Navios Maritime Partners (DE:3PXA)
NYSE:3PXA
Earnings Data
Report Date
Aug 26, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.75Last Year’s EPS
1.84Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial picture: rising revenues (+17%), materially higher TCE rates (+21% combined, with sector strengths up to +39%), record contracted backlog ($4.1B, +16%), successful fleet modernization and de-risked VLCC expansion, and improving balance sheet metrics (net LTV trending down to 28.3%, liquidity ~$593M). Lowlights were manageable and largely transitional: net LTV remains above the 20–25% target, ongoing newbuilding equity commitments (~$329M), modest reduction in available days (-3%), currency-driven G&A increases, and macro/geopolitical risks related to the Strait of Hormuz that could reverse current tailwinds. On balance, highlights substantially outweigh the lowlights given strong near-term contracted cash flows, significant backlog, and active capital allocation/renewal strategy.Company Guidance
Strong Quarterly Profitability
Reported net income of $106.3M and EBITDA of $212.7M for Q1 2026; adjusted EBITDA rose by $51M to $204M and adjusted net income increased by $15M to $98M.
Revenue and TCE Rate Improvement
Total revenue increased 17% year-over-year to $357M. Combined time charter equivalent (TCE) rate rose 21% to $25,679/day. Sector TCE improvements: dry bulk +39% to $17,632/day, tankers +23% to $32,209/day, containers +4% to $31,696/day.
Record High Contracted Revenue Backlog
Contracted revenue backlog reached a record $4.1B, up 16% (≈$549M added). Backlog split: $1.7B tankers, $2.1B containerships, $0.3B dry bulk; includes long-dated charters extending through 2037.
VLCC Fleet Expansion with De-risked Cash Flows
Acquired 4 newbuilding VLCCs for $482M chartered for ~5 years at ~$47,763/day (~24% above 20-year average), capturing $357M in contracted revenue and reducing average VLCC age to 5.9 years (almost 40% reduction); VLCC fleet expanded nearly 60% with minimal near-term risk.
Fleet Modernization and Scale
Operating fleet of 173 vessels across tanker, dry bulk and container segments; average fleet age 9.1 years vs industry 13.7 (fleet ~35% younger than industry average); tanker fleet avg age 5.5 years. 26 newbuilds delivering through 2029 representing $2.1B of investment.
Contract Coverage and Upside Potential
For the year, 53,713 available days with ~80% fixed and 20% open/indexed. 73% of available days fixed at a net average rate of ~$27,859/day; contracted revenue for remaining 9 months exceeds estimated total cash operating cost by ~$179.2M and 10,838 open/index days offer upside.
Improving Balance Sheet and Liquidity
Available liquidity of ~$593M (cash & equivalents $421M plus $172M undrawn facilities). Net LTV improved to 28.3% (a 37% reduction versus prior measure); net debt to book capitalization improved to 31.2%. 55 debt-free vessels and nearly $2B of debt-free assets.
Capital Return and Shareholder Actions
Declared $0.06 distribution for the quarter. Returned ~$1.7M in distributions (a 20% increase from prior level). Repurchased 240,502 units year-to-date (0.8% of float) for $15.6M; under the $100M buyback program purchased 5.8% of units outstanding with ~$16.4M remaining capacity.
Diversified Financing and Interest Management
Diversified financing base including a $300M senior unsecured bond; 43% of debt fixed at average interest rate of 6.2%; 51% of debt carries no LTV covenant. Average margin on floating rate in‑water debt lowered to ~1.8%, committed newbuilding floating margin ~1.5%.
DE:3PXA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:3PXA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2026 | €63.93 | €67.53 | +5.63% |
Feb 19, 2026 | €52.95 | €52.17 | -1.47% |
Nov 18, 2025 | €42.93 | €43.56 | +1.48% |
Aug 21, 2025 | €21.44 | €21.44 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Navios Maritime Partners (DE:3PXA) report earnings?
Navios Maritime Partners (DE:3PXA) is schdueled to report earning on Aug 26, 2026, TBA (Confirmed).
What is Navios Maritime Partners (DE:3PXA) earnings time?
Navios Maritime Partners (DE:3PXA) earnings time is at Aug 26, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Navios Maritime Partners stock?
The P/E ratio of Navios Maritime Partners is N/A.
What is DE:3PXA EPS forecast?
DE:3PXA EPS forecast for the fiscal quarter 2026 (Q2) is 3.75.
