Martin Midstream Partners L.P. (NASDAQ:MMLP) is expected to report second quarter earnings results, after market close, on Monday 27th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.06 per share.
Looking ahead, the full year loss are expected at $ 0.23 per share on the revenues of $ 734.40 million.
Previous Quarter Performance
Martin Midstream Partners L.P. recorded income for the first quarter of $ 0.22 per share, from the revenue of $ 198.88 million. The quarterly revenues lowered 33.39 percent compared with the same quarter last year. According to street consensus, MMLP was expected to report 1Q20 income of $ 0.13 per share from revenue of $ 216.10 million. The bottom line results beat street analysts by $ 0.09 or 69.23 percent, at the same time, top line results fell short of analysts by $ 17.22 million or 7.97 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MMLP was $ 2.45, representing a 169.23 % increase from the 52 week low of $ 0.91 and a 60.93 % decrease over the 52 week high of $ 6.27.
The company has a market capital of $ 95.19 million and is part of the Energy sector and Oil & Gas Midstream industry.
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Recent Stock Dividend Announcement
On April 22, 2020, the board of directors authorized quarterly dividend of $ 0.0625 per share to holders of record as of the close of business on May 8, 2020, with payment date of May 15, 2020 and ex-dividend date on May 7, 2020.
Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The companys Terminalling and Storage segment owns or operates 19 marine shore-based terminal facilities and 14 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.
