Martin Midstream Partners

Martin Midstream Partners LP engages in a diverse set of operations focused primarily in the United States Gulf Coast region. It operates through the following segments: Terminalling and Storage, Transportation, Sulfur Services, and Natural Gas Liquids. The Terminalling and Storage segment offers storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of various grades and quantities of industrial, commercial, and automotive lubricants and greases. The Transportation segment manages a fleet of inland marine tank barges, inland push boats and offshore tug, and barge unit that transport petroleum products and by-products. The Sulfur Services segment develops an integrated system of transportation assets and facilities relating to sulfur services. The Natural Gas Liquids segment distributes natural gas liquids. The company was founded in 2002 and is headquartered in Kilgore, TX.

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Earnings data Q1 2024

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Earnings data Q4 2024

Martin Midstream Partners exits butane business, targets improved performance

Martin Midstream Partners navigated challenges by exiting butane optimization business and focusing on fee-based logistics.
Despite losses, the company aims for improved financial performance with clear 2023 guidance.
Opportunities lie in growth capital expenditures, increased cash flow post-exit, and enhanced transparency.
Challenges include significant EBITDA losses, negative swings, and declines in certain business segments.

Martin Midstream Partners meets Q1 guidance, focuses on debt reduction

Martin Midstream Partners delivered a mixed performance in Q1 2023, meeting guidance in some segments and underperforming in others.
The company showcased strengths in transportation segments and debt reduction efforts, while facing challenges in sulfur services and specialty products.
Opportunities lie in capitalizing on strengths, improving underperforming segments, and strategic debt reduction for future growth.
Overall, the company aims to enhance financial performance and meet guidance targets, bolstering investor confidence.
Key focus areas include operational optimization, contract management, and addressing segment-specific challenges.

Martin Midstream Partners navigates mixed Q2 performance, focuses on stability

Despite challenges in certain segments, Martin Midstream Partners showed resilience in its core operations. The company remains committed to its adjusted EBITDA guidance for 2023 at $115.4 million and is strategically positioning itself for long-term stability and growth.

Martin Midstream Partners exceeds Q3 guidance but faces segment challenges

Martin Midstream Partners (MMLP) reported mixed Q3 results with strong performance in certain segments but challenges in others. Management remains cautious about economic conditions impacting the Transportation segment. Delays in projects are being managed with updates provided to stakeholders.

Martin Midstream Partners exceeds Q4 guidance, eyes growth opportunities

Martin Midstream Partners delivered a strong Q4 performance, exceeding adjusted EBITDA guidance by 9%.
While facing challenges in certain segments, the company showcased strengths in debt refinancing, business exits, and strong sales in key segments.
Opportunities lie in optimizing operations across segments and improving performance in underperforming areas.
Overall, the company's 2024 guidance of $116.1 million in adjusted EBITDA sets a positive outlook for the future.

Martin Midstream Partners reports mixed Q1 performance, eyes growth opportunities

Martin Midstream Partners faced mixed performance in Q1 2024, with strengths in Transportation and challenges in other segments. The company maintained a healthy liquidity position and is optimistic about future performance.
Rate increases in the Marine business and stable rates in Land Transportation were highlighted as positives. Challenges included lower margins in the Sulfur Services segment and issues in the Specialty Products segment.
Opportunities lie in the Fertilizer business expansion, potential growth from Samsung's chip factory, and the ELSA joint venture. The company's focus on maintaining adjusted EBITDA guidance and capital investments bodes well for future stability and growth.

Martin Midstream Partners exceeds Q2 guidance amidst segment challenges

Martin Midstream Partners delivered a resilient performance in Q2, surpassing guidance in key segments while facing challenges in others.
The company's diversified portfolio showcased strengths in Transportation and Sulfur Services, offsetting weaknesses in Marine Transportation and Terminalling and Storage.
Strategic adjustments and a focus on operational efficiency present opportunities for growth and improved financial performance in the future.

