La cadena de opciones muestra datos clave de las opciones de acciones de Martin Midstream Partners a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Martin Midstream Partners..

Martin Midstream Partners (NASDAQ:MMLP) Bolsa, Cadena de Opciones

Martin Midstream Partners

Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. Company operates in four segment Terminalling and storage, Transportation, Sulfur service and Specialty products segment. Majority of the revenue derived from Specialty products segment.

Martin Midstream Partners L.P. - Common Units Representing Limited Partnership Interests

Martin Midstream Partners LP

The Merger Agreement was terminated by the mutual written consent of MRMC and MMLP. MMLP will continue to operate as a standalone publicly traded company.

News

MMLP

Martin Midstream Partners Reports Termination Of Previously Announced Agreement And Plan Of Merger With Martin Resource Management

Martin Midstream Partners L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) ("MMLP") today issued the following statement in response to the press release issued by Nut Tree Capital Management and Caspian Capital:
The Conflicts Committee (the "Conflicts Committee") of the Board of Directors (the "GP Board") of Martin Midstream GP LLC, the general partner of MMLP (the "General Partner"), which consists of three independent directors, conducted a thorough nine-month evaluation with the support of independent legal and financial advisors and was diligent about the best path forward for MMLP, including actively considering proposals submitted by Nut Tree Capital Management and Caspian Capital. Following extensive negotiations, the Conflicts Committee unanimously and in good faith determined that the merger transaction with Martin Resource Management Corporation ("MRMC") is fair and reasonable to, and in the best interests of, MMLP and the unaffiliated holders of the MMLP common units.
The transaction provides an attractive premium valuation to MMLP unitholders, whereby each holder of the common units other than MRMC and its subsidiaries would receive $4.02 per common unit owned, representing a 34.00% premium to the market closing price prior to MRMC's initial proposal made on May 24, 2024, and an 11.33% premium to the trailing 30-trading day volume-weighted average price as of October 3, 2024, the date the merger agreement was executed.

Management

Martin Midstream Partners L.P. Issues Statement Reaffirming Commitment To Pending Transaction; Says "The Conflicts Committee Unanimously And In Good Faith Determined That The Merger Transaction With Martin Resource Management Corp Is Fair And Reasonable To, And In The Best Interests Of, MMLP And The Unaffiliated Holders Of The MMLP Common Units"

Nut Tree and Caspian Believe Proposed Sale Significantly Undervalues MMLP and its Future Prospects
Nut Tree and Caspian Intend to File a Proxy Statement and Solicit Proxies to Vote "AGAINST" the Proposed Sale
Nut Tree and Caspian Launch <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283583-1&amp;h=1596515816&amp;u=http%3A%2F%2Fwww.protectmmlpvalue.com%2F&amp;a=www.ProtectMMLPValue.com">www.ProtectMMLPValue.com</a>
NEW YORK, Oct. 22, 2024 /PRNewswire/ -- Nut Tree Capital Management L.P. ("Nut Tree") and Caspian Capital L.P. ("Caspian"), today announced that they intend to oppose the proposed sale of Martin Midstream Partners L.P. ("MMLP" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) to Martin Resource Management Corporation ("MRMC"), an affiliate of the Company's General Partner, for $4.02 per MMLP common unit not already owned by MRMC. Nut Tree and Caspian have combined economic exposure in the Company of approximately 13.2% of the outstanding common units through certain cash-settled derivative agreements and are aligned with MMLP unitholders who are unaffiliated with MRMC in seeking to protect the long-term value of the Company.
Nut Tree and Caspian believe that the proposed sale price significantly undervalues the Company and its prospects, and that if the merger is completed on its current terms, MRMC will receive significant upside for itself that rightfully belongs to all MMLP unitholders. Nut Tree and Caspian intend to file a proxy statement with the Securities and Exchange Commission and solicit votes "AGAINST" the proposed transaction at the Company's upcoming special meeting to be held to approve the related merger agreement.&nbsp;
Additional information can be found at <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283583-1&amp;h=1596515816&amp;u=http%3A%2F%2Fwww.protectmmlpvalue.com%2F&amp;a=www.ProtectMMLPValue.com">www.ProtectMMLPValue.com</a>.

