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Martin Midstream Partners LP

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Transactions

Report Date Amount (MM) Description
2022-10-10 $5.25

Martin Midstream Sells California Sulfur Terminal to Gulf Terminals

Martin Midstream Sells California Sulfur Terminal to Gulf Terminals

Report Date Amount (MM) Description
2019-08-12 $17.50

Martin Midstream Divests East Texas Pipeline Idle Since 2018

Martin Midstream Divests East Texas Pipeline Idle Since 2018

Report Date Amount (MM) Description
2019-07-01 $215.00

Martin Midstream To Sell Gulf Coast Gas Storage Assets For $215 Million

Martin Midstream To Sell Gulf Coast Gas Storage Assets For $215 Million

Report Date Amount (MM) Description
2019-07-01 $215.00

Martin Midstream To Sell Gulf Coast Gas Storage Assets For $215 Million

Martin Midstream To Sell Gulf Coast Gas Storage Assets For $215 Million

Report Date Amount (MM) Description
2018-07-25 $195.00

ONEOK Buys Remaining West Texas LPG Interest For $195 Million

ONEOK Buys Remaining West Texas LPG Interest For $195 Million

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
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Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2019-07-18 Martin Midstream Partners LP Debt $400.00

Martin Midstream Partners LP has successfully amended and extended its revolving credit facility…

Report Date Type Amount (MM) Description
2014-09-24 Martin Midstream Partners LP - 2014-09-24 Equity $110.00

Priced public offering of 3 million common units at $36.91 each. Underwriters given monthlong option to…

Report Date Type Amount (MM) Description
2014-07-01 Martin Midstream Partners LP - 2014-07-01 Debt $900.00

Revolving credit facility was amended through commitments from 25 lenders. The facility matures March 28…

Report Date Type Amount (MM) Description
2014-05-06 Martin Midstream Partners LP - 2014-05-06 Equity $149.40

Priced some 3 million units at $41.51 each. Net proceeds will repay outstanding revolving credit facility…

Report Date Type Amount (MM) Description
2014-03-14 Martin Midstream Partners LP - 2014-03-14 Debt $150.00

Will offer senior unsecured 7.250% notes due 2021 in private offer as an addition to Feb. 11, 2013 offer…

Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Glass Lewis Backs Martin Midstream in Ongoing Merger Fight

Martin Resource Management Corp. is proposing to buy Martin Midstream Partners for $4.02 per common unit, with a vote scheduled for Dec. 30.

Firms Take Fight Against $132MM Martin Midstream Merger

Nut Tree Capital Management and Caspian Capital accused Martin Resource Management of proposing an insider deal that undervalues the cost of Martin Midstream’s shares.

Dividends Declared the Week of Oct. 14

As third-quarter earnings are underway, here is a compilation of dividends declared from select upstream and midstream companies.

Martin Resources Steps Up Offer for Martin Midstream

Martin Resources Management will pay $132 for Martin Midstream, which it had previously spun off, after a pair of New York capital groups counteroffered at a higher price.

Dividends Declared in the Week of July 15

Here is a selection of dividends declared in the week of July 15 for upstream, midstream and service and supply companies.

Martin Resource Sidesteps Firms’ Criticism, Offer for Midstream MLP

Martin Resource Management, which in May proposed buying spinoff Martin Midstream Partners, responded to two capital firms’ counteroffer made public July 11 by saying it’s not interested.

Firms Blast ‘Conflict-ridden’ Martin Midstream Deal, Launch Counteroffer

Two New York-based capital firms say a May proposal by Martin Resource Management to buy Martin Midstream for $100 million represents a “below market and conflict-ridden proposal,” while the firm’s own offer has been rebuffed.

Martin Midstream Says Pipeline Oil Spill Recovery Efforts Underway

Martin Midstream says it lost approximately 2,000 bbl of crude from its transfer line, which connects the company’s Sandyland Terminal to the Smackover Refinery in Union County, Arkansas.

Martin Resource Offers to Buy Spinoff Martin Midstream for $100.3MM

Martin Resource Management created Martin Midstream through an IPO in 2002.

Martin Midstream Sells California Sulfur Terminal to Gulf Terminals

The asset sale on Oct. 10 included Martin Midstream’s Stockton Sulfur Terminal in California, which Gulf Terminals LLC agreed to acquire for approximately $5.25 million.

Martin Midstream Names Bob Bondurant CEO as Founder Ruben Martin Retires

Martin Midstream’s founder, Ruben Martin, will retire as president and CEO on Dec. 31, but remain as board chairman and will continue to be actively involved in its business development.

The Midstream 50: Consolidation Rattles the Rankings

The long-running contraction in the number of midstream players accelerated in 2019.

Martin Midstream Divests East Texas Pipeline Idle Since 2018

The divestiture of the East Texas Pipeline follows a strategy set forth by Martin Midstream last year to delever the balance sheet and simplify its portfolio through noncore asset sales.

Martin Midstream To Sell Gulf Coast Gas Storage Assets For $215 Million

A subsidiary of Hartree Bulk Storage will buy the natural gas storage assets from Martin Midstream for $215 million in cash and plans to operate them as independent facilities. 

Martin Midstream Partners’ Garner To Retire

Executive served for 29 years.