Martin Midstream Partners Stock (NASDAQ: MMLP)

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

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Amplify Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPY#NYSE">AMPY</a>)</h3>
<ul>
<li>On April 15, Amplify Energy and Juniper Capital announced amendment to the merger agreement. Martyn Willsher, Amplify&#8217;s President and Chief Executive Officer, said, &#8220;These amended terms reflect each party&#8217;s belief in the long-term value creation of this proposed transaction and our commitment to shareholder engagement. This transaction has been thoroughly considered alongside a wide range of options by our board of directors, and we continue to believe that this combination is the best path for shareholders to realize the value they deserve.&#8221; The company's stock fell around 37% over the past month and has a 52-week low of $2.27.</li>
<li>RSI Value: 29.6</li>
<li>AMPY Price Action: Shares of Amplify Energy fell 2.5% to close at $2.39 on Wednesday.</li>
<li>Edge Stock Ratings: 5.46 Momentum score with Value at 97.58. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/AMPY"><img loading="lazy" decoding="async" width="496" height="172" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054342/image-144.png" alt="" class="wp-image-886126" style="width:407px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054342/image-144.png 496w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054342/image-144-300x104.png 300w" sizes="(max-width: 496px) 100vw, 496px" /></a></figure>
<h3 class="wp-block-heading">Martin Midstream Partners LP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On April 16, Martin Midstream Partners reported a quarterly loss of 3 cents per share. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership, stated, &#8220;The Partnership had a good start to 2025 as we generated adjusted EBITDA of $27.8 million in the first quarter. We are maintaining our full year adjusted EBITDA guidance of $109.1 million but are cautious as geopolitical uncertainty and trade tensions may impact our customers and the refineries we serve.&#8221; The company's stock fell around 26% over the past month and <a href="https://www.benzinga.com/quote/MMLP">has a 52-week low</a> of $2.50.</li>
<li>RSI Value: 29.6</li>
<li>MMLP Price Action: Shares of Martin Midstream Partners gained 1.5% to close at $2.72 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0424">MMLP stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0424"><img loading="lazy" decoding="async" width="916" height="816" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054536/image-145.png" alt="" class="wp-image-886134" style="width:551px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054536/image-145.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054536/image-145-300x267.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054536/image-145-768x684.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Geospace Technologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>)</h3>
<ul>
<li>Geospace Technologies will release second quarter 2025 and six-month financial results on Thursday, May 8, after the closing bell. The company's stock fell around 20% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/GEOS">low of $5.77.</a></li>
<li>RSI Value: 29</li>
<li>GEOS Price Action: Shares of Geospace Technologies fell 1.3% to close at $6.01 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0424">breakout in GEOS shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0424"><img loading="lazy" decoding="async" width="888" height="820" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054638/image-146.png" alt="" class="wp-image-886137" style="width:522px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054638/image-146.png 888w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054638/image-146-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24054638/image-146-768x709.png 768w" sizes="(max-width: 888px) 100vw, 888px" /></a></figure>
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and s<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ee how they compare.</a> 
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Photo via Shutterstock

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Top 3 Energy Stocks That Could Lead To Your Biggest Gains In April

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) reported quarterly losses of $(0.03) per share. This is a 137.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported $192.54 million in sales this quarter. This is a 6.48 percent increase over sales of $180.83 million the same period last year.

Earnings

Martin Midstream Partners Q1 EPS $(0.03) Down From $0.08 YoY, Sales $192.54M Up From $180.83M YoY

