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What to Expect from Navios Midstream Partners' 2Q17 Earnings

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What to Expect from Navios Midstream Partners' 2Q17 Earnings PART 1 OF 3

Navios Maritime Midstream Partners Announces 2Q17 Distribution

Distribution

On July 20, 2017, Navios Maritime Midstream Partners (NAP) announced its 2Q17 distribution. The company declared a dividend of $0.42 per share, similar to 1Q17 and 2Q16. 

NAP’s distribution represents an annualized distribution of $1.69 per share. NAP has a dividend yield of 16.1%.

Navios Maritime Midstream Partners Announces 2Q17 Distribution

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The following are the dividend yields of other crude tanker companies:

  • Nordic American Tankers (NAT): 12.9%
  • Teekay Tankers (TNK): 6.9%
  • Tsakos Energy Navigation (TNP): 4.0%
  • DHT Holdings (DHT): 7.7%
  • Euronav (EURN): 9.8%

Navios Maritime Midstream Partners is an MLP. It has a higher dividend yield than the Alerian MLP Index (or AMZ), which has a dividend yield of 7.0%.

Stock performance

NAP has had a good run in July 2017. The stock had risen 7.6% since the start of the month on July 24, 2017. However, compared to its price at the start of the year, NAP has fallen 6.6%.

2Q17 results

Navios Maritime Midstream Partners plans to release its 2Q17 results on July 26, 2017. The company plans to hold its conference call on the same day.

1Q17 recap

In 1Q17, Navios Maritime Midstream Partners reported an EBITDA (earnings before interest, tax, depreciation, and amortization) and net income of $14.7 million and $4.5 million, respectively. NAP declared a cash distribution of $0.42 per share, and it had a healthy coverage ratio of 1.1x.

Series overview

In this series, we’ll look at analysts’ estimates for Navios Maritime Midstream Partners’ 2Q17 results. We’ll also discuss analysts’ recent changes in NAP’s recommendations and target prices.

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