Nut Tree Capital Management And Caspian Capital Oppose Martin Midstream Partners L.P. Sale To Martin Resource Management Corporation; Believes Proposed Sale Significantly Undervalues MMLP And Its Future Prospects

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $(0.03) by 166.67 percent. This is a 166.67 percent decrease over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $170.93 million which missed the analyst consensus estimate of $176.43 million by 3.12 percent. This is a 3.26 percent decrease over sales of $176.70 million the same period last year.

Earnings

Earnings Misses

Martin Midstream Partners Q3 EPS $(0.08) Misses $(0.03) Estimate, Sales $170.93M Miss $176.43M Estimate

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-16. Here's what investors need to know before the announcement.
Analysts estimate that Martin Midstream Partners will report an earnings per share (EPS) of $-0.03. 
The announcement from Martin Midstream Partners is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Martin Midstream Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.08</td>
<td>0.07</td>
<td>-0.04</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.09</td>
<td>0.08</td>
<td>0.02</td>
<td>-0.03</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-3.0%</td>
<td>9.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<h3>Market Performance of Martin Midstream Partners's Stock</h3>
Shares of Martin Midstream Partners were trading at $4.0 as of October 14. Over the last 52-week period, shares are up 72.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MMLP/earnings">To track all earnings releases for Martin Midstream Partners visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Martin Midstream Partners Earnings Preview

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Apogee Enterprises Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) to report quarterly earnings at $1.23 per share on revenue of $335.29 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Apogee shares rose 0.1% to $68.50 in after-hours trading.</li>
<li>Smart Sand, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) declared a special cash dividend of 10 cents per share and authorized a $10 million buyback. Smart Sand shares jumped 14% to $2.28 in the after-hours trading session.</li>
<li>Analysts expect Lifecore Biomedical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFCR#NASDAQ">LFCR</a>) to post a quarterly loss at 47 cents per share on revenue of $23.18 million for the latest quarter. The company will release earnings after the markets close. Lifecore Biomedical shares fell 5.3% to close at $4.7050 on Thursday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Martin Midstream Partners L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) agreed to be acquired by Martin Resource Management. Martin Midstream Partners shares jumped 9.7% to $3.95 in the after-hours trading session.</li>
<li>AgEagle Aerial Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NYSE">UAVS</a>) announced a reverse stock split of 1-for-50 shares of common stock. AgEagle Aerial Systems shares fell 5.4% to $0.1150 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41172520/wall-streets-most-accurate-analysts-spotlight-on-3-defensive-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Markets

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Apogee Enterprises, Smart Sand And 3 Stocks To Watch Heading Into Friday

WIIM

Martin Midstream Partners shares are trading higher after the company announced it will be acquired by Martin Resource Management.

Martin Midstream Partners L.P. (&quot;MMLP&quot;) (NASDAQ:<a href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) today announced that it has entered into a definitive agreement and plan of merger (&quot;Merger Agreement&quot;) pursuant to which Martin Resource Management Corporation (&quot;MRMC&quot;) would acquire all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the &quot;Public Common Units&quot;). The Merger Agreement follows the offer made by MRMC in May 2024 to acquire the Public Common Units.
The Merger Agreement provides for an all-cash transaction whereby each holder of the Public Common Units would receive&nbsp;$4.02&nbsp;per common unit owned, representing a&nbsp;34.00%&nbsp;premium to the market closing price prior to MRMC&#39;s initial proposal made on May 24, 2024 and an&nbsp;11.33%&nbsp;premium to the trailing 30-trading day volume-weighted average price.