<h3>Companies Reporting Before The Bell</h3>
• ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is estimated to report quarterly earnings at $5.76 per share on revenue of $7.76 billion. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $181.63 million. 
• First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $821.85 million. 
• Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) is projected to report quarterly earnings at $1.67 per share on revenue of $2.52 billion. 
• Commerce Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBSH#NASDAQ">CBSH</a>) is likely to report quarterly earnings at $0.94 per share on revenue of $419.70 million. 
• Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) is estimated to report quarterly earnings at $4.81 per share on revenue of $21.62 billion. 
• Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is expected to report quarterly earnings at $1.38 per share on revenue of $1.94 billion. 
• Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is estimated to report quarterly earnings at $1.07 per share on revenue of $10.39 billion. 
• Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $10.81 billion. 
• U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $6.91 billion. 
• Wipro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $2.67 billion. 
• Air Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIRI#AMEX">AIRI</a>) is projected to report quarterly loss at $0.11 per share on revenue of $13.50 million. 
• Currenc Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) is expected to report quarterly loss at $0.05 per share on revenue of $9.80 million. 
• CBL International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANL#NASDAQ">BANL</a>) is likely to report earnings for its Fiscal Year 2024. 
• Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) is projected to report quarterly earnings at $0.75 per share on revenue of $1.94 billion. 
<h3>Companies Reporting After The Bell</h3>
• Synovus Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $570.04 million. 
• Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $948.46 million. 
• First Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $177.05 million. 
• Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is estimated to report quarterly earnings at $0.72 per share on revenue of $141.94 million. 
• Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) is estimated to report quarterly earnings at $1.37 per share on revenue of $3.46 billion. 
• Triumph Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $104.54 million. 
• Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) is projected to report quarterly earnings at $0.36 per share on revenue of $4.03 billion. 
• Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $227.96 million. 
• SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is likely to report quarterly earnings at $1.27 per share on revenue of $140.66 million. 
• F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $409.66 million. 
• Rexford Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $239.63 million. 
• Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) is estimated to report quarterly earnings at $1.41 per share on revenue of $403.20 million. 
• CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $3.46 billion. 
• Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) is likely to report quarterly earnings at $0.36 per share on revenue of $209.07 million. 
• Home BancShares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOMB#NYSE">HOMB</a>) is projected to report quarterly earnings at $0.54 per share on revenue of $255.22 million. 
• Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) is likely to report earnings for its first quarter. 
• Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) is estimated to report quarterly earnings at $1.22 per share on revenue of $159.67 million. 
• Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is likely to report quarterly earnings at $1.27 per share on revenue of $55.53 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For April 16, 2025

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) reported quarterly losses of $(0.22) per share. This is a 1200 percent decrease over earnings of $0.02 per share from the same period last year. The company reported $171.327 million in sales this quarter. This is a 5.40 percent decrease over sales of $181.101 million the same period last year.

Martin Midstream Partners Q4 2024 GAAP EPS $(0.22) Down From $0.02 YoY, Sales $171.327M Down From $181.101M YoY

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Earnings Scheduled For February 12, 2025

The Merger Agreement was terminated by the mutual written consent of MRMC and MMLP. MMLP will continue to operate as a standalone publicly traded company.

Martin Midstream Partners Reports Termination Of Previously Announced Agreement And Plan Of Merger With Martin Resource Management

Martin Midstream Partners L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) ("MMLP") today issued the following statement in response to the press release issued by Nut Tree Capital Management and Caspian Capital:
The Conflicts Committee (the "Conflicts Committee") of the Board of Directors (the "GP Board") of Martin Midstream GP LLC, the general partner of MMLP (the "General Partner"), which consists of three independent directors, conducted a thorough nine-month evaluation with the support of independent legal and financial advisors and was diligent about the best path forward for MMLP, including actively considering proposals submitted by Nut Tree Capital Management and Caspian Capital. Following extensive negotiations, the Conflicts Committee unanimously and in good faith determined that the merger transaction with Martin Resource Management Corporation ("MRMC") is fair and reasonable to, and in the best interests of, MMLP and the unaffiliated holders of the MMLP common units.
The transaction provides an attractive premium valuation to MMLP unitholders, whereby each holder of the common units other than MRMC and its subsidiaries would receive $4.02 per common unit owned, representing a 34.00% premium to the market closing price prior to MRMC's initial proposal made on May 24, 2024, and an 11.33% premium to the trailing 30-trading day volume-weighted average price as of October 3, 2024, the date the merger agreement was executed.

Management

Martin Midstream Partners L.P. Issues Statement Reaffirming Commitment To Pending Transaction; Says "The Conflicts Committee Unanimously And In Good Faith Determined That The Merger Transaction With Martin Resource Management Corp Is Fair And Reasonable To, And In The Best Interests Of, MMLP And The Unaffiliated Holders Of The MMLP Common Units"

