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Martin Midstream Partners

OverviewSuggest Edit

Martin Midstream Partners collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The Company's four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products.
TypePublic
Founded2002
HQKilgore, USMap
Websitemartinmidstream.com
Employee Ratings2.8More
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Revenue (FY, 2019)$847.1 M(-12%)
Share Price (Sept 2020)$1.3
Cybersecurity ratingAMore

Key People/Management at Martin Midstream Partners

Ruben S. Martin

Ruben S. Martin

President, Chief Executive Officer and Director
Robert D. Bondurant

Robert D. Bondurant

Executive Vice President, Chief Financial Officer and Director
Randall L. Tauscher

Randall L. Tauscher

Executive Vice President and Chief Operating Officer
Chris Booth

Chris Booth

Executive Vice President, Chief Legal Officer, General Counsel and Secretary
Sharon Taylor

Sharon Taylor

Head of Investor Relations
Rick Freed

Rick Freed

Vice President - Marine
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Martin Midstream Partners Office Locations

Martin Midstream Partners has offices in Kilgore, Amelia, Andover, Beaumont and in 26 other locations
Kilgore, US (HQ)
Kilgore, TX 75663, USA
Amelia, US
141 Offshore Ln
Andover, US
550 North 159th St E #207
Beaumont, US
1 Gulf States Rd
Cactus, US
109 Schroeter Ave
Galveston, US
1300 Coastwide Rd
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Martin Midstream Partners Financials and Metrics

Martin Midstream Partners Revenue

Martin Midstream Partners's revenue was reported to be $847.12 m in FY, 2019
USD

Revenue (Q2, 2020)

19.9m

Market capitalization (22-Sept-2020)

49.7m

Closing stock price (22-Sept-2020)

1.3

Cash (30-Jun-2020)

52.0k

EV

590.7m
Martin Midstream Partners's current market capitalization is $49.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.2b1.5b1.6b1.6b1.0b827.4m946.1m972.7m847.1m

Revenue growth, %

1%(37%)(20%)

Cost of goods sold

990.9m1.2b1.3b1.3b641.4m471.7m613.6m684.6m492.8m

Gross profit

246.2m292.8m335.2m361.5m395.4m355.7m332.5m288.0m354.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q1, 2020Q2, 2020

Revenue

292.2m316.3m338.3m292.9m317.9m433.7m358.2m359.6m497.0m418.9m390.0m305.4m251.1m226.0m225.6m190.3m174.5m253.3m193.9m193.1m284.2m500.8m219.0m251.0m198.9m19.9m

Cost of goods sold

230.7m256.0m268.2m227.8m251.7m345.4m276.6m283.0m406.6m330.7m299.4m203.8m151.8m135.1m129.9m103.2m95.7m159.1m119.4m122.9m198.3m349.4m154.5m152.8m108.8m

Gross profit

61.5m60.3m70.1m65.1m66.2m88.3m81.6m76.6m90.4m88.2m90.5m101.5m99.3m90.9m95.7m87.1m78.8m94.2m74.5m70.2m85.9m151.4m64.5m98.2m90.1m

Gross profit Margin, %

21%19%21%22%21%20%23%21%18%21%23%33%40%40%42%46%45%37%38%36%30%30%29%39%45%
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Annual
USDFY, 2011FY, 2012FY, 2013Y, 2014FY, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

266.0k5.2m16.5m42.0k42.0k31.0k31.0k15.0k27.0k237.0k2.9m

Accounts Receivable

126.5m190.7m163.9m134.2m74.4m107.2m79.0m87.3m

Prepaid Expenses

2.0m2.8m7.4m6.8m5.7m4.9m5.3m5.8m

Inventories

78.2m96.0m94.9m88.7m88.7m75.9m75.9m82.6m97.3m85.1m62.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q1, 2020Q2, 2020

Cash

67.0k296.0k8.8m106.0k27.0k47.0k17.0k45.0k4.4m2.7m3.0m37.0k24.0k13.0k46.0k28.0k10.0k39.0k32.0k15.0k184.0k610.0k3.2m227.0k68.0k52.0k

