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Stock impact report

Martin Midstream Partners Reports Third Quarter 2019 Financial Results and Revised 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
Execution of Strategic Initiatives Continues with Sale of East Texas PipelineQuarterly Distribution Coverage Ratio Above Internal ForecastUpdate on Structure Damage at Neches Terminal KILGORE, Texas, Oct. 23, 2019 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") announced today its financial results for the third quarter of 2019. Ruben Martin, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership said, "The sale of the East Texas Pipeline in the third quarter was the latest action in our strategic initiative plan designed to strengthen the balance sheet by reducing leverage.  The transaction closed on August 12, 2019 for net proceeds of $17.5 million which were used to reduce borrowings under our revolving credit facility. "Highlighting the third quarter, which annually is our weakest due to seasonal troughs in the fertilizer and butane businesses, was the Natural Gas Liquids and Terminalling Show less Read more
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