ΝΑΥΤΙΛΙΑ
Navios Maritime Partners L.P. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2026
•Net income:
$185.7 million for Q3 2026
$459.9 million for 9M 2026
•Earnings per common unit:
$6.42 for Q3 2026
$15.83 for 9M 2026
•Net cash from operating activities:
$235.4 million for Q3 2026
$548.7 million for 9M 2026
•EBITDA:
$293.9 million for Q3 2026
$781.7 million for 9M 2026
•Returning capital to unitholders:
141,392 common units repurchased in Q3 2026 for $12.0 million
$0.06 cash distribution per unit for Q3 2026; $0.24 per unit annualized for 2026
•Sales and purchases in Q3 – Q4 2026 QTD:
$703.2 million acquisition cost of seven newbuilding vessels
$30.8 million gross sale price for one capesize vessel; age of 17 years
Two newbuilding vessels delivered
•$5.0 billion contracted revenue as of October 2026
Navios Maritime Partners L.P. (“Navios Partners”) (NYSE:NMM), an international owner and operator of dry cargo and tanker vessels, today reported its financial results for the third quarter and nine month period ended September 30, 2026.
Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners stated, “For the third quarter, we reported net income of $185.7 million
and earnings per common unit of $6.42. For the first nine months, we reported net income of $459.9 million and earnings per common unit of $15.83. We also announced a $0.06 distribution per unit for the quarter.”
Angeliki Frangou continued, “We are operating in a complex global environment, characterized by geopolitical uncertainty, conflict and changing trade patterns. Our financial and operating performance demonstrates the strength of our diversified business and the benefits of our disciplined approach to capital allocation and risk management. We have used our strong cash flow not only to add vessels to our fleet in an accretive manner, but also to accelerate repayment of debt while returning capital to our unitholders through unit repurchases and distributions.”
Common unit repurchases
Since the commencement of its initial common unit repurchase program in 2024, Navios Partners has repurchased, through October 26, 2026, an aggregate of 2,009,616 common units for cash consideration of approximately $104.4 million, of which 141,392 common units were repurchased during the third quarter of 2026 for $12.0 million. As of October 26, 2026, there were 28,174,772 common units outstanding.
Cash distribution
The Board of Directors of Navios Partners declared a cash distribution for the third quarter of 2026 of $0.06 per unit. The cash distribution will be paid on November 12, 2026 to unitholders of record as of November 9, 2026. The declaration and payment of any cash distributions remain subject to the discretion of the Board of Directors and will depend on, among other things, Navios Partners’ cash requirements as measured by market opportunities
and restrictions under its credit agreements and other debt obligations and such other factors as the Board of Directors may deem advisable.
Fleet update Q3 – Q4 2026 QTD
•$703.2 million acquisition cost of seven newbuilding vessels
$488.0 million acquisition cost of four newbuilding scrubber/shore-power-fitted 10,100 TEU containerships
In September 2026, Navios Partners agreed to acquire four newbuilding scrubber/shore-power-fitted 10,100 TEU containerships from an unrelated third party for an aggregate purchase price of $488.0 million. The vessels have been chartered-out for a period of 5.6 years at an average rate of $48,263 net per day and are expected to be delivered into Navios Partners’ fleet during the second half of 2028 and the first half of 2029. The closing of the transaction is subject to completion of customary documentation.
$124.0 million acquisition cost of one newbuilding scrubber-fitted VLCC tanker
In October 2026, Navios Partners agreed to acquire one newbuilding scrubber-fitted VLCC tanker from an unrelated third party for a purchase price of $124.0 million. The vessel is expected to be delivered into Navios Partners’ fleet during the second half of 2029. The closing of the transaction is subject to completion of customary documentation.
$91.2 million acquisition cost of two newbuilding scrubber-fitted MR2 product tankers
In September 2026, Navios Partners agreed to acquire two newbuilding scrubber-fitted MR2 product tankers from an unrelated third party for an aggregate purchase price of $91.2 million. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2029. The closing of the transaction is subject to completion of customary documentation.
$30.8 million gross sale price for one capesize vessel
In August 2026, Navios Partners agreed to sell one 2009-built capesize vessel of 180,727 dwt with an age of 17 years to an unrelated third party for a gross sale price of $30.8 million. The sale was completed in October 2026.
Two newbuilding vessels delivered
In September 2026, Navios Partners took delivery of a 2026-built methanol-ready MR2 product tanker of 49,998 dwt, which has been chartered-out at a rate of $23,400 net per day for a period of about five years.
In September 2026, Navios Partners took delivery of a 2026-built methanol-ready and scrubber-fitted 7,900 TEU containership, which has been chartered-out at a rate of $42,463 net per day for a period of about four years.
•$735.1 million additional contracted revenue agreed; $5.0 billion total contracted revenue
Navios Partners has entered into additional long-term charters which are expected to generate revenue of $735.1 million.
Eight containerships have been chartered-out for an average period of 4.2 years at an average rate of $43,457 net per day.
Four tankers have been chartered-out for an average period of 3.5 years at an average rate of $28,050 net per day.
Two dry bulk vessels have been chartered-out for an average period of 3.1 years at an average rate of $23,412 net per day (assuming floor rate on one newbuilding vessel).
Including the above long-term charters, Navios Partners currently has $5.0 billion contracted revenue through 2037.
Full report: Navios Maritime Partners
























