)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Navios Maritime Partners
Navios Maritime Partners (NMM) investor relations material
Navios Maritime Partners Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary4 Nov, 2026
Executive summary
Q3 2026 net income was $185.7m and earnings per common unit were $6.42; 9M net income was $459.9m and earnings per common unit were $15.83.
Q3 revenue rose 24.5% YoY to $432.0m; 9M revenue increased 22.5% to $1.20bn, mainly on higher TCE rates.
Operated 182 vessels across dry bulk, containerships and tankers, with an 8.5-year average fleet age and $5.0bn contracted revenue backlog through 2037.
Q3 cash distribution was $0.06 per unit; cash flow supported fleet additions and accelerated debt repayment.
Management cited geopolitical uncertainty and changing trade patterns, emphasizing diversification, disciplined capital allocation and risk management.
Financial highlights
Q3 revenue was $432.0m versus $346.9m; EBITDA was $293.9m versus $193.9m, including a $21.9m vessel-sale gain; adjusted EBITDA was $272.0m.
Q3 net income was $185.7m versus $56.3m; adjusted net income was $163.7m versus $83.7m. Basic EPS was $6.42 versus $1.90.
9M revenue was $1.20bn versus $978.6m; net income was $459.9m versus $168.0m and adjusted net income was $396.5m versus $195.7m.
Combined TCE increased 25.7% YoY to $30,371/day in Q3 and 23.6% to $28,209/day for 9M; fleet utilization was 99.3% and 99.4%, respectively.
Combined vessel OPEX was $7,320/day in Q3, up from $6,798; the 9M rate was $7,223/day versus $6,961.
Outlook and guidance
Q4 2026 contracted revenue exceeded estimated cash operating costs by $133.6m, with 10,972 fixed days and 2,713 open or index-linked days; 80.2% of available days were fixed at $31,837/day net.
For 2027, contracted revenue exceeded estimated cash operating costs by $4.0m; 56.5% of available days were fixed at $29,605/day net, with 25,220 open or index-linked days.
Each additional $1,000/day earned on 2027 open or index-linked days would generate over $25m of additional free cash.
Contracted revenue backlog was $5.0bn through 2037: $2.6bn from containerships, $2.1bn from tankers and $0.3bn from dry bulk.
Thirty-four newbuildings are scheduled for delivery through 2029, representing $3.1bn of investment; long-term charters are expected to generate $2.3bn in contracted revenue over a five-year average duration.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Navios Maritime Partners
- $3.3B in contracted revenue and lower leverage offset a projected FY 2024 cash shortfall.NMM
Q4 2023 - Q2 2026 delivered record earnings, strong liquidity, and a $4.4bn revenue backlog.NMMQ2 2026
- Registering up to $500 million in securities to fund fleet growth and corporate initiatives.NMMRegistration filing
- Q1 2026 saw robust earnings, $357M revenue, and a $4.1B contracted backlog amid volatility.NMMQ1 2026
- Q4 2025 revenue up 10%, higher dividends, and $3.8B contracted revenue support outlook.NMMQ4 2025
- Q3 2024 saw strong earnings, cash flow, and $3.9B backlog amid global market volatility.NMMQ3 2024
- Q2 2024 delivered $342.2M revenue, $101.5M net income, and $3.7B in contracted revenue.NMMQ2 2024
- Q1 2025 delivered strong cash flow and a $3.4B backlog despite lower earnings and market risks.NMMQ1 2025
- FY 2024 revenue hit $1.33B, net income $367.3M, with $3.6B contracted and strong capital returns.NMMQ4 2024
Next Navios Maritime Partners earnings date
Q4 202616 Feb, 2027
Navios Maritime Partners
Next Navios Maritime Partners earnings date
Q4 202616 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Navios Maritime Partners L.P. (Navios Partners) is a prominent international owner and operator of dry cargo and tanker vessels. The company's operations span across the globe, offering seaborne transportation services for a variety of liquid and dry cargo commodities. These include crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers. Navios Partners is recognized for its diversified fleet and customer base, operating under short, medium, and longer-term charters. The company's fleet comprises roughly 170 vessels, including Ultra-Handymax, Panamax, Capesize Vessels, Containerships, Crude, and Product Tankers, showcasing a broad range of capabilities in seaborne shipping. The company is headquartered in Monaco, and its shares are listed on the NYSE.