Nut Tree and Caspian Believe Proposed Sale Significantly Undervalues MMLP and its Future Prospects
Nut Tree and Caspian Intend to File a Proxy Statement and Solicit Proxies to Vote "AGAINST" the Proposed Sale
Nut Tree and Caspian Launch <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283583-1&amp;h=1596515816&amp;u=http%3A%2F%2Fwww.protectmmlpvalue.com%2F&amp;a=www.ProtectMMLPValue.com">www.ProtectMMLPValue.com</a>
NEW YORK, Oct. 22, 2024 /PRNewswire/ -- Nut Tree Capital Management L.P. ("Nut Tree") and Caspian Capital L.P. ("Caspian"), today announced that they intend to oppose the proposed sale of Martin Midstream Partners L.P. ("MMLP" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) to Martin Resource Management Corporation ("MRMC"), an affiliate of the Company's General Partner, for $4.02 per MMLP common unit not already owned by MRMC. Nut Tree and Caspian have combined economic exposure in the Company of approximately 13.2% of the outstanding common units through certain cash-settled derivative agreements and are aligned with MMLP unitholders who are unaffiliated with MRMC in seeking to protect the long-term value of the Company.
Nut Tree and Caspian believe that the proposed sale price significantly undervalues the Company and its prospects, and that if the merger is completed on its current terms, MRMC will receive significant upside for itself that rightfully belongs to all MMLP unitholders. Nut Tree and Caspian intend to file a proxy statement with the Securities and Exchange Commission and solicit votes "AGAINST" the proposed transaction at the Company's upcoming special meeting to be held to approve the related merger agreement.&nbsp;
Additional information can be found at <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283583-1&amp;h=1596515816&amp;u=http%3A%2F%2Fwww.protectmmlpvalue.com%2F&amp;a=www.ProtectMMLPValue.com">www.ProtectMMLPValue.com</a>.

Nut Tree Capital Management And Caspian Capital Oppose Martin Midstream Partners L.P. Sale To Martin Resource Management Corporation; Believes Proposed Sale Significantly Undervalues MMLP And Its Future Prospects

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $(0.03) by 166.67 percent. This is a 166.67 percent decrease over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $170.93 million which missed the analyst consensus estimate of $176.43 million by 3.12 percent. This is a 3.26 percent decrease over sales of $176.70 million the same period last year.

Earnings Misses

Martin Midstream Partners Q3 EPS $(0.08) Misses $(0.03) Estimate, Sales $170.93M Miss $176.43M Estimate

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, 2024-10-16. Here's what investors need to know before the announcement.
Analysts estimate that Martin Midstream Partners will report an earnings per share (EPS) of $-0.03. 
The announcement from Martin Midstream Partners is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Martin Midstream Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.08</td>
<td>0.07</td>
<td>-0.04</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.09</td>
<td>0.08</td>
<td>0.02</td>
<td>-0.03</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-3.0%</td>
<td>9.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<h3>Market Performance of Martin Midstream Partners's Stock</h3>
Shares of Martin Midstream Partners were trading at $4.0 as of October 14. Over the last 52-week period, shares are up 72.0%. Given that these returns are generally positive, long-term shareholders are likely bullish 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.

Martin Midstream Partners Earnings Preview

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>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<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>
Check This Out: 
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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>
</ul>
Photo courtesy: Shutterstock

APOG

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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

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

Press Releases

Nut Tree Capital Management and Caspian Capital Send Letter to Unitholders Reiterating Why Martin Midstream Partners L.P. Unitholders Should Vote "AGAINST" the Value Destructive Merger with Martin Resource Management Corp.

Leading Independent Proxy Advisory Firm ISS Recommends MMLP Unitholders Vote "FOR" the Transaction with MRMC

Leading Independent Proxy Advisory Firm Glass Lewis Joins Institutional Shareholder Services in Recommending MMLP Unitholders Vote "FOR" the Transaction with MRMC

Martin Midstream Partners L.P. Announces Termination of Merger Agreement and Cancellation of Special Meeting

Martin Midstream Partners Announces Quarterly Cash Distribution

Martin Midstream Partners L.P. Sets Date for Release of Fourth Quarter 2024 Financial Results

Martin Midstream Partners Reports Fourth Quarter and Full Year 2024 Financial Results and Releases 2025 Guidance

Caspian Capital Issues Statement on Martin Midstream Partners L.P.

Martin Midstream Partners L.P. Sets Date for Release of First Quarter 2025 Financial Results

Martin Midstream Partners Reports First Quarter 2025 Financial Results and Declares Quarterly Cash Distribution

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