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Martin Midstream ( (MMLP) ) has issued an update.
Martin Midstream Partners L.P. announced the termination of its merger agreement with Martin Resource Management Corporation. The decision, approved by both parties, means that Martin Midstream will continue as a standalone public company, focusing on long-term strategies such as debt reduction and improving operating results to create value for unitholders.
More about Martin Midstream
Martin Midstream Partners L.P. is a publicly traded limited partnership headquartered in Kilgore, Texas, with operations concentrated primarily in the Gulf Coast region of the United States. The company specializes in terminalling, processing, and storage services for petroleum products and by-products, land and marine transportation services, sulfur-based product processing, and marketing and distribution services for natural gas liquids.
YTD Price Performance: 68.49%
Average Trading Volume: 104,716
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $156.4M
For a thorough assessment of MMLP stock, go to TipRanks’ Stock Analysis page.
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