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Cash Distribution and Earnings per Unit (Tables)
12 Months Ended
Dec. 31, 2024
Cash Distribution And Earnings Per Unit  
Cash Distributions and Earnings per Unit - Schedule of Incentive Distributions Made To General Partners Or Unitholders By Distribution

There are incentive distribution rights held by Navios GP L.L.C., which are analyzed as follows:

 

 

 

Marginal Percentage Interest in Distributions

 

Total Quarterly
Distribution Target Amount

 

Common
Unitholders

 

 

Incentive
Distribution
Right Holder

 

 

General
Partner

 

Minimum Quarterly Distribution

up to $5.25

 

 

98

%

 

 

 

 

 

2

%

First Target Distribution

up to $6.0375

 

 

98

%

 

 

 

 

 

2

%

Second Target Distribution

above $6.0375 up to $6.5625

 

 

85

%

 

 

13

%

 

 

2

%

Third Target Distribution

above $6.5625 up to $7.875

 

 

75

%

 

 

23

%

 

 

2

%

Thereafter

above $7.875

 

 

50

%

 

 

48

%

 

 

2

%

Cash Distributions and Earnings per Unit - Distributions for all quarters

The authorized quarterly cash distributions for all quarters during the years ended December 31, 2024, 2023 and 2022, are presented below:

 

Date

Authorized
Quarterly Cash
Distribution for the
three months ended

Date of record
of Common and
General Partnership
unit Unitholders

Payment of
Distribution

 

$/ Unit

 

 

Amount of
the declared
distribution

 

January 2022

December 31,2021

February 9, 2022

February 11, 2022

 

$

0.05

 

 

$

1,541

 

April 2022

March 31, 2022

May 9, 2022

May 12, 2022

 

$

0.05

 

 

$

1,541

 

July 2022

June 30, 2022

August 9, 2022

August 12, 2022

 

$

0.05

 

 

$

1,541

 

October 2022

September 30, 2022

November 8, 2022

November 10, 2022

 

$

0.05

 

 

$

1,540

 

January 2023

December 31, 2022

February 10, 2023

February 14, 2023

 

$

0.05

 

 

$

1,540

 

April 2023

March 31, 2023

May 9, 2023

May 12, 2023

 

$

0.05

 

 

$

1,540

 

July 2023

June 30, 2023

August 8, 2023

August 11, 2023

 

$

0.05

 

 

$

1,540

 

October 2023

September 30, 2023

November 7, 2023

November 13, 2023

 

$

0.05

 

 

$

1,540

 

February 2024

December 31, 2023

February 12, 2024

February 14, 2024

 

$

0.05

 

 

$

1,540

 

April 2024

March 31, 2024

May 10, 2024

May 14, 2024

 

$

0.05

 

 

$

1,540

 

July 2024

June 30, 2024

August 9, 2024

August 14, 2024

 

$

0.05

 

 

$

1,531

 

October 2024

September 30, 2024

November 12, 2024

November 15, 2024

 

$

0.05

 

 

$

1,521

 

January 2025

December 31, 2024

February 10, 2025

February 13, 2025

 

$

0.05

 

 

$

1,511

 

Cash Distributions and Earnings per Unit - Schedule of earnings per unit, Basic and Diluted

The calculations of the basic and diluted earnings per unit are presented below.

 

 

Year Ended December 31, 2024

 

 

Year Ended December 31, 2023

 

 

Year Ended December 31, 2022

 

Net income

 

$

367,308

 

 

$

433,645

 

 

$

579,247

 

Income attributable to:

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

359,867

 

 

$

424,974

 

 

$

567,662

 

Weighted average units outstanding basic

 

 

 

 

 

 

 

 

 

Common unitholders

 

 

30,029,279

 

 

 

30,183,428

 

 

 

30,155,148

 

Earnings per unit basic:

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

11.98

 

 

$

14.08

 

 

$

18.82

 

Weighted average units outstanding diluted

 

 

 

 

 

 

 

 

 

Common unitholders

 

 

30,029,279

 

 

 

30,184,388

 

 

 

30,156,149

 

Earnings per unit diluted:

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

11.98

 

 

$

14.08

 

 

$

18.82

 

Earnings per unit distributed basic:

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

0.20

 

 

$

0.20

 

 

$

0.20

 

Earnings per unit distributed diluted:

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

0.20

 

 

$

0.20

 

 

$

0.20

 

Earnings per unit undistributed basic:

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

11.78

 

 

$

13.88

 

 

$

18.62

 

Earnings per unit undistributed diluted:

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

11.78

 

 

$

13.88

 

 

$

18.62