Martin Midstream Partners L.P. To Be Acquired By Martin Resource Management Corporation; Proposed Deal For All-Cash Transaction Of $4.02 Per Common Unit

Martin Midstream Partners shares are trading higher after Nut Tree and Caspian increased their offer to acquire the partnership for $4.50 per common unit in cash.

Nut Tree and Caspian Increase Offer for Martin Midstream Partners to $4.50 Per Unit, Representing a 48% Premium Over MRMC's Proposal; Urge Conflicts Committee to Act in Best Interests of Unitholders

Nut Tree and Caspian Reiterate $4.00 per Common Unit Offer Representing 31% Premium to Alternate Offer Made by Martin Resource Management Corporation
Nut Tree and Caspian Call for Any Transaction with MRMC be Subject to Approval of Majority of Unaffiliated Common Unit Holders
NEW YORK, July 19, 2024 /PRNewswire/ -- Nut Tree Capital Management LP ("Nut Tree") and Caspian Capital LP ("Caspian"), today sent a letter to the Conflicts Committee of the Board of Directors (the "Conflicts Committee") of Martin Midstream GP LLC (the "General Partner") highlighting the serious conflicts of interest among the Conflicts Committee, General Partner, Martin Resource Management Corporation ("MRMC"), and Martin Midstream Partners L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) ("MMLP" or the "Partnership").
In the letter, Nut Tree and Caspian reiterate their fully-financed offer to acquire MMLP's common units for $4.00 per common unit in cash, which represents a 31% premium over MRMC'S offer, and urge the Conflicts Committee to act in the best interests of all MMLP common unit holders by requiring that any transaction with MRMC be subject to the approval of a majority of the unaffiliated common unit holders.&nbsp; Moreover, Nut Tree and Caspian encourage all unaffiliated MMLP common unit holders to contact the General Partner's Board of Directors and management team to voice their opinions on the future of MMLP.

Nut Tree And Caspian Reiterate $4 Per Common Unit Offer Representing 31% Premium To Alternate Offer Made By Martin Resource Management Corp. For Martin Midstream Partners L.P.; Nut Tree And Caspian Call For Any Transaction With MRMC Be Subject To Approval Of Majority Of Unaffiliated Common Unit Holders

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.08 by 12.5 percent. The company reported quarterly sales of $184.531 million which missed the analyst consensus estimate of $193.906 million by 4.83 percent. This is a 5.68 percent decrease over sales of $195.636 million the same period last year.

Earnings Beats

Martin Midstream Partners Q2 2024 GAAP EPS $0.09 Beats $0.08 Estimate, Sales $184.531M Miss $193.906M Estimate

Martin Resource Management Corporation Reiterates It Is Interested Only In Acquiring All Outstanding Common Units Of MMLP And Has No Interest In Selling Interests In MMLP Or The General Partner

Martin Midstream shares are trading higher after Nut Tree Capital Management and Caspian reiterated their non-binding proposal to acquire the company.

Nut Tree and Caspian Offer Represents a 31% Premium – and a Highly Compelling Alternative – to Martin Resource Management Corporation's Below Market and Conflict-Ridden Proposal
Nut Tree and Caspian Are Making Offer Public After Conflicts Committee of the Board of Martin Midstream's General Partner Has Refused to Engage
Nut Tree and Caspian Have Advisors in Place and Are Prepared to Commence Expedited Due Diligence; Offer is Not Subject to a Financing Condition
Nut Tree and Caspian Will Consider all Available Alternatives if Conflicts Committee Refuses to Meaningfully Engage
NEW YORK, July 11, 2024 /PRNewswire/ --&nbsp;Nut Tree Capital Management LP ("Nut Tree") and Caspian Capital LP ("Caspian"), today announced they sent a letter to the Conflicts Committee of the Board of Directors (the "Committee") of Martin Midstream GP LLC (the "General Partner") in which Nut Tree and Caspian reiterated their non-binding proposal made on June 21, 2024 to acquire Martin Midstream Partners L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) ("MMLP") for $4.00 per MMLP common unit in cash (the "Proposal").
The Proposal represents a 31% premium over the $3.05 per common unit offer made by Martin Resource Management Corporation ("MRMC") on May 24, 2024, and 23% over the closing price of the common units on July 9, 2024.

