopolitical conflict. The war between Russia and Ukraine remains unresolved, while persistent attacks in the Strait of Hormuz and more recent strikes in the Red Sea have disrupted global trade flows. Against this backdrop, trade has proven surprisingly resilient, and energy prices, though volatile, have remained relatively subdued. These conflicts are likely to have lasting implications for global trade patterns as countries and companies reassess their dependence on maritime choke points for critical resources. Over time, these shifts may result in longer-haul trade routes.”