Navios Maritime Partners reports strong Q2 2026 results and doubles buyback

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โดย The Motley Fool·Read original
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Navios Maritime Partners reported second quarter 2026 net income of $167.9 million and earnings per common unit of $5.78, while announcing a new $200 million common unit repurchase authorization that doubles the size of its current program. Revenue for the quarter rose 25% to $410.2 million, and adjusted EBITDA increased by $70 million to $242 million compared to the same period last year. The company's contracted revenue backlog reached a record $4.4 billion, extending through 2037, and its net loan-to-value ratio improved to 27.9%. Navios also highlighted a fleet modernization strategy, including the acquisition of seven newbuilding VLCCs for $844 million and three newbuilding Capesize vessels for $204 million, with long-term charters expected to generate approximately $700 million and $86 million in contracted revenue respectively.

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