Nut Tree Capital Management And Caspian Capital Propose To Acquire Martin Midstream Partners L.P. For $4.00 Per Common Unit In Cash

On June 15, 2024, Martin Midstream Partners became aware of a spill of approximately 2,000 barrels of crude oil originating from the Partnership&#39;s transfer pipeline which connects our Sandyland Terminal to the Smackover Refinery in Smackover, Union County, Arkansas.
The Partnership is working closely with the Environmental Protection Agency (&quot;EPA&quot;), Arkansas Department of Energy and Environment, and Arkansas Game and Fish Commission to respond to the spill.
As of June 23, 2024, clean-up efforts have recovered approximately 1,250 barrels of crude oil and efforts are on-going under a Unified Command structure led by the EPA.

Martin Midstream Partners Says On On June 15, 2024, It Became Aware Of A Spill Of Approximately 2,000 Barrels Of Crude Oil Originating From Its Transfer Pipeline

Martin Midstream Partners Announces Martin Resource Management Corporation Filed Schedule 13D Amendment, Proposing To Acquire All Outstanding Common Units Not Owned By MRMC For $3.05 Per Unit In Cash

Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.07 by 14.29 percent. The company reported quarterly sales of $180.830 million which missed the analyst consensus estimate of $198.797 million by 9.04 percent. This is a 26.05 percent decrease over sales of $244.529 million the same period last year.

Martin Midstream Partners Q1 2024 GAAP EPS $0.08 Beats $0.07 Estimate, Sales $180.830M Miss $198.797M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is projected to report quarterly earnings at $3.43 per share on revenue of $6.13 billion.
&bull; VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) is expected to report earnings for its first quarter.
&bull; Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $1.86 billion.
&bull; Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is estimated to report quarterly earnings at $0.96 per share on revenue of $9.89 billion.
&bull; First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $809.71 million.
&bull; U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $6.72 billion.
&bull; Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) is estimated to report quarterly earnings at $4.81 per share on revenue of $10.49 billion.
&bull; BankUnited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $240.01 million.
&bull; Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) is projected to report quarterly earnings at $0.74 per share on revenue of $1.96 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) is likely to report earnings for its first quarter.
&bull; Home Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBCP#NASDAQ">HBCP</a>) is estimated to report quarterly earnings at $0.97 per share on revenue of $28.45 million.
&bull; Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $122.32 million.
&bull; Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $2.94 billion.
&bull; Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is estimated to report quarterly earnings at $0.71 per share on revenue of $127.43 million.
&bull; Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $4.47 billion.
&bull; Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $129.70 million.
&bull; First Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) is estimated to report quarterly earnings at $0.62 per share on revenue of $161.53 million.
&bull; Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $1.40 billion.
&bull; Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) is projected to report quarterly loss at $0.43 per share on revenue of $2.58 billion.
&bull; Rexford Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $207.33 million.
&bull; Triumph Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $106.01 million.
&bull; SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $158.04 million.
&bull; Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is likely to report quarterly earnings at $0.46 per share on revenue of $69.80 million.
&bull; Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is expected to report quarterly earnings at $1.04 per share on revenue of $47.52 million.
&bull; Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) is likely to report quarterly earnings at $0.99 per share on revenue of $548.06 million.
&bull; F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $407.30 million.
&bull; Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $1.09 billion.
&bull; Discover Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) is expected to report quarterly earnings at $2.99 per share on revenue of $4.05 billion.
&bull; Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) is projected to report quarterly earnings at $1.46 per share on revenue of $397.07 million.
&bull; CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $3.67 billion.
&bull; Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is estimated to report quarterly earnings at $2.44 per share on revenue of $579.20 million.
&bull; Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) is estimated to report quarterly earnings at $1.13 per share on revenue of $135.76 million.
&bull; Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $197.40 million.
&bull; Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $1.63 billion.
&bull; Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $272.17 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ASML

