General | Quarterly / Earnings Reports
Post IPO, Marlin's Q3 Results Exceed Expectations
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Marlin Midstream Partners has reported financial results for the third quarter ended September 30, 2013.
On July 31, 2013, the Partnership completed the IPO of 6,875,000 common units, representing a 38.6% limited partner interest, to the public for $20.00 per common unit, less an underwriting discount of $1.20 per common unit. After the closing of the IPO, substantially all the Partnership's gross margin is generated under fee-based commercial agreements, the substantial majority of which have minimum volume commitments.
Financial statements for the third quarter of 2013 reflect one month (July) of pre-IPO results attributable to Marlin's midstream natural gas business only, and two months (August and September) of Marlin's post-IPO operations which include both the midstream natural gas…
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