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Martin Midstream Partners LP

Energy US MMLP

3.4606USD
-0.0494(1.41%)

Last update at 2024-07-25T14:48:00Z

Day Range

3.463.52
LowHigh

52 Week Range

1.963.28
LowHigh

Fundamentals

  • Previous Close 3.51
  • Market Cap121.29M
  • Volume8257
  • P/E Ratio31.10
  • Dividend Yield0.64%
  • EBITDA187.58M
  • Revenue TTM734.26M
  • Revenue Per Share TTM18.93
  • Gross Profit TTM 143.69M
  • Diluted EPS TTM0.10

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -2.40700M 3.17M -5.03500M 6.42M -7.22600M
Minority interest 0.21M - 1.91M 2.15M 6.63M
Net income -10.33400M -0.21100M -6.77100M 4.52M 44.10M
Selling general administrative 41.81M 41.01M 40.90M 41.43M 37.68M
Selling and marketing expenses - - - - -
Gross profit 339.29M 292.58M 253.75M 294.26M 211.18M
Reconciled depreciation 56.28M 56.75M 61.46M 60.06M 76.87M
Ebit 51.26M 57.28M 46.50M 58.10M 44.81M
Ebitda 107.54M 114.03M 99.15M 118.17M 121.68M
Depreciation and amortization 56.27M 56.75M 52.65M 60.07M 76.87M
Non operating income net other -0.00500M -0.00400M -5.32700M 0.00600M 0.03M
Operating income 51.26M 57.28M 46.50M 58.10M 44.79M
Other operating expenses 967.62M 825.35M 630.55M 789.01M 927.87M
Interest expense 53.66M 54.11M 46.21M 51.69M 52.04M
Tax provision 7.93M 3.38M 1.74M 1.90M 0.37M
Interest income 0.00000M 0.00000M 0.19M 0.09M 0.03M
Net interest income -53.66500M -54.10700M -46.21000M -51.69000M -52.03700M
Extraordinary items - - - -179.46600M 63.49M
Non recurring - - - - -
Other items - - - - -
Income tax expense 7.93M 3.38M 1.74M 1.90M 0.37M
Total revenue 1018.88M 882.43M 672.14M 847.12M 972.65M
Total operating expenses 288.03M 235.50M 212.16M 236.16M 166.39M
Cost of revenue 679.59M 589.85M 418.39M 552.86M 761.48M
Total other income expense net -53.67000M -54.11100M -51.53700M -51.68400M 0.03M
Discontinued operations - - - -179.46600M 63.49M
Net income from continuing ops -10.33400M -0.21100M -6.77100M 4.52M -7.59500M
Net income applicable to common shares -10.33400M -0.20700M -6.90600M -178.44500M 44.99M
Preferred stock and other adjustments - 0.00400M 0.14M 3.50M -0.88200M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 509.38M 598.85M 579.86M 579.64M 667.16M
Intangible assets 0.06M 2.41M 2.20M 2.81M 3.57M
Earning assets - - - - -
Other current assets 9.22M 13.63M 12.91M 8.99M 5.83M
Total liab 574.00M 658.30M 627.90M 626.51M 703.35M
Total stockholder equity -66.18200M 510.41M 0.82M -46.87100M -36.19600M
Deferred long term liab - 1.11M 0.69M 0.80M 1.66M
Other current liab 26.60M 28.33M 33.47M 0.21M 0.67M
Common stock - -61.11000M -50.74100M -48.77600M -38.34200M
Capital stock - - - - -
Retained earnings - -9.54100M - - -
Other liab - 8.23M 9.23M 7.07M 8.91M
Good will 16.67M 16.67M 16.82M 16.82M 17.70M
Other assets - 16.65M 19.82M 22.25M 26.05M
Cash 0.05M 0.04M 0.05M 4.96M 2.86M
Cash and equivalents - - - - -
Total current liabilities 100.56M 110.92M 104.09M 119.38M 107.28M
Current deferred revenue 0.65M 14.39M - 35.77M 35.05M
Net debt 481.70M 539.10M 514.81M 526.61M 591.06M
Short term debt 14.90M 0.00900M 0.28M 31.50M 6.76M
Short long term debt - 0.00900M 0.28M 31.50M -
Short long term debt total 481.76M 539.15M 514.86M 531.56M 593.92M
Other stockholder equity - 510.41M -0.81600M 417.85M -36.19600M
Property plant equipment - 354.25M 367.33M 402.13M 417.20M
Total current assets 114.31M 211.13M 173.69M 135.63M 181.36M
Long term investments - - - - -
Net tangible assets - -78.53000M -68.94600M -66.49900M -57.46800M
Short term investments - - - - -
Net receivables 61.22M 87.65M 98.61M 67.56M 105.08M
Long term debt 421.17M 512.87M 498.87M 484.60M 569.79M
Inventory 43.82M 109.80M 62.12M 54.12M 62.54M
Accounts payable 58.41M 68.20M 70.34M 51.90M 64.80M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - 0.82M - -467.53100M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 4.02M 2.26M 1.84M 0.80M 2.63M
Deferred long term asset charges - - - - -
Non current assets total 395.06M 387.72M 406.17M 444.01M 485.79M
Capital lease obligations 60.59M 26.27M 15.71M 15.47M 31.85M
Long term debt total - 512.87M 498.87M 484.60M 569.79M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -24.64400M -19.24100M 2.60M 174.83M 147.65M
Change to liabilities 0.49M 14.33M -7.31800M -0.89800M -27.32100M
Total cashflows from investing activities -24.64400M -19.24100M 2.60M 174.83M 147.62M
Net borrowings 10.63M -19.99700M -56.18000M -91.51400M -160.20100M
Total cash from financing activities 8.49M -21.39400M -65.28700M -248.08700M -238.17000M
Change to operating activities 9.96M -2.31900M -5.11100M -11.07600M 2.53M
Net income -10.33400M -0.21100M -6.77100M 4.52M -7.59500M
Change in cash -0.00700M -4.90600M 2.10M 2.56M 0.21M
Begin period cash flow 0.05M 4.96M 2.86M 0.30M 0.03M
End period cash flow 0.04M 0.05M 4.96M 2.86M 0.24M
Total cash from operating activities 16.15M 35.73M 64.78M 75.81M 90.73M
Issuance of capital stock 0.00000M 0.00300M 0.00000M 0.29M 0.00000M
Depreciation 56.28M 56.75M 61.46M 60.06M 76.87M
Other cashflows from investing activities -5.17600M -4.10900M -1.47800M 203.48M 171.39M
Dividends paid -0.79300M -0.79100M -5.31700M -49.09300M 78.44M
Change to inventory -47.67800M -8.33400M 5.26M 21.49M 11.84M
Change to account receivables 4.58M -31.44800M 30.74M 0.06M 28.44M
Sale purchase of stock 0.00000M -0.01700M -0.00900M -0.68100M -0.39100M
Other cashflows from financing activities 403.30M -0.59200M -3.78100M 531.49M -1.33800M
Change to netincome -0.78700M 3.76M -17.12300M 173.55M -32.27400M
Capital expenditures 27.24M 16.06M 28.62M 30.62M 37.09M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes -9.54100M 0.58M -1.45400M -125.85300M 122.55M
Change in working capital -32.37000M -27.94100M 23.66M 9.61M 13.54M
Stock based compensation 0.16M 0.38M 1.42M 1.42M 1.22M
Other non cash items -3.33300M 4.31M -16.15700M -1.15700M 17.09M
Free cash flow -11.08900M 19.67M 36.16M 45.19M 53.64M

