US Market News
4日前
Martin Midstream Partners Sets Date for Release of Second Quarter 2026 Financial ResultsJuly 8, 2026 11:00 AM
Business WireMartin Midstream Partners L.P.’s (NASDAQ: MMLP) second quarter 2026 earnings announcement will be released on Wednesday, July 22, 2026, after the market closes. The press release will be available under the Investor Relations tab at www.MMLP.com.About Martin Midstream Partners L.P.Martin Midstream Partners L.P., headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, and storage services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marketing, distribution, and transportation services for natural gas liquids and blending and packaging services for specialty lubricants and grease.To learn more, visit www.MMLP.com or find us on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20260708190124/en/Martin Midstream Partners LP
Danny Cavin Director, FP&A and Investor Relations
US Market News
3月前
Martin Midstream Partners Sets Date for Release of First Quarter 2026 Financial ResultsApril 8, 2026 11:00 AM
Business Wire
Martin Midstream Partners L.P.’s (NASDAQ: MMLP) first quarter 2026 earnings announcement will be released on Wednesday, April 22, 2026, after the market closes. The press release will be available under the Investor Relations tab at www.MMLP.com.
About Martin Midstream Partners L.P.
Martin Midstream Partners L.P., headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, and storage services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marketing, distribution, and transportation services for natural gas liquids and blending and packaging services for specialty lubricants and grease.
To learn more, visit www.MMLP.com or find us on LinkedIn and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260408607172/en/
Martin Midstream Partners LP
Danny Cavin Director, FP&A and Investor Relations
ir@mmlp.com
(877) 256-6644
Original: Martin Midstream Partners Sets Date for Release of First Quarter 2026 Financial Results
US Market News
4月前
Martin Midstream Partners Announces 2025 K-1 Tax Package AvailabilityMarch 2, 2026 1:07 PM
Business Wire
Martin Midstream Partners L.P. (NASDAQ: MMLP) today announced that the Partnership’s 2025 tax package, which includes Schedule K-1, is now available to download from the Investor Relations section of the Partnership’s website and may also be accessed by visiting https://www.taxpackagesupport.com/martinmidstream.
The Partnership will begin mailing the 2025 tax package to its unitholders on Thursday, March 5, 2026. For additional information, unitholders may contact the K-1 Tax Package Support Line toll free at (888) 334-7473. In addition, you can send a request by mail to: Martin Midstream Partners L.P., Attn: Tax Package Support, P.O. Box 139031, Dallas, Texas 75313.
About Martin Midstream Partners
Martin Midstream Partners L.P., headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, and storage services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marketing, distribution, and transportation services for natural gas liquids and blending and packaging services for specialty lubricants and grease.
To learn more, visit www.MMLP.com or find us on LinkedIn and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260302531788/en/
Martin Midstream Partners LP
Danny Cavin Director, FP&A and Investor Relations
ir@mmlp.com
(877) 256-6644
Original: Martin Midstream Partners Announces 2025 K-1 Tax Package Availability
Investolator
6年前
NEWS: Martin Midstream Partners L.P. Announces Sale of Mega Lubricants
December 22 2020 - 04:02PM
GlobeNewswire Inc.
Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today the sale of certain assets used in connection with the Mega Lubricants shore-based terminals business to John W. Stone Oil Distributor, LLC (“Stone Oil”) for $22.4 million.
Robert Bondurant, Executive Vice President, Chief Financial Officer and Director of the Partnership, said, “The announcement today reflects our continued emphasis on debt reduction through the sale of non-core assets allowing MMLP to focus on our commercial strengths and long-term relationships built around our refinery services assets. As I stated in our last earnings call, my vision as I begin my role as CEO on January 1, 2021 is to make our Partnership attractive to investors again. Reducing our leverage is integral to that vision.”
Mega Lubricants is engaged in the business of blending, manufacturing and delivering various marine application lubricants, sub-sea specialty fluids, and proprietary developed commercial and industrial products.
John Stone, Jr., General Manager of Stone Oil, said, “John W. Stone Oil Distributor has been in the marine fuel and lubricants distribution business for nearly 75 years, plying its trade on the lower Mississippi River and the Gulf of Mexico. With the acquisition of the lubricant formulation, blending, and distribution business, we are excited to expand our offering. Mega Lubricants and John W. Stone Oil Distributor are very complementary businesses that share the same business spirit: a commitment to safety, quality, and service. Mega Lubricant’s delivery operations will expand Stone Oil’s existing distribution and delivery operations. We look forward to integrating seamlessly because of the similarities in corporate culture and personnel. We are excited about this acquisition and continue to look at growth in the future.”
About Martin Midstream Partners
Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.
