MMLP Earnings Prediction
The chart below shows how MMLP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MMLP sees a -7.74% change in stock price 10 days leading up to the earnings, and a +0.53% change 10 days following the report. On the earnings day itself, the stock moves by +1.83%. This data can give you a slight idea of what to expect for the next quarter's release.
MMLP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
170.93M
-3.26%
-7.37%
Gross Margin
51.10%
1.81%
-0.78%
Operating Margin
7.31%
-7.00%
-28.89%
Net Margin
-1.94%
223.33%
-194.63%
EPS
-0.08
-166.67%
-188.89%
No Data Available
MMLP Earnings Analysis
Martin Midstream Partners LP Corporation (MMLP.O) Earnings Conference Call
Positive
Adjusted EBITDA Performance: The adjusted EBITDA for the third quarter was $25.1 million, only $1.3 million short of guidance of $26.4 million, indicating strong operational performance.
Transportation Segment Performance: The Transportation segment generated an adjusted EBITDA of $11.6 million compared to guidance of $10.8 million, reflecting a solid increase in cash flow generation.
Sulfur Services Performance: The Sulfur Services segment achieved an adjusted EBITDA of $4.2 million, exceeding guidance of $3.7 million, driven by strong demand for sulfur products.
Long-Term Debt Overview: The company reported a total long-term debt outstanding of $486.5 million, with $86.5 million drawn under its revolving credit facility, indicating strong liquidity management.
Stable Cash Flow Outlook: The company anticipates stable cash flow generation in the fourth quarter, supported by tightness in the inland market, which is expected to continue.
Negative
EBITDA Guidance Shortfall: For the third quarter, we fell short of guidance by $1.3 million as we had an adjusted EBITDA of $25.1 million, compared to third quarter guidance of $26.4 million.
Expense Increase Impact: The primary contributor to our guidance shortfall was an increase in expense related to our long-term incentive plans, which are tied to the fair market value of our common units. As a result, we recognized an additional $1.4 million in expense when compared to guidance.
EBITDA Guidance Miss: Our adjusted EBITDA for the Terminaling and Storage segment was $8.4 million, compared to guidance of $9 million, missing guidance by $0.6 million.
Specialty Products EBITDA Miss: The Specialty Products segment had an adjusted EBITDA of $4.6 million, compared to guidance of $6.5 million, resulting in a miss of $1.9 million.
Long-Term Debt Overview: Our total long-term debt outstanding was $486.5 million, of which $86.5 million was drawn under our revolving credit facility and the remaining $400 million consists of our second lien 11.5% notes due February 2028.
MMLP FAQs
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MMLP Earning Call Sentiment
Martin Midstream Partners L.P. Common Units (MMLP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MMLP.O
1.12%Positive
The earnings call reveals mixed performance across segments, with some exceeding and others missing guidance. The pending buyout proposal could stabilize sentiment, but concerns over increased debt, weaker economic conditions, and uncertain future sales for the ELSA project weigh on prospects. The Q&A highlights management's cautious outlook, especially regarding future sales expectations. Overall, the balance of positive and negative factors suggests a neutral stock price movement in the near term.
