Navios Maritime Partners L.P. (NYSE:NMM) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET

Company Participants

Angeliki Frangou - Chairwoman and CEO

Stratos Desypris - COO

Eri Tsironi - CFO

George Achniotis - EVP, Business Development

Conference Call Participants

Chris Robertson - Jefferies

Ulrik Mannhart - Fearnley Securities

Operator

Thank you for joining us for Navios Maritime Partners First Quarter 2022 Earnings Conference Call. With us today from the company are Chairwoman and CEO, Ms. Angeliki Frangou; Chief Operating Officer, Mr. Stratos Desypris; Chief Financial Officer, Ms. Eri Tsironi; and Executive Vice President of Business Development, Mr. George Achniotis.

As a reminder, this conference call is being webcast. To access the webcast, please go to the Investors' section of the Navios Partners' website at www.navios-mlp.com. You can 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 1995 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 provide a Navios Partners operational and fleet update overview; next, Ms. Tsironi will give an overview of Navios Partners financial results; then Mr. Achniotis will provide an industry overview; and lastly, we'll open the call to take questions.

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

Angeliki Frangou

Thank you, Daniela and good morning to all of you joining us on today's call.

I am pleased with the results for the first quarter of 2022. During the first quarter, Navios Partners recorded revenue of $236.6 million, EBITDA of $126.1 million, and net income of $85.7 million or $2.78 per common unit.