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How Navios Maritime Midstream Partners Performed in 4Q17

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How Navios Maritime Midstream Partners Performed in 4Q17 PART 1 OF 7

How Navios Maritime Midstream Partners Performed in 4Q17

4Q17 results

Navios Maritime Midstream Partners’ (NAP) 4Q17 revenue fell 0.3% to $22.7 million compared to $22.8 million in 4Q16.

How Navios Maritime Midstream Partners Performed in 4Q17

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Its revenues came in 7.2% higher than Reuters’ consensus revenue estimate of $21.2 million. Navios Maritime Midstream Partners’ 4Q17 EBITDA (earnings before interest, tax, depreciation, and amortization) was $16.3 million compared to Reuters’ consensus estimate of $15.1 million. The company recorded net income of $4.3 million in 4Q17 and $14.6 million for 2017.

Stock performance

Navios Maritime Midstream Partners stock rose to $10.10 on January 31, 2017, a rise of 1.2% from the previous day’s closing price. Below are the returns of other crude oil tanker stocks as of January 31:

  • Teekay Tankers (TNK) fell 2.3%.
  • Tsakos Energy Navigation (TNP) fell 7.4%.
  • DHT Holdings (DHT) fell 4.4%.
  • General Maritime Partners (GNRT) fell 2.7%.
  • Euronav (EURN) fell 4.6%.
  • Nordic American Tankers (NAT) fell 0.86%.

Shipping companies account for 19.7% of the Guggenheim Shipping ETF (SEA). SEA fell 1.4% on January 31, 2018.

Series overview

In this series, we’ll look at Navios Maritime Midstream Partners’ 4Q17 results and conference call highlights. We’ll look at what to expect from the company in the future by analyzing its current position and management’s plans. In its conference call, Navios Maritime Midstream Partners gave its views on the crude tanker industry outlook, which we’ll discuss in the next part of this series.

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