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Martin Midstream Partners LP (MMLP) Files 10-K for the Fiscal Year Ended on December 31, 2017

- By insider

Martin Midstream Partners LP (MMLP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Martin Midstream Partners LP provides terminalling and storage services for petroleum products and by-products; natural gas services; sulfur and sulfur-based products and marine transportation services. Martin Midstream Partners LP has a market cap of $624.780 million; its shares were traded at around $16.25 with a P/E ratio of 36.12 and P/S ratio of 0.66. The dividend yield of Martin Midstream Partners LP stocks is 12.30%.


For the last quarter Martin Midstream Partners LP reported a revenue of $305.7 million, compared with the revenue of $236.9 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $946.1 million, an increase of 14.3% from last year. For the last five years Martin Midstream Partners LP had an average revenue decline of 12.7% a year.

The reported diluted earnings per share was 44 cents for the year, a decline of 32.3% from the previous year. The Martin Midstream Partners LP had an operating margin of 6.32%, compared with the operating margin of 8.78% a year before. The 10-year historical median operating margin of Martin Midstream Partners LP is 5.13%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Martin Midstream Partners LP has the cash and cash equivalents of $0.03 million, compared with $0.02 million in the previous year. The long term debt was $812.6 million, compared with $808.1 million in the previous year. The interest coverage to the debt is 1.3, which is not a favorable level. Martin Midstream Partners LP has a financial strength rank of 4 (out of 10).

At the current stock price of $16.25, Martin Midstream Partners LP is traded at close to its historical median P/S valuation band of $16.35. The P/S ratio of the stock is 0.66, while the historical median P/S ratio is 0.66. The stock lost 1.06% during the past 12 months.

For the complete 20-year historical financial data of MMLP, click here.

This article first appeared on GuruFocus.