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Last $33.98 USD
Change Today -0.05 / -0.15%
Volume 109.2K
MMLP On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

martin midstream partners lp (MMLP) Snapshot

Open
$34.29
Previous Close
$34.03
Day High
$34.57
Day Low
$33.49
52 Week High
04/3/14 - $43.48
52 Week Low
01/14/15 - $24.03
Market Cap
1.2B
Average Volume 10 Days
181.3K
EPS TTM
$-0.07
Shares Outstanding
35.4M
EX-Date
02/4/15
P/E TM
--
Dividend
$3.25
Dividend Yield
9.43%
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. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings and Production Guidance for the Full Year 2015; Reports Production Results for the Full Year Ended December 31, 2014

Martin Midstream Partners L.P. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the partnership's distributable cash flow from continuing operations was $33.5 million. This compared to distributable cash flow from continuing operations for the fourth quarter of 2013 of $23.4 million. The partnership's adjusted EBITDA from continuing operations for the quarter was $42.5 million. This compared to adjusted EBITDA from continuing operations for the fourth quarter of 2013 of $37.9 million. Net income for the quarter was $4.4 million, which resulted in a loss per limited partner unit of $0.07 after the incentive distribution rights were allocated to the general partner. The partnership had a net loss of $39.3 million, or $1.44 per limited partner unit, for the fourth quarter of 2013. Revenues for the quarter were $377.0 million compared to $467.1 million for the fourth quarter of 2013. Income from continuing operations was $6.7 million compared with loss of $39.6 million a year ago. EBITDA was $39.3 million compared with LBITDA of $14.4 million a year ago. Maintenance capital expenditures were $1.3 million compared with $3.97 million a year ago. For the year, the partnership's distributable cash flow from continuing operations $94.4 million. This compared to distributable cash flow from continuing operations for the year ended December 31, 2013 of $84.5 million. The partnership's adjusted EBITDA from continuing operations for the year was $149.0 million. This compared to adjusted EBITDA from continuing operations for the year ended December 31, 2013 of $135.5 million. As a result of a $30.1 million non-cash reduction in the carrying value of the Partnership's 42.2% unconsolidated investment in Cardinal, the Partnership reported a net loss for the year of $11.7 million. The Partnership had a net loss of $13.4 million for the year ended December 31, 2013. Revenues were $1.6 billion for each of the years ended December 31, 2014 and 2013. Operating income was $67.9 million compared with $81.5 million a year ago. Net loss before taxes was $5.2 million compared with $13.8 million a year ago. Loss from continuing operations was $6.4 million compared with $14.6 million a year ago. Allocation of net loss attributable to limited partner interest from continuing operations was $8.3 million or $0.27 per basic and diluted share compared with $14.2 million or $0.54 per basic and diluted share a year ago. Allocation of net loss attributable to limited partner interest was $15.2 million or $0.49 per basic and diluted share compared with $13.0 million or $0.50 per basic and diluted share a year ago. Net cash provided by operating activities was $115.6 million compared with $112.2 million a year ago. Payments for property, plant, and equipment were $84.3 million compared with $92.2 million a year ago. EBITDA was $105.8 million compared with EBITDA of $79.6 million a year ago. Maintenance capital expenditures were $14.6 million compared with $11.4 million a year ago. This was higher than normal due to a large refinery turnaround and the dry docking of entire offshore barge fleet. For 2015, the company expects increased in cash flow from owning 100% of Cardinal Gas Storage. The company currently forecasting approximately $14 million to $15 million of maintenance capital expenditures, including a small refinery turnaround in the first quarter. The adjusted EBITDA of $149 million realized in 2014 will increase significantly in 2015. This will primarily be driven by a full year of cash flow from Cardinal Gas Storage investment and West Texas LPG Pipeline joint venture, along with sales volume and margin improvements in lubricant packaging business, increased offshore utilization in Marine Transportation business and more opportunities provided by new rail terminal in NGL logistics business. The throughput for the year ended 2014 averaged approximately 164,000 barrels per day. For 2015, the company expects throughput of approximately 175,000 barrels, more than double the minimum contracted level.

Martin Midstream Partners LP - Analyst/Investor Day

Martin Midstream Partners LP - Analyst/Investor Day

Martin Midstream Partners L.P. Declares Quarterly Cash Distribution for the Quarter Ended December 31, 2014, Payable on February 13, 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 December 31, 2014. The distribution is payable on February 13, 2015 to common unit holders of record as of the close of business on February 6, 2015. The ex-dividend date for the cash distribution is February 4, 2015.

 

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MMLP

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Valuation MMLP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 2.6x
Price/Cash Flow 22.5x
TEV/Sales 0.2x
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