Martin Midstream Partners LP (Martin Midstream Partners LP) EBIT : $64.1 Mil (TTM As of Mar. 2024)

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What is Martin Midstream Partners LP EBIT?

Martin Midstream Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $17.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $64.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Martin Midstream Partners LP's annualized ROC % for the quarter that ended in Mar. 2024 was 13.43%. Martin Midstream Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 17.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Martin Midstream Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.82%.

Martin Midstream Partners LP EBIT Historical Data

The historical data trend for Martin Midstream Partners LP's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Martin Midstream Partners LP EBIT Chart

Martin Midstream Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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58.11

41.18

57.28

48.11

57.68

Martin Midstream Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															10.73	16.58	13.95	16.42	17.15

Competitive Comparison of Martin Midstream Partners LP's EBIT

For the Oil & Gas Midstream subindustry, Martin Midstream Partners LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Martin Midstream Partners LP's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Martin Midstream Partners LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Martin Midstream Partners LP's EV-to-EBIT falls into.

Martin Midstream Partners LP EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $64.1 Mil.

Martin Midstream Partners LP (NAS:MMLP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Martin Midstream Partners LP's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	71.58 * ( 1 - 19.56% )	/	( (423.683	+	433.85)	/ 2 )
=	57.578952	/	428.7665
=	13.43 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	509.375	-	85.638	-	( 0.054	-	max(0, 100.564	-	114.313	+	0.054	))
=	423.683

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	512.077	-	78.173	-	( 0.054	-	max(0, 93.022	-	115.984	+	0.054	))
=	433.85

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Martin Midstream Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	68.58	/	( ( (366.152 + max(20.672, 0))	+	(364.809 + max(31.697, 0)) )	/	2 )
=	68.58	/	( ( 386.824	+	396.506 )	/	2 )
=	68.58	/	391.665
=	17.51 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(53.293	+	43.822	+	9.22)	-	(85.638	+	0	+	0.024999999999991)
=	20.672

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.019	+	41.41	+	10.466)	-	(78.173	+	0	+	0.025000000000006)
=	31.697

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Martin Midstream Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	64.096	/	592.533
	=	10.82 %

Martin Midstream Partners LP EBIT Related Terms

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Martin Midstream Partners LP (Martin Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Martin Midstream Partners LP (NAS:MMLP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 Stone Road, Kilgore, TX, USA, 75662

Website

https://www.mmlp.com

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.

Executives

Sharon L Taylor	officer: Chief Financial Officer	4200 B STONE RD, KILGORE TX 75662
Ruben S Martin	director, 10 percent owner, officer: President and CEO	4200 STONE RD, KILGORE TX 75662
Robert D Bondurant	officer: Executive VP and CFO	4200 STONE ROAD, KILGORE TX 75662
Scot A Shoup	officer: Senior VP Operations	2029 S. CHILTON AVE., TYLER TX 75701
Chris H Booth	officer: VP/General Counsel/Secretary	4200 STONE ROAD, KILGORE TX 75662
Randall Tauscher	officer: Executive Vice President	KANZA OFFICE PARK, 550 NORTH 159TH ST. EAST, WICHITA KS 67230
Christopher Michael Reid	director	100 W PUTNAM AVENUE, GREENWICH CT 06830
C Scott Massey	director	4200 STONE RD, KILGORE TX 75662
Martin Product Sales Llc	10 percent owner	4200 STONE ROAD, KILGORE TX 75662
James M Collingsworth	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Stephen W Martin	officer: VP Corporate Development	4200 STONE ROAD, KILGORE TX 75662
Zachary Stanton	director	12 ROTON AVE, ROTON AVE, NORWALK CT 06853
Charles H Still	director	FULBRIGHT & JAWORSKI LLP, 1301 MCKINNEY, SUITE 5100, HOUSTON TX 77010-3095
Wesley M Skelton	officer: Executive VP, CA0 & Controller	4200 STONE ROAD, KILGORE TX 75662
Sean P. Dolan	director	4200 B STONE ROAD, KILGORE TX 75662