Martin Midstream Partners L.P. Ltd. Part (MMLP, Financial) filed Quarterly Report for the period ended 2012-06-30.
Martin Midstream Partners L.p. has a market cap of $795.6 million; its shares were traded at around $34.01 with a P/E ratio of 53.8 and P/S ratio of 0.6. The dividend yield of Martin Midstream Partners L.p. stocks is 8.9%.
Revenues. Our marine transportation revenues increased $2.1 million, or 11%, for the three months ended June 30, 2012, compared to the three months ended June 30, 2011. This increase was primarily a result of an increase in our offshore marine operations somewhat offset by a decrease in our inland marine operations. Our offshore revenues increased $3.5 million primarily due to increased utilization of the offshore fleet in 2012 of $2.7 million due to increased demand for our two offshore tows which operate in the spot market and an increase in ancillary charges of $0.8 million. Our inland marine operations decreased $1.4 million, of which $0.6 million is attributed to decreased utilization of the inland fleet and $0.8 million in decreased ancillary charges, primarily related to fuel.
Our total revenues before eliminations were $606.1 million for the six months ended June 30, 2012 compared to $519.1 million for the six months ended June 30, 2011, an increase of $87.0 million, or 17%. Our operating income before eliminations was $32.7 million for the six months ended June 30, 2012 compared to $23.6 million for the six months ended June 30, 2011, an increase of $9.1 million, or 39%.
Revenues. Our marine transportation revenues increased $2.2 million, or 5%, for the six months ended June 30, 2012, compared to the six months ended June 30, 2011. This increase was primarily a result of an increase in our offshore marine operations, offset by a decrease in our inland marine operations. Our offshore revenues increased $3.8 million primarily due to increased utilization of the offshore fleet in 2012 of $3.3 million due to increased demand for our two offshore tows which operate in the spot market and an increase in ancillary charges of $0.6 million. Our inland marine operations decreased $1.6 million, of which $1.9 million is attributed to decreased utilization of the inland fleet offset by $0.3 million in increased ancillary charges, primarily related to fuel.
Revenues. Our marine transportation revenues increased $2.2 million, or 5%, for the six months ended June 30, 2012, compared to the six months ended June 30, 2011. This increase was primarily a result of an increase in our offshore marine operations, offset by a decrease in our inland marine operations. Our offshore revenues increased $3.8 million primarily due to increased utilization of the offshore fleet in 2012 of $3.3 million due to increased demand for our two offshore tows which operate in the spot market and an increase in ancillary charges of $0.6 million. Our inland marine operations decreased $1.6 million, of which $1.9 million is attributed to decreased utilization of the inland fleet offset by $0.3 million in increased ancillary charges, primarily related to fuel.
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Martin Midstream Partners L.p. has a market cap of $795.6 million; its shares were traded at around $34.01 with a P/E ratio of 53.8 and P/S ratio of 0.6. The dividend yield of Martin Midstream Partners L.p. stocks is 8.9%.
Highlight of Business Operations:
Our total revenues before eliminations were $294.8 million for the three months ended June 30, 2012, compared to $263.1 million for the three months ended June 30, 2011, an increase of $31.7 million, or 12%. Our operating income before eliminations was $16.7 million for the three months ended June 30, 2012, compared to $10.2 million for the three months ended June 30, 2011, an increase of $6.5 million, or 64%.Revenues. Our marine transportation revenues increased $2.1 million, or 11%, for the three months ended June 30, 2012, compared to the three months ended June 30, 2011. This increase was primarily a result of an increase in our offshore marine operations somewhat offset by a decrease in our inland marine operations. Our offshore revenues increased $3.5 million primarily due to increased utilization of the offshore fleet in 2012 of $2.7 million due to increased demand for our two offshore tows which operate in the spot market and an increase in ancillary charges of $0.8 million. Our inland marine operations decreased $1.4 million, of which $0.6 million is attributed to decreased utilization of the inland fleet and $0.8 million in decreased ancillary charges, primarily related to fuel.
Our total revenues before eliminations were $606.1 million for the six months ended June 30, 2012 compared to $519.1 million for the six months ended June 30, 2011, an increase of $87.0 million, or 17%. Our operating income before eliminations was $32.7 million for the six months ended June 30, 2012 compared to $23.6 million for the six months ended June 30, 2011, an increase of $9.1 million, or 39%.
Revenues. Our marine transportation revenues increased $2.2 million, or 5%, for the six months ended June 30, 2012, compared to the six months ended June 30, 2011. This increase was primarily a result of an increase in our offshore marine operations, offset by a decrease in our inland marine operations. Our offshore revenues increased $3.8 million primarily due to increased utilization of the offshore fleet in 2012 of $3.3 million due to increased demand for our two offshore tows which operate in the spot market and an increase in ancillary charges of $0.6 million. Our inland marine operations decreased $1.6 million, of which $1.9 million is attributed to decreased utilization of the inland fleet offset by $0.3 million in increased ancillary charges, primarily related to fuel.
Revenues. Our marine transportation revenues increased $2.2 million, or 5%, for the six months ended June 30, 2012, compared to the six months ended June 30, 2011. This increase was primarily a result of an increase in our offshore marine operations, offset by a decrease in our inland marine operations. Our offshore revenues increased $3.8 million primarily due to increased utilization of the offshore fleet in 2012 of $3.3 million due to increased demand for our two offshore tows which operate in the spot market and an increase in ancillary charges of $0.6 million. Our inland marine operations decreased $1.6 million, of which $1.9 million is attributed to decreased utilization of the inland fleet offset by $0.3 million in increased ancillary charges, primarily related to fuel.
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