$NMM

Jefferies research shows shipping stocks have become positively correlated with geopolitical risk since 2021, predicting further gains for tankers. Executives from Navios Maritime Partners, Norden, and Tsakos Energy Navigation cited increased ton-mile and fleet fragmentation due to geopolitical crises. Jefferies raised 2027 earnings forecasts for VLCCs and LR2s, citing inefficiencies and aging fleets, but some executives warn of potential market peaks.

Navios Maritime (NMM) reported Q2 2026 revenue of $410.2M, up 25% YoY, with net income of $167.9M. The company highlighted fleet modernization, contracted revenue backlog of $4.4B, and a net LTV of 27.9%. Management discussed geopolitical risks and growth strategies in tanker and dry bulk segments.

Navios Maritime Partners (NMM) reported Q2 2026 revenue of $410.2M, net income of $167.9M, and EPS of $5.78. H1 2026 revenue was $767.2M, net income $274.3M, and EPS $9.42. The company declared a $0.06 per unit cash distribution. It authorized a $200M common unit repurchase program and acquired vessels for $431.6M and $361.5M, with $4.4B in contracted revenue as of August 2026.

Frangou Angeliki (See Remarks) purchased 3,169 indirectly-held shares of Navios Maritime Partners L.P. (NMM) at an average of $78.88 ($78.40–$79.16, $0.25M total) across 3 trades over 2026-08-10 to 2026-08-12 under a Rule 10b5-1 trading plan.

Frangou Angeliki (See Remarks) purchased 3,181 indirectly-held shares of Navios Maritime Partners L.P. (NMM) at an average of $78.96 ($78.41–$79.53, $0.25M total) across 3 trades over 2026-08-05 to 2026-08-07 under a Rule 10b5-1 trading plan.

Frangou Angeliki (See Remarks) purchased 2,524 indirectly-held shares of Navios Maritime Partners L.P. (NMM) at an average of $79.54 ($78.94–$80.00, $0.20M total) across 3 trades over 2026-07-31 to 2026-08-04 under a Rule 10b5-1 trading plan.

Frangou Angeliki (See Remarks) purchased 3,191 indirectly-held shares of Navios Maritime Partners L.P. (NMM) at an average of $78.50 ($78.37–$78.59, $0.25M total) across 3 trades over 2026-07-28 to 2026-07-30 under a Rule 10b5-1 trading plan.

Frangou Angeliki (See Remarks) purchased 3,268 indirectly-held shares of Navios Maritime Partners L.P. (NMM) at an average of $77.12 ($74.81–$79.02, $0.25M total) across 3 trades over 2026-07-23 to 2026-07-27 under a Rule 10b5-1 trading plan.

Frangou Angeliki (See Remarks) purchased 3,437 indirectly-held shares of Navios Maritime Partners L.P. (NMM) at an average of $73.68 ($72.95–$74.07, $0.25M total) across 3 trades over 2026-07-20 to 2026-07-22 under a Rule 10b5-1 trading plan.

Frangou Angeliki (See Remarks) purchased 3,348 indirectly-held shares of Navios Maritime Partners L.P. (NMM) at an average of $74.03 ($72.62–$75.13, $0.25M total) across 3 trades over 2026-07-15 to 2026-07-17 under a Rule 10b5-1 trading plan.