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Last $38.19 USD
Change Today +0.16 / 0.42%
Volume 27.5K
As of 11:30 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

martin midstream partners lp (MMLP) Snapshot

Open
$38.32
Previous Close
$38.03
Day High
$38.32
Day Low
$37.95
52 Week High
05/5/14 - $43.25
52 Week Low
01/14/15 - $24.03
Market Cap
1.4B
Average Volume 10 Days
153.5K
EPS TTM
$0.16
Shares Outstanding
35.5M
EX-Date
05/6/15
P/E TM
234.5x
Dividend
$3.25
Dividend Yield
8.39%
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 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.

Martin Midstream Partners LP Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Martin Midstream Partners LP announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s adjusted EBITDA from continuing operations was $50.4 million compared to adjusted EBITDA from continuing operations for the first quarter of 2014 of $39.0 million, an increase of 29%. Net income for the first quarter of 2015 was $17.2 million, or $0.37 per limited partner unit. Net income for the first quarter of 2014 was $11.8 million, or $0.43 per limited partner unit. The company’s distributable cash flow from continuing operations was $37.1 million compared to distributable cash flow from continuing operations of $21.7 million, an increase of 71%. Total revenues were $305,353,000 compared to $484,809,000 a year ago. Operating income was $24,702,000 compared to $24,498,000 a year ago. Net income before taxes was $16,333,000 compared to $12,684,000 a year ago. Income from continuing operations was $16,033,000 compared to $12,384,000 a year ago. Net income attributable to limited partners from continuing operations was $12,031,000 or $0.34 per basic and diluted share compared to $12,103,000 or $0.45 per basic and diluted share a year ago. Net cash provided by operating activities was $46,744,000 compared to $36,524,000 a year ago. Payments for property, plant and equipment was $12,927,000 compared to $16,642,000 a year ago. EBITDA was $49,596,000 compared to $37,744,000 a year ago. Maintenance capital expenditures were $1,758,000 compared to $4,338,000 a year ago.

Martin Midstream Partners Announces Quarterly Cash Distribution, Payable on May 15, 2015

Martin Midstream Partners LP 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 March 31, 2015. The quarterly distribution is unchanged from the distribution paid following the previous quarter. The distribution is payable on May 15, 2015 to common unitholders of record as of the close of business on May 8, 2015. The ex-dividend date for the cash distribution is May 6, 2015.

 

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Industry Analysis

MMLP

Industry Average

Valuation MMLP Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow 21.0x
TEV/Sales 0.3x
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