Navios Maritime Partners L.P. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
January 29, 2014 at 07:24 am
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Navios Maritime Partners L.P. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported revenue of $52,146,000 compared to $52,786,000 a year ago. Net income was $10,126,000 compared to $40,137,000 a year ago. EBITDA was $35,629,000 compared to $61,251,000 a year ago. Basic and diluted earnings per share were $0.13 compared to $0.65 a year ago. Net cash provided by operating activities was $12,936,000 compared to $63,624,000 a year ago. Maintenance and replacement capital expenditures were $4,143,000 compared to $4,942,000 a year ago. Operating Surplus was $26,093,000 compared to $54,150,000 a year ago.
For the year, the company reported revenue of $198,159,000 compared to $205,435,000 a year ago. Net income was $59,006,000 compared to $95,898,000 a year ago. EBITDA was $153,371,000 compared to $177,443,000 a year ago. Basic and diluted earnings per share were $0.84 compared to $1.61 a year ago. Net cash provided by operating activities was $104,842,000 compared to $179,081,000 a year ago. Acquisition of vessels was $341,193,000 compared to $46,307,000 a year ago. Maintenance and replacement capital expenditures were $14,593,000 compared to $18,869,000 a year ago. Operating Surplus was $125,503,000 compared to $148,879,000 a year ago.
Navios Maritime Partners LP is a Monaco-based international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services with a range of dry cargo commodities, including iron ore, coal, grain, fertilizer, and containers. It owns and operates its worldwide fleet with a diversified customer base which focuses on providing seaborne shipping services under long-term time charters. Panamax vessels carry a range of dry cargo commodities, including iron ore, coal, grain and fertilizer and being accommodated in various discharge ports. Capesize vessels are dedicated to the carriage of iron ore and coal. Ultra-Handymax vessels works with less carrying capacity and have self-loading and discharging gear on board to accommodate undeveloped ports. It also acts as a trusted partner for industrial end users, ship owners, financial business partners, agents and brokers.
NAVIOS MARITIME PARTNERS L.P. 
