Navios Maritime Partners L.P. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2026

PIRAEUS, Greece, Nov. 04, 2026 (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 period ended September 30, 2026.

Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners stated, “For the third quarter, we reported net income of $185.7 million and earnings per common unit of $6.42.  For the first nine months, we reported net income of $459.9 million and earnings per common unit of $15.83. We also announced a $0.06 distribution per unit for the quarter.”

Angeliki Frangou continued, “We are operating in a complex global environment, characterized by geopolitical uncertainty, conflict and changing trade patterns. Our financial and operating performance demonstrates the strength of our diversified business and the benefits of our disciplined approach to capital allocation and risk management. We have used our strong cash flow not only to add vessels to our fleet in an accretive manner, but also to accelerate repayment of debt while returning capital to our unitholders through unit repurchases and distributions.”

Common unit repurchases

Since the commencement of its initial common unit repurchase program in 2024, Navios Partners has repurchased, through October 26, 2026, an aggregate of 2,009,616 common units for cash consideration of approximately $104.4 million, of which 141,392 common units were repurchased during the third quarter of 2026 for $12.0 million. As of October 26, 2026, there were 28,174,772 common units outstanding.

Cash distribution

The Board of Directors of Navios Partners declared a cash distribution for the third quarter of 2026 of $0.06 per unit. The cash distribution will be paid on November 12, 2026 to unitholders of record as of November 9, 2026. The declaration and payment of any cash distributions remain subject to the discretion of the Board of Directors and will depend on, among other things, Navios Partners’ cash requirements as measured by market opportunities and restrictions under its credit agreements and other debt obligations and such other factors as the Board of Directors may deem advisable.

Fleet update Q3 – Q4 2026 QTD

• $703.2 million acquisition cost of seven newbuilding vessels
  
  • $488.0 million acquisition cost of four newbuilding scrubber/shore-power-fitted 10,100 TEU containerships

  In September 2026, Navios Partners agreed to acquire four newbuilding scrubber/shore-power-fitted 10,100 TEU containerships from an unrelated third party for an aggregate purchase price of $488.0 million. The vessels have been chartered-out for a period of 5.6 years at an average rate of $48,263 net per day and are expected to be delivered into Navios Partners’ fleet during the second half of 2028 and the first half of 2029. The closing of the transaction is subject to completion of customary documentation.

  • • $124.0 million acquisition cost of one newbuilding scrubber-fitted VLCC tanker

    In October 2026, Navios Partners agreed to acquire one newbuilding scrubber-fitted VLCC tanker from an unrelated third party for a purchase price of $124.0 million. The vessel is expected to be delivered into Navios Partners’ fleet during the second half of 2029. The closing of the transaction is subject to completion of customary documentation.

    • • $91.2 million acquisition cost of two newbuilding scrubber-fitted MR2 product tankers

      In September 2026, Navios Partners agreed to acquire two newbuilding scrubber-fitted MR2 product tankers from an unrelated third party for an aggregate purchase price of $91.2 million. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2029. The closing of the transaction is subject to completion of customary documentation.

      • $30.8 million gross sale price for one capesize vessel

      In August 2026, Navios Partners agreed to sell one 2009-built capesize vessel of 180,727 dwt with an age of 17 years to an unrelated third party for a gross sale price of $30.8 million. The sale was completed in October 2026.

      • Two newbuilding vessels delivered

      In September 2026, Navios Partners took delivery of a 2026-built methanol-ready MR2 product tanker of 49,998 dwt, which has been chartered-out at a rate of $23,400 net per day for a period of about five years.

      In September 2026, Navios Partners took delivery of a 2026-built methanol-ready and scrubber-fitted 7,900 TEU containership, which has been chartered-out at a rate of $42,463 net per day for a period of about four years.

      • $735.1 million additional contracted revenue agreed; $5.0 billion total contracted revenue

      Navios Partners has entered into additional long-term charters which are expected to generate revenue of $735.1 million.

      • • Eight containerships have been chartered-out for an average period of 4.2 years at an average rate of $43,457 net per day.
        • Four tankers have been chartered-out for an average period of 3.5 years at an average rate of $28,050 net per day.
        • Two dry bulk vessels have been chartered-out for an average period of 3.1 years at an average rate of $23,412 net per day (assuming floor rate on one newbuilding vessel).

        Including the above long-term charters, Navios Partners currently has $5.0 billion contracted revenue through 2037.

        Financing update

        In October 2026, Navios Partners entered into a new credit facility with a commercial bank for a total amount of up to $90.4 million in order to finance part of the acquisition cost of two newbuilding aframax/LR2 tankers, currently under construction. The facility matures seven years after the delivery date of each vessel and bears interest at Term Secured Overnight Financing Rate (“Term SOFR”) plus 40 bps per annum for any part of the loan secured by cash collateral and 130 bps per annum for the remaining loan amount.

