Earnings release
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Navios Maritime Partners L.P. Reports Financial Results for the Second Quarter and Six Months Ended June 30 , 2021 • Revenue : ○ $ 152.0 million for Q2 2021 o $ 217.1 million for H1 2021 • Net cash from operating activities : ○ $ 61.1 million for Q2 2021 。 $ 77.2 million for H1 2021 • Adjusted EBITDA : ○ $ 90.4 million for Q2 2021 ○ $ 124.1 million for H1 2021 • Net Income ○ $ 99.9 million for Q2 2021 ○ $ 236.6 million for H1 2021 • ~ $ 615.0 million financing arranged year - to - date ~ $ 124.3 million to refinance 2021 maturities ○ No significant maturities until 2023 • Significant fleet expansion ○ 81 % increase in number of vessels year - to - date MONACO , July 27 , 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 second quarter and six month period ended June 30 , 2021 . Angeliki Frangou , Chairman and Chief Executive Officer of Navios Partners stated , “ I am pleased with the results for the second quarter of 2021. During the second quarter , Navios Partners recorded revenue of $ 152.0 million and net income of $ 99.9 million . " Angeliki Frangou continued , “ Navios Partners is a top - 10 US publicly listed shipping company with a dry cargo fleet of 98 vessels . Of our fleet , 56 % are dry bulk vessels and 44 % are containerships . This diversified fleet should not only insulate us from normal industry cyclicality , but create optionality as we leverage fundamentals across sectors and reduce cost of capital . Our balance sheet is also strong , with 27.3 % net debt to book capitalization and no near term debt maturities ” . Fleet Update • Acquisition of six 5,300 TEU Newbuilding Containerships ( four plus two on Navios Partners ' option )