|Bid||0.0000 x 800|
|Ask||0.0000 x 800|
|Day's Range||4.7600 - 5.0000|
|52 Week Range||3.3900 - 14.3200|
|Beta (3Y Monthly)||0.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||1.00 (23.87%)|
|1y Target Est||6.80|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Martin Midstream Partners L.P. New York, September 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Martin Midstream Partners L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Bank of America believes that the S&P 500 will close 2019 unchanged, but see dividend payers as superior to bonds for the short and long terms.
Martin Midstream Partners L.P. (the “Partnership”) (MMLP) announces the sale of its East Texas Pipeline (the “Pipeline”) to an undisclosed buyer. The net proceeds of approximately $17.5 million will be used to reduce outstanding borrowings under the Partnership’s revolving credit facility. Ruben Martin, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership said, “The East Texas Pipeline sale is one more step along the Partnership’s strategic path of selling non-core assets and using the proceeds to reduce leverage.
DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...
KILGORE, Texas, July 31, 2019 -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today that the Partnership has posted on its website an updated.
Quarterly Distribution Coverage Ratio of 1.31 timesSecond Quarter Net Loss from Continuing Operations of $10.6 millionImproved Pro-Forma Total Leverage to 5.12 timesRevised.
Martin Midstream Partners L.P. (MMLP) (the “Partnership”) announced today that the Partnership has successfully amended and extended its revolving credit facility. The amended facility extends the maturity date by approximately 3.4 years to August 2023, decreases the borrowing capacity from $500 million to $400 million and contains an accordion feature of up to an additional $100 million. As of June 30, 2019 the Partnership had borrowings of $225 million.
Martin Midstream Partners L.P. (MMLP) plans to publicly announce its financial results for the second quarter ended June 30, 2019 after the market closes on July 24, 2019. An archive of the replay will be on Martin Midstream Partners’ website at www.MMLP.com. During the conference call, management will discuss certain non-generally accepted accounting principle financial measures for which reconciliations to the most directly comparable GAAP financial measures will be provided in Martin Midstream Partners’ announcement concerning its financial results for the quarter ended June 30, 2019 which will be available on the investor relations page of Martin Midstream Partners’ website.
Martin Midstream Partners L.P. (the “Partnership”) (MMLP) announces the completion of the sale of its membership interests in Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage Company, LLC and Perryville Gas Storage LLC to Hartree Cardinal Gas, LLC, a subsidiary of Hartree Bulk Storage LLC. The net proceeds after sales expenses of approximately $212.0 million have been used to reduce outstanding borrowings under the Partnership’s revolving credit facility. Ruben Martin, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership said, “Beginning last year, the Partnership committed to strengthening its balance sheet through strategic initiatives aimed at reducing leverage.
Martin Midstream Partners L.P. (“the Partnership”) (MMLP) announced today that it has entered into a definitive agreement with Hartree Cardinal Gas, LLC, a subsidiary of Hartree Bulk Storage LLC, to sell its membership interests in Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage, LLC and Perryville Gas Storage LLC (the “Natural Gas Storage Assets”) for $215.0 million in cash. The Natural Gas Storage Assets consist of approximately 50 billion cubic feet of working capacity located in northern Louisiana and Mississippi. The transaction is expected to close on or around the end of the second quarter, subject to customary closing conditions.
Martin Resource Management Corporation ("MRMC" or the "Company") is listed as a selling unitholder in the filing. The Company owns a total of 6,114,532, or 15.7%, of the outstanding limited partnership common units of the Partnership, however, has no current intention to divest any of the Partnership units it owns. Due to certain requirements under MRMC's credit agreement, these units must be continuously registered for resale by the Partnership under a Form S-3 registration statement filed with the Securities and Exchange Commission. The Partnership is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region.
KILGORE, Texas, May 31, 2019 -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that members of executive management will host investor.
Following a distinguished career of 29 years, Martin Midstream Partners L.P. (MMLP) (“the Partnership”) announced today that Ron Garner, Vice President of Fertilizer, is retiring. Garner has been active in numerous industry associations throughout his career, including the Texas Ag Industries Association and the Southwest Fertilizer Conference (“SWFC”). He has served as President of the Board of Directors for the Tennessee Plant Food Association and on the SWFC Board of Directors since 2004 in various capacities including Program Chairman, General Conference Chairman, Executive Committee Chairman and currently Local Arrangements Chairman.
KILGORE, Texas, May 14, 2019 -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that members of executive management will host investor.
Martin Midstream Partners L.P. (MMLP) (“the Partnership”) announced that an incident occurred at its Neches Terminal in Beaumont, Texas in the early morning on Friday, May 10, 2019 causing structural damage to the terminal’s mobile ship-loader and crane. There were no injuries to plant personnel or marine crews related to this event. Until the damage is repaired, the terminal will be unable to load prilled sulfur onto oceangoing vessels. The incident occurred during severe weather passing through the area. No other structures were impacted and all other terminalling operations are fully functional. At this time, the Partnership is not able to estimate the time necessary to repair the damage or the cash flow impact, but believes that it carries adequate insurance to protect against the losses incurred.
Moody's Investors Service (Moody's) downgraded Martin Midstream Partners L.P.'s (Martin Midstream) Corporate Family Rating (CFR) to B3 from B2, its Probability of Default Rating (PDR) to B3-PD from B2-PD, senior unsecured notes rating to Caa2 from Caa1, and Speculative Grade Liquidity (SGL) rating to SGL-4 from SGL-3. The SGL-4 liquidity rating reflects weak liquidity with a heavily used revolver expiring in March 2020, and the senior notes shortly thereafter in February 2021.
Martin Midstream Partners L.P. (MMLP) announced it has declared a quarterly cash distribution of $0.25 per unit, or $1.00 per unit on an annualized basis, for the quarter ended March 31, 2019. The distribution is payable on May 15, 2019 to common unitholders of record as of the close of business on May 8, 2019. The ex-dividend date for the cash distribution is May 7, 2019. This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
NEW YORK, NY / ACCESSWIRE / April 25, 2019 / Martin Midstream Partners L.P. (NASDAQ: MMLP ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on April 25, 2019 at ...
KILGORE, Texas, April 24, 2019 -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") announced today strategic initiatives designed to strengthen the balance.