Accounts Receivable

99.1m99.2m112.1m97.5m121.0m134.0m124.0m147.6m133.6m145.4m132.8m94.5m75.2m63.9m59.2m50.4m46.3m61.4m51.0m64.1m84.6m77.4m59.1m48.5m

Prepaid Expenses

1.2m908.0k2.0m2.1m1.5m3.8m6.3m9.1m7.7m11.2m10.3m6.7m7.6m6.3m4.7m5.1m4.4m3.9m4.8m3.7m6.0m7.1m

Inventories

63.6m80.9m81.5m83.8m116.3m71.2m93.3m106.8m94.8m113.3m120.4m68.6m76.6m91.8m57.9m90.6m107.5m62.1m101.7m130.6m73.9m113.1m134.1m70.5m46.8m65.7m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

24.3m102.0m(13.4m)(11.7m)38.4m31.7m17.1m44.1m(174.9m)

Depreciation and Amortization

45.0m42.1m52.2m68.8m92.3m92.1m85.2m76.9m60.1m

Inventories

(25.5m)(2.7m)3.8m5.7m12.8m(6.8m)(14.7m)11.8m21.5m

Accounts Payable

43.6m17.6m(6.0m)(26.3m)(44.2m)3.3m20.0m(27.5m)(898.0k)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q1, 2020Q2, 2020

Net Income

16.1m21.5m10.5m17.7m90.1m16.6m25.7m25.9m11.8m10.8m(16.1m)17.2m28.2m31.5m15.9m14.7m13.8m13.6m14.6m(1.7m)12.8m5.6m45.0m(3.7m)8.8m6.6m

Depreciation and Amortization

22.3m33.7m11.1m19.5m29.5m11.9m24.2m37.9m14.0m28.6m45.3m22.7m45.4m68.7m22.0m44.1m66.3m25.3m45.7m65.9m19.2m40.1m58.8m19.0m15.2m30.6m

Inventories

(10.9m)(28.2m)(3.3m)(6.1m)(38.6m)25.5m4.9m(8.4m)131.0k(18.4m)(25.2m)20.2m12.2m(3.1m)18.0m(14.8m)(31.6m)20.6m(19.1m)(48.0m)23.3m(15.9m)(37.1m)15.7m15.7m(3.1m)

Accounts Payable

7.8m11.6m(29.9m)(16.5m)(8.5m)(24.4m)(29.3m)(29.6m)(19.6m)(23.6m)(29.6m)(46.5m)(46.3m)(59.1m)(13.1m)(3.4m)(15.8m)(2.6m)(4.1m)2.2m(3.6m)10.9m(10.4m)(16.5m)
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Martin Midstream Partners Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

Learn more about about our premium products
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Martin Midstream Partners Online and Social Media Presence

Martin Midstream Partners's Trends

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Martin Midstream Partners News and Updates

July 24, 2019

Martin Midstream Partners Reports Second Quarter 2019 Financial Results and Revised Guidance

KILGORE, Texas, July 24, 2019 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today its financial results for the second quarter of 2019.
July 18, 2019

Martin Midstream Partners L.P. Amends and Extends Revolving Credit Facility and Announces Quarterly Cash Distribution

KILGORE, Texas, July 18, 2019 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today that the Partnership has successfully amended and extended its revolving credit facility.  The amended facility extends the maturity date by approximately 3.4 years to…
July 11, 2019

Martin Midstream Partners to Announce Second Quarter 2019 Earnings on July 24

KILGORE, Texas, July 11, 2019 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) plans to publicly announce its financial results for the second quarter ended June 30, 2019 after the market closes on July 24, 2019.
June 04, 2019

Martin Midstream Partners L.P. Files Universal Shelf Registration Statement

KILGORE, Texas, June 04, 2019 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (“the Partnership”) (NASDAQ: MMLP) announced today the filing of a universal shelf registration statement.
May 31, 2019

Martin Midstream Partners L.P. Announces Participation in the Bank of America Merrill Lynch 2019 Energy Credit Conference

KILGORE, Texas, May 31, 2019 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that members of executive management will host investor meetings at the Bank of America Merrill Lynch 2019 Energy Credit Conference in New York, New York.  A copy of t…
May 21, 2019

