Martin Midstream Partners L.P. (NASDAQ:MMLP) is reporting third quarter financial results on Wednesday 21st October 2020, after market close.
According to analysts surveyed by Thomson Reuters, MMLP is expected to report 3Q20 loss of $ 0.24 per share from revenue of $ 106.12 million.
For the full year, analysts anticipate top line of $ 710.00 million, while looking forward to loss of $ 0.14 per share bottom line.
Previous Quarter Performance
Martin Midstream Partners L.P. unwinded loss for the second quarter of $ 0.06 per share, from the revenue of $ 140.64 million. The quarterly revenues shrunk 24.92 percent compared with the same quarter last year. Street analysts expected Martin Midstream Partners L.P. to report loss of $ 0.06 per share on revenue of $ 105.76 million for the second quarter. The top line results outshined analysts by $ 34.88 million or 32.98 percent.
Stock Performance
Shares of Martin Midstream Partners L.P. traded low $ -0.02 or -1.08 percent on Tuesday, reaching $ 1.83 with volume of 281.40 thousand shares. Martin Midstream Partners L.P. has traded high as $ 1.86 and has cracked $ 1.75 on the downward trend
The closing price of $ 1.83, representing a 103.30 % increase from the 52 week low of $ 0.91 and a 67.08 % decrease over the 52 week high of $ 5.62.
The company has a market capital of $ 71.10 million and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.005 per share on July 27, 2020. The dividend were payable on August 14, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 2020.
Conference Call
Martin Midstream Partners L.P. will be hosting a conference call at 9:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.martinmidstream.com
Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The companys Terminalling and Storage segment owns or operates 19 marine shore-based terminal facilities and 14 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.
