Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, reported its financial results for the third quarter and nine-month period ended September 30, 2026.
Highlights:
- Net income:
- $185.7 million for Q3 2026
- $459.9 million for 9M 2026
- Earnings per common unit:
- $6.42 for Q3 2026
- $15.83 for 9M 2026
- Net cash from operating activities:
- $235.4 million for Q3 2026
- $548.7 million for 9M 2026
- EBITDA:
- $293.9 million for Q3 2026
- $781.7 million for 9M 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
- Sales and purchases in Q3 – Q4 2026 QTD:
- $703.2 million acquisition cost of seven newbuilding vessels
- $30.8 million gross sale price for one capesize vessel; age of 17 years
- Two newbuilding vessels delivered
- $5.0 billion contracted revenue as of October 2026
Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners stated, “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 continued, “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.”