MMLP - Martin Midstream Partners L.P.
| Previous Close | 6.94 |
| Open | 6.94 |
| Bid | 6.85 x 1300 |
| Ask | 6.85 x 1800 |
| Day's Range | 6.80 - 7.12 |
| 52 Week Range | 6.03 - 14.32 |
| Volume | 152,946 |
| Avg. Volume | 279,058 |
| Market Cap | 266.462M |
| Beta (3Y Monthly) | 0.41 |
| PE Ratio (TTM) | 9.88 |
| EPS (TTM) | 0.69 |
| Earnings Date | Jul 24, 2019 |
| Forward Dividend & Yield | 1.75 (14.41%) |
| Ex-Dividend Date | 2019-08-06 |
| 1y Target Est | 9.00 |
- GlobeNewswire•2 days ago
Martin Midstream Partners L.P. Amends and Extends Revolving Credit Facility and Announces Quarterly Cash Distribution
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.
- GlobeNewswire•9 days ago
Martin Midstream Partners to Announce Second Quarter 2019 Earnings on July 24
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.
- GlobeNewswire•19 days ago
Martin Midstream Partners L.P. Completes Sale of Natural Gas Storage Assets
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.
- GlobeNewswire•last month
Martin Midstream Partners L.P. Announces Sale of Natural Gas Storage Assets
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.
- GlobeNewswire•2 months ago
Martin Midstream Partners L.P. Files Universal Shelf Registration Statement
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.
- GlobeNewswire•2 months ago
Martin Midstream Partners L.P. Announces Participation in the Bank of America Merrill Lynch 2019 Energy Credit Conference
KILGORE, Texas, May 31, 2019 -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that members of executive management will host investor.
- Thomson Reuters StreetEvents•2 months ago
Edited Transcript of MMLP earnings conference call or presentation 25-Apr-19 1:00pm GMT
Q1 2019 Martin Midstream Partners LP Earnings Call
- GlobeNewswire•2 months ago
Martin Midstream Partners L.P. Announces Executive Retirement
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.
- GlobeNewswire•2 months ago
Martin Midstream Partners L.P. Announces Participation in the MLP & Energy Infrastructure Conference
KILGORE, Texas, May 14, 2019 -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that members of executive management will host investor.
- GlobeNewswire•2 months ago
Martin Midstream Partners L.P. Reports Service Disruption and Structure Damage at Neches Terminal Location
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•2 months ago
Martin Midstream Partners L.P. -- Moody's downgrades Martin Midstream's CFR to B3; stable outlook
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.
Motley Fool•3 months agoMartin Midstream Partners (MMLP) Q1 2019 Earnings Call Transcript
MMLP earnings call for the period ending March 31, 2019.
- GlobeNewswire•3 months ago
Martin Midstream Partners Announces Quarterly Cash Distribution Date
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.
- Motley Fool•3 months ago
Why Units of Martin Midstream Partners Are Cratering Today
The financially challenged master limited partnership took actions to shore up its balance sheet.
- MarketWatch•3 months ago
Martin Midstream Partners stock plummets toward record low after dividend cut in half, surprise loss
Shares of Martin Midstream Partners L.P. plummeted 17% toward a record low, after the provider of natural-gas and other energy-related services cut its dividend in half, after part of its plan to strengthen its balance sheet, and reported a surprise first-quarter loss. The company's new quarterly distribution was reduced to 25 cents a share from 50 cents. Based on Wednesday's stock closing price of $9.84, the new annual dividend rate would lower the dividend yield to 10.16% from 20.33%. In comparison, the SPDR Energy Select Sector ETF's dividend yield is 3.07% and the implied yield for the S&P 500 is 1.96%, according to FactSet. Among other strategic actions the company is taking, the company said it is in "active negotiation" over the sale of certain non-core assets and businesses. Separately, the company said it swung to a net loss of $3.7 million, or 9 cents a share, from a profit of $13.5 million, or 29 cents a share, a year ago, compared with the FactSet consensus of a profit of 22 cents a share. Revenue fell to $251 million from $307 million, missing the FactSet consensus of $299 million. the stock has lost 4.3% year to date through Wednesday, while the S&P 500 has gained 17%.
- ACCESSWIRE•3 months ago
Martin Midstream Partners L.P. to Host Earnings Call
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 ...
- GlobeNewswire•3 months ago
Martin Midstream Partners Announces Strategic Initiatives
KILGORE, Texas, April 24, 2019 -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") announced today strategic initiatives designed to strengthen the balance.
- Motley Fool•3 months ago
A Reduced Payout Could Be Imminent for These High-Yield Dividend Stocks
These ultra-high-yield stocks aren’t sustainable.
- GlobeNewswire•3 months ago
Martin Midstream Partners to Announce Quarterly Distribution and First Quarter 2019 Earnings on April 24
Martin Midstream Partners L.P. (MMLP) plans to publically announce the first quarter distribution and release its financial results for the first quarter ended March 31, 2019 after the market closes on April 24, 2019. 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 March 31, 2019 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.
- Motley Fool•3 months ago
1 Sky-High Dividend Stock I Wouldn’t Dare Touch
While the 16%-plus yield looks tempting, it’s on shaky ground.
- GlobeNewswire•5 months ago
Martin Midstream Partners L.P. Announces 2018 K-1 Tax Packages Now Available
Martin Midstream Partners L.P. (MMLP) (the “Partnership”) announced today that the Partnership’s 2018 tax packages, which includes Schedule K-1, are now available to download from the Partnership’s website and may be accessed at https://www.taxpackagesupport.com/martinmidstream. The Partnership will begin mailing the 2018 tax packages to its unitholders on Thursday, February 28, 2019.
- Thomson Reuters StreetEvents•5 months ago
Edited Transcript of MMLP earnings conference call or presentation 14-Feb-19 2:00pm GMT
Q4 2018 Martin Midstream Partners LP Earnings Call
- GuruFocus.com•5 months ago
Martin Midstream Partners LP (MMLP) Files 10-K for the Fiscal Year Ended on December 31, 2018
The dividend yield of Martin Midstream Partners LP stocks is 16.07%. Warning! GuruFocus has detected 1 Warning Sign with MMLP. For the last quarter Martin Midstream Partners LP reported a revenue of $252.8 million, compared with the revenue of $305.7 million during the same period a year ago.
- Zacks•5 months ago
HMLP vs. MMLP: Which Stock Is the Better Value Option?
HMLP vs. MMLP: Which Stock Is the Better Value Option?
