Fair Value of Financial Instruments (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Fair Value Disclosures [Abstract] |
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| Fair Value of Financial Instruments |
The estimated fair values of the Navios Partners’ financial instruments are as follows:
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June 30, 2026 |
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December 31, 2025 |
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Book
Value |
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Fair
Value |
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Book
Value |
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Fair
Value |
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Cash and cash equivalents |
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$ |
352,624 |
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|
$ |
352,624 |
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|
$ |
402,783 |
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$ |
402,783 |
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Restricted cash |
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$ |
189 |
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$ |
189 |
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$ |
186 |
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$ |
186 |
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Other investments |
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$ |
116,480 |
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$ |
116,480 |
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$ |
10,483 |
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$ |
10,483 |
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Amounts due from related parties, short-term |
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$ |
1,960 |
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$ |
1,960 |
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$ |
1,720 |
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$ |
1,720 |
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Amounts due from related parties, long-term |
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$ |
7,142 |
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$ |
7,142 |
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$ |
7,142 |
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$ |
7,142 |
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Amounts due to related parties, short-term |
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$ |
(36,221 |
) |
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$ |
(36,221 |
) |
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$ |
(23,484 |
) |
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$ |
(23,484 |
) |
Senior unsecured bonds, net |
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$ |
(324,906 |
) |
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$ |
(338,587 |
) |
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$ |
(294,392 |
) |
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$ |
(299,814 |
) |
Credit facilities and financial liabilities, including current portion, net |
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$ |
(1,627,843 |
) |
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$ |
(1,649,725 |
) |
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$ |
(1,535,334 |
) |
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$ |
(1,557,238 |
) |
Fair value of derivatives, including current portion |
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$ |
(565 |
) |
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$ |
(565 |
) |
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$ |
(2,261 |
) |
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$ |
(2,261 |
) |
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| Fair Value Measurements - Fair Value Measurements on a Nonrecurring Basis |
Level III: Inputs that are unobservable. The Company did not use any Level III inputs as of June 30, 2026 and December 31, 2025.
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Fair Value Measurements as at June 30, 2026 |
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Total |
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Level I |
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Level II |
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Level III |
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Cash and cash equivalents |
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$ |
352,624 |
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|
$ |
352,624 |
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|
$ |
— |
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|
$ |
— |
|
Restricted cash |
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$ |
189 |
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$ |
189 |
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|
$ |
— |
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|
$ |
— |
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Other investments |
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$ |
116,480 |
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$ |
116,480 |
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$ |
— |
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$ |
— |
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Amounts due from related parties, short-term |
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$ |
1,960 |
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|
$ |
— |
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$ |
1,960 |
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|
$ |
— |
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Amounts due from related parties, long-term |
|
$ |
7,142 |
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|
$ |
— |
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$ |
7,142 |
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|
$ |
— |
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Amounts due to related parties, short-term |
|
$ |
(36,221 |
) |
|
$ |
— |
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|
$ |
(36,221 |
) |
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$ |
— |
|
Senior unsecured bonds, net |
|
$ |
(338,587 |
) |
|
$ |
(338,587 |
) |
|
$ |
— |
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|
$ |
— |
|
Credit facilities and financial liabilities, including current portion, net (1) |
|
$ |
(1,649,725 |
) |
|
$ |
— |
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$ |
(1,649,725 |
) |
|
$ |
— |
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Fair Value Measurements as at December 31, 2025 |
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Total |
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Level I |
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Level II |
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Level III |
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Cash and cash equivalents |
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$ |
402,783 |
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|
$ |
402,783 |
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|
$ |
— |
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$ |
— |
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Restricted cash |
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$ |
186 |
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$ |
186 |
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|
$ |
— |
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|
$ |
— |
|
Other investments |
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$ |
10,483 |
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|
$ |
10,483 |
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|
$ |
— |
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|
$ |
— |
|
Amounts due from related parties, short-term |
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$ |
1,720 |
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|
$ |
— |
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|
$ |
1,720 |
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|
$ |
— |
|
Amounts due from related parties, long-term |
|
$ |
7,142 |
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|
$ |
— |
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|
$ |
7,142 |
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|
$ |
— |
|
Amounts due to related parties, short-term |
|
$ |
(23,484 |
) |
|
$ |
— |
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|
$ |
(23,484 |
) |
|
$ |
— |
|
Senior unsecured bonds, net |
|
$ |
(299,814 |
) |
|
$ |
(299,814 |
) |
|
$ |
— |
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|
$ |
— |
|
Credit facilities and financial liabilities, including current portion, net (1) |
|
$ |
(1,557,238 |
) |
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$ |
— |
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|
$ |
(1,557,238 |
) |
|
$ |
— |
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(1)The fair value of the Company’s credit facilities and financial liabilities is estimated based on currently available credit facilities, financial liabilities, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.
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| Fair Value Measurements - Fair Value of Vessel Measured at Fair Value on a Non-recurring Basis |
As at March 31, 2026, the estimated fair value of the Company’s vessel measured at fair value on a non-recurring basis, was based on the concluded sale price and was categorized based upon the fair value hierarchy as follows:
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Fair Value Measurements as at March 31, 2026 |
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Total |
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Level I |
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Level II |
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Level III |
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Vessels, net |
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$ |
10,088 |
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$ |
— |
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$ |
10,088 |
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$ |
— |
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As at June 30 and March 31, 2025, the estimated fair value of the Company’s vessels measured at fair value on a non-recurring basis was categorized based upon the applicable fair value hierarchy. The fair value as at June 30, 2025 was determined based on a third party valuation report and the fair value as at March 31, 2025 was determined based on the concluded sale price.
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Fair Value Measurements as at June 30, 2025 |
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Total |
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Level I |
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Level II |
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Level III |
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Vessel held for sale |
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$ |
30,000 |
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$ |
— |
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$ |
30,000 |
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$ |
— |
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Fair Value Measurements as at March 31, 2025 |
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Total |
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Level I |
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Level II |
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Level III |
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Vessel held for sale |
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$ |
8,051 |
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$ |
— |
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$ |
8,051 |
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$ |
— |
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| Fair Value Measurements - Summary of Terms of Swap Transaction and Respective Fair Value Amount |
Derivative liabilities:
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Effective date |
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Termination date |
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Notional amount
on effective date |
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Fixed rate |
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Fair value
as at June 30, 2026
(Level II) |
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Fair value
as at December 31,
2025
(Level II) |
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1/27/2025 |
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3/26/2029 |
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$ |
87,860 |
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4.12 |
% |
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$ |
565 |
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$ |
2,261 |
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Total fair value of derivatives, including current portion |
$ |
565 |
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$ |
2,261 |
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| Fair Value Measurements - Summary of Amount Recognized in Other Comprehensive Loss |
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Amount recognized in
other comprehensive income/ (loss) |
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Three Month Period Ended June 30, 2026 |
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Three Month Period Ended June 30, 2025 |
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Six Month
Period Ended June 30, 2026 |
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Six Month
Period Ended June 30, 2025 |
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Unrealized gain/ (loss) on cash flow hedges |
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$ |
971 |
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$ |
(543 |
) |
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$ |
1,696 |
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$ |
(2,314 |
) |
Total other comprehensive income/ (loss) |
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$ |
971 |
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$ |
(543 |
) |
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$ |
1,696 |
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$ |
(2,314 |
) |
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