Navios Maritime Partners (NMM) announced their Q4 2025 results on 02/19.
- Rev of $365.6M
- EBITDA of $224.8M
- Net Income of $56.8M
- Distribution maintained @ 5c/unit (a 20% increase slated for FY 2026)
- Bond financing helped unencumber a huge portion of NMM’s older vessels
- $580M in liquidity and over $1B in contracted rev already booked for 2026
With NMM’s fleet spread across multiple shipping segments, a lot going on with NMM. Acquired 2 newbuild Cape vessels with 5-year charters with $25K daily floor. “Yay!” … then read delivery is 2028 - 2029. Sold two older VLCCs for $136.5M - a decent price. Took delivery of an LR2/Aframax vessels - vessel has a 5-year charter @ $27.431 daily. Per 02/12/26, NMM still has 26 newbuilds expected to deliver.
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