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Analyzing Navios Maritime Midstream Partners’ 4Q16 Earnings

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Jan. 30 2017, Published 11:24 a.m. ET

4Q16 results

On January 25, 2017, Navios Maritime Midstream Partners (NAP) announced its 4Q16 revenue and earnings after the markets closed. Its revenue fell 11% to $22.8 million—compared to $25.8 million in the same period last year.

NAP’s 4Q16 EBITDA (earnings before interest, tax, depreciation, and amortization) was $16.4 million—15% lower than its 4Q15 EBITDA of $19.4 million.

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Actual versus estimates

The company’s 4Q16 revenue was almost what Wall Street analysts estimated. The company beat analysts’ EBITDA estimates. The actual adjusted EBITDA of $15.9 million was 1.3% lower.

Stock performance

Navios Maritime Midstream Partners stock fell to $11.63 on January 27, 2017—a fall of 2.2% from the previous day’s closing price. Below are the returns of other crude oil tanker stocks on January 27:

  • Teekay Tankers (TNK) rose 0.8%.
  • Tsakos Energy Navigation (TNP) fell 1.2%.
  • DHT Holdings (DHT) fell 3%.
  • General Maritime Partners (GNRT) fell 2.7%.
  • Euronav (EURN) had a 0% return.

Shipping companies account for 19.7% of the Guggenheim Shipping ETF (SEA). SEA fell 0.8% on January 27. If you’re interested in broad exposure to the industrials sector, you can invest in the SPDR Dow Jones Industrial Average ETF (DIA).

What you’ll find in this series 

In this series, we’ll look at Navios Maritime Midstream Partners’ 4Q16 results and conference call highlights. We’ll also analyze the company’s current position, management’s future plans, and discussions between management and analysts to gauge the company’s future.

In the next part, we’ll start with Navios Maritime Midstream Partners’ recent developments.

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