|Bid||11.85 x 3000|
|Ask||12.05 x 800|
|Day's Range||11.70 - 12.10|
|52 Week Range||11.70 - 17.60|
|PE Ratio (TTM)||58.87|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||2.00 (15.50%)|
|1y Target Est||16.56|
Martin Midstream Partners L.P. (MMLP) (the “Partnership”) announces the completion of the divestiture of its 20 percent non-operating partnership interests in the West Texas LPG Pipeline Limited Partnership (“WTLPG”) to ONEOK, Inc. The net proceeds of approximately $193.7 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 WTLPG divestiture is reflective of our commitment to improving the Partnership’s balance sheet and reducing our leverage ratio to below 4.50 times.
American Midstream Partners (AMID), a midstream MLP involved in natural gas gathering, processing, and compression, was the lowest-performing MLP in the week ended July 27. AMID stock plunged 41.1% last week. It saw a sharp correction following its announcement of a capital allocation strategy, which includes the sale of non-core assets and a distribution cut.
Moody's Investors Service ("Moody's") changed Martin Midstream Partners L.P.'s (Martin Midstream) rating outlook to positive from stable and affirmed its Corporate Family Rating (CFR) at B2, its Probability of Default Rating (PDR) at B2-PD, and its senior unsecured notes rating at Caa1. Concurrently, Moody's affirmed Martin Midstream's Speculative Grade Liquidity (SGL) rating of SGL-3.
Agreement to Divest West Texas LPG Pipeline Interest Improved Pro-Forma Total Leverage to 4.36 times Quarterly Distribution Coverage Ratio In-Line with Guidance. KILGORE, Texas, July 25, 2018-- Martin ...
NEW YORK, July 25, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Martin ...
The Zacks Analyst Blog Highlights: NuStar Energy, Martin Midstream Partners, CVR Refining, CONSOL Coal Resources and AllianceBernstein Holding
Full-fledged trade war could hurt business growth, spending and sentiment. In the wake of this, investing in companies that pay consistent dividends can make for wonderful investments.
Martin Midstream Partners plans to release its financial results for the quarter ended June 30, 2018 after the market closes on Wednesday, July 25, 2018. A conference call to review the second quarter results will be held on Thursday, July 26, 2018 at 8:00 a.m. Central Time. 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, 2018. This information will be available on the investor relations page of Martin Midstream Partners’ website.
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, 2018, which will be available on the investor relations page of Martin Midstream Partners’ website. 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.
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning the link between Martin Midstream Partners LP (NASDAQ:MMLP)’sRead More...
KILGORE, Texas, May 21, 2018-- Martin Midstream Partners L.P. announced today that members of executive management will participate in the MLP & Energy Infrastructure Conference sponsored by the Master ...
Currently, Summit Midstream Partners (SMLP) is trading at a yield close to 15%. On May 8, RBC cut its target price for Summit Midstream from $20 to $18. The mean target price for Summit Midstream provided by the surveyed analysts is $17.6.
Navios Maritime Midstream Partners (NAP), an MLP involved in the marine transportation of crude oil, refined products, and NGLs, was the top MLP gainer in the week ending April 20. Navios Maritime Partners rallied 29.2% due to J.P. Morgan upgrading it to a “buy.” Overall, the partnership has lost 55.4% since the beginning of 2018. The fall could mainly be attributed to the partnership’s weak operating performance in 4Q17. To learn more, read Comparing Crude Tanker Companies’ 4Q17 Performances.