        In September 2026, Navios Partners completed a $45.9 million sale and leaseback agreement with an unrelated third party in order to finance part of the acquisition cost of one newbuilding aframax/LR2 tanker, currently under construction. The sale and leaseback agreement matures seven years after the delivery date of the vessel and bears interest at Term SOFR plus 150 bps per annum.

        During the third quarter of 2026, Navios Partners made approximately $90.2 million of voluntary prepayments of credit facilities maturing from 2028 through 2030, resulting in seven debt-free vessels.

        Operating highlights

        Navios Partners owns and operates a fleet consisting of 65 dry bulk vessels, 54 containerships and 63 tankers, including three newbuilding capesize vessels (chartered-in vessels under bareboat contracts) that are expected to be delivered in the second half of 2028 and during 2029, ten newbuilding containerships (two 7,900 TEU containerships, four 8,850 TEU containerships and four 10,100 TEU containerships) that are expected to be delivered through the first half of 2029 and 21 newbuilding tankers (eight VLCC tankers, eight aframax/LR2 and five MR2 product tanker vessels, of which three are chartered-in vessels under bareboat contracts) that are expected to be delivered through 2029. The fleet excludes a 4,730 TEU containership that has been agreed to be sold.

        As of October 26, 2026, Navios Partners had entered into short, medium and long-term time charter-out, bareboat-out and freight voyage agreements for its vessels with a remaining average term of 2.5 years. Navios Partners has fixed 80.2% and 56.5% of its available days for the fourth quarter of 2026 and for all of 2027, respectively. Navios Partners expects contracted revenue of $349.3 million and $968.9 million for the fourth quarter of 2026 and for all of 2027, respectively. The average expected daily charter-out rate for the fleet is $31,837 and $29,605 for the fourth quarter of 2026 and for all of 2027, respectively.

        EARNINGS HIGHLIGHTS

        For the following results and the selected financial data presented herein, Navios Partners has compiled condensed consolidated statements of operations for the three and nine month periods ended September 30, 2026 and 2025. The quarterly information was derived from the unaudited condensed consolidated financial statements for the respective periods. EBITDA, Adjusted EBITDA, Adjusted Earnings per Common Unit basic and diluted and Adjusted Net Income are non-GAAP financial measures and should not be used in isolation or substitution for Navios Partners’ results calculated in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”).

        (in $‘000 except per unit data)	Three Month Period Ended			Three Month Period Ended			Nine Month Period Ended			Nine Month Period Ended
        	September 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
        	(unaudited)			(unaudited)			(unaudited)			(unaudited)
        Revenue	$	431,964		$	346,923		$	1,199,137		$	978,593
        Net Income	$	185,658		$	56,332		$	459,921		$	168,006
        Adjusted Net Income	$	163,745	(1)	$	83,702	(3)	$	396,472	(4)	$	195,705	(6)
        Net cash provided by operating activities	$	235,393		$	103,077		$	548,682		$	381,257
        EBITDA	$	293,870		$	193,947		$	781,717		$	519,791
        Adjusted EBITDA	$	271,957	(1)	$	194,040	(2)	$	718,268	(4)	$	520,213	(5)
        Earnings per Common Unit basic	$	6.42		$	1.90		$	15.83		$	5.62
        Earnings per Common Unit diluted	$	6.42		$	1.90		$	15.83		$	5.62
        Adjusted Earnings per Common Unit basic	$	5.66	(1)	$	2.83	(3)	$	13.64	(4)	$	6.56	(6)
        Adjusted Earnings per Common Unit diluted	$	5.66	(1)	$	2.83	(3)	$	13.64	(4)	$	6.56	(6)

        (1)	Adjusted Net Income, Adjusted EBITDA and Adjusted Earnings per Common Unit basic and diluted for the three month period ended September 30, 2026 have been adjusted to exclude a $21.9 million gain related to the sale of our vessels.
        (2)	Adjusted EBITDA for the three month period ended September 30, 2025 has been adjusted to exclude a $0.1 million net loss related to the sale of our vessels.
        (3)	Adjusted Net Income and Adjusted Earnings per Common Unit basic and diluted for the three month period ended September 30, 2025 have been adjusted to exclude the item referred to in footnote (2) above, as well as a $27.3 million accelerated amortization of favorable lease terms resulting from the termination of contracts for two vessels.
        (4)	Adjusted Net Income, Adjusted EBITDA and Adjusted Earnings per Common Unit basic and diluted for the nine month period ended September 30, 2026 have been adjusted to exclude a $63.4 million net gain related to the sale of our vessels.
        (5)	Adjusted EBITDA for the nine month period ended September 30, 2025 has been adjusted to exclude a $0.4 million net loss related to the sale of our vessels.
        (6)	Adjusted Net Income and Adjusted Earnings per Common Unit basic and diluted for the nine month period ended September 30, 2025 have been adjusted to exclude the item referred to in footnote (5) above, as well as a $27.3 million accelerated amortization of favorable lease terms resulting from the termination of contracts for two vessels.

