Navios Maritime Partners (NYSE: NMM) reported Q4 EPS of $1.11, $0.15 worse than the analyst estimate of $1.26. Revenue for the quarter came in at $61.3 million versus the consensus estimate of $60.75 million.

• Revenue:
  • $61.3 million for Q4 2019
  • $219.4 million for 2019
• Net cash from operating activities:
  • $23.3 million for Q4 2019
  • $70.4 million for 2019
• Adjusted EBITDA:
  • $33.7 million for Q4 2019
  • $120.0 million for 2019
• Acquired 11 vessels:
• Three Panamax and one Handymax vessel delivered in December 2019
  • Two Kamsarmax vessels (bareboat leases) expected to be delivered in H1 2021
  • Five containerships delivered in December 2019, upon the liquidation of Navios Europe I
• Diversified debt maturity profile through 2030
  • No debt maturities until Q3 2021
• Returning capital to Unitholders
  • $3.4 million cash distribution for Q4 ($0.30 per unit)

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated, “I am pleased with the results for the fourth quarter and full year of 2019. For the fourth quarter, Navios Partners reported $33.7 million in EBITDA, $12.2 million in Adjusted Net Income and $1.11 in Adjusted Earnings per Common Unit. For the full year of 2019, Navios Partners reported $120.0 million in Adjusted EBITDA, $26.9 million in Adjusted Net Income and $2.43 in Adjusted Earnings per Common Unit.”

Angeliki Frangou continued, “The drybulk market has been adversely affected by the Chinese New Year and the fear and uncertainty caused by the global coronavirus outbreak. Because the situation is too fluid, we are unable to provide any meaningful indication of the effect on our 2020 activity, but we are closely monitoring the events.”

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