Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $31.58 USD
Change Today +0.62 / 2.00%
Volume 215.1K
MMLP On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

martin midstream partners lp (MMLP) Snapshot

Open
$30.95
Previous Close
$30.96
Day High
$31.69
Day Low
$30.95
52 Week High
07/2/14 - $41.64
52 Week Low
01/14/15 - $24.03
Market Cap
1.1B
Average Volume 10 Days
231.5K
EPS TTM
$0.16
Shares Outstanding
35.5M
EX-Date
05/6/15
P/E TM
193.9x
Dividend
$3.25
Dividend Yield
10.23%
Current Stock Chart for MARTIN MIDSTREAM PARTNERS LP (MMLP)

Related News

No related news articles were found.

martin midstream partners lp (MMLP) Related Businessweek News

No Related Businessweek News Found

martin midstream partners lp (MMLP) Details

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company’s Terminalling and Storage segment owns or operates 29 marine shore-based terminal facilities and 18 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products. This segment also offers land rental services to oil and gas companies, as well as storage and handling services for lubricants and fuels. Its Natural Gas Services segment distributes natural gas liquids (NGLs) to propane retailers, refineries, and industrial NGL users. This segment owns a NGL pipeline covering an area of approximately 200 miles from Kilgore, Texas to Beaumont, Texas; and 2.4 million barrels of underground storage capacity for NGLs. It also develops, constructs, operates, and manages natural gas storage facilities in northern Louisiana and Mississippi, as well as owns an approximate 2,300 mile common-carrier pipeline system that transports NGLs from New Mexico and Texas to Mont Belvieu, Texas. The company’s Sulfur Services segment manufactures and markets various sulfur-based fertilizer and related sulfur products, including plant nutrient and agricultural ground sulfur products; ammonium sulfate products; industrial sulfur products; and liquid sulfur products. This segment owns 56 railcars and leases 105 railcars to transport molten sulfur; and leases 132 railcars to transport fertilizer products. Its Marine Transportation segment operates 42 inland marine tank barges, 25 inland push boats, and 4 offshore tug and barge units that transport petroleum products and by-products to oil and gas refining companies, and petroleum marketing companies. Martin Midstream GP LLC serves as a general partner of the company. The company was founded in 2002 and is based in Kilgore, Texas.

Founded in 2002

martin midstream partners lp (MMLP) Top Compensated Officers

Chief Executive Officer of Martin Midstream G...
Total Annual Compensation: $412.5K
Chief Financial Officer of Martin Midstream G...
Total Annual Compensation: $230.0K
Chief Operating Officer of Martin Midstream G...
Total Annual Compensation: $308.2K
Executive Vice President of Martin Midstream ...
Total Annual Compensation: $165.2K
Compensation as of Fiscal Year 2014.

martin midstream partners lp (MMLP) Key Developments

Martin Operating Partnership L.P. and Martin Midstream Partners L.P. Enter into Fourth Amendment to the Third Amended and Restated Credit Agreement

On June 23, 2015, Martin Operating Partnership L.P., Martin Midstream Partners L.P. and certain of their subsidiaries entered into a Fourth Amendment to the Third Amended and Restated Credit Agreement (Credit Agreement Amendment), which amended that certain Third Amended and Restated Credit Agreement, dated as of March 28, 2013, by and among the Operating Partnership, as the borrower, the Partnership, certain of their subsidiaries, Royal Bank of Canada, as administrative agent and collateral agent for the Lenders and as L/C Issuer and a Lender, and the other Lenders as set therein, as amended. The Credit Agreement Amendment amends the Credit Agreement to, among other things, amend the definition of Consolidated EBITDA to include cash interest payments received by the Operating Partnership in respect of subordinated debt owed to it by Martin Energy Trading LLC. Additionally, the Credit Agreement Amendment permits the Partnership to purchase, redeem or otherwise acquire up to $25 million of its common units and/or senior unsecured notes, subject to compliance with certain minimum liquidity, maximum leverage and other conditions set in the Credit Agreement Amendment. The Credit Agreement and its revolving credit facility are the Partnership's primary source of liquidity and matures March 28, 2018.

Martin Midstream Partners LP Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-02-2015 10:50 AM

Martin Midstream Partners LP Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-02-2015 10:50 AM. Venue: The Westin Times Square Hotel, New York, New York, United States. Speakers: Joseph M. McCreery, Vice President, Finance and Head of Investor Relations of the Partnership, Robert D. Bondurant, Chief Financial Officer of Martin Midstream GP LLC, Executive Vice President of Martin Midstream GP LLC and Director of Martin Midstream GP LLC.

Martin Midstream Partners LP Provides CapEx Guidance for the Year 2015

Martin Midstream Partners LP provided CapEx guidance for the year 2015. The company continues to believe that CapEx will be around $65 million for 2015 with an increase depending on potential development projects like the South Texas Asphalt Terminal or the Corpus Christi Crude Terminal expansion.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MMLP:US $31.58 USD +0.62

MMLP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BreitBurn Energy Partners LP $4.55 USD -0.21
Halcon Resources Corp $1.09 USD -0.07
Rose Rock Midstream LP $47.14 USD +0.39
SEACOR Holdings Inc $69.15 USD -1.79
Star Gas Partners LP $8.90 USD +0.07
View Industry Companies
 

Industry Analysis

MMLP

Industry Average

Valuation MMLP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 2.4x
Price/Cash Flow 17.1x
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MARTIN MIDSTREAM PARTNERS LP, please visit www.martinmidstream.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.