        
        Three month periods ended September 30, 2026 and 2025

        Time charter and voyage revenues for the three month period ended September 30, 2026 increased by $85.1 million, or 24.5%, to $432.0 million, as compared to $346.9 million for the same period in 2025. The increase in revenue was mainly attributable to the increase in the Time Charter Equivalent (“TCE”) rate. For the three month periods ended September 30, 2026 and 2025, time charter and voyage revenues were positively affected by $2.2 million and $6.3 million, respectively, relating to the straight line effect of the charters with de-escalating rates. The TCE rate increased by 25.7% to $30,371 per day, as compared to $24,167 per day for the same period in 2025. The available days of the fleet slightly increased by 0.3% to 13,479 days for the three month period ended September 30, 2026, as compared to 13,443 days for the same period in 2025.

        EBITDA of Navios Partners for the three month periods ended September 30, 2026 and 2025 was affected by the item described in the table above. Excluding this item, Adjusted EBITDA increased by $78.0 million to $272.0 million for the three month period ended September 30, 2026, as compared to $194.0 million for the same period in 2025. The increase in Adjusted EBITDA was due to an $85.1 million increase in time charter and voyage revenues. The above increase was partially mitigated by a: (i) $3.4 million increase in vessel operating expenses due to a 7.7% increase in the opex daily rate to $7,320, primarily attributable to higher maintenance, repair and spares expenses, partially mitigated by a 3.8% decrease in the opex days; (ii) $1.3 million increase in time charter and voyage expenses; (iii) $1.2 million increase in other expense, net; and (iv) $1.2 million increase in general and administrative expenses.

        Net Income for the three month periods ended September 30, 2026 and 2025 was affected by the items described in the table above. Excluding these items, Adjusted Net Income increased by $80.0 million to $163.7 million for the three month period ended September 30, 2026, as compared to $83.7 million for the same period in 2025. The increase in Adjusted Net Income was due to a: (i) $78.0 million increase in Adjusted EBITDA; (ii) $4.8 million decrease in interest expense and finance cost, net; and (iii) $1.6 million increase in interest income. The above increase was partially mitigated by a: (i) $2.9 million decrease in amortization of unfavorable lease terms; and (ii) $1.5 million increase in depreciation and amortization.

        Nine month periods ended September 30, 2026 and 2025

        Time charter and voyage revenues for the nine month period ended September 30, 2026 increased by $220.5 million, or 22.5%, to $1,199.1 million, as compared to $978.6 million for the same period in 2025. The increase in revenue was mainly attributable to the increase in the TCE rate. For the nine month periods ended September 30, 2026 and 2025, time charter and voyage revenues were positively affected by $12.5 million and $10.1 million, respectively, relating to the straight line effect of the charters with de-escalating rates. The TCE rate increased by 23.6% to $28,209 per day, as compared to $22,825 per day for the same period in 2025. The available days of the fleet decreased by 1.4% to 39,735 days for the nine month period ended September 30, 2026, as compared to 40,287 days for the same period in 2025.

        EBITDA of Navios Partners for the nine month periods ended September 30, 2026 and 2025 was affected by the item described in the table above. Excluding this item, Adjusted EBITDA increased by $198.1 million to $718.3 million for the nine month period ended September 30, 2026, as compared to $520.2 million for the same period in 2025. The increase in Adjusted EBITDA was due to a $220.5 million increase in time charter and voyage revenues. The above increase was partially mitigated by a: (i) $16.6 million increase in time charter and voyage expenses, primarily reflecting additional insurance premiums, reimbursed by charterers; (ii) $4.0 million increase in general and administrative expenses, mainly due to the higher euro-dollar exchange rate prevailing during the nine month period ended September 30, 2026, as well as the increase in legal and professional fees, audit fees and other administrative expenses; (iii) $1.7 million increase in vessel operating expenses due to a 3.8% increase in the opex daily rate to $7,223, primarily attributable to higher maintenance, repair and spares expenses, partially mitigated by a 3.1% decrease in the opex days; and (iv) $0.1 million increase in other expense, net.

        Net Income for the nine month periods ended September 30, 2026 and 2025 was affected by the items described in the table above. Excluding these items, Adjusted Net Income increased by $200.8 million to $396.5 million for the nine month period ended September 30, 2026, as compared to $195.7 million for the same period in 2025. The increase in Adjusted Net Income was primarily due to: (i) a $198.1 million increase in Adjusted EBITDA; (ii) an $11.8 million decrease in interest expense and finance cost, net; and (iii) a $2.6 million increase in interest income. The above increase was partially mitigated by a: (i) $6.6 million increase in depreciation and amortization; and (ii) $5.1 million decrease in amortization of unfavorable lease terms.

        Fleet Employment Profile

        The following table reflects certain key indicators of Navios Partners’ core fleet performance for the three and nine month periods ended September 30, 2026 and 2025.  

