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Martin Midstream Partners

Nasdaq:MMLP
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MMLP
Nasdaq
$399M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The last earnings update was 58 days ago. More info.


Add to Portfolio Compare Print
  • Martin Midstream Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Martin Midstream Partners has significant price volatility in the past 3 months.
MMLP Share Price and Events
7 Day Returns
-14.7%
NasdaqGS:MMLP
0.5%
US Oil and Gas
0.8%
US Market
1 Year Returns
-31.4%
NasdaqGS:MMLP
-5.8%
US Oil and Gas
5.9%
US Market
MMLP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Martin Midstream Partners (MMLP) -14.7% -17.6% -18.7% -31.4% -53.9% -75.6%
US Oil and Gas 0.5% 2.6% 7.7% -5.8% 5.3% -27.4%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • MMLP underperformed the Oil and Gas industry which returned -5.8% over the past year.
  • MMLP underperformed the Market in United States of America which returned 5.9% over the past year.
Price Volatility
MMLP
Industry
5yr Volatility vs Market

MMLP Value

 Is Martin Midstream Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Martin Midstream Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Martin Midstream Partners.

NasdaqGS:MMLP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:MMLP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.932 (1 + (1- 21%) (164.49%))
1.766
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.77
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.766 * 5.96%)
13.25%

Discounted Cash Flow Calculation for NasdaqGS:MMLP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Martin Midstream Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:MMLP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.25%)
2019 40.62 Est @ -17.4% 35.87
2020 36.01 Est @ -11.36% 28.07
2021 33.44 Est @ -7.14% 23.02
2022 32.04 Est @ -4.18% 19.48
2023 31.37 Est @ -2.1% 16.84
2024 31.16 Est @ -0.65% 14.77
2025 31.28 Est @ 0.36% 13.09
2026 31.61 Est @ 1.07% 11.68
2027 32.11 Est @ 1.57% 10.47
2028 32.72 Est @ 1.92% 9.43
Present value of next 10 years cash flows $182.71
NasdaqGS:MMLP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $32.72 × (1 + 2.73%) ÷ (13.25% – 2.73%)
$319.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $319.42 ÷ (1 + 13.25%)10
$92.01
NasdaqGS:MMLP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $182.71 + $92.01
$274.72
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $274.72 / 39.05
$7.04
NasdaqGS:MMLP Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.04
Current discount Discount to share price of $10.22
= -1 x ($10.22 - $7.04) / $7.04
-45.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Martin Midstream Partners is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Martin Midstream Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Martin Midstream Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MMLP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.22
NasdaqGS:MMLP Share Price ** NasdaqGS (2019-04-18) in USD $10.22
United States of America Oil and Gas Industry PE Ratio Median Figure of 107 Publicly-Listed Oil and Gas Companies 12.27x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Martin Midstream Partners.

NasdaqGS:MMLP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MMLP Share Price ÷ EPS (both in USD)

= 10.22 ÷ -0.22

-46.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Martin Midstream Partners is loss making, we can't compare its value to the US Oil and Gas industry average.
  • Martin Midstream Partners is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Martin Midstream Partners's expected growth come at a high price?
Raw Data
NasdaqGS:MMLP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -46.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
27.9%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.59x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Martin Midstream Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Martin Midstream Partners's assets?
Raw Data
NasdaqGS:MMLP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $6.61
NasdaqGS:MMLP Share Price * NasdaqGS (2019-04-18) in USD $10.22
United States of America Oil and Gas Industry PB Ratio Median Figure of 191 Publicly-Listed Oil and Gas Companies 1.15x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
NasdaqGS:MMLP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MMLP Share Price ÷ Book Value per Share (both in USD)

= 10.22 ÷ 6.61

1.55x

* Primary Listing of Martin Midstream Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Martin Midstream Partners is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Martin Midstream Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Martin Midstream Partners has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MMLP Future Performance

