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Last $26.92 USD
Change Today +1.37 / 5.36%
Volume 99.8K
MMLP On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

martin midstream partners lp (MMLP) Snapshot

Open
$25.48
Previous Close
$25.55
Day High
$27.06
Day Low
$25.48
52 Week High
09/23/14 - $39.55
52 Week Low
08/24/15 - $23.05
Market Cap
954.5M
Average Volume 10 Days
171.6K
EPS TTM
$-0.01
Shares Outstanding
35.5M
EX-Date
08/5/15
P/E TM
--
Dividend
$3.25
Dividend Yield
12.07%
Current Stock Chart for MARTIN MIDSTREAM PARTNERS LP (MMLP)

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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 Midstream Partners L.P. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

Martin Midstream Partners L.P. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $251,099,000 against $403,261,000 a year ago. Operating income was $19,630,000 against $17,997,000 a year ago. Net income before taxes was $11,275,000 against $678,000 a year ago. Income from continuing operations was $10,961,000 against $324,000 a year ago. Net income was $10,961,000 against net loss of $968,000 a year ago. Allocation of net income attributable to limited partner interest from continuing operations was $6,804,000 against $316,000 a year ago. Net income per unit attributable to limited partners basic and diluted from continuing operations was $0.19 against $0.01 a year ago. Allocation of net income attributable to limited partner interest was $4,113,000 against allocation of net loss attributable to limited partner interest of $19,000 a year ago. Net income per unit attributable to limited partners basic and diluted was $0.19 against net loss per unit attributable to limited partners basic and diluted of $0.03 a year ago. EBITDA was $43,885,000 against $26,331,000 a year ago. Adjusted EBITDA was $45,040,000 against $32,830,000 a year ago. Distributable cash flow was $31,883,000 against $20,144,000 a year ago. For the six months, the company reported total revenues of $556,452,000 against $888,070,000 a year ago. Operating income was $44,332,000 against $42,496,000 a year ago. Net income before taxes was $27,608,000 against $13,362,000 a year ago. Income from continuing operations was $26,994,000 against $12,708,000 a year ago. Net income was $28,209,000 against $10,827,000 a year ago. Allocation of net income attributable to limited partner interest from continuing operations was $18,896,000 against $12,419,000 a year ago. Net income per unit attributable to limited partners basic and diluted was $0.54 against $0.45 a year ago. Allocation of net income attributable to limited partner interest was $19,747,000 against $10,581,000 a year ago. Net income per unit attributable to limited partners basic and diluted was $0.56 against $0.38 a year ago. Net cash provided by operating activities was $104,084,000 against $20,949,000 a year ago. Payments for property, plant and equipment was $28,027,000 against $41,237,000 a year ago. Payments for plant turnaround costs were $1,754,000 against $3,910,000 a year ago. EBITDA was $93,481,000 against $64,074,000 a year ago. Adjusted EBITDA was $95,407,000 against $71,873,000 a year ago. Distributable cash flow was $68,963,000 against $41,821,000 a year ago.

Martin Midstream Partners Announces Cash Distribution for the Quarter Ended June 30, 2015, Payable on August 14, 2015

Martin Midstream Partners L.P. announced it has declared a quarterly cash distribution of $0.8125 per unit, or $3.25 per unit on an annualized basis, for the quarter ended June 30, 2015. The quarterly distribution is unchanged from the distribution paid following the previous quarter. The distribution is payable on August 14, 2015 to common unit holders of record as of the close of business on August 7, 2015. The ex-dividend date for the cash distribution is August 5, 2015.

Martin Midstream Partners LP to Report Q2, 2015 Results on Jul 29, 2015

Martin Midstream Partners LP announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 29, 2015

 

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MMLP:US $26.92 USD +1.37

MMLP Competitors

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Industry Analysis

MMLP

Industry Average

Valuation MMLP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 2.2x
Price/Cash Flow 11.9x
TEV/Sales 0.1x
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