        	Three Month Period Ended				Three Month Period Ended				Nine Month Period Ended				Nine Month Period Ended
        	September 30, 2026				September 30, 2025				September 30, 2026				September 30, 2025
        	(unaudited)				(unaudited)				(unaudited)				(unaudited)
        Available Days(1)		13,479				13,443				39,735				40,287
        Operating Days(2)		13,380				13,331				39,484				39,976
        Fleet Utilization(3)		99.3	%			99.2	%			99.4	%			99.2	%
        Opex Days(4)		13,458				13,994				40,018				41,283
        TCE rate Combined (per day)(5)	$	30,371			$	24,167			$	28,209			$	22,825
        TCE rate Dry Bulk (per day)(5)	$	25,708			$	17,976			$	22,332			$	15,369
        TCE rate Containerships (per day)(5)	$	31,619			$	31,832			$	31,504			$	31,213
        TCE rate Tankers (per day)(5)	$	36,183			$	26,238			$	33,897			$	26,290
        Opex rate Combined (per day)(6)	$	7,320			$	6,798			$	7,223			$	6,961
        Vessels operating at period end		150				152				150				152

        (1	)	Available days for the fleet represent total calendar days the vessels were in Navios Partners’ possession for the relevant period after subtracting off-hire days associated with scheduled repairs, drydockings or special surveys and ballast days. The shipping industry uses available days to measure the number of days in a relevant period during which a vessel is capable of generating revenues.
        (2	)	Operating days are the number of available days in the relevant period less the aggregate number of days that the vessels were off-hire due to any reason, including unforeseen circumstances. The shipping industry uses operating days to measure the aggregate number of days in a relevant period during which vessels actually generate revenues.
        (3	)	Fleet utilization is the percentage of time that Navios Partners’ vessels were available for generating revenue, and is determined by dividing the number of operating days during a relevant period by the number of available days during that period. The shipping industry uses fleet utilization to measure efficiency in finding employment for vessels and minimizing the number of days that its vessels were off-hire for reasons other than scheduled repairs, drydockings or special surveys.
        (4	)	Opex days for the fleet represent total calendar days the vessels were in Navios Partners’ possession for the relevant period after subtracting total calendar days of Navios Partners’ charter-in vessels and bareboat-out vessels.
        (5	)	TCE rate per day is defined as voyage, time charter revenues and charter-out revenues under bareboat contracts (grossed up by the applicable vessel operating expenses for the respective periods) less voyage expenses during a period divided by the number of available days during the period. The TCE rate per day is a customary shipping industry performance measure used primarily to present the actual daily earnings generated by vessels on various types of charter contracts for the number of available days of the fleet.
        (6	)	Opex rate per day is defined as vessel operating expenses (including management fees) divided by the number of opex days during the period.

        
        Conference Call Details:

        Navios Partners’ management will host a conference call on Wednesday, November 4, 2026 to discuss the results for the third quarter and nine months ended September 30, 2026.

        Call Date/Time: Wednesday, November 4, 2026 at 8:30 am ET
        Call Title: Navios Partners Q3 2026 Financial Results Conference Call 
        US Dial In: +1.800.445.7795
        International Dial In: +1.785.424.1699
        Conference ID: NMMQ326

        The conference call replay will be available two hours after the live call and remain available for one week at the following numbers:

        US Replay Dial In: +1.800.695.2533
        International Replay Dial In: +1.402.530.9029
        Slides and audio webcast:

        There will also be a live webcast of the conference call, through the Navios Partners website (www.navios-mlp.com) under “Investors”. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

        A supplemental slide presentation will be available on the Navios Partners website at www.navios-mlp.com under the “Investors” section at 8:00 am ET on the day of the call. 

        About Navios Maritime Partners L.P.

        Navios Maritime Partners L.P. (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at www.navios-mlp.com.

        Forward-Looking Statements

        This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, TCE rates and Navios Partners’ expected cash flow generation, the common unit repurchase program, future contracted revenues, future distributions and its ability to make distributions going forward, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements.

        These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements.

        Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing, potential disruption of shipping routes due to accidents, wars, sanctions, diseases, pandemics, political events, piracy or acts by terrorists, uncertainty relating to global trade, including prices of seaborne commodities, continuing issues related to seaborne volume and ton miles and the impact of tariffs, the adequacy of our insurance arrangements and our ability to obtain insurance and required certifications, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our dry bulk, containerships and tanker vessels in particular, fluctuations in charter rates for dry bulk, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, the repayment of debt and servicing of our bonds, fluctuations in interest rates and foreign exchange rates, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates, risks associated with operations outside the United States, the growing expectations from investors, lenders, charterers, and other market participants regarding our sustainability practices, as well as our capacity to implement sustainability initiatives and achieve our objectives and targets, and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-F and Form 6-K. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units.

