Page 1

■ N ■ N Navios Maritime Partners L.P. Navios Maritime Partners L.P. Reports Financial Results for the Third Quarter and Nine Months Ended September 30 , 2021 November 10 , 2021 • Revenue : • $ 228.0 million for Q3 2021 • $ 445.0 million for 9M 2021 • Net cash from operating activities : • $ 70.9 million for Q3 2021 o $ 148.2 million for 9M 2021 • Net Income : • $ 162.1 million for Q3 2021 • $ 398.6 million for 9M 2021 • Adjusted EBITDA : o $ 145.2 million for Q3 2021 o $ 269.8 million for 9M 2021 • Merger with Navios Maritime Acquisition Corporation completed on October 15 , 2021 • Entry in crude and product tankers segments • 163 % increase in number of vessels year - to - date • Secured long - term time charters for 10 containerships o - $ 690 million contracted revenue • $ 0.05 per unit cash distribution for Q3 2021 MONACO , Nov. 10 , 2021 ( GLOBE NEWSWIRE ) -- Navios Maritime Partners L.P. ( " Navios Partners " ) ( NYSE : NMM ) , an international owner and operator of dry cargo and tanker vessels , today reported its financial results for the third quarter and nine month periods ended September 30 , 2021 . Angeliki Frangou , Chairman and Chief Executive Officer of Navios Partners stated , " I am pleased with the results for the third quarter of 2021. During the third quarter of 2021 , Navios Partners recorded Revenue of $ 228.0 million , Adjusted EBITDA of $ 145.2 million and Net Income of $ 162.1 million . " Angeliki Frangou continued , " Navios Partners is one of the largest U.S. publicly - listed shipping companies , operating across three segments , with 15 vessel types , servicing more than 10 end markets . Diversification creates resiliency in our overall business model , enabling us to mitigate individual segment volatility , while also allowing us to leverage each sector's unique fundamentals . Diversification also creates significant flexibility in chartering , S & P and financing activities . We have been taking advantage of robust markets through our chartering activity . In our containership segment , we have secured a number of long - term charters and have thus far fixed 88.1 % of available containership days for 2022 and developed $ 1.6 billion in total contracted revenue through 2030. In our dry bulk segment , we continue to benefit from a strong spot market , with most available days exposed to market . We are positioned to fix vessels once attractive period charters are available . Lastly , our tanker segment is benefiting from existing long - term contracts and a materially improving market . We hope that the tanker market continues to strengthen . " Merger with Navios Maritime Acquisition Corporation On October 15 , 2021 , Navios Partners completed its merger ( the " Merger " ) with Navios Maritime Acquisition Corporation ( " Navios Acquisition " ) . As a result of the Merger , Navios Acquisition became a wholly - owned subsidiary of Navios Partners . Each outstanding common unit of Navios Acquisition that was held by a unitholder other than Navios Partners , Navios Acquisition and their respective subsidiaries was converted into the right to receive 0.1275 of a common unit of Navios Partners . As a result of the Merger , 3,388,226 common units of Navios Partners were issued to former public