Additional information concerning Martin Midstream is available on its website at www.MMLP.com, or by contacting:
Sharon Taylor – Director of Investor Relations
(877) 256-6644
MMLP-C
swanlinbar
8年前
MMLP Martin Midstream Partners L.P. Completes the Previously Announced Divestiture of the West Texas LPG Pipeline Interest
8:30 am ET August 1, 2018 (Globe Newswire) Print
Martin Midstream Partners L.P. (NASDAQ:MMLP) (the "Partnership") announces the completion of the divestiture of its 20 percent non-operating partnership interests in the West Texas LPG Pipeline Limited Partnership ("WTLPG") to ONEOK, Inc. The net proceeds of approximately $193.7 million will be 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, "The WTLPG divestiture is reflective of our commitment to improving the Partnership's balance sheet and reducing our leverage ratio to below 4.50 times. On a pro-forma basis this sale represents more than a full turn of leverage improvement, or 4.36 times compared to actual leverage of 5.46 times at June 30, 2018. Furthermore, due to our reduced financial leverage Moody's Investor Services recently revised the Partnership's rating outlook favorably from stable to positive, while affirming the corporate credit rating of (B2) and senior unsecured debt rating of (Caa1).
"We believe that with the benefits from this sale, the Partnership is now in a position to take advantage of viable growth opportunities including potential drop-downs from our general partner which could drive our distribution coverage ratio to a target of greater than 1.2 times."
About Martin Midstream Partners (NASDAQ:MMLP)
The Partnership is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business segments include: (1) natural gas services, including liquids transportation and distribution services and natural gas storage; (2) terminalling, storage and packaging services for petroleum products and by-products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marine transportation services for petroleum products and by-products.
Forward-Looking Statements
Statements about the Partnership's outlook and all other statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and all references to financial estimates rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside the Partnership's control, which could cause actual results to differ materially from such statements. While the Partnership believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors. A discussion of these factors, including risks and uncertainties, is set forth in the Partnership's annual and quarterly reports filed from time to time with the Securities and Exchange Commission. The Partnership disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise except where required to do so by law.
Additional information concerning the Partnership is available on the Partnership's website at www.martinmidstream.com or by contacting:
Sharon Taylor - Head of Investor Relations
(877) 256-6644
https://resource.globenewswire.com/Resource/Download/97fdaee8-b458-4197-bc3b-63327feb8951?size=1
swanlinbar
8年前
Moody's changes Martin Midstream's outlook to positive; affirms B2 CFR
26 Jul 2018
Approximately $374 million of rated debt affected
New York, July 26, 2018 -- Moody's Investors Service ("Moody's") changed Martin Midstream Partners L.P.'s (Martin Midstream) rating outlook to positive from stable and affirmed its Corporate Family Rating (CFR) at B2, its Probability of Default Rating (PDR) at B2-PD, and its senior unsecured notes rating at Caa1. Concurrently, Moody's affirmed Martin Midstream's Speculative Grade Liquidity (SGL) rating of SGL-3.
The change in outlook follows Martin Midstream's announcement that it will sell its 20% non-operating interest in West Texas LPG Pipeline L.P. (WTLPG) for $195 million and apply the proceeds towards repayment of revolver borrowings. Martin Midstream's positive rating outlook reflects its reduced financial leverage achieved through this transaction and Moody's expectation for improvement in distribution coverage in 2019. Both Martin Midstream and Martin Resource Management Corporation have their own financing and capital needs, and entail the expectation of increasing distributions. Therefore, tempering upward rating movement are organic growth constraints and risks of re-leveraging as the partnership needs capital to reinvest in its business or make acquisitions to grow EBITDA and distributable cash flow.
Outlook Actions:
..Issuer: Martin Midstream Partners L.P.
....Outlook, Changed To Positive From Stable
Affirmations:
..Issuer: Martin Midstream Partners L.P.
.... Probability of Default Rating, Affirmed B2-PD
.... Speculative Grade Liquidity Rating, Affirmed SGL-3
.... Corporate Family Rating, Affirmed B2
....Senior Unsecured Regular Bond/Debenture, Affirmed Caa1 (LGD5)
RATINGS RATIONALE
Martin Midstream's B2 CFR broadly reflects the partnership's small scale, complex business structure from a broad array of operations, and geographic concentration in the US Gulf Coast. The partnership benefits from a foundation of fee-based cash flows, a portfolio of midstream service offerings in an integrated system, and Moody's expectation for continued support from Martin Resource Management Corporation. Relative to much larger midstream businesses with greater financial resources, Martin Midstream is more susceptible to cyclical downturns and financial market disruptions, has more limited liquidity, and less access to capital markets—a particularly important source of funding given that excess cash flows are distributed to owners.
