Navios Maritime Partnerr (NMM) reported Q2 2026 results towards the end of last week. This included,
- Rev of $410.2M
- EBITDA of $275.2M
- Net Income of $167.9M
- $606M of additional rev
- Acquired newbuild vessels - 3 VLCCs (abt $121M each), I Cape ( about $70M)
https://static.seekingalpha.com/uploads/sa_presentations/777/134777/original.pdf
Had not given CEO credit for her low payout strategy. But, at this time, NMM has 55 vessels unencumbered. A majority of the fleet is fixed on charters, and NMM vessel sales are generally above book The decision to shift into container vessels was very timely. And now, NMM is ramping up more in the tanker space.