Current MMLP Stock Info

Martin Midstream Partners (ticker: MMLP) announced yesterday that it entered into an agreement to sell six liquefied natural gas barges for a total price of $41.25 million. MMLP has decided to exit the natural gas liquids floating storage and trans-loading business. The company purchased the six barges in 2013 when it entered the floating storage and loading business.

All proceeds from the divestiture will be used to repay outstanding debt on the company’s revolving credit facility. In addition to helping pay down debt on the credit facility...

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