Navios Maritime Midstream Partners (NAP) Misses Q2 EPS by 13c

Navios Maritime Midstream Partners (NYSE: NAP) reported Q2 EPS of $0.10, $0.13 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $18.5 million versus the consensus estimate of $21.06 million.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Midstream, stated, “We are pleased to report $18.5 million of revenue and net income of $2.0 million for the second quarter of 2017. We also earned $12.4 million of EBITDA for the quarter and announced a distribution of $0.4225 per unit. Our quarterly dividend represents an annualized distribution of $1.69 per unit and a current yield of about 16%.”

For earnings history and earnings-related data on Navios Maritime Midstream Partners (NAP) click here.

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