 How is Martin Midstream Partners expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Martin Midstream Partners expected to grow at an attractive rate?
  • Martin Midstream Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Martin Midstream Partners's earnings growth is expected to exceed the United States of America market average.
  • Martin Midstream Partners's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MMLP Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MMLP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 27.9%
NasdaqGS:MMLP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.7%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:MMLP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MMLP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 30
2022-12-31 30
2021-12-31 30
2020-12-31 1,070 29 2
2019-12-31 1,038 29 2
NasdaqGS:MMLP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 973 91 -9
2018-09-30 1,026 72 13
2018-06-30 1,000 80 8
2018-03-31 977 66 16
2017-12-31 946 68 13
2017-09-30 877 77 13
2017-06-30 859 82 31
2017-03-31 855 122 25
2016-12-31 827 111 18
2016-09-30 845 131 8
2016-06-30 896 153 9
2016-03-31 957 181 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Martin Midstream Partners's earnings are expected to grow significantly at over 20% yearly.
  • Martin Midstream Partners's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:MMLP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Martin Midstream Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MMLP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.76 0.76 0.76 1.00
2022-12-31 0.75 0.75 0.75 1.00
2021-12-31 0.82 0.89 0.75 2.00
2020-12-31 0.73 0.84 0.60 3.00
2019-12-31 0.73 0.77 0.70 3.00
NasdaqGS:MMLP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.22
2018-09-30 0.34
2018-06-30 0.21
2018-03-31 0.42
2017-12-31 0.33
2017-09-30 0.36
2017-06-30 0.84
2017-03-31 0.69
2016-12-31 0.52
2016-09-30 0.24
2016-06-30 0.25
2016-03-31 0.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Martin Midstream Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Martin Midstream Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Martin Midstream Partners has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MMLP Past Performance

  How has Martin Midstream Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Martin Midstream Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Martin Midstream Partners does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Martin Midstream Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Martin Midstream Partners's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Martin Midstream Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Martin Midstream Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MMLP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 972.66 -8.51 37.68
2018-09-30 1,025.56 13.22 38.47
2018-06-30 999.64 7.97 38.36
2018-03-31 977.00 16.03 38.70
2017-12-31 946.12 12.62 38.76
2017-09-30 877.28 13.39 37.84
2017-06-30 858.69 30.80 36.90
2017-03-31 855.11 24.76 36.14
2016-12-31 827.39 18.49 34.32
2016-09-30 844.86 8.47 34.65
2016-06-30 896.35 8.74 35.26
2016-03-31 957.10 20.62 36.15
2015-12-31 1,036.84 20.69 36.79
2015-09-30 1,159.46 20.72 35.60
2015-06-30 1,310.52 -3.77 37.10
2015-03-31 1,462.69 -10.23 36.67
2014-12-31 1,642.14 -9.84 36.32
2014-09-30 1,726.41 -52.25 35.78
2014-06-30 1,708.94 -26.93 32.83
2014-03-31 1,663.86 -18.40 30.60
2013-12-31 1,612.74 -14.26 29.24
2013-09-30 1,605.59 34.87 28.93
2013-06-30 1,600.06 42.03 27.50
2013-03-31 1,575.72 36.82 26.75
2012-12-31 1,490.36 27.75 25.49
2012-09-30 1,478.12 11.10 24.70
2012-06-30 1,411.63 5.79 24.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Martin Midstream Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Martin Midstream Partners used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Martin Midstream Partners improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Martin Midstream Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Martin Midstream Partners has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MMLP Health

 How is Martin Midstream Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Martin Midstream Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Martin Midstream Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Martin Midstream Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Martin Midstream Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Martin Midstream Partners Company Filings, last reported 3 months ago.

NasdaqGS:MMLP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 264.71 656.46 0.24
2018-09-30 284.89 698.68 3.19
2018-06-30 264.70 831.93 0.61
2018-03-31 291.19 795.14 0.18
2017-12-31 298.24 812.63 0.03
2017-09-30 298.88 829.99 0.02
2017-06-30 334.68 780.36 0.03
2017-03-31 353.21 750.74 0.04
2016-12-31 312.01 808.11 0.02
2016-09-30 310.91 913.50 0.01
2016-06-30 343.89 878.89 0.03
2016-03-31 377.08 873.61 0.05
2015-12-31 393.88 865.21 0.03
2015-09-30 419.57 876.41 0.01
2015-06-30 448.59 840.16 0.02
2015-03-31 470.02 849.37 0.04
2014-12-31 485.67 888.89 0.04
2014-09-30 510.29 910.62 3.06
2014-06-30 386.73 692.17 2.70
2014-03-31 256.09 643.77 4.37
2013-12-31 260.42 658.70 16.54
2013-09-30 320.81 651.18 0.05
2013-06-30 341.89 568.19 0.02
2013-03-31 353.94 523.19 0.05
2012-12-31 357.96 478.20 5.16
2012-09-30 410.25 256.18 0.03
2012-06-30 357.10 453.18 0.11
  • Martin Midstream Partners's level of debt (248%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (252.9% vs 248% today).
  • Debt is not well covered by operating cash flow (13.8%, less than 20% of total debt).
  • Martin Midstream Partners is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Martin Midstream Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Martin Midstream Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MMLP Dividends