        Contacts

        Navios Maritime Partners L.P.
        +1.212.906.8645
        Investors@navios-mlp.com 

        Nicolas Bornozis
        Capital Link, Inc.
        naviospartners@capitallink.com

        EXHIBIT 1
        NAVIOS MARITIME PARTNERS L.P. SELECTED BALANCE SHEET DATA (Expressed in thousands of U.S. Dollars)
        		September 30, 2026 (unaudited)			December 31, 2025 (unaudited)
        ASSETS
        Cash and cash equivalents, including restricted cash and time deposits over three months(1)		$	508,353		$	413,452
        Other current assets			132,280			98,600
        Total current assets			640,633			512,052
        Vessels, net			4,714,760			4,389,868
        Other non-current assets			1,064,932			1,027,066
        Total non-current assets			5,779,692			5,416,934
        Total assets		$	6,420,325		$	5,928,986
        LIABILITIES AND PARTNERS’ CAPITAL
        Other current liabilities		$	188,905		$	177,781
        Current portion of borrowings, net			207,084			277,365
        Total current liabilities			395,989			455,146
        Senior unsecured bonds, net			325,168			294,392
        Non-current portion of borrowings, net			1,714,592			1,587,829
        Other non-current liabilities			217,521			250,873
        Total non-current liabilities			2,257,281			2,133,094
        Total liabilities		$	2,653,270		$	2,588,240
        Total partners’ capital			3,767,055			3,340,746
        Total liabilities and partners’ capital		$	6,420,325		$	5,928,986

        (1)	Includes time deposits with duration over three months of $145.0 million and $10.5 million as of September 30, 2026 and December 31, 2025, respectively.

        NAVIOS MARITIME PARTNERS L.P. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Expressed in thousands of U.S. Dollars except per unit data)
        		Three Month Period Ended				Three Month Period Ended				Nine Month Period Ended				Nine Month Period Ended
        		September 30, 2026				September 30, 2025				September 30, 2026				September 30, 2025
        		(unaudited)				(unaudited)				(unaudited)				(unaudited)
        Time charter and voyage revenues		$	431,964			$	346,923			$	1,199,137			$	978,593
        Time charter and voyage expenses			(33,965	)			(32,652	)			(110,516	)			(93,884	)
        Vessel operating expenses (including management fees)			(98,514	)			(95,135	)			(289,060	)			(287,381	)
        General and administrative expenses			(24,250	)			(23,059	)			(72,482	)			(68,453	)
        Depreciation and amortization			(83,155	)			(109,041	)			(247,767	)			(268,471	)
        Amortization of unfavorable lease terms			—				2,944				3,586				8,736
        Gain/ (loss) on sale of vessels, net			21,913				(93	)			63,449				(422	)
        Interest expense and finance cost, net			(29,949	)			(34,732	)			(89,869	)			(101,727	)
        Interest income			4,892				3,214				12,254				9,677
        Other expense, net			(3,278	)			(2,037	)			(8,811	)			(8,662	)
        Net income		$	185,658			$	56,332			$	459,921			$	168,006

        
        

        Earnings per unit:
        		Three Month Period Ended			Three Month Period Ended			Nine Month Period Ended			Nine Month Period Ended
        		September 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
        		(unaudited)			(unaudited)			(unaudited)			(unaudited)
        Earnings per unit:
        Earnings per common unit, basic		$	6.42		$	1.90		$	15.83		$	5.62
        Earnings per common unit, diluted		$	6.42		$	1.90		$	15.83		$	5.62

        NAVIOS MARITIME PARTNERS L.P. Other Financial Information (Expressed in thousands of U.S. Dollars)
        		Nine Month Period Ended September 30, 2026				Nine Month Period Ended September 30, 2025
        		(unaudited)				(unaudited)
        Net cash provided by operating activities		$	548,682			$	381,257
        Net cash used in investing activities		$	(613,575	)		$	(338,660	)
        Net cash provided by financing activities		$	25,277			$	18,699
        (Decrease)/ increase in cash, cash equivalents and restricted cash		$	(39,616	)		$	61,296

        
        

