Martin Midstream Partners - MMLP Stock Forecast, Price & News

Martin Midstream Partners' stock was trading at $2.66 at the beginning of the year. Since then, MMLP stock has increased by 21.8% and is now trading at $3.24.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our MMLP earnings forecast.

Martin Midstream Partners L.P. (NASDAQ:MMLP) posted its quarterly earnings data on Wednesday, November, 2nd. The pipeline company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.11. The pipeline company earned $229.31 million during the quarter. Martin Midstream Partners had a negative trailing twelve-month return on equity of 42.43% and a net margin of 0.06%.

Martin Midstream Partners declared a quarterly dividend on Tuesday, October 18th. Shareholders of record on Monday, November 7th will be paid a dividend of $0.005 per share on Monday, November 14th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, November 4th.
Read our dividend analysis for MMLP.

Martin Midstream Partners (NASDAQ:MMLP) pays an annual dividend of $0.02 per share and currently has a dividend yield of 0.62%. The dividend payout ratio is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MMLP will have a dividend payout ratio of 40.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MMLP.

7 employees have rated Martin Midstream Partners Chief Executive Officer Ruben S. Martin III on Glassdoor.com. Ruben S. Martin III has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Martin Midstream Partners investors own include Energy Transfer (ET), SunCoke Energy Partners (SXCP), NGL Energy Partners (NGL), AGNC Investment (AGNC), Annaly Capital Management (NLY), Cornerstone Total Return Fund (CRF), AT&T (T), CBL & Associates Properties (CBL), Alliance Resource Partners (ARLP) and Cornerstone Strategic Value Fund (CLM).

Martin Midstream Partners trades on the NASDAQ under the ticker symbol "MMLP."

Martin Midstream Partners' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Blackstone Inc. (4.88%), Raymond James & Associates (1.46%), Citadel Advisors LLC (0.03%), Simplex Trading LLC (0.00%) and Group One Trading L.P. (0.00%). Insiders that own company stock include Chris H Booth, Randall Tauscher, Robert D Bondurant, Robert D Bondurant, Ruben S Martin, Ruben S Martin, Scot A Shoup and Sharon L Taylor.
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Shares of MMLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MMLP stock can currently be purchased for approximately $3.24.

Martin Midstream Partners (NASDAQ:MMLP) has a market capitalization of $125.88 million and generates $882.43 million in revenue each year. The pipeline company earns $-210,000.00 in net income (profit) each year or $0.02 on an earnings per share basis.

The company employs 1,450 workers across the globe.

Martin Midstream Partners' mailing address is 4200 STONE ROAD, KILGORE TX, 75662. The official website for the company is www.martinmidstream.com. The pipeline company can be reached via phone at (903) 983-6200, via email at ir@mmlp.com, or via fax at 903-983-6271.