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Earnings Scheduled For April 17, 2024

Guidance

Martin Midstream Partners Releases 2024 Adjusted EBITDA Guidance Of $116.1M, Growth Capital Expenditures Of $17.4M, Maintenance Capital Expenditures Of $32M

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With an impressive 7% dividend yield and a strong track record of distributable cash flow growth, MPLX LP (MPLX) has become an attractive option for income-seeking investors. But what makes this energy stock truly reliable for the long haul? Read on to find out… MPLX LP (<a href="https://stocknews.com/stock/MPLX/">MPLX</a>) is a diversified, large-cap master limited partnership (MLP) that owns and operates midstream energy infrastructure and logistics assets and provides fuel distribution services. It is a fast-growing midstream energy company with strong distributable cash flow and consistent excess dividend coverage, offering a 7% <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> yield.
In the third quarter of 2024, the company reported $1.45 billion in distributable cash flow, marking a 5.3% year-over-year increase. Over the last three years, MPLX has grown its cash flow at an annualized rate of 7.7%, fueling dividend hikes of over 10% annually. These steady raises, including a 12.5% bump last October, have further solidified its appeal to income investors.
The company's expansion projects, such as the Blackcomb and Rio Bravo pipelines and upgrades to the BANGL natural gas liquids system, are poised to deliver incremental cash flow as they come online. Moreover, with a low leverage ratio of 3.4 and robust cash flow, the MLP has the flexibility to fund its expansion projects while maintaining its hefty dividend.
Given its strong financial health and ongoing expansion projects, MPLX appears primed to continue rewarding its investors. Shares of MPLX have surged 10.9% over the past three months and 31.3% over the past year, closing the last trading session at $48.76.
Now, let us delve deeper into the factors that could shape MPLX's performance in the near future.
Strong Financials
For the fiscal 2024 third quarter that ended September 30, MPLX's total revenues and other income increased 2.1% year-over-year to $2.97 billion. Its income from operations grew 10.5% from the prior year's quarter to $1.27 billion.
The company's attributable net income rose 13% year-over-year to $1.04 billion and $1.01 per unit, while its adjusted EBITDA came in at $1.71 billion, up 7.4% year-over-year. As of September 30, 2024, MPLX's cash and cash equivalents amounted to $2.43 billion compared to $1.05 billion on December 31, 2023.
Attractive Dividend
On November 15, 2024, the company paid a quarterly dividend of $0.96 per common unit, representing an increase of 12.5% from the previous quarter. MPLX pays a $3.83 per unit dividend annually, which translates to a 7.91% yield on the current share price. Its four-year dividend yield is 9.31%.
The company's dividend payouts have grown at CAGRs of 8.2% and 5.8% over the past three and five years, respectively. Moreover, MPLX has a record of 11 years of consecutive dividend growth.
Favorable Analyst Expectations
Analysts expect MPLX's revenue to increase 3.3% year-over-year to $3.06 billion for the fourth quarter ended December 31, 2024. The consensus earnings per share estimate of $1.03 for the same period indicates a 6.4% improvement from the previous year's quarter.
In addition, for the fiscal first quarter ending March 2025, MPLX's revenue and EPS are expected to increase 6.6% and 5.3% year-over-year to $3.03 billion and $1.03, respectively.
Looking ahead, analysts anticipate a 5.2% increase in revenue for the fiscal year 2025, reaching $12.52 billion. Similarly, EPS for the current year is expected to experience a growth of 6.1% from the prior year, settling at $4.37.
High Profitability
MPLX's trailing-12-month gross profit margin of 57.43% is 25.9% higher than the industry average of 45.63%. Its trailing-12-month EBITDA margin stands at 52.45%, 51.6% higher than the industry average of 34.59%.
In addition, the company boasts a trailing-12-month net income margin of 39.41%, which is 248.5% higher than the sector average of 11.31%. Also, the stock's trailing-12-month ROCE of 33.47% outperforms the industry average of 12.34% by 171.2%.
POWR Ratings Reflects Optimism
MPLX's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. MPLX's A grade for Momentum is justified by its share price trading above its 50-day moving average of $47.68 and 200-day moving average of $43.60.
It also has a B grade for Quality, supported by profitability measures that exceed industry benchmarks. Within the B-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs - Oil &amp; Gas</a> industry, MPLX is ranked #3 out of 22 stocks.
Beyond what is stated above, we have also given MPLX grades for Growth, Value, Stability, and Sentiment. Get all MPLX ratings <a href="https://stocknews.com/stock/MPLX/">here</a>.
Bottom Line
After a challenging year for the energy sector in 2024, MPLX seems to be a bright spot in the midstream space. With consistent growth in both EBITDA and distributable cash flow, along with a strong track record of 10% annual dividend increases, MPLX has positioned itself as an attractive option for income-focused investors. The company's strong financial health and ongoing expansion projects provide ample opportunity for future growth.
Given its reliable profitability, solid cash flow, and commitment to returning value to unitholders, MPLX is poised to continue its upward trajectory in 2025 and beyond. Thus, now could be an opportune moment to consider adding this stock to one's holdings.
How Does MPLX LP (MPLX) Stack Up Against Its Peers?
Although MPLX's near-term outlook appears sound, exploring its industry peers, who also exhibit strong POWR Ratings, may be worthwhile. So, consider these A (Strong Buy) or B (Buy)-rated stocks from the MLPs - Oil &amp; Gas industry: CrossAmerica Partners LP (<a href="https://stocknews.com/stock/CAPL/">CAPL</a>), Star Group, L.P. (<a href="https://stocknews.com/stock/SGU/">SGU</a>), and Martin Midstream Partners L.P. (<a href="https://stocknews.com/stock/MMLP/">MMLP</a>).
To explore more A or B-rated MLPs - Oil &amp; Gas stocks, <a href="https://stocknews.com/category/oil-gas-mlps/">click here</a>.
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MPLX shares . Year-to-date, MPLX has gained 1.88%, versus a -0.80% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/mplx-capl-sgu-mmlp-is-mplx-a-reliable-energy-infrastructure-stock-to-consider/>Is MPLX a Reliable Energy Infrastructure Stock to Consider?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is MPLX a Reliable Energy Infrastructure Stock to Consider?

