Navios Maritime Partners (NYSE: NMM) reported Q4 EPS of $0.03, $0.02 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $57.5 million versus the consensus estimate of $60.45 million.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated, “I am pleased with our results. Navios Partners reported $139.1 million of adjusted EBITDA and $36.7 million of adjusted net income for 2018, of which $31.0 million of adjusted EBITDA and $5.1 million of adjusted net income was reported in the fourth quarter of 2018.”

Angeliki Frangou continued, “NMM owns 38 vessels, and the TCE rate for our drybulk fleet was 18% higher in 2018 than 2017. We declared a quarterly distribution of $0.02 cents per unit for the fourth quarter, representing a current yield of approximately 8.0%.

We also continue to leverage the weakness in the container sector through our 33.5% interest in Navios Containers. Today, Navios Containers owns 30 containerships, trades on NASDAQ and has an enviable balance sheet and competitive position.”

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