Benzinga | Jul 27, 2020 04:35PM EDT

Recap: Martin Midstream Partners Q2 Earnings

Shares of Martin Midstream Partners (NASDAQ:MMLP) rose 2.1% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 77.78% year over year to ($0.06), which were in

Shares of Martin Midstream Partners (NASDAQ:MMLP) rose 4.9% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 77.78% year over year to ($0.06), which were in line with the estimate of ($0.06).

Revenue of $140,638,000 declined by 24.92% year over year, which beat the estimate of $97,860,000.

Guidance

Martin Midstream Partners hasn't issued any earnings guidance for the time being.

Martin Midstream Partners hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $6.81

52-week low: $0.91

Price action over last quarter: Up 14.73%

Company Overview

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. It generates maximum revenue from the Natural gas liquids segment.