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Martin Midstream Partners L.P. (MMLP)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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3.7000+0.2600 (+7.56%)
At close: 03:59PM EDT
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  • b
    bernhardbill
    How can MMLP still be in the grass when it should be heading for the trees? Last two quarters have been good and with Ukrain still going on Sulphur sales should be great this quarter as well not to mention all other lubs, trucking, shipping etc... I do not understand why this is not heading up to the 10–15-dollar range. This stock and NS use to be almost the same price, if NS was up MMLP would be down when MMlP was up NS down this up/down comparison still holds true but the price per share is 3+ for MMLP and NS is 15+. What the hell is happening on the public relations end. Share Price tends to be driven by expectation not and not so much by reality and that is a public relations function. Salesman makes money not pencil pushers. PR is and or should be a part of sales. What sales a convertible the engineering facts or the hair blowing in the breeze?
  • J
    Jump
    • Announces increased 2022 financial guidance
    • Reported net income of $6.6 million and $18.1 million for the three and six months ended June 30, 2022, respectively
    • Reported adjusted EBITDA of $38.3 million and $78.3 million for the three and six months ended June 30, 2022, respectively
    • Declares quarterly distribution of $0.005, or $0.02 per unit annually
  • G
    Gumby B.
    I am 57 years old and super high dividend stocks are and always will be a mistake to invest in. Unfortunately I needed a refresher course apparently when I invested in mmlp at an average of 25. Any mlp that yields in excess of 8 percent is high yield and risk increases as yield increases. Of course there is a little more to the equation but that is the basic equation. Life experience gives me the odds if I invested in 10 different mlp’s yielding 14%, I would be lucky to have half my money in 10 years, even after Div payouts. One or 2 of the 10 will recover fully in price, the other 8, 2 or 3 bankruptcy. The rest just struggle.

    Will mmlp be one of the 2 winners in my scenario? Possible but it’s the luck of the draw.
  • W
    Wilson
    so anyone know what happened today? ...besides the obvious price drop?
  • D
    DSR
    Consider: Their most recent power point for their December 11th Wells Fargo Midstream Conference on page 12 states that Dividend Distribution coverage is forecast to jump from 0.84x in Q3 to 1.70x in Q4. I can tell you they would not state that number 75 days into the 90 day quarter if that number was not going to be close. If they are close to this number, it should finally give some confidence into this stock, which has been driven into the ground by not just management mistakes but mother nature (ie: midwest storms that destroyed, yet delayed sulfur demand). Therefore, I don't see the dividend cut at all. If management can stop missing quarterly estimates in the next few quarters that yield per unit is going to be cut in half as the stock rises back to $8. Its worth the risk.
  • D
    DSR
    Rubin makes $13,000,000 per year in dividends alone. He is not going to cut the dividend, especially with the accretive Transport acquisition recently completed. There is also the fact that new Permian pipes will soon be delivery large amounts of crude to Cushing storage, which will boost demand for MMLP storage. And there are many other things that will boost the company's profits. Not much longer till we see this, maybe next quarter.
  • S
    SUSAN
    I've owned MMLP on and off since 2013 and have made a lot and lost a lot! I bought in again while checking stocks on the Dividend Channel which is where I heard about MMLP in the first place. It was around October 24th and I checked Analyst Reviews on Fidelity and it was listed a STRONG BUY! So I leaped in again!
  • M
    Mark
    I picked up 10,000 more shares at 3.99 today. That puts me at 50,000 shares, with an average price of $6.60. Will probably sell today’s 10,000 at $5, just to lock in a short term profit to offset some of the unrealized losses that I may end up having to realize at some point.

    I expect to buy each time it hits $3.99, absent some new disclosures that change that.
  • b
    backhoe
    I think for a lot of MMLP investors that road out the carnage and did not want to take the loss, based on your individual price/unit, like myself, it made more sense to take the 3.5% yield with the new distribution. Kinda like holding a 30 year treasury with maybe some upside potential in the future.
  • M
    Mathias
    Our territories have significant overlap with Plains All American (PAA). PAA halved their distribution in 2020 and sold some assets, though they really didn't need to. Sitting on a ton of free cash flow. Makes me wonder if we might just be an acquisition target???
  • M
    Michael Lomholt
    This stock is high risk - but looks like we are near a turn-around. Did what they promised and sold assets that where loosing money. Also looks like business has turned this quater - and there is a good chance they can actually start to make money again this quater. At the same time they deliverage. So - even it is true the high divi signal risc - I took the risc and jumped onboard now to take part of the ride up - together with my dividend and more than 14% - after the reduction....
  • d
    d
    When will this stock ever go up?? Energy is going through the roof and we just sit here.
    I don't understand it
  • D
    DSR
    Great day. Its not hard to expect strong storage revenues. As an oil/gas operator, I could see their oil hauling profits do well. Our gatherer has been using frack tanks to store oil and sell the physical into the forward months. Its a great physical arbitrage and Im seeing it work. MMLP could do well in this environment, if they are aggressive.
  • r
    rockyp
    Which way the Texas RR Commission rule?
  • D
    DSR
    insiders sold stock week before collapse
  • S
    SplungeDog
    From the partners today regarding the pipeline sale and distribution coverage: "We believe that with the benefits from this sale, the Partnership is now in a position to take advantage of viable growth opportunities including potential drop-downs from our general partner which could drive our distribution coverage ratio to a target of greater than 1.2 times."

    Doesn't seem like the distribution is in jeopardy.
  • W
    Woody
    President and CEO, 10% Owner Ruben S. Martin bought 66 shares for $12.6 per share on Feb. 20. Is that some kind of joke?
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