Martin Midstream Partners L.P. Announces Sale of Natural Gas Storage Assets
Martin Midstream Partners L.P. - Common Units Representing Limited Partnership Interests (MMLP)
Last martin midstream partners l.p. - common units representing limited partnership interests earnings: 4/22 05:00 pm
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ir.martinmidstream.com
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Source: GlobeNewswire
KILGORE, Texas, June 10, 2019 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (“the Partnership”) (NASDAQ: MMLP) announced today that it has entered into a definitive agreement with Hartree Cardinal Gas, LLC, a subsidiary of Hartree Bulk Storage LLC, to sell its membership interests in Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage, LLC and Perryville Gas Storage LLC (the “Natural Gas Storage Assets”) for $215.0 million in cash. Ruben Martin, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership said, “Our agreement to sell the Natural Gas Storage Assets is an important piece of the Partnership’s strategy to strengthen the balance sheet and re-focus our operational expertise on the refinery services industry.” The Natural Gas Storage Assets consist of approximately 50 billion cubic feet of working capacity located in northern Louisiana and Mississippi. The transaction is expected to close on or around
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MMLP
Earnings
- 4/17/24 - Beat
MMLP
Sec Filings
- 4/23/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/10/24 - Form 4
- MMLP's page on the SEC website