Navios Maritime Partners (NMM) Tops Q2 EPS by 4c

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Go back to Navios Maritime Partners (NMM) Tops Q2 EPS by 4c

Navios Maritime Partners L.P. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2017

July 27, 2017 8:04 AM EDT

Revenue: $92.4 million for the six months; $50.0 million in Q2Adjusted EBITDA: $58.1 million for the six months; $32.2 million in Q2Agreement to acquire two drybulk vesselsDrybulk Fleet renewal program- Seven vessels acquired in 2017- One vessel sold- ~ 9% reduction in drybulk fleet age- 33% increase in drybulk fleet capacityNavios Maritime Containers Inc. (Navios Containers)- Raised $50.0 million- Acquired the 14-container vessel fleet from RMT and reimbursed NMM all costs + $5.0 million- NMM invested $30.0 million for ~ 60% + warrants for 6.8%

MONACO, July 27, 2017 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (Navios Partners or the Company) (NYSE:... More