 What is Martin Midstream Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
19.57%
Current annual income from Martin Midstream Partners dividends. Estimated to be 18.34% next year.
If you bought $2,000 of Martin Midstream Partners shares you are expected to receive $391 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Martin Midstream Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Martin Midstream Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:MMLP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:MMLP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.11 2.00
2022-12-31 2.07 2.00
2021-12-31 2.03 2.00
2020-12-31 1.68 5.00
2019-12-31 1.84 5.00
NasdaqGS:MMLP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-17 2.000 15.924
2018-10-18 2.000 17.579
2018-07-19 2.000 16.689
2018-04-19 2.000 13.851
2018-01-18 2.000 13.761
2017-10-19 2.000 13.739
2017-07-20 2.000 11.572
2017-04-20 2.000 10.824
2017-01-19 2.000 10.452
2016-10-20 2.000 11.245
2016-07-21 3.250 15.663
2016-04-21 3.250 14.314
2016-01-21 3.250 18.513
2015-10-28 3.250 14.889
2015-07-23 3.250 11.720
2015-04-23 3.250 9.635
2015-01-22 3.250 9.955
2014-10-23 3.250 10.494
2014-07-24 3.170 8.387
2014-04-23 3.150 7.704
2014-01-23 3.140 7.327
2013-10-24 3.130 7.107
2013-07-25 3.120 6.840
2013-04-25 3.100 7.082
2013-01-24 3.080 8.462
2012-10-25 3.080 9.568
2012-07-27 3.050 8.850
2012-04-24 3.050 9.225
2012-01-26 3.050 8.788
2011-10-26 3.050 8.815
2011-07-26 3.050 8.866
2011-04-26 3.050 7.932
2011-01-24 3.040 7.634
2010-10-26 3.000 8.029
2010-07-27 3.000 9.479
2010-04-27 3.000 9.875
2010-01-21 3.000 9.536
2009-10-27 3.000 10.339
2009-07-28 3.000 11.491
2009-04-28 3.000 14.755
2009-04-20 3.000 15.999

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Martin Midstream Partners's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.4x coverage).
X
Income/ dividend checks
We assess Martin Midstream Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Martin Midstream Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Martin Midstream Partners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MMLP Management

 What is the CEO of Martin Midstream Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ruben Martin
COMPENSATION $2,580,326
AGE 66
TENURE AS CEO 16.8 years
CEO Bio

Mr. Ruben S. Martin, III serves as the President and Chief Executive Officer of Martin Resource Management Corporation, an affiliate of Cross Oil Refining & Marketing, Inc. since 1981. Mr. Martin has been the Chief Executive Officer and President of Martin Midstream GP LLC, the General Partner of Martin Midstream Partners LP since June 2002. He has been Director of Martin Midstream GP LLC since June 2002. He served as the President of CF Martin Sulphur LLC since 2000. Mr. Martin holds a Bachelor's of Science Degree in Industrial Management from the University of Arkansas.

CEO Compensation
  • Ruben's compensation has increased whilst company is loss making.
  • Ruben's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Martin Midstream Partners management team in years:

13.2
Average Tenure
54.5
Average Age
  • The average tenure for the Martin Midstream Partners management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ruben Martin

TITLE
President
COMPENSATION
$3M
AGE
66
TENURE
16.8 yrs

Bob Bondurant

TITLE
Executive VP
COMPENSATION
$2M
AGE
59
TENURE
16.8 yrs

Randy Tauscher

TITLE
Executive VP & COO of Martin Midstream GP LLC
COMPENSATION
$1M
AGE
52
TENURE
7.9 yrs

Chris Booth

TITLE
Chief Legal Officer
COMPENSATION
$749K
AGE
48
TENURE
13.2 yrs

Scot Shoup

TITLE
Senior Vice President of Operations - Martin Midstream GP LLC
COMPENSATION
$501K
AGE
57

Sharon Taylor

TITLE
Head of Investor Relations

Melanie Mathews

TITLE
Vice President of Human Resources

Matt Yost

TITLE
Senior Vice President of Terminalling and Engineering for Martin Midstream GP LLC
AGE
35
TENURE
8.9 yrs

T. King

TITLE
Senior Vice President of Shore Bases for Martin Midstream GP LLC
Board of Directors Tenure

Average tenure and age of the Martin Midstream Partners board of directors in years:

5.7
Average Tenure
63
Average Age
  • The tenure for the Martin Midstream Partners board of directors is about average.
Board of Directors

