Martin Midstream Partners L.P. (MMLP) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.38. Analysts had a consensus of $0.24. The company posted revenue of $190.35 million in the period, compared to analysts expectations of $243.65 million. The company’s revenue was down -24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Martin Midstream Partners L.P. closed down -3.2 points or -12.74% at $21.92 with 6,24,971 shares getting traded on Thursday. Post opening the session at $24, the shares hit an intraday low of $21.57 and an intraday high of $24.1 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jul 8, 2016, Randall Tauscher (Executive Vice President/COO) purchased 94 shares at $23.68 per share price. According to the SEC, on Jul 8, 2016, Ruben S Martin (CEO) purchased 593 shares at $23.68 per share price. On Jul 8, 2016, Robert D Bondurant (CFO) purchased 236 shares at $23.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Martin Midstream Partners L.P. is a limited partnership company with a set of operations focused primarily in the United States Gulf Coast region. The Company operates through four business segments: Terminalling and Storage Natural Gas Services Sulfur Services and Marine Transportation. The Terminalling and Storage segment offers services for petroleum products and by-products including the refining of naphthenic crude oil blending and packaging of finished lubricants. The Natural Gas Services segment offers natural gas liquids transportation and distribution services and natural gas storage services. The Sulfur Services segment offers Sulfur and sulfur-based products gathering processing marketing manufacturing and distribution services. Marine Transportation segment services for petroleum products and by-products.