Marlin Midstream Partners (FISH) Posts Quarterly Earnings, Beats Expectations By $0.06 EPS
Marlin Midstream Partners (NASDAQ:FISH) announced its earnings results on Wednesday. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.06, AmericanBankingNews.com reports. The company had revenue of $22.45 million for the quarter, compared to the consensus estimate of $22.34 million. The company’s quarterly revenue was up 117.5% on a year-over-year basis.
Shares of Marlin Midstream Partners (NASDAQ:FISH) traded down 0.55% during mid-day trading on Wednesday, hitting $19.93. 35,953 shares of the company’s stock traded hands. Marlin Midstream Partners has a 1-year low of $15.93 and a 1-year high of $21.12. The stock’s 50-day moving average is $20.33 and its 200-day moving average is $18.64. The company has a market cap of $357.9 million and a P/E ratio of 22.29.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 5th. Investors of record on Thursday, July 31st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 7.23%. The ex-dividend date is Tuesday, July 29th. This is an increase from Marlin Midstream Partners’s previous quarterly dividend of $0.36.
Marlin Midstream Partners, LP develops, owns, operates and acquires midstream energy assets. The Company provides natural gas gathering, transportation, treating and processing services and One million cubic feet (NASDAQ:FISH) transportation services, which it refer to as its midstream natural gas business, and crude oil transloading services, which it refer to as its crude oil logistics business.
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