Ruben Martin

TITLE
President
COMPENSATION
$3M
AGE
66
TENURE
16.8 yrs

Bob Bondurant

TITLE
Executive VP
COMPENSATION
$2M
AGE
59
TENURE
4.5 yrs

C. Massey

TITLE
Independent Director of Martin Midstream GP LLC
COMPENSATION
$140K
AGE
65
TENURE
16.8 yrs

Jim Collingsworth

TITLE
Independent Director of Martin Midstream GP LLC
COMPENSATION
$140K
AGE
63
TENURE
4.5 yrs

Byron Kelley

TITLE
Independent Director of Martin Midstream GP LLC
COMPENSATION
$140K
AGE
70
TENURE
6.7 yrs

Sean Dolan

TITLE
Director of Martin Midstream GP LLC
AGE
44
TENURE
5.7 yrs

Zach Stanton

TITLE
Director of Martin Midstream GP LLC
AGE
42
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Martin Midstream Partners insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Feb 19 Buy Ruben Martin Individual 20. Feb 19 20. Feb 19 66 $12.60 $835
21. Feb 19 Buy Chris Booth Individual 20. Feb 19 20. Feb 19 8 $12.60 $102
21. Feb 19 Buy Randall Tauscher Individual 20. Feb 19 20. Feb 19 416 $12.60 $5,248
21. Feb 19 Buy Robert Bondurant Individual 20. Feb 19 20. Feb 19 693 $12.60 $8,731
25. Jan 19 Buy Ruben Martin Individual 25. Jan 19 25. Jan 19 804 $13.00 $10,454
25. Jan 19 Buy Robert Bondurant Individual 25. Jan 19 25. Jan 19 523 $13.00 $6,802
19. Nov 18 Buy Chris Booth Individual 19. Nov 18 19. Nov 18 9 $11.52 $98
19. Nov 18 Buy Ruben Martin Individual 19. Nov 18 19. Nov 18 36 $11.52 $416
19. Nov 18 Buy Randall Tauscher Individual 19. Nov 18 19. Nov 18 437 $11.52 $5,029
19. Nov 18 Buy Robert Bondurant Individual 19. Nov 18 19. Nov 18 705 $11.52 $8,117
11. Oct 18 Buy Ruben Martin Individual 11. Oct 18 11. Oct 18 752 $11.87 $8,927
11. Oct 18 Buy Robert Bondurant Individual 11. Oct 18 11. Oct 18 491 $11.87 $5,830
17. Aug 18 Buy Chris Booth Individual 16. Aug 18 16. Aug 18 8 $12.11 $94
17. Aug 18 Buy Ruben Martin Individual 16. Aug 18 16. Aug 18 178 $12.11 $2,151
17. Aug 18 Buy Randall Tauscher Individual 16. Aug 18 16. Aug 18 399 $12.11 $4,830
17. Aug 18 Buy Robert Bondurant Individual 16. Aug 18 16. Aug 18 624 $12.11 $7,559
18. Jul 18 Buy Ruben Martin Individual 16. Jul 18 16. Jul 18 1,186 $13.79 $16,366
18. Jul 18 Buy Robert Bondurant Individual 16. Jul 18 16. Jul 18 493 $13.79 $6,802
11. Jun 18 Sell Scot Shoup Individual 08. Jun 18 08. Jun 18 -1,602 $14.79 $-23,706
08. Jun 18 Buy Ruben Martin Individual 07. Jun 18 07. Jun 18 150,000 $14.90 $2,235,000
08. Jun 18 Sell Martin Resource Management Corporation Company 07. Jun 18 07. Jun 18 -150,000 $14.90 $-2,235,000
18. May 18 Buy Chris Booth Individual 17. May 18 17. May 18 6 $14.78 $91
18. May 18 Buy Ruben Martin Individual 17. May 18 17. May 18 102 $14.78 $1,507
18. May 18 Buy Randall Tauscher Individual 17. May 18 17. May 18 316 $14.78 $4,672
18. May 18 Buy Scot Shoup Individual 17. May 18 17. May 18 52 $14.78 $775
18. May 18 Buy Robert Bondurant Individual 17. May 18 17. May 18 479 $14.78 $7,073
X
Management checks
We assess Martin Midstream Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Martin Midstream Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MMLP News

Simply Wall St News

How Confident Are Insiders About Martin Midstream Partners LP (NASDAQ:MMLP)?

