martin midstream partners lp
(MMLP:NASDAQ GS)
martin midstream partners lp (MMLP) Snapshot
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Open
$43.96
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Previous Close
$44.07
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Day High
$44.14
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Day Low
$43.63
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52 Week High
05/22/13 - $46.37
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52 Week Low
12/10/12 - $30.03
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Market Cap
1.2B
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Average Volume 10 Days
114.4K
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EPS TTM
$1.54
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Shares Outstanding
26.6M
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EX-Date
05/6/13
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P/E TM
28.5x
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Dividend
$3.10
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Dividend Yield
7.00%
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Related News
martin midstream partners lp (MMLP) Related Businessweek News
No Related Businessweek News Foundmartin 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 31 marine shore based terminal facilities and 16 specialty terminal facilities that provide storage, processing, and handling services for producers and suppliers of petroleum products and by-products, lubricants, and other liquids, 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 fuel oil. The Natural Gas Services segment is involved in distributing natural gas liquids (NGLs) to propane retailers, refineries, and industrial NGL users. This segment owns 1 NGL pipeline covering an area of approximately 200 miles from Kilgore, Texas to Beaumont, Texas; and 3 NGL supply and storage facilities with a storage capacity of approximately 3,000 barrels, as well as leases approximately 2.7 million barrels of underground storage capacity for NGLs. The 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 120 railcars to transport molten sulfur. The Marine Transportation segment owns a fleet of 54 inland marine tank barges, 29 inland push boats, and 4 offshore tug 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.
martin midstream partners lp (MMLP) Top Compensated Officers
martin midstream partners lp (MMLP) Key Developments
Martin Midstream Partners LP announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $433,686,000 against $348,326,000 a year ago. Operating income was $26,385,000 against $19,781,000 a year ago. Net income before taxes was $16,944,000 against $12,399,000 a year ago. Income from continuing operations was $16,637,000 or $0.61 basic and diluted per share against $10,742,000 or $0.33 basic and diluted per share a year ago. Net income was $16,637,000 against $12,467,000 a year ago. Limited partners' interest in net income was $16,261,000 or $0.61 basic and diluted per share against $8,918,000 or $0.39 basic and diluted per share a year ago. Net cash provided by operating activities was $65,393,000 against $105,000 a year ago. Payments for property, plant and equipment was $14,715,000 against $31,035,000 a year ago. For the first quarter, the company had maintenance capital expenditures and turnaround costs of $1.7 million. For all of 2013, the company continue to forecast approximately $13 million to $15 million in total maintenance and turnaround costs.
Martin Midstream Partners LP, Q1 2013 Earnings Call, May 07, 2013
Martin Midstream Partners LP announced that it has declared a quarterly cash distribution of $0.775 per unit for the quarter ended March 31, 2013. This quarterly distribution increased $0.005 per unit from the distribution paid in the prior quarter. The distribution is payable on May 15, 2013 to common unitholders of record as of the close of business on May 8, 2013. The ex-dividend date for the cash distribution is May 6, 2013.
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Industry Analysis
MMLP
Industry Average
| Valuation | MMLP | Industry Range |
| Price/Earnings | 29.2x |
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| Price/Sales | 0.7x |
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| Price/Book | 3.4x |
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| Price/Cash Flow | 7.8x |
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| TEV/Sales | 0.4x |
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To contact MARTIN MIDSTREAM PARTNERS LP, please visit www.martinmidstream.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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