Martin Midstream Partners Stock (NASDAQ: MMLP)

Dernières nouvelles pour Martin Midstream Partners (NASDAQ:MMLP) Stock

Martin Midstream Partners

Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. Company operates in four segment Terminalling and storage, Transportation, Sulfur service and Specialty products segment. Majority of the revenue derived from Specialty products segment.

Martin Midstream Partners L.P. - Common Units Representing Limited Partnership Interests

Martin Midstream Partners LP

ALERIAN MID ENGY DIV UCITS ETF

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Apogee Enterprises Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) to report quarterly earnings at $1.23 per share on revenue of $335.29 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Apogee shares rose 0.1% to $68.50 in after-hours trading.</li>
<li>Smart Sand, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) declared a special cash dividend of 10 cents per share and authorized a $10 million buyback. Smart Sand shares jumped 14% to $2.28 in the after-hours trading session.</li>
<li>Analysts expect Lifecore Biomedical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFCR#NASDAQ">LFCR</a>) to post a quarterly loss at 47 cents per share on revenue of $23.18 million for the latest quarter. The company will release earnings after the markets close. Lifecore Biomedical shares fell 5.3% to close at $4.7050 on Thursday.</li>
</ul>
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<ul>
<li>Martin Midstream Partners L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) agreed to be acquired by Martin Resource Management. Martin Midstream Partners shares jumped 9.7% to $3.95 in the after-hours trading session.</li>
<li>AgEagle Aerial Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NYSE">UAVS</a>) announced a reverse stock split of 1-for-50 shares of common stock. AgEagle Aerial Systems shares fell 5.4% to $0.1150 in the after-hours trading session.</li>
</ul>
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<li><a href="https://www.benzinga.com/markets/24/10/41172520/wall-streets-most-accurate-analysts-spotlight-on-3-defensive-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
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Apogee Enterprises, Smart Sand And 3 Stocks To Watch Heading Into Friday

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Martin Midstream Partners shares are trading higher after the company announced it will be acquired by Martin Resource Management.

Martin Midstream Partners L.P. (&quot;MMLP&quot;) (NASDAQ:<a href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) today announced that it has entered into a definitive agreement and plan of merger (&quot;Merger Agreement&quot;) pursuant to which Martin Resource Management Corporation (&quot;MRMC&quot;) would acquire all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the &quot;Public Common Units&quot;). The Merger Agreement follows the offer made by MRMC in May 2024 to acquire the Public Common Units.
The Merger Agreement provides for an all-cash transaction whereby each holder of the Public Common Units would receive&nbsp;$4.02&nbsp;per common unit owned, representing a&nbsp;34.00%&nbsp;premium to the market closing price prior to MRMC&#39;s initial proposal made on May 24, 2024 and an&nbsp;11.33%&nbsp;premium to the trailing 30-trading day volume-weighted average price.

Martin Midstream Partners L.P. To Be Acquired By Martin Resource Management Corporation; Proposed Deal For All-Cash Transaction Of $4.02 Per Common Unit

Martin Midstream Partners shares are trading higher after Nut Tree and Caspian increased their offer to acquire the partnership for $4.50 per common unit in cash.

Nut Tree and Caspian Increase Offer for Martin Midstream Partners to $4.50 Per Unit, Representing a 48% Premium Over MRMC's Proposal; Urge Conflicts Committee to Act in Best Interests of Unitholders

Nut Tree and Caspian Reiterate $4.00 per Common Unit Offer Representing 31% Premium to Alternate Offer Made by Martin Resource Management Corporation
Nut Tree and Caspian Call for Any Transaction with MRMC be Subject to Approval of Majority of Unaffiliated Common Unit Holders
NEW YORK, July 19, 2024 /PRNewswire/ -- Nut Tree Capital Management LP ("Nut Tree") and Caspian Capital LP ("Caspian"), today sent a letter to the Conflicts Committee of the Board of Directors (the "Conflicts Committee") of Martin Midstream GP LLC (the "General Partner") highlighting the serious conflicts of interest among the Conflicts Committee, General Partner, Martin Resource Management Corporation ("MRMC"), and Martin Midstream Partners L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) ("MMLP" or the "Partnership").
In the letter, Nut Tree and Caspian reiterate their fully-financed offer to acquire MMLP's common units for $4.00 per common unit in cash, which represents a 31% premium over MRMC'S offer, and urge the Conflicts Committee to act in the best interests of all MMLP common unit holders by requiring that any transaction with MRMC be subject to the approval of a majority of the unaffiliated common unit holders.&nbsp; Moreover, Nut Tree and Caspian encourage all unaffiliated MMLP common unit holders to contact the General Partner's Board of Directors and management team to voice their opinions on the future of MMLP.

Nut Tree And Caspian Reiterate $4 Per Common Unit Offer Representing 31% Premium To Alternate Offer Made By Martin Resource Management Corp. For Martin Midstream Partners L.P.; Nut Tree And Caspian Call For Any Transaction With MRMC Be Subject To Approval Of Majority Of Unaffiliated Common Unit Holders

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.08 by 12.5 percent. The company reported quarterly sales of $184.531 million which missed the analyst consensus estimate of $193.906 million by 4.83 percent. This is a 5.68 percent decrease over sales of $195.636 million the same period last year.

