Martin Midstream Partners LP reports results for the quarter ended in June - Earnings Summary

Martin Midstream Partners LP

17/07/2024 22:01

* Martin Midstream Partners LP  MMLP.OQ  reported quarterly
adjusted earnings of 9 cents​​ per share for the quarter ended
in June.  The lone analyst forecast for the quarter was
for earnings of 8 cents per share. 
    * Revenue was $184.53 million​; analysts expected $193.91
million. 
    * Martin Midstream Partners LP's reported EPS for the
quarter was
9 cents​.
    * The company reported quarterly net income of $3.69
million.
    * Martin Midstream Partners LP shares had risen by 13.0%
this
quarter and gained 52.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "hold"

Wall Street's median 12-month price target for Martin Midstream
Partners LP is $4.00 
This summary was machine generated from LSEG data July 17 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.08           0.09           Beat
 Mar. 31 2024      0.07           0.08           Beat
                                  0.01