NMM Q1 2024 release

Navios Maritime Partners announced their Q1 2024 results

  • Rev of $318.4M
  • Adj EBITDA of $164.3M
  • Net Income of $73.4M
  • Ongoing fleet recycling with sale of older tonnage and taking delivery of newbuilding vessels or conversion of charter-in vessels to owned


Even with no change in quarterly distribution of 5c/sh, market has been rewarding NMM and its CEO Angeliki Frangou. NMM up more than 65% YTD. NMM does have a good contract backlog, especially in the container and tanker segments.