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Stock impact report

Martin Midstream Partners Reports First Quarter 2020 Financial Results and Updated 2020 Guidance

Martin Midstream Partners L.P. - Common Units Representing Limited Partnership Interests (MMLP) 
Last martin midstream partners l.p. - common units representing limited partnership interests earnings: 4/22 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.martinmidstream.com
Company Research Source: GlobeNewswire
First quarter 2020 Net Income of $8.8 million and adjusted EBITDA of $31.0 millionQuarterly distribution coverage ratio of 7.45xDeclares quarterly cash distribution of $0.0625 per unitUpdates full year 2020 guidance due to uncertainty from the COVID-19 pandemic and destabilized market conditions KILGORE, Texas, April 22, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") today announced its financial results for the first quarter of 2020. Ruben Martin, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership said, "Operationally the Partnership was not immune to the impact of the COVID-19 pandemic and associated dislocation in the energy industry.  However, the strategic steps commenced by the Partnership in July 2018 to return to a diversified specialty services midstream business with limited direct upstream exposure, should serve us well during this crisis and its severe economic impact.  The Show less Read more
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