Welcome to our dedicated page for Martin Midstream Prtnrs L P news (Ticker: MMLP), a resource for investors and traders seeking the latest updates and insights on Martin Midstream Prtnrs L P stock.
Martin Midstream Partners LP (NASDAQ: MMLP) is a publicly traded limited partnership headquartered in Kilgore, Texas, with operations focused primarily in the Gulf Coast region of the United States. Its news flow reflects activities across four main business lines: terminalling, processing, and storage services for petroleum products and by-products; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and marketing, distribution, and transportation services for natural gas liquids along with blending and packaging services for specialty lubricants and grease.
News updates for MMLP frequently include quarterly financial results, where the partnership reports net income or loss, adjusted EBITDA, segment performance, capital expenditures, leverage metrics, and quarterly cash distributions per common unit. These releases often provide detailed commentary on the Transportation, Terminalling and Storage, Sulfur Services, and Specialty Products segments, explaining how volumes, utilization, rates, margins, and operating expenses affected results.
Investors can also expect capital structure and financing announcements, such as amendments and extensions to the revolving credit facility. Recent disclosures describe changes to borrowing capacity, maturity dates, and financial covenants, including interest coverage and leverage ratios, which are important for understanding the partnership’s liquidity and covenant headroom.
Another recurring theme in Martin Midstream Partners’ news is governance and leadership updates. The partnership has announced retirements and role changes for senior leaders in areas such as land transportation and fertilizer, along with expanded responsibilities for executives overseeing sulfur services and fertilizer operations. These updates highlight continuity and experience in key operating divisions.
In addition, MMLP issues notices about investor relations events and tax reporting, including participation in energy and power investment conferences, schedules for earnings releases, and the availability of Schedule K-3 forms for unitholders with international tax reporting needs. For investors tracking MMLP, following this news stream provides insight into operational trends, segment dynamics, capital management, and partnership-level decisions that shape long-term performance.
Martin Midstream Partners L.P. (NASDAQ: MMLP) is set to release its financial results for Q1 2021 on April 21, 2021, after market close. An investor conference call will occur on April 22, 2021, at 8:00 a.m. CT. Participants are advised to dial in by 7:55 a.m. using (833) 900-2251 with Conference ID: 3387961. A replay will be available at (800) 585-8367. The company, operating primarily in the U.S. Gulf Coast, offers diverse services including terminalling, transportation, and sulfur processing.
Martin Midstream Partners L.P. (NASDAQ: MMLP) announced that its 2020 tax package, including Schedule K-1, will be available for download on its Investor Relations website starting today at 5:00 p.m. central time. The package will be mailed to unitholders on February 27, 2021. The Partnership encourages electronic delivery to promote environmental sustainability. Unitholders can access support through a dedicated toll-free Tax Package Support Line or by mail.
Martin Midstream Partners L.P. (MMLP) reported its financial results for Q4 and the full year of 2020. Despite a challenging environment due to COVID-19, the company met the low end of its guidance but faced headwinds in Transportation and NGL segments, with a significant decline in operating income.
In 2021, MMLP anticipates Adjusted EBITDA between $95 million and $102 million, driven by expected increases in refined product demand as the economy rebounds. Approximately 62% of cash flows are fixed-fee contracts, providing stability amid market uncertainty.
Martin Midstream Partners L.P. (NASDAQ: MMLP) has rescheduled its earnings release and conference call due to severe winter storm impacts. The Partnership will announce its fourth quarter and full-year 2020 financial results on February 22, 2021, after market close, with the conference call on February 23, 2021, at 8:00 a.m. CT. During the call, management will discuss non-GAAP financial measures, with reconciliations provided. The Partnership focuses on services such as terminalling, storage, and transportation of petroleum products and by-products throughout the U.S. Gulf Coast region.
Martin Midstream Partners L.P. (NASDAQ: MMLP) will release its fourth quarter 2020 financial results on February 17, 2021, followed by a conference call on February 18 at 8:00 a.m. CT. The Partnership declared a quarterly cash distribution of $0.005 per unit, payable on February 12, 2021. The ex-dividend date is February 4, 2021. The release includes non-GAAP financial measures, with reconciliations provided during the conference call. Forward-looking statements are made regarding potential impacts from COVID-19 and commodity price volatility.
Martin Midstream Partners L.P. (MMLP) has announced the sale of assets related to its Mega Lubricants shore-based terminals business to John W. Stone Oil Distributor for $22.4 million. This transaction is part of MMLP's strategy to reduce debt and focus on core operations in refinery services. Incoming CEO Robert Bondurant emphasized the importance of leverage reduction for attracting investors. The acquisition enhances Stone Oil's offerings in marine fuel and lubricants, highlighting the compatibility of both businesses.
Ruben S. Martin, III has been elected Chairman of the Board of Directors for Mercy Ships International, effective January 1, 2021. A long-time board member and supporter, Martin has served in various leadership roles and is instrumental in the launch of the Global Mercy™, the largest civilian hospital ship, enhancing Mercy Ships' surgical care capacity. He succeeds Myron E. Ullman, who retires after nearly 20 years. Martin, CEO of Martin Midstream Partners (NASDAQ: MMLP), brings extensive experience to the role, which is vital for the charity's ongoing mission to deliver healthcare to the world's disadvantaged.
On December 11, 2020, Alerian announced the results of the December quarterly review for its index series, effective December 18, 2020. Martin Midstream Partners (NASDAQ: MMLP) will be removed from both the Alerian Midstream Energy Index (AMNA) and the Alerian US Midstream Energy Index (AMUS). No changes were reported for other indexes, including the Alerian MLP Index (AMZ) and the Alerian MLP Infrastructure Index (AMZI). Alerian's indexes track over $23 billion in assets, serving a global clientele with innovative index-based investment strategies.
KILGORE, Texas, Nov. 25, 2020 – Martin Midstream Partners L.P. (NASDAQ: MMLP) announced the participation of its executive management in the BofA Leveraged Finance Conference on December 1, 2020, and the Wells Fargo Midstream and Utility Symposium on December 8, 2020. Interested parties can access the Partnership’s presentation through its website at www.MMLP.com. The Partnership operates across the United States Gulf Coast, offering services such as terminalling and transportation for petroleum products, sulfur processing, and natural gas liquids distribution.
On November 17, 2020, Martin Midstream Partners L.P. (NASDAQ: MMLP) announced participation in the RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference on November 18-19, 2020. The Partnership will present a detailed overview of its operations, which focus on a range of services including terminalling, processing, storage, and transportation of petroleum products. Investors can access the presentation on the Partnership's official website here.
FAQ
What is the current stock price of Martin Midstream Prtnrs L P (MMLP)?
What is the market cap of Martin Midstream Prtnrs L P (MMLP)?