        EXHIBIT 2
        Owned Dry Bulk Vessels		Type		Built		Capacity (DWT)
        Navios Christine B		Ultra-Handymax		2009		58,058
        Navios Celestial		Ultra-Handymax		2009		58,063
        Navios Venus		Ultra-Handymax		2015		61,339
        Navios La Paix		Ultra-Handymax		2014		61,485
        Navios Victory		Panamax		2014		77,095
        Rainbow N		Panamax		2011		79,602
        Unity N		Panamax		2011		79,642
        Odysseus N		Panamax		2011		79,642
        Navios Amber		Kamsarmax		2015		80,909
        Navios Avior		Kamsarmax		2012		81,355
        Navios Centaurus		Kamsarmax		2012		81,472
        Navios Citrine		Kamsarmax		2017		81,626
        Navios Dolphin		Kamsarmax		2017		81,630
        Navios Horizon I		Kamsarmax		2019		81,692
        Navios Galaxy II		Kamsarmax		2020		81,789
        Navios Uranus		Kamsarmax		2019		81,821
        Navios Felicity I		Kamsarmax		2020		81,962
        Navios Primavera		Kamsarmax		2022		82,003
        Navios Meridian		Kamsarmax		2023		82,010
        Navios Herakles I		Kamsarmax		2019		82,036
        Navios Magellan II		Kamsarmax		2020		82,037
        Navios Sky		Kamsarmax		2015		82,056
        Navios Alegria		Kamsarmax		2016		84,852
        Navios Sphera		Kamsarmax		2016		84,872
        Navios Coral		Kamsarmax		2016		84,904
        Navios Stellar		Capesize		2009		168,818
        Navios Antares		Capesize		2010		168,876
        Navios Aurora II		Capesize		2009		169,031
        Navios Symphony		Capesize		2010		177,960
        Navios Ace		Capesize		2011		178,929
        Navios Buena Ventura		Capesize		2010		178,953
        Navios Aster		Capesize		2010		178,978
        Navios Melodia		Capesize		2010		178,982
        Navios Luz		Capesize		2010		178,989
        Navios Azimuth		Capesize		2011		179,013
        Navios Etoile		Capesize		2010		179,048
        Navios Bonheur		Capesize		2010		179,049
        Navios Fulvia		Capesize		2010		179,077
        Navios Altamira		Capesize		2011		179,145
        Navios Ray		Capesize		2012		179,515
        Navios Happiness		Capesize		2009		180,022
        Navios Bonavis		Capesize		2009		180,022
        Navios Fantastiks		Capesize		2005		180,055
        Navios Phoenix		Capesize		2009		180,060
        Navios Sol		Capesize		2009		180,274
        Navios Lumen		Capesize		2009		180,493
        Navios Canary		Capesize		2015		180,528
        Navios Corali		Capesize		2015		181,088
        Navios Gem		Capesize		2014		181,206
        Navios Joy		Capesize		2013		181,215
        Navios Felix		Capesize		2016		181,221
        Navios Mars		Capesize		2016		181,259
        Navios Koyo		Capesize		2011		181,415
        Navios Azalea		Capesize		2022		182,064
        Navios Armonia		Capesize		2022		182,079
        Navios Altair		Capesize		2023		182,115
        Navios Sakura		Capesize		2023		182,169
        Navios Amethyst		Capesize		2023		182,212
        Navios Astra		Capesize		2022		182,393

        Owned Containerships		Type		Built		Capacity (TEU)
        Spectrum N		Containership		2009		2,546
        Fleur N		Containership		2012		2,782
        Ete N		Containership		2012		2,782
        Navios Summer		Containership		2006		3,450
        Navios Verano		Containership		2006		3,450
        Matson Lanai		Containership		2007		4,250
        Navios Verde		Containership		2007		4,250
        Navios Amarillo		Containership		2007		4,250
        Navios Vermilion		Containership		2007		4,250
        Navios Azure		Containership		2007		4,250
        Navios Indigo		Containership		2007		4,250
        Navios Domino		Containership		2008		4,250
        Matson Oahu		Containership		2008		4,250
        Navios Destiny		Containership		2009		4,250
        Navios Devotion		Containership		2009		4,250
        Navios Lapis		Containership		2009		4,250
        Navios Dorado		Containership		2010		4,250
        Carmel I		Containership		2010		4,360
        Zim Baltimore		Containership		2010		4,360
        Navios Bahamas		Containership		2010		4,360
        Navios Miami		Containership		2009		4,563
        Navios Jasmine(1)		Containership		2008		4,730
        Navios Chrysalis		Containership		2008		4,730
        Navios Nerine		Containership		2008		4,730
        Sparrow		Containership		2023		5,300
        Zim Eagle		Containership		2024		5,300
        Condor		Containership		2024		5,300
        Hawk Ι		Containership		2024		5,300
        Zim Falcon		Containership		2024		5,300
        Pelican I		Containership		2024		5,300
        Seagull		Containership		2024		5,300
        Zim Albatross		Containership		2024		5,300
        DP World Jeddah		Containership		2024		5,300
        DP World Jebel Ali		Containership		2024		5,300
        Hyundai Shanghai		Containership		2006		6,800
        Hyundai Tokyo		Containership		2006		6,800
        Hyundai Hongkong		Containership		2006		6,800
        Hyundai Singapore		Containership		2006		6,800
        Hyundai Busan		Containership		2006		6,800
        HMM Ocean		Containership		2025		7,700
        HMM Sky		Containership		2025		7,700
        Navios Cyan		Containership		2026		7,900
        Navios Turquoise		Containership		2026		7,900
        Navios Unison		Containership		2010		10,000
        Navios Constellation		Containership		2011		10,000