The credit profile is supported by the roughly 60% of EBITDA represented by contracts that are fee-based though this figure has decreased as the partnership's butane business has grown. Earnings power in the partnership's natural gas service segment is adversely impacted by lower rates on contracts that come up for renewal due to the lower price of the commodity relative to when prior contracts were executed. Concentration in the US Gulf Coast results in exposure to regional circumstances and subjects operations to the adverse impact of weather conditions such as hurricanes, which weighed on results in 2017. However, its location also positions the partnership well to serve the oil refining industry which are large customers for certain of its services. The partnership also has the specialized ability to store and transport hard-to-handle products across its integrated portfolio of services.
Pro forma for the asset sale and repayment of revolver borrowings, debt/EBITDA as of March 31, 2018 measures about 4.1x which is down meaningfully from 5.2x. Moody's expects leverage will climb modestly during the remainder of 2018 including through the seasonally weaker third quarter which tends to have weaker cash flows attributable in particular to the partnership's NGL business. As a result of the sale of its stake in WTLPG and elimination of its associated share of spending for an expansion project amounting to $24 million for the remainder of 2018, the partnership will reduce capital expenditure needs thereby benefiting cash flows. However, distribution coverage will likely remain pressured at least through the third quarter of 2018 as a result of certain non-discretionary maintenance capital expenditure needs during the year.
The SGL-3 liquidity rating reflects Moody's expectation that Martin Midstream will maintain adequate liquidity over the next 12 months. The partnership does not maintain a meaningful amount of cash on its balance sheet given that its partnership agreement calls for distribution of available cash. As of June 30, 2018 and pro forma for the repayment of revolver borrowings with proceeds from the asset sale, the partnership would have about $270 million drawn under its $664 million revolver due March 2020 though financial covenants could limit access to less than the full facility amount. Moody's anticipates that revolver borrowings will increase during the seasonally weaker third quarter of 2018 including to fund working capital needs.
Factors that could lead to an upgrade include EBITDA growth and increased scale without meaningfully increasing business risk while maintaining adequate liquidity, distribution coverage sustained above 1.1x (measured as funds from operations less maintenance capital expenditures divided by distributions), and debt/EBITDA sustained below 5x.
Factors that could lead to a downgrade include debt/EBITDA approaching 6x, distribution coverage falling meaningfully below 1x or deterioration in liquidity.
The principal methodology used in these ratings was Midstream Energy published in May 2017. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.
Martin Midstream, headquartered in Kilgore, Texas, is a publicly-traded master limited partnership with primary operations in the United States Gulf Coast region. Martin Resource Management Corporation has a 51% voting interest in Martin Midstream's general partner with the other 49% voting interest held by Alinda Capital Partners. Revenue for the 12 months ended March 31, 2018 was $978 million.
REGULATORY DISCLOSURES
For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.
For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.
Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.
Jonathan Teitel, CFA
Analyst
Corporate Finance Group
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
U.S.A.
JOURNALISTS: 1 212 553 0376
Client Service: 1 212 553 1653
Peter Speer
Senior Vice President
Corporate Finance Group
JOURNALISTS: 1 212 553 0376
swanlinbar
8年前
MMLP Martin Midstream Partners LP, Inst Holders, 2Q 2018 (MMLP)
4:01 am ET July 20, 2018 (Dow Jones) Print
The following table shows the largest shareholders in MARTIN MIDSTREAM PARTNERS UNIT (MMLP) for the quarter ended June 30, 2018, listed by holding size. The list represents up to 50 of the largest holders in the company.
