Last $36.88 USD
Change Today +0.45 / 1.24%
Volume 147.2K
MMLP On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

martin midstream partners lp (MMLP) Snapshot

Open
$36.10
Previous Close
$36.43
Day High
$36.97
Day Low
$36.03
52 Week High
10/28/13 - $48.74
52 Week Low
10/15/14 - $30.40
Market Cap
1.3B
Average Volume 10 Days
320.3K
EPS TTM
$0.30
Shares Outstanding
34.9M
EX-Date
11/5/14
P/E TM
122.5x
Dividend
$3.25
Dividend Yield
8.53%
Current Stock Chart for MARTIN MIDSTREAM PARTNERS LP (MMLP)

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martin midstream partners lp (MMLP) Details

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company’s Terminalling and Storage segment owns or operates 30 marine shore-based terminal facilities and 17 specialty terminal facilities that provide storage, processing, and handling services for producers and suppliers of petroleum products and by-products, including the refining, blending, and packaging of naphthenic lubricants and related products. This segment also offers land rental services to oil and gas companies; and storage and handling services for lubricants and fuels. Its Natural Gas Services segment is involved in distributing natural gas liquids (NGLs) to propane retailers, refineries, and industrial NGL users. This segment owns a NGL pipeline covering an area of approximately 200 miles from Kilgore, Texas to Beaumont, Texas; 3 NGL supply and storage facilities with a storage capacity of approximately 3,000 barrels; and 6 liquefied petroleum gas pressure barges, as well as leases approximately 2.2 million barrels of underground storage capacity for NGLs. The company's Sulfur Services segment processes and distributes sulfur that is produced by oil refineries and used in the production of fertilizers and industrial chemicals; and manufactures and markets sulfur-based fertilizers and related sulfur products, such as plant nutrient sulfur products, ammonium sulfate products, industrial sulfur products, and liquid sulfur products. This segment owns 56 railcars and leases 116 railcars to transport molten sulfur. Its Marine Transportation segment owns a fleet of 39 inland marine tank barges, 25 inland push boats, and 4 offshore tug and barge units that transport petroleum products and by-products for independent oil and gas refining companies, and petroleum marketing companies. Martin Midstream Partners L.P. was founded in 2002 and is based in Kilgore, Texas.

Founded in 2002

martin midstream partners lp (MMLP) Top Compensated Officers

Chief Executive Officer of Martin Midstream G...
Total Annual Compensation: $375.0K
Chief Financial Officer of Martin Midstream G...
Total Annual Compensation: $200.0K
Chief Operating Officer of Martin Midstream G...
Total Annual Compensation: $268.0K
Executive Vice President of Martin Midstream ...
Total Annual Compensation: $102.0K
Compensation as of Fiscal Year 2013.

martin midstream partners lp (MMLP) Key Developments

Martin Midstream Partners LP Declares Quarterly Cash Distribution, Payable on November 14, 2014

Martin Midstream Partners L.P. announced it has declared a quarterly cash distribution of $0.8125 per unit, or $3.25 per unit on an annualized basis, for the quarter ended September 30, 2014. The quarterly distribution increase is $0.02 per unit or 2.5% higher than the distribution paid in the prior quarter and 3.8% higher than the distribution paid following the third quarter ended September 30, 2013. The distribution is payable on November 14, 2014 to common unitholders of record as of the close of business on November 7, 2014. The ex-dividend date for the cash distribution is November 5, 2014.

Martin Midstream Partners LP(NasdaqGS:MMLP) dropped from Alerian MLP Index

Martin Midstream Partners LP will be removed from the Alerian MLP Index.

Martin Midstream Seeks Acquisitions

Martin Midstream Partners LP (NasdaqGS:MMLP) is looking for acquisition opportunities. Amounts repaid under the revolving credit facility may be re-borrowed to fund future acquisitions and expansion capital expenditures.

 

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Industry Analysis

MMLP

Industry Average

Valuation MMLP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 3.0x
Price/Cash Flow 44.6x
TEV/Sales 0.3x
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