Navios Maritime Partners L.P. (NYSE:NMM) Q1 2023 Results Earnings Conference Call May 23, 2023 8:30 AM ET

Company Participants

Angeliki Frangou - Chairwoman of the Board and Chief Executive Officer

Efstratios Desypris - Chief Operating Officer

Erifili Tsironi - Chief Financial Officer

Ted Petrone - Vice Chairman, Navios Corporation

Conference Call Participants

Omar Nokta - Jefferies

Operator

Thank you for joining us for Navios Maritime Partners First Quarter 2023 Earnings Conference Call. With us today from the company are Chairwoman and CEO Ms. Angeliki Frangou; Chief Operating Officer, Mr. Efstratios Desypris; Chief Financial Officer, Ms. Erifili Tsironi; and Vice Chairman, Mr. Ted Petrone.

As a reminder, this conference call is being webcast. To access the webcast, please go to the Investors section of Navios Partners website at www.navios-mlp.com. You'll see the webcasting link in the middle of the page, and a copy of the presentation referenced in today's earnings conference call will also be found there.

Now, I will review the Safe Harbor statement. This conference call could contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1985 about Navios Partners. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are based upon the current beliefs and expectations of Navios Partners management, and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements.

Such risks are more fully discussed in Navios Partners filings with the Securities and Exchange Commission. The information set forth herein should be understood in light of such risks. Navios Partners does not assume any obligation to update the information contained in this conference call.

The agenda for today's call is as follows. First, Ms. Frangou will offer opening remarks. Next, Mr. Desypris will give an overview of Navios Partners segment data. Next, Ms. Tsironi will give an overview of Navios Partners financial results. Then Mr. Petrone will provide an industry overview. And lastly, we'll open the call to take questions.

Now I turn the call over to Navios Partners Chairwoman and CEO, Ms. Angeliki Frangou.

Angeliki Frangou

Good morning to all of you joining us on today's call. I am pleased with our results for the first quarter of 2023, in which we reported revenue and net income of $309.5 million and $99.2 million, respectively. We're also pleased to report net earnings per common unit of $3.22 for the quarter.