Free Research Report as Navios Partners’ Q3 Results Beat Market Expectations

Stock Monitor: Dynagas LNG Partners Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 28, 2017 / Active-Investors.com has just released a free earnings report on Navios Maritime Partners L.P. (NYSE: NMM) (“Navios Partners”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NMM. The Company reported its financial results on November 14, 2017, for the third quarter of the fiscal year 2017. The Monaco-based Company’s time charter and voyage revenues rose on a year-over-year basis, outshining market consensus forecasts.

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Active-Investors.com is currently working on the research report for Dynagas LNG Partners LP (NYSE: DLNG), which also belongs to the Services sector as the Company Navios Maritime Partners. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=DLNG

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Navios Maritime Partners most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=NMM

Earnings Highlights and Summary

For the three months ended September 30, 2017, Navios Partners’ time charter and voyage revenues were $59.95 million, which came in above the $50.34 million reported in the prior year’s same quarter, and also topping analysts’ forecasts who were expecting revenues of $58.81 million. The growth in time charter and voyage revenues was primarily attributed to the acquisition of seven vessels in FY17 and an increase in available days of the fleet.

The owner and operator of container and dry bulk vessels reported a net income attributable to Navios Partners of $9.29 million, or $0.06 per diluted share, in Q3 FY17 compared to a net loss of $33.86 million, or $0.40 per diluted share, in Q3 FY16. The Company’s adjusted net income was $6.14 million, or $0.04 per diluted share, for the reported quarter versus $6.10 million, or $0.07 per diluted share, in the last year’s comparable quarter. Meanwhile, Wall Street had expected the Company to report an adjusted net income of $0.01 per diluted share.

Operational Metrics

In Q3 FY17, Navios Partners’ time charter and voyage expenses grew to $1.40 million from $0.58 million in Q3 FY16, whereas Time Charter Equivalent (TCE) rate per day was down to $15,588 in Q3 FY17 from $16,968 in Q3 FY16. The Company’s direct vessel expenses were $2.19 million during Q3 FY17 compared to $1.68 million in the year ago corresponding period, while management fees were $20.28 million for the reported quarter, which came in above the $14.88 million incurred in Q3 FY16. The Company’s general and administrative (G&A) expenses came in at $3.89 million for the reported quarter compared to $2.37 million in Q3 FY16. Navios Partners posted an operating surplus of $27.19 million in Q3 FY17 compared to $23.19 million in Q3 FY16. Furthermore, the Company reported an adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $37.86 million in Q3 FY17 versus $32.83 million in Q3 FY16.

During the reported quarter, the Company’s available fleet days were 3,178 compared to 2,812 in the year ago same period. The Company reported fleet operating days of 3,165 in Q3 FY17 versus 2,806 in Q3 FY16. Navios Partners’ fleet utilization was 99.6% during Q3 FY17, lower than the 99.8% in Q3 FY16. Additionally, the Company has a fleet of 37 vessels in Q3 FY17 compared to 31 vessels at the end of Q3 FY16.

Cash Flow and Balance Sheet

Navios Partners’ net cash inflow from operating activities was $27.38 million in Q3 FY17 compared to a net cash outflow from operating activities of $4.11 million in Q3 FY16. The Company reported a cash and cash equivalents balance, including restricted cash balance, of $31.36 million as on September 30, 2017, compared to $25.09 million as on December 31, 2016. Furthermore, the Company had a net long-term debt balance amounting to $473.54 million in its books of accounts as on September 30, 2017, compared to $449.75 million as on December 31, 2016.

Stock Performance Snapshot

December 27, 2017 – At Wednesday’s closing bell, Navios Maritime Partners’ stock slightly declined 0.44%, ending the trading session at $2.28.

Volume traded for the day: 785.73 thousand shares, which was above the 3-month average volume of 633.59 thousand shares.

Stock performance in the last month – up 18.13%; previous three-month period – up 8.57%; past twelve-month period – up 50.99%; and year-to-date – up 61.70%

After yesterday’s close, Navios Maritime Partners’ market cap was at $345.42 million.

Price to Earnings (P/E) ratio was at 456.00.

The stock is part of the Services sector, categorized under the Shipping industry. This sector was flat at the end of the session.

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