Martin Midstream Partners L.P. Announces Executive Retirement

KILGORE, Texas, May 21, 2019 (GLOBE NEWSWIRE) -- Following a distinguished career of 29 years, Martin Midstream Partners L.P. (NASDAQ:MMLP) (“the Partnership”) announced today that Ron Garner, Vice President of Fertilizer, is retiring.
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Martin Midstream Partners Blogs

July 15, 2020

Martin Midstream Partners to Announce 2020 Second Quarter Financial Results and Quarterly Cash Distribution on July 27

KILGORE, Texas , July 15, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) plans to release its financial results for the second quarter ended June 30, 2020 and publicly announce the second quarter distribution after the market closes on July 27, 2020 .
July 09, 2020

Martin Midstream Partners L.P. Announces Exchange Offer For Existing Notes, Solicitation of Acceptances of a Prepackaged Plan and Separate Related Cash Tender Offer Open to Certain Investors

Martin Midstream Partners L.P. Announces Exchange Offer For Existing Notes, Solicitation of Acceptances of a Prepackaged Plan and Separate Related Cash Tender Offer Open to Certain Investors Content Import Thu, 07/09/2020 - 17:30 Martin Midstream Partners L.P. Announces Exchange Offer For …
June 26, 2020

Martin Midstream Partners L.P. Announces Entry Into Restructuring Support Agreement

Martin Midstream Partners L.P. Announces Entry Into Restructuring Support Agreement Content Import Fri, 06/26/2020 - 07:00 Martin Midstream Partners L.P. Announces Entry Into Restructuring Support Agreement June 26, 2020 at 7:00 AM EDT This release is a backfi…
April 22, 2020

Martin Midstream Partners Reports First Quarter 2020 Financial Results and Updated 2020 Guidance

First quarter 2020 Net Income of $8.8 million and adjusted EBITDA of $31.0 million Quarterly distribution coverage ratio of 7.45x Declares quarterly cash distribution of $0.0625 per unit Updates full year 2020 guidance due to uncertainty from the COVID-19 pandemic and destabilized market conditions
January 28, 2020

Martin Midstream Partners Reports Fourth Quarter and Full Year 2019 Financial Results, Quarterly Cash Distribution and 2020 Outlook

Exceeded Fourth Quarter and Full Year 2019 Net Income and Adjusted EBITDA Revised Guidance 2019 Net Income from Continuing Operations of $4.5 Million Compared to 2018 Net Loss from Continuing Operations of $7.8 Million Reduction of Quarterly Cash Distribution to Re-allocate Capital and Provide
January 14, 2020

Martin Midstream Partners to Announce 2019 Fourth Quarter Financial Results, Quarterly Cash Distribution, and 2020 Financial Guidance on January 28

Martin Midstream Partners to Announce 2019 Fourth Quarter Financial Results, Quarterly Cash Distribution, and 2020 Financial Guidance on January 28 Content Import Tue, 01/14/2020 - 16:01 Martin Midstream Partners to Announce 2019 Fourth Quarter Financial Results, Quarterly Cash Distributio…
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 Martin Midstream Partners Frequently Asked Questions

  • When was Martin Midstream Partners founded?

    Martin Midstream Partners was founded in 2002.

  • Who are Martin Midstream Partners key executives?

    Martin Midstream Partners's key executives are Ruben S. Martin, Robert D. Bondurant and Randall L. Tauscher.

  • What is Martin Midstream Partners revenue?

    Latest Martin Midstream Partners annual revenue is $847.1 m.

  • Who are Martin Midstream Partners competitors?

    Competitors of Martin Midstream Partners include Berry Petroleum, Matador Resources Company and Petronas.

  • Where is Martin Midstream Partners headquarters?

    Martin Midstream Partners headquarters is located at Kilgore, TX 75663, USA, Kilgore.

  • Where are Martin Midstream Partners offices?

    Martin Midstream Partners has offices in Kilgore, Amelia, Andover, Beaumont and in 26 other locations.

  • How many offices does Martin Midstream Partners have?

    Martin Midstream Partners has 41 offices.