NaviOS Maritime Partners L.P Reports Earnings Results for Q2 FY 2023

September 3, 2023

🌥️Earnings Overview

On August 31, 2023, NAVIOS MARITIME PARTNERS L.P ($NYSE:NMM). reported its earnings results for the second quarter of fiscal year 2023 (ending on June 30, 2023). Total revenue for the quarter grew by 23.6% year-over-year, amounting to USD 346.9 million. Unfortunately, net income decreased by 5.0% from the same period last year, standing at USD 112.3 million.

Share Price

The stock opened at $22.5, but closed at $22.2, marking a decline of 1.5% from its last closing price of $22.6. This decline in stock price marked the second consecutive quarter in which the company’s stock decreased in value. This growth in the company’s financials was driven by increased demand for its services and a higher utilization rate of its vessels. The company’s vessels were able to complete more voyages in the second quarter than in the same period last year, leading to higher revenues and profits.

Looking ahead, NaviOS Maritime Partners L.P is expecting further growth in the coming quarters as global demand for its services continues to increase. The company believes that its fleet of vessels will continue to remain busy, enabling it to generate higher profits and returns for its shareholders. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for NMM. More…

    Total Revenues Net Income Net Margin
    1.35k 575.16 34.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for NMM. More…

    Operations Investing Financing
    587.52 -222.72 -269.38
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for NMM. More…

    Total Assets Total Liabilities Book Value Per Share
    4.97k 2.41k 84.53
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for NMM are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    83.7% 124.0% 52.7%
    FCF Margin ROE ROA
    -10.8% 17.8% 9.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has conducted an analysis of NAVIOS MARITIME PARTNERS L.P’s fundamentals, and based on our Star Chart NAVIOS MARITIME PARTNERS L.P is strong in dividend and growth, and medium in asset and profitability. NAVIOS MARITIME PARTNERS L.P also has an intermediate health score of 6/10, indicating that it might be able to sustain future operations even in times of crisis. We have classified the company as a ‘gorilla’, or one that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Investors interested in reliable dividend payments or consistent revenue/earnings growth may find NAVIOS MARITIME PARTNERS L.P to be worth considering. Furthermore, those looking for an investment opportunity with a good chance of withstanding market downturns may also be attracted to NAVIOS MARITIME PARTNERS L.P’s intermediate health score. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company is involved in the ocean-going transportation of dry-bulk cargoes and provides seaborne transportation services to the international steel, coal, grain, and fertilizer markets. Navios Maritime Partners LP is one of the largest owners and operators of dry-bulk vessels in the world. The company’s common units trade on the New York Stock Exchange under the ticker symbol “NMM.” Navios Maritime Holdings Inc, Star Bulk Carriers Corp, Golden Ocean Group Ltd are all competitors of Navios Maritime Partners LP.

    – Navios Maritime Holdings Inc ($NYSE:NM)

    Navios Maritime Holdings Inc is a leading provider of maritime transportation services for a wide range of dry cargo commodities. The company owns and operates a modern fleet of vessels that provide efficient and reliable transportation services to its customers. Navios Maritime Holdings Inc has a market cap of 44.28M as of 2022, a Return on Equity of 540.98%. The company’s strong financial position and experienced management team provide it with the ability to continue to grow and create shareholder value.

    – Star Bulk Carriers Corp ($NASDAQ:SBLK)

    Star Bulk Carriers Corp is a global shipping company that owns and operates a fleet of vessels that transport dry bulk commodities. The company has a market cap of 1.95B as of 2022 and a ROE of 28.05%. Star Bulk Carriers Corp is headquartered in Athens, Greece and has a global presence with offices in Singapore, China, and Germany. The company’s fleet consists of over 150 vessels with a total capacity of 18.5 million dwt. Star Bulk Carriers Corp is one of the largest dry bulk shipping companies in the world and transports a variety of commodities including iron ore, coal, grain, and fertilizers.

    – Golden Ocean Group Ltd ($LTS:0RII)

    As of 2022, Golden Ocean Group Ltd has a market cap of 17.44B and a Return on Equity of 23.9%. The company is engaged in the transportation of dry bulk cargoes.

    Summary

    NAVIOS MARITIME PARTNERS L.P recently reported its financials for the second quarter of 2023, with total revenue increasing by 23.6% compared to the same period in the prior year. Despite the positive growth, net income for the quarter showed a 5.0% decrease year-over-year, amounting to USD 112.3 million. Investors considering NAVIOS MARITIME PARTNERS L.P can review these results and compare them to past performance to determine whether the company is worth investing in. NAVIOS MARITIME PARTNERS L.P should also be evaluated for risks associated with fluctuations in commodity prices, as well as potential changes in regulations and supply chain disruptions.

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