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Press Releases

Martin Midstream Partners L.P. to Hold Special Meeting on December 30, 2024 for Unitholders to Approve Pending Transaction

Nut Tree Capital Management and Caspian Capital File Definitive Proxy Materials Opposing Merger Between Martin Midstream Partners and Martin Resource Management Corporation

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MMLP Merger News: Johnson Fistel Investigates Martin Midstream Partners and its Directors and Management Following the Announcement of the Merger

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates EMKR, AMCR, MMLP, ALTM on Behalf of Shareholders

Nut Tree Capital Management and Caspian Capital Release Presentation Highlighting Why Martin Midstream Partners L.P. Unitholders Should Vote "AGAINST" Value Destructive Merger with Martin Resource Management Corp.

Martin Midstream Partners L.P. Files Investor Presentation

Nut Tree Capital Management and Caspian Capital Send Letter to Unitholders Reiterating Why Martin Midstream Partners L.P. Unitholders Should Vote "AGAINST" the Value Destructive Merger with Martin Resource Management Corp.

Leading Independent Proxy Advisory Firm ISS Recommends MMLP Unitholders Vote "FOR" the Transaction with MRMC

Leading Independent Proxy Advisory Firm Glass Lewis Joins Institutional Shareholder Services in Recommending MMLP Unitholders Vote "FOR" the Transaction with MRMC

Martin Midstream Partners L.P. Announces Termination of Merger Agreement and Cancellation of Special Meeting

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Martin Midstream Partners (NASDAQ:MMLP) Bolsa, Cadena de Opciones

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