Note: Unless otherwise mentioned the reporting date is 06/30/2018
Institution Shares Shares % Last
Held Changed Held Report
OppenheimerFunds Inc. 6,444,952 7,900 16.504 03/31
Brookfield Investment Manageme 2,025,324 2,025,324 5.186 03/31
First Trust Advisors LP 603,731 (48,553) 1.546 03/31
Goldman Sachs Asset Management 565,000 15,000 1.447 03/31
Advisory Research Inc. 544,995 0 1.396 03/31
Advisors Capital Management LL 165,643 14,523 0.424 03/31
Rafferty Asset Management LLC 148,918 553 0.381 03/31
Barings LLC 107,800 0 0.276 03/31
Raymond James Financial Servic 94,138 7,771 0.241 03/31
Susquehanna Financial Group LL 84,179 (4,257) 0.216 03/31
Trust Asset Management LLC 60,791 0 0.156 03/31
Bramshill Investments LLC 56,101 (3,685) 0.144 03/31
The Bollard Group LLC 54,950 39,100 0.141 03/31
Arrow Investment Advisors LLC 47,923 4,939 0.123 03/31
Raymond James & Associates In 45,922 1,050 0.118 03/31
UBS Financial Services Inc. 42,345 (44) 0.108 03/31
Walleye Trading Advisors LLC 42,060 8,110 0.108 03/31
CNH Partners LLC 40,794 3,100 0.104 03/31
Morgan Stanley Smith Barney LL 39,657 (233) 0.102 03/31
The California Public Employee 39,000 0 0.100 03/31
Sippican Capital Advisors LLC 38,610 2,625 0.099 06/30
GSA Capital Partners LLP 36,200 (14,280) 0.093 03/31
Guggenheim Partners Investment 34,241 (1,005) 0.088 03/31
Rational Advisors Inc. 33,800 33,800 0.087 03/31
PVG Asset Management Corp. 33,800 33,800 0.087 03/31
Texas Yale Capital Corp. 31,075 0 0.080 03/31
Albert D. Mason Inc. 29,301 (200) 0.075 03/31
HighTower Advisors LLC 28,537 8,186 0.073 03/31
Goldman Sachs & Co. LLC (Priva 27,120 10,948 0.069 03/31
Independent Advisor Alliance L 24,833 7,878 0.064 03/31
Geode Capital Management LLC 24,013 0 0.061 03/31
B. Riley Capital Management LL 22,509 22,509 0.058 03/31
RBC Capital Markets LLC (Inves 21,206 (2,244) 0.054 03/31
Citigroup Global Markets Inc. 20,202 (7,481) 0.052 03/31
Huntington National Bank (Inve 18,128 0 0.046 03/31
Deutsche Bank Securities Inc. 17,147 0 0.044 03/31
Merrill Lynch Pierce Fenner 17,095 1,705 0.044 03/31
Bell & Brown Wealth Advisors L 16,400 (400) 0.042 03/31
Wells Fargo Clearing Services 16,398 (8,606) 0.042 03/31
UBS Securities LLC 16,332 (2,473) 0.042 03/31
Deutsche Asset Management Inve 14,900 (43,963) 0.038 03/31
Virtu Financial BD LLC 14,093 14,093 0.036 03/31
Credit Suisse Securities (USA) 11,705 11,705 0.030 03/31
Peak6 Capital Management LLC 11,476 (33,086) 0.029 03/31
Susquehanna Investment Group L 10,119 10,119 0.026 03/31
Barclays Bank Plc (Private Ban 8,581 (1,200) 0.022 03/31
Bank of America NA (Private B 7,795 (1,995) 0.020 03/31
Cutler Group LP 7,111 4,200 0.018 03/31
Endurance Wealth Management I 6,600 3,000 0.017 03/31
Wells Capital Management Inc. 5,678 5,678 0.015 03/31
13F data provided by: Factset Research Systems Inc.;
Please send questions to ownership@factset.com.
Copyright, Factset Research Systems, 2018. All Rights Reserved.
(END) Dow Jones Newswires
July 20, 2018 04:01 ET (08:01 GMT)
swanlinbar
8年前
MMLP Martin Midstream Partners to Announce Second Quarter Financial Results on July 25
4:05 pm ET July 12, 2018 (Globe Newswire) Print
Martin Midstream Partners (NASDAQ:MMLP) plans to publicly release its financial results for the second quarter ended June 30, 2018 after the market closes on Wednesday, July 25, 2018.
A conference call to review the second quarter results will be held on Thursday, July 26, 2018 at 8:00 a.m. Central Time. The live conference call can be accessed by calling (877) 878-2695. For a limited time, an audio replay of the conference call will be available by calling (855) 859-2056. The conference ID is 3192908. The replay will also be archived on Martin Midstream Partners' website at www.martinmidstream.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, 2018, which will be available on the investor relations page of Martin Midstream Partners' website.
Qualified Notice to Nominees
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.
About Martin Midstream Partners
Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) natural gas liquids transportation and distribution services and natural gas storage; (2) terminalling, storage and packaging services for petroleum products and by-products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marine transportation services for petroleum products and by-products.
Forward-Looking Statements
Statements about Martin Midstream Partners' outlook and all other statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and all references to financial estimates rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside its control, which could cause actual results to differ materially from such statements. While Martin Midstream Partners believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors. A discussion of these factors, including risks and uncertainties, is set forth in Martin Midstream Partners' annual and quarterly reports filed from time to time with the Securities and Exchange Commission. Martin Midstream Partners disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise.
Additional information concerning Martin Midstream is available on its website at www.martinmidstream.com, or
Sharon Taylor - Head of Investor Relations
(877) 256-6644
https://resource.globenewswire.com/Resource/Download/97fdaee8-b458-4197-bc3b-63327feb8951?size=1
Hot Features
プレミアム
登録してリアルタイムのチャート、分析ツール、価格を入手してください。
mattymatt66
3年前
whytestocks
6年前
ClayTrader
6年前
MastaBeta
6年前
Valuetrader
7年前
eastunder
7年前
Watch30
8年前
メールアドレスで登録