Peer Comparison

Sector: Energy Industry: Oil & Gas Midstream

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MMLP
Martin Midstream Partners LP
-0.0494 1.41% 3.46 31.10 22.99 0.12 - 0.73 5.39
ENB
Enbridge Inc
0.09 0.23% 36.66 32.07 17.33 1.67 1.73 2.98 10.28
EBBNF
Enbridge Inc
-0.21 0.98% 21.18 8.69 - 1.66 -
EPD
Enterprise Products Partners LP
0.15 0.51% 29.85 10.72 9.90 1.17 2.09 1.76 9.64
ET
Energy Transfer LP
0.09 0.53% 16.27 13.07 8.26 0.59 1.41 1.21 7.76

Reports Covered

Stock Research & News

Profile

Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products. The company's Terminalling and Storage segment owns or operates various marine shore-based terminal facilities and specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products. This segment also offers land rental services to oil and gas companies, as well as storage and handling services for lubricants and fuels. Its Transportation segment operates various trucks and tank trailers; and inland marine tank barges, inland push boats, and articulated offshore tug and barge unit to transport petroleum products and by-products, petrochemicals, and chemicals. The company's Sulfur Services segment processes molten sulfur into prilled or pelletized sulfur, which is used in the production of fertilizers and industrial chemicals. Its Specialty Products segment stores, distributes, and transports natural gas liquids for wholesale deliveries to refineries, industrial natural gas liquid users, and propane retailers. Martin Midstream GP LLC serves as a general partner of the company. Martin Midstream Partners L.P. was incorporated in 2002 and is based in Kilgore, Texas.

Martin Midstream Partners LP

4200 Stone Road, Kilgore, TX, United States, 75662

Key Executives

Name Title Year Born
Mr. Robert D. Bondurant Pres, CEO & Director of Martin Midstream GP LLC 1959
Ms. Sharon L. Taylor VP & CFO of Martin Midstream GP LLC 1965
Mr. Randall L. Tauscher Exec. VP & COO of Martin Midstream GP LLC 1966
Mr. Chris H. Booth Chief Legal Officer, Exec. VP, Gen. Counsel & Sec. of Martin Midstream GP LLC 1970
Mr. Scot A. Shoup Sr. VP of Operations - Martin Midstream GP LLC 1961
Ms. Melanie Mathews VP of HR - Martin Midstream GP LLC NA
Mr. Matt A. Yost Sr. VP of Terminalling and Engineering for Martin Midstream GP LLC 1983
Mr. T. Damon King Sr. VP of Shore Bases for Martin Midstream GP LLC NA
Mr. Johnnie Murry Sr. VP of Land Transportation for Martin Midstream GP LLC 1987
Mr. Robert D. Bondurant President, CEO & Director of Martin Midstream GP LLC 1959

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