Earnings Beats

Earnings Misses

Martin Midstream Partners Q2 2024 GAAP EPS $0.09 Beats $0.08 Estimate, Sales $184.531M Miss $193.906M Estimate

Martin Resource Management Corporation Reiterates It Is Interested Only In Acquiring All Outstanding Common Units Of MMLP And Has No Interest In Selling Interests In MMLP Or The General Partner

Martin Midstream shares are trading higher after Nut Tree Capital Management and Caspian reiterated their non-binding proposal to acquire the company.

Nut Tree and Caspian Offer Represents a 31% Premium – and a Highly Compelling Alternative – to Martin Resource Management Corporation's Below Market and Conflict-Ridden Proposal
Nut Tree and Caspian Are Making Offer Public After Conflicts Committee of the Board of Martin Midstream's General Partner Has Refused to Engage
Nut Tree and Caspian Have Advisors in Place and Are Prepared to Commence Expedited Due Diligence; Offer is Not Subject to a Financing Condition
Nut Tree and Caspian Will Consider all Available Alternatives if Conflicts Committee Refuses to Meaningfully Engage
NEW YORK, July 11, 2024 /PRNewswire/ --&nbsp;Nut Tree Capital Management LP ("Nut Tree") and Caspian Capital LP ("Caspian"), today announced they sent a letter to the Conflicts Committee of the Board of Directors (the "Committee") of Martin Midstream GP LLC (the "General Partner") in which Nut Tree and Caspian reiterated their non-binding proposal made on June 21, 2024 to acquire Martin Midstream Partners L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) ("MMLP") for $4.00 per MMLP common unit in cash (the "Proposal").
The Proposal represents a 31% premium over the $3.05 per common unit offer made by Martin Resource Management Corporation ("MRMC") on May 24, 2024, and 23% over the closing price of the common units on July 9, 2024.

Nut Tree Capital Management And Caspian Capital Propose To Acquire Martin Midstream Partners L.P. For $4.00 Per Common Unit In Cash

On June 15, 2024, Martin Midstream Partners became aware of a spill of approximately 2,000 barrels of crude oil originating from the Partnership&#39;s transfer pipeline which connects our Sandyland Terminal to the Smackover Refinery in Smackover, Union County, Arkansas.
The Partnership is working closely with the Environmental Protection Agency (&quot;EPA&quot;), Arkansas Department of Energy and Environment, and Arkansas Game and Fish Commission to respond to the spill.
As of June 23, 2024, clean-up efforts have recovered approximately 1,250 barrels of crude oil and efforts are on-going under a Unified Command structure led by the EPA.

Martin Midstream Partners Says On On June 15, 2024, It Became Aware Of A Spill Of Approximately 2,000 Barrels Of Crude Oil Originating From Its Transfer Pipeline

Martin Midstream Partners Announces Martin Resource Management Corporation Filed Schedule 13D Amendment, Proposing To Acquire All Outstanding Common Units Not Owned By MRMC For $3.05 Per Unit In Cash

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.07 by 14.29 percent. The company reported quarterly sales of $180.830 million which missed the analyst consensus estimate of $198.797 million by 9.04 percent. This is a 26.05 percent decrease over sales of $244.529 million the same period last year.

Martin Midstream Partners Q1 2024 GAAP EPS $0.08 Beats $0.07 Estimate, Sales $180.830M Miss $198.797M Estimate

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This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 17, 2024

Guidance

Martin Midstream Partners Releases 2024 Adjusted EBITDA Guidance Of $116.1M, Growth Capital Expenditures Of $17.4M, Maintenance Capital Expenditures Of $32M

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) reported quarterly earnings of $0.02 per share. The company reported quarterly sales of $181.10 million which beat the analyst consensus estimate of $177.85 million by 1.83 percent. This is a 25.60 percent decrease over sales of $243.40 million the same period last year.

Martin Midstream Partners Q4 2023 GAAP EPS $0.02, Sales $181.10M Beat $177.85M Estimate

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Earnings Scheduled For February 14, 2024

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-14. Here's what investors need to know before the announcement.
Analysts estimate that Martin Midstream Partners will report an earnings per share (EPS) of $-0.04. 
Martin Midstream Partners bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Martin Midstream Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.03</td>
<td>0.03</td>
<td>-0.13</td>
<td>-0.01</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.73%</td>
<td>-3.46%</td>
<td>2.42%</td>
<td>-4.17%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Martin Midstream Partners were trading at $2.24 as of February 12. Over the last 52-week period, shares are down 20.38%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MMLP/earnings">To track all earnings releases for Martin Midstream Partners visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Martin Midstream Partners