        Owned Tanker Vessels		Type		Built		Capacity (DWT)
        Hector N		MR1 Product Tanker		2008		38,402
        Nave Aquila		MR2 Product Tanker		2012		49,991
        Nave Atria		MR2 Product Tanker		2012		49,992
        Nave Ohana		MR2 Product Tanker		2025		49,994
        Nave Capella		MR2 Product Tanker		2013		49,995
        Nave Hina		MR2 Product Tanker		2026		49,996
        Nave Alderamin		MR2 Product Tanker		2013		49,998
        Nave Pyxis		MR2 Product Tanker		2014		49,998
        Nave Harmony		MR2 Product Tanker		2026		49,998
        Nave Bellatrix		MR2 Product Tanker		2013		49,999
        Nave Orion		MR2 Product Tanker		2013		49,999
        Nave Titan		MR2 Product Tanker		2013		49,999
        Nave Jupiter		MR2 Product Tanker		2014		49,999
        Nave Velocity		MR2 Product Tanker		2015		49,999
        Nave Sextans		MR2 Product Tanker		2015		49,999
        Nave Luminosity		MR2 Product Tanker		2014		50,240
        Bougainville		MR2 Product Tanker		2013		50,626
        Nave Cetus		LR1 Product Tanker		2012		74,581
        Nave Ariadne		LR1 Product Tanker		2007		74,671
        Nave Rigel		LR1 Product Tanker		2013		74,673
        Nave Atropos		LR1 Product Tanker		2013		74,695
        Nave Cassiopeia		LR1 Product Tanker		2012		74,711
        Nave Cielo		LR1 Product Tanker		2007		74,896
        Nave Andromeda		LR1 Product Tanker		2011		75,000
        Nave Estella		LR1 Product Tanker		2012		75,000
        Nave Cosmos		Aframax/LR2		2024		115,651
        Nave Polaris		Aframax/LR2		2024		115,699
        Nave Photon		Aframax/LR2		2024		115,752
        Nave Dorado		Aframax/LR2		2025		115,762
        Nave Neutrino		Aframax/LR2		2025		115,807
        Nave Perseus		Aframax/LR2		2025		115,812
        Nave Amaryllis		Aframax/LR2		2026		116,934
        Nave Anthos		Aframax/LR2		2026		116,998
        Nave Orbit		Aframax/LR2		2026		117,012
        Nave Equator		Aframax/LR2		2026		117,059
        Nave Universe		VLCC		2011		297,066
        Nave Quasar		VLCC		2010		297,376
        Nave Synergy		VLCC		2010		309,483

        Bareboat-in vessels		Type		Built		Capacity (DWT)		Purchase Option
        Navios Star		Kamsarmax		2021		81,994		Yes
        Navios Amitie		Kamsarmax		2021		82,002		Yes
        Navios Libra		Kamsarmax		2019		82,011		Yes
        Nave Electron		VLCC		2021		313,239		Yes
        Nave Celeste		VLCC		2022		313,418		Yes
        Nave Allegro		VLCC		2020		313,433		Yes
        Nave Tempo		VLCC		2021		313,486		Yes

        Newbuildings to be delivered		Type		Expected Delivery Date		Capacity (TEU / DWT)
        TBN X		Containership		H1 2027		7,900
        TBN XI		Containership		H1 2027		7,900
        TBN XIV		Containership		H2 2027		8,850
        TBN XV		Containership		H2 2027		8,850
        TBN XVI		Containership		H2 2027		8,850
        TBN XVII		Containership		H1 2028		8,850
        TBN XXVIII		Containership		H2 2028		10,100
        TBN XXIX		Containership		H2 2028		10,100
        TBN XXX		Containership		H1 2029		10,100
        TBN XXXI		Containership		H1 2029		10,100
        TBN I		MR2 Product Tanker		Q4 2026		52,000
        TBN II		MR2 Product Tanker		H1 2027		52,000
        TBN III		MR2 Product Tanker		H1 2027		52,000
        TBN XXXII		MR2 Product Tanker		H2 2029		50,000
        TBN XXXIII		MR2 Product Tanker		H2 2029		50,000
        TBN IV		Aframax/LR2		H1 2027		115,000
        TBN V		Aframax/LR2		H1 2027		115,000
        TBN VI		Aframax/LR2		H1 2027		115,000
        TBN XII		Aframax/LR2		H1 2027		115,000
        TBN XIII		Aframax/LR2		H1 2027		115,000
        TBN VII		Aframax/LR2		H2 2027		115,000
        TBN VIII		Aframax/LR2		H2 2027		115,000
        TBN IX		Aframax/LR2		H1 2028		115,000
        TBN XX		VLCC		H1 2028		319,000
        TBN XXI		VLCC		H2 2028		319,000
        TBN XXII		VLCC		H2 2028		319,000
        TBN XXIII		VLCC		H2 2028		319,000
        TBN XXIV		VLCC		H1 2029		319,000
        TBN XXV		VLCC		H1 2029		319,000
        TBN XXVII		VLCC		H2 2029		319,000
        TBN XXXIV		VLCC		H2 2029		319,000
        TBN XVIII		Capesize		H2 2028		181,500
        TBN XIX		Capesize		H1 2029		181,500
        TBN XXVI		Capesize		H2 2029		181,500

        (1) Vessel agreed to be sold.
        EXHIBIT 3

        Disclosure of Non-GAAP Financial Measures

        EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Common Unit, basic and diluted are “non-U.S. GAAP financial measures” and should not be used in isolation or considered substitutes for net income/ (loss), cash flow from operating activities and other operations or cash flow statement data prepared in accordance with generally accepted accounting principles in the United States.

