Greece's Navios Maritime Q2 revenue beats estimates on higher time charter equivalent rates
NMM•Key figures and analyst view
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Revenue | $410.17 mln | $355.77 mln (4 Analysts) |
| Q2 Adjusted EPS | $4.65 | $4.39 (5 Analysts) |
| Q2 Adjusted Net Income | $134.97 mln | $134.22 mln (3 Analysts) |
| Q2 Net Income | $167.92 mln | |
| Q2 Adjusted EBITDA | $242.20 mln | $231.09 mln (5 Analysts) |
| Q2 EBITDA | $275.15 mln |
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
The average consensus recommendation for the marine freight & logistics peer group is "buy." Wall Street's median 12-month price target for Navios Maritime Partners L.P. is $95.00, about 13.7% above its August 19 closing price of $83.58.
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago.
Outlook and operating drivers
Navios Partners expects contracted revenue of $591.2 mln for H2 2026 and $884.8 mln for 2027.
The company has fixed 77.1% of available days for H2 2026 and 50.9% for 2027.
The company said geopolitical conflicts may shift global trade patterns and result in longer-haul routes.
Revenue increased mainly due to higher time charter equivalent rates across its fleet. Vessel operating expenses fell due to a decrease in opex days, and adjusted net income benefited from a decrease in interest expense and finance cost, net.