The Dow Jones closed higher by over 550 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Martin Midstream Partners </h3>
<ul>
<li>The Trade: Martin Midstream Partners LP (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mmlp#NASDAQ">MMLP</a>) Director Ruben S Martin <a href="https://www.benzinga.com/quote/MMLP/analyst-ratings"> acquired a total of 12,000 shares </a> an average price of $2.50. To acquire these shares, it cost around $29,958.</li>
<li>What&rsquo;s Happening: Martin Midstream Partners posted a narrower loss for the third quarter.</li>
<li>What Martin Midstream Partners Does: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region.</li>
</ul>
<h3>Socket Mobile</h3>
<ul>
<li>The Trade: Socket Mobile Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sckt#NASDAQ">SCKT</a>) Director Charlie Bass <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 5,000 shares </a> at an average price of $1.00. To acquire these shares, it cost around $5,018.</li>
<li>What&rsquo;s Happening: Socket Mobile posted a wider-than-expected third-quarter loss.</li>
<li>What Socket Mobile Does: Socket Mobile Inc is a producer of data capture products. The company&#39;s products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/23/11/35584496/apple-skyworks-solutions-and-3-stocks-to-watch-heading-into-friday"> Apple, Skyworks Solutions And 3 Stocks To Watch Heading Into Friday </a>
<h3>Butler National </h3>
<ul>
<li>The Trade: Butler National Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/buks#OTC">BUKS</a>) 10% owner Joseph Patrick Daly <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 30,000 shares </a> at an average price of $0.68. The insider spent around $20,390 to buy those shares.</li>
<li>What&rsquo;s Happening: Butler National disclosed the acquisition of KC Machine, a recognized provider of high-quality precision machine parts.</li>
<li>What Butler National Does: Butler National Corp is engaged in designing, manufacturing and selling, installing, repairing, modifying, overhauling, servicing and distributing a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.</li>
</ul>
&nbsp;
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

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Socket Mobile And 2 Other Stocks Under $3 Insiders Are Buying

Ruben S Martin, Board Member at Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>), reported a large insider buy on October 30, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001176334/000117633423000201//Archives/edgar/data/1176334/000117633423000201/0001176334-23-000201-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Martin purchased 69,300 shares of Martin Midstream Partners. The total transaction amounted to $169,790. 
Martin Midstream Partners shares are trading up 4.02% at $2.63 at the time of this writing on Tuesday morning.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001176334">Check Out The Full List Of Martin Midstream Partners's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Board Member of Martin Midstream Partners Makes $169K Buy

Martin Midstream Partners declares $0.005 dividend

Martin Midstream Partners L.P. (MMLP) Q2 2024 Earnings Call Transcript

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Brent crude sinks to eight-month low as lackluster U.S. jobs report fuels demand worries

Martin Midstream Partners: Increased Bid Likely Needed From Martin Resource Management

Martin Midstream ( ($MMLP) ) has provided an announcement. Martin Midstream Partners L.P. has announced a definitive merger with Martin Resource Ma...

Martin Midstream's Strategic Merger and Investor Offer

Martin Midstream Partners to be bought by Martin Resource for $4.02/unit

In a report released today, Selman Akyol from Stifel Nicolaus maintained a Hold rating on Martin Midstream (MMLP – Research Report), with a price t...

Stifel Nicolaus Reaffirms Their Hold Rating on Martin Midstream (MMLP)

Midstream Energy - Relative Quality

ALTMW

AMTX

ASPI

BOIL

CAPL

CTRI

DRIP

EBBGF

EBBNF

EBGEF

EBRGF

ENBFF

ENBGF

ENBHF

ENBMF

ENBNF

ENBOF

ENBRF

ENLC

ENNPF

EPDU

GBNXF

GTLS

GUSH

HESM

KNTK

KOLD

MPLX

MPLXP

PAGP

PKCPY

TCANF

TCENF

TCEYF

TCNCF

TNCAF

TPIC

TRGP

TRPPF

TRPRF

USOI

VNOM

VOPKF

WAVE

Press Releases

Martin Midstream Partners L.P. Receives Buyout Offer from Martin Resource Management Corporation

Martin Midstream Partners Statement on Crude Oil Pipeline Spill

Martin Midstream Partners L.P. 2023 Schedule K-3 Forms Now Available

Martin Midstream Partners L.P. Sets Date for Release of Second Quarter 2024 Financial Results and Conference Call

Commodities

Nut Tree Capital Management and Caspian Capital Propose to Acquire Martin Midstream Partners L.P. for $4.00 Per Common Unit in Cash

Martin Resource Management Corporation Issues Comment to Nut Tree Capital and Caspian Capital Proposal

Martin Midstream Partners Reports Second Quarter 2024 Financial Results and Declares Quarterly Cash Distribution

Nut Tree Capital Management and Caspian Capital Send Letter Highlighting Grossly Conflicted Conflicts Committee of the Martin Midstream GP LLC Board of Directors

Nut Tree Capital Management and Caspian Capital Increase Offer to Purchase Martin Midstream Partners L.P. to $4.50 per Common Unit In Cash

Martin Midstream Partners L.P. to be Acquired by Martin Resource Management Corporation

Comments

Martin Midstream Partners

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BENZINGA MONDIAL