Navios Maritime Partners reports Q2 2026 net income, raises repurchase plan

Navios Maritime Partners (NYSE: NMM ) reported second-quarter financial results on Thursday.

The transcript from the company's second-quarter earnings call has been provided below.

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For comprehensive financial data and transcripts, visit View the webcast at Summary Navios Maritime Partners reported strong financial results for Q2 2026 with net income of $167.9 million, EBITDA of $275.2 million, and earnings per common unit of $5.78.

Revenue increased by 25% year-over-year to $410 million.

The company continues to modernize its fleet, selling older vessels and acquiring new ones, including seven newbuilding VLCCs and three new Capesize vessels, aiming to enhance cash flow visibility and benefit from favorable market conditions.

Navios announced a new $200 million common unit repurchase program, doubling its previous authorization, as part of a strategy to create shareholder value and maintain financial flexibility.

The company's diversified fleet across tanker, dry bulk, and container segments secured a total contracted revenue backlog of $4.4 billion extending through 2037, providing strong earnings visibility.

Management highlighted the impact of geopolitical tensions on global trade patterns, emphasizing the strategic advantage of having a young, modern fleet and the importance of maintaining a disciplined risk management approach.

Full Transcript OPERATOR Hello and welcome everyone joining today's Navios Maritime Partners Q2 2026 earnings call.

At this time all participants are in a listen-only mode.

Later you will have the opportunity to ask questions during the question-and-answer session.

To register to ask a question at any time, please press star-1 on your telephone keypad.

Please note this call is being recorded and we are standing by if you should need any assistance.

With us today from the company are Chairwoman and CEO Ms.

Angeliki Frangou, Chief Operating Officer Mr.

Stratos de Cypris, Chief Financial Officer Ms.

Eri Tironi, and Chief Trading Officer Mr.

Vincent von de Wahle.

As a reminder, this conference call is being webcast.

To access the webcast, please go to the Investor section of Navios Maritime Partners’ website, You will see the webcasting link in the middle of the page, and a copy of the presentation referenced in today's earnings conference call will also be found there.

Now I will review the Safe Harbor Statement.

This conference call could contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Maritime Partners.

Forward-looking statements are statements that are not historical facts.

Such forward-looking statements are based upon the current beliefs and expectations of Navios Maritime Partners’ management and are subject to risks and uncertainties which could cause actual results to differ materially from the forward-looking statements.

Such risks are more fully discussed in Navios Maritime Partners’ filings with the Securities and Exchange Commission.

The information set forth herein should be understood in light of such risks.

Navios Maritime Partners does not assume any obligation to update the information contained in this conference call.

The agenda for today's call is as follows: First, Ms.

Frangou will offer opening remarks.

Next, Mr. de Cypris will give an overview of Navios Maritime Partners’ segment data.

Next, Ms.

Tironi will give an overview of Navios Maritime Partners’ financial results.

Then Mr. von de Wahle will provide an industry overview, and lastly we'll open the call to take questions.

Now I turn the call over to Navios Maritime Partners’ Chairwoman and CEO, Ms.

Angeliki Frangou.