Martin Midstream Partners released its earnings results on Oct 16, 2024. The company reported -$0.08 earnings per share for the quarter, missing the consensus estimate of -$0.01 by -$0.07.

Is Martin Midstream Partners overvalued?

According to Wall Street analysts Martin Midstream Partners’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Martin Midstream Partners pay dividends?

Martin Midstream Partners pays a Quarterly dividend of $0.016 which represents an annual dividend yield of 0.55%. See more information on Martin Midstream Partners dividends here

What is Martin Midstream Partners’s EPS estimate?

Martin Midstream Partners’s EPS estimate is 0.03.

How many shares outstanding does Martin Midstream Partners have?

Martin Midstream Partners has 39,001,087 shares outstanding.

What happened to Martin Midstream Partners’s price movement after its last earnings report?

Martin Midstream Partners reported an EPS of -$0.08 in its last earnings report, missing expectations of -$0.01. Following the earnings report the stock price went down -0.501%.

Which hedge fund is a major shareholder of Martin Midstream Partners?

Among the largest hedge funds holding Martin Midstream Partners’s share is Blackstone Inc.. It holds Martin Midstream Partners’s shares valued at 4M.

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Martin Midstream Stock Smart Score

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Fundamentals

Return on Equity

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Trailing 12-Months

Asset Growth

9.23%

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Company Description

Martin Midstream Partners

Martin Midstream Partners LP engages in the diverse set of operations focused primarily in the United States Gulf Coast region. The firm collects, transports, stores and distributes the petroleum products and by-products. It operates through the following segments: Terminalling and Storage, Natural Gas Liquids, Sulfur Services, and Transportation. The Terminalling and Storage segment offers storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of various grades and quantities of industrial, commercial, and automotive lubricants and greases. The Natural Gas Liquids segment distributes natural gas liquids. The Sulfur Services segment develops an integrated system of transportation assets and facilities relating to sulfur services. The Transportation segment manages a fleet of inland marine tank barges, inland push boats and offshore tug, and barge unit that transport petroleum products and by-products. The company was founded in 2002 and is headquartered in Kilgore, TX.

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MMLP Company Deck

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MMLP Earnings Call

Q3 2024

0:00 / 0:00

Earnings Call Sentiment|Neutral

The earnings call presented a mixed picture. While there was notable outperformance in segments like Transportation and Sulfur Services, overall financial performance fell short of guidance due to increased expenses. The Specialty Products segment notably underperformed, reflecting economic challenges. However, the pending transaction with Martin Resource Management and strategic plans for debt reduction provide some positive outlook.Read More>

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