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Last $31.60 USD
Change Today +0.20 / 0.64%
Volume 79.4K
MMLP On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

martin midstream partners lp (MMLP) Snapshot

Open
$31.32
Previous Close
$31.40
Day High
$32.63
Day Low
$31.05
52 Week High
08/28/14 - $41.44
52 Week Low
01/14/15 - $24.03
Market Cap
1.1B
Average Volume 10 Days
110.4K
EPS TTM
$0.16
Shares Outstanding
35.5M
EX-Date
08/5/15
P/E TM
194.0x
Dividend
$3.25
Dividend Yield
10.22%
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 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 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.

 

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MMLP Competitors

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Company Last Change
Matson Inc $39.56 USD +0.04
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Ultra Petroleum Corp $7.89 USD +0.16
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Industry Analysis

MMLP

Industry Average

Valuation MMLP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 2.4x
Price/Cash Flow 17.3x
TEV/Sales 0.2x
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