Martin Midstream Partners's insiders have invested. … It is widely considered that insider buying stock in their own companies is potentially a bullish signal … A research published in The MIT Press (1998) concluded that stocks following insider buying outperformed the market by 4.5%

Simply Wall St -

Is Martin Midstream Partners LP (NASDAQ:MMLP) A Sell At Its Current PE Ratio?

and want to begin learning the link between Martin Midstream Partners LP (NASDAQ:MMLP)’s fundamentals and stock market performance. … Martin Midstream Partners LP (NASDAQ:MMLP) trades with a trailing P/E of 32.7x, which is higher than the industry average of 13.5x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Negative Sentiment Around Martin Midstream Partners LP (NASDAQ:MMLP) Is Justified

Martin Midstream Partners LP (NASDAQ:MMLP) is a company I've been following for a while, and one that I believe the market is over-hyped about. … It's crucial to understand if a company has a strong future based on its current operations and financial status. … Since starting in 2002 in United States, the company has now grown to a market cap of US$540.87m

Simply Wall St -

What Investors Should Know About Martin Midstream Partners LP.'s (NASDAQ:MMLP) Financial Strength

At this stable level of debt, the current cash and short-term investment levels stands at US$27.00K for investing into the business. … Moreover, MMLP has produced cash from operations of US$67.51M in the last twelve months, resulting in an operating cash to total debt ratio of 8.31%, meaning that MMLP’s debt is not appropriately covered by operating cash. … In MMLP's case, the ratio of 1.28x suggests that interest is not strongly covered, which means that debtors may be less inclined to loan the company more money, reducing its headroom for growth through debt.Next Steps: MMLP’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Interested In Martin Midstream Partners LP. (NASDAQ:MMLP)? Here's What Its Recent Performance Looks Like

View our latest analysis for Martin Midstream Partners Could MMLP beat the long-term trend and outperform its industry? … Since these figures are somewhat short-term, I’ve computed an annualized five-year figure for Martin Midstream Partners's earnings, which stands at US$9.60M This means that, generally, Martin Midstream Partners has been able to increasingly raise its net income over the past couple of years as well. … This suggests that, in the recent industry expansion, Martin Midstream Partners is capable of amplifying this to its advantage.What does this mean?

Simply Wall St -

Will Martin Midstream Partners LP (NASDAQ:MMLP) Continue To Underperform Its Industry?

Martin Midstream Partners LP’s (NASDAQ:MMLP) most recent return on equity was a substandard 5.30% relative to its industry performance of 9.06% over the past year. … See our latest analysis for Martin Midstream Partners Breaking down Return on Equity Return on Equity (ROE) weighs Martin Midstream Partners’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Martin Midstream Partners’s equity capital deployed.

Simply Wall St -

MMLP Company Info

Description

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company’s 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. This segment also offers land rental services to oil and gas companies, as well as storage and handling services for lubricants and fuels. Its Natural Gas Services segment distributes natural gas liquids (NGLs) to propane retailers, refineries, and industrial NGL users, as well as owns a NGL pipeline covering an area of approximately 200 miles from Kilgore, Texas to Beaumont, Texas; and owns approximately 2.4 million barrels of underground storage capacity for NGLs. It also operates and manages natural gas storage facilities in northern Louisiana and Mississippi. The company’s Sulfur Services segment manufactures and markets various sulfur-based fertilizer and related sulfur products, including plant nutrient and agricultural ground sulfur products; ammonium sulfate products; industrial sulfur products; and liquid sulfur products. This segment owns 26 railcars and leases 42 railcars to transport molten sulfur; and leases 132 railcars to transport fertilizer products. Its Marine Transportation segment operates 31 inland marine tank barges, 17 inland push boats, and 1 offshore tug and barge units that transport petroleum products and by-products to oil and gas refining companies, and petroleum marketing companies. Martin Midstream GP LLC serves as a general partner of the company. Martin Midstream Partners L.P. was founded in 2002 and is based in Kilgore, Texas.

Details
Name: Martin Midstream Partners L.P.
MMLP
Exchange: NasdaqGS
Founded: 2002
$399,082,629
39,049,181
Website: http://www.martinmidstream.com
Address: Martin Midstream Partners L.P.
4200 Stone Road,
Kilgore,
Texas, 75662,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MMLP Common Units Nasdaq Global Select US USD 01. Nov 2002
LSE 0S2W Common Units London Stock Exchange GB USD 01. Nov 2002
Number of employees
Current staff
Staff numbers
0
Martin Midstream Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:45
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.