Earnings release
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Navios Maritime Partners L.P. Reports Financial Results for the First Quarter of 2021 • Merger with Navios Maritime Containers L.P. completed on March 31 , 2021 • Revenue : ○ $ 108.8 million total revenue for Q1 2021 $ 65.1 million from Navios Partners • $ 43.7 million from Navios Containers • Net cash from operating activities : ○ $ 27.4 million total net cash from operating activities for Q1 2021 • $ 16.2 million from Navios Partners • $ 11.2 million from Navios Containers • Adjusted EBITDA : ○ $ 56.4 million total Adjusted EBITDA for Q1 2021 • $ 33.7 million from Navios Partners • $ 22.7 million from Navios Containers • $ 500.0 million financing ○ Refinancing 2021 maturities No significant maturities until 2023 • Significant fleet expansion ○ 65 % increase in number of vessels year - to - date $ 0.05 per unit cash distribution for Q1 2021 MONACO , April 29 , 2021 Navios Maritime Partners L.P. ( " Navios Partners " ) ( NYSE : NMM ) , an international owner and operator of dry cargo vessels , today reported its financial results for the first quarter ended 2021 . Angeliki Frangou , Chairman and Chief Executive Officer of Navios Partners stated , “ I am pleased with the results for the first quarter of 2021. During the first quarter , total revenue of Navios Partners and Navios Containers , was $ 108.8 million and total adjusted EBITDA was $ 56.4 million . " Angeliki Frangou continued , “ Navios Partners today is a top ten publicly listed dry cargo fleet company with 89 vessels comprised of 51 dry bulk vessels and 38 containerships . We expect that our diversified fleet will benefit from the distinct industry drivers while also offering some insulation against cyclicality . For example , given the ongoing strength in the container industry , we fixed about 89 % of available days . In contrast , in the dry bulk segment , we have over 62 % of available days open or on index linked charters so that we can capture further market firming . We believe these two segments housed in a single company strengthen our business . ” 1