        EBITDA represents net income before interest and finance costs, depreciation and amortization and income taxes. Adjusted EBITDA represents EBITDA excluding certain items, as described under “Earnings Highlights”. Navios Partners uses Adjusted EBITDA as a liquidity measure and reconciles EBITDA and Adjusted EBITDA to net cash provided by operating activities, the most comparable U.S. GAAP liquidity measure. EBITDA in this document is calculated as follows: net cash provided by operating activities adding back, when applicable and as the case may be, the effect of: (i) net increase in operating assets; (ii) net increase in operating liabilities; (iii) net interest cost; (iv) amortization and write-off of deferred finance costs and bond premium; (v) amortization of operating lease assets/ liabilities; (vi) other non-cash adjustments; and (vii) gain/ (loss) on sale of vessels, net. Navios Partners believes that EBITDA and Adjusted EBITDA are each the basis upon which liquidity can be assessed and present useful information to investors regarding Navios Partners’ ability to service and/or incur indebtedness, pay capital expenditures, meet working capital requirements and make cash distributions. Navios Partners also believes that EBITDA and Adjusted EBITDA are used: (i) by potential lenders to evaluate potential transactions; (ii) to evaluate and price potential acquisition candidates; and (iii) by securities analysts, investors and other interested parties in the evaluation of companies in our industry.

        Each of EBITDA and Adjusted EBITDA have limitations as an analytical tool, and should not be considered in isolation or as a substitute for the analysis of Navios Partners’ results as reported under U.S. GAAP. Some of these limitations are: (i) EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, working capital needs; and (ii) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future. EBITDA and Adjusted EBITDA do not reflect any cash requirements for such capital expenditures. Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as a principal indicator of Navios Partners’ performance. Furthermore, our calculation of EBITDA and Adjusted EBITDA may not be comparable to that reported by other companies due to differences in methods of calculation.

        We present Adjusted Net Income by excluding items that we do not believe are indicative of our core operating performance. Our presentation of Adjusted Net Income adjusts net income for the items described above under “Earnings Highlights”. The definition of Adjusted Net Income used here may not be comparable to that used by other companies due to differences in methods of calculation. Adjusted Earnings per Common Unit is defined as Adjusted Net Income divided by the weighted average number of common units outstanding for each of the periods presented, basic and diluted.

        EXHIBIT 4

        Navios Maritime Partners L.P. Reconciliation of EBITDA and Adjusted EBITDA to Cash from Operations

        		Three Month Period Ended				Three Month Period Ended				Nine Month Period Ended				Nine Month Period Ended
        		September 30, 2026				September 30, 2025				September 30, 2026				September 30, 2025
        		($ ‘000)				($ ‘000)				($ ‘000)				($ ‘000)
        		(unaudited)				(unaudited)				(unaudited)				(unaudited)
        Net cash provided by operating activities		$	235,393			$	103,077			$	548,682			$	381,257
        Net increase in operating assets			30,643				71,558				107,410				99,533
        Net increase in operating liabilities			(21,285	)			(14,897	)			(26,620	)			(56,649	)
        Net interest cost			25,057				31,518				77,615				92,050
        Amortization and write-off of deferred finance costs and bond premium			(2,164	)			(2,405	)			(5,935	)			(6,304	)
        Amortization of operating lease assets/ liabilities			167				189				540				562
        Other non-cash adjustments			4,146				5,000				16,576				9,764
        Gain/ (loss) on sale of vessels, net			21,913				(93	)			63,449				(422	)
        EBITDA		$	293,870			$	193,947			$	781,717			$	519,791
        (Gain)/ loss on sale of vessels, net			(21,913	)			93				(63,449	)			422
        Adjusted EBITDA		$	271,957			$	194,040			$	718,268			$	520,213

        		Three Month Period Ended				Three Month Period Ended				Nine Month Period Ended				Nine Month Period Ended
        		September 30, 2026 ($ ‘000)				September 30, 2025 ($ ‘000)				September 30, 2026 ($ ‘000)				September 30, 2025 ($ ‘000)
        		(unaudited)				(unaudited)				(unaudited)				(unaudited)
        Net cash provided by operating activities		$	235,393			$	103,077			$	548,682			$	381,257
        Net cash used in investing activities		$	(162,408	)		$	(70,010	)		$	(613,575	)		$	(338,660	)
        Net cash (used in)/ provided by financing activities		$	(62,445	)		$	(49,605	)		$	25,277			$	18,699