Martin Midstream Partners LP (OQ:MMLP)
Business Focus: LNG Transportation & Storage
| Sector: Energy | Industry: Oil & Gas Transportation Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4200 Stone Rd KILGORE TX 75662 |
| Tel: | 1-877-2566644 |
| Website: | https://mmlp.com/home/default.aspx |
| IR: | See website |
| Key People | ||
| Ruben S. Martin Chairman of the Board Martin Midstream GP LLC | Robert D. Bondurant President, Chief Executive Officer, Director of Martin Midstream GP LLC | Sharon L. Taylor Chief Financial Officer, Executive Vice President of Martin Midstream GP LLC |
| Randall L. Tauscher Chief Operating Officer, Executive Vice President of Martin Midstream GP LLC | Chris H. Booth Executive Vice President, Chief Legal Officer, General Counsel, Secretary of Martin Midstream GP LLC | Scot A. Shoup Senior Vice President - Operations of Martin Midstream GP LLC |
| Business Overview |
| Martin Midstream Partners L.P. is engaged in providing specialty services to independent oil and gas companies, independent refiners, and chemical companies. Its operations are primarily focused on the Gulf Coast region of the United States. Its segments include Terminalling and Storage, Transportation, Sulfur services and Specialty products. It owns or operates over 12 marine shore-based terminal facilities and nine specialty terminal facilities located primarily in the Gulf Coast region. Its Transportation segment operates a fleet of both land transportation and marine transportation assets that transport petroleum products and by-products, petrochemicals, and chemicals. It processes and distributes sulfur produced by oil refineries primarily located in the Gulf Coast region. The Specialty Products segment specializes in the marketing, distribution, and transportation services for natural gas liquids, as well as blending and packaging services for specialty lubricants and grease. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Martin Midstream Partners LP revenues decreased 22% to $798M. Net loss applicable to common stockholders decreased 56% to $4.4M. Revenues reflect Terminalling and Storage segment decrease of 61% to $86.5M, Sulfur services segment decrease of 21% to $141M. Lower net loss reflects Indirect selling, general & administrative segment loss decrease of 5% to $16M. Dividend per share remained flat at $0.02. |
| Employees: | 1,619 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $526.03M as of Dec 31, 2023 |
| Annual revenue (TTM): | $797.96M as of Dec 31, 2023 |
| EBITDA (TTM): | $115.25M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.44M as of Dec 31, 2023 |
| Free cash flow (TTM): | $102.36M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $421.12M as of Dec 31, 2023 |
| Shares outstanding: | 39,001,086 as of Feb 21, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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