General | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Fresh Off IPO, Marlin Midstream Pulls in $4.4MM in Q4
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Marlin Midstream Partners, LP has detailed financial results for the fourth quarter ended December 31, 2013.
Financial statements for the fourth quarter of 2013 reflect the first full three-month period of Marlin's post-IPO operations which include both the midstream natural gas business segment and the crude oil logistics business segment. For the fourth quarter of 2013, net income totaled $4.4 million, $0.25 per common unit, and adjusted EBITDA1 was $8.5 million. Distributable cash flow1 for the fourth quarter of 2013 was $7.6 million resulting in a coverage ratio1 of 1.23x for the period.
Chairman and CEO W. Keith Maxwell III, commented: "Our fourth quarter results reflect outstanding performance from a gross margin, operating expense control and distributable cash flow perspective. As…
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