05/14
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
https://ir.navios-mlp.com/static-files/ab054fa3-6d48-46bc-bf84-9d27b3ed5fc1
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.