Navios Maritime Partners shares rise 5% as revenue beats expectations

PIRAEUS, Greece - Navios Maritime Partners L.P. (NYSE:NMM) reported second-quarter revenue that exceeded analyst expectations on Thursday, as the international vessel operator continues to benefit from robust global shipping demand despite geopolitical uncertainties.

The company’s shares were up 4.94% in pre-market trading following the release.

The shipping company posted revenue of $327.6 million for the second quarter, surpassing the analyst consensus estimate of $305.29 million. However, adjusted earnings per unit came in at $2.15, slightly below the analyst estimate of $2.22. Revenue declined 4.3% compared to $342.2 million in the same quarter last year.

"I am pleased with the results for the second quarter of 2025," said Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners. "Global economies have been surprisingly robust given the uncertain macro-environment. In addition, we are witnessing the creation and reshaping of trade patterns with longer distances due to the war between Ukraine and Russia, continued attacks in the Red Sea, and new and evolving world tariff regime."

The company reported EBITDA of $178.2 million and net income of $69.9 million for the quarter. The average Time Charter Equivalent (TCE) rate decreased slightly by 1.5% to $23,040 per day compared to $23,384 per day in the same period last year.

Navios Partners has continued its capital return program, repurchasing 716,575 common units in 2025 for approximately $27.8 million. The Board also declared a quarterly cash distribution of $0.05 per unit.

The company has been actively managing its fleet, agreeing to acquire two scrubber-fitted newbuilding aframax/LR2 tankers for $133 million while selling three older vessels with an average age of 16.5 years for $95.5 million in gross proceeds.

As of August 2025, Navios Partners has contracted revenue of $3.1 billion through 2037, with 75.2% of its available days fixed for the remainder of 2025 and 43.2% for 2026.

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