Martin Midstream Partners reports mixed Q3 performance, eyes optimization

Martin Midstream Partners faced mixed performance in Q3, with some segments exceeding while others missed guidance.
The company's debt levels remain a concern, but pending transactions and opportunities for optimization present positive prospects.
Addressing challenges in certain segments and capitalizing on strengths can drive future growth and financial stability.
Overall, a strategic approach to managing expenses and leveraging opportunities is crucial for enhancing shareholder value.

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Martin Midstream Partners L.P. (NASDAQ:MMLP ) Q2 2023 Earnings Conference Call July 20, 2023 9:00 AM ET Corporate Participants Bob Bondurant - Chief Executive Officer Sharon Taylor - Chief Financial Officer Conference Call Participants Selman Akyol - Stifel Patrick Fitzgerald - Baird Operator Good morning.

Martin Midstream Partners L.P. (MMLP) Q2 2023 Earnings Call Transcript

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (Nasdaq:MMLP) (“MMLP” or the "Partnership") today announced its financial results for the second quarter of 2023. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership, stated, “The Partnership continued to benefit from our diversified business model in the second quarter as strength in our Transportation segment offset challenges in our Sulfur and Specialty Products.

Martin Midstream Partners Reports Second Quarter 2023 Financial Results and Declares Quarterly Cash Distribution

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) plans to announce financial results for second quarter 2023 after the market closes on Wednesday, July 19. An investors' conference call to review second quarter results will be held the following day. Date: Thursday, July 20, 2023 Time: 8:00 a.m. CT (please dial in by 7:55 a.m.) Dial In #: (888) 330-2384 Conference ID: 8536096 Replay Dial In # (800) 770-2030 – Conference ID: 8536096 A webcast of the confere.

Martin Midstream Partners L.P. to Announce Second Quarter 2023 Financial Results on July 19

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today that it will host investor one-on-one meetings on Tuesday, May 23, 2023 at the 20th Annual Energy Infrastructure CEO & Investor Conference in West Palm Beach, Florida. A copy of the Partnership's presentation will be available under the Investor Relations tab on the Partnership's website at www.MMLP.com. About Martin Midstream Partners MMLP, headquartered in Kilgore,.

Martin Midstream Partners L.P. to Participate in the 20th Annual Energy Infrastructure CEO & Investor Conference

Martin Midstream Partners L.P. (MMLP) Q1 2023 Earnings Call Transcript.

Martin Midstream Partners L.P. (MMLP) Q1 2023 Earnings Call Transcript

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (Nasdaq:MMLP) (“MMLP” or the "Partnership") today announced its financial results for the first quarter of 2023.

Martin Midstream Partners Reports First Quarter 2023 Financial Results and Declares Quarterly Cash Distribution

Disappointingly, once again Martin Midstream Partners was impacted by unfavorable market conditions during the fourth quarter of 2022. This posed another setback that destroyed the prospects I had previously seen for higher distributions during 2023.

Martin Midstream Partners: The Worst Should Be Over

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) plans to announce financial results for first quarter 2023 after the market closes on Wednesday, April 19. An investors' conference call to review first quarter results will be held the following day. Date: Thursday, April 20, 2023 Time: 8:00 a.m. CT (please dial in by 7:55 a.m.

Martin Midstream Partners L.P. to Announce First-Quarter 2023 Financial Results on April 19

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that the Partnership's 2022 tax package, which includes Schedule K-1, will be available to download after 5:00 p.m. Central Time today from the Investor Relations section of the Partnership's website and may also be accessed by visiting https://www.taxpackagesupport.com/martinmidstream.

Martin Midstream Partners Announces 2022 K-1 Tax Package Availability

Martin Midstream Partners L.P. (NASDAQ:MMLP ) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Sharon Taylor - Chief Financial Officer Bob Bondurant - Chief Executive Officer Randy Tauscher - Chief Operating Officer Conference Call Participants Selman Akyol - Stifel Patrick Fitzgerald - Baird Operator Ladies and gentlemen, thank you for standing by, and welcome to the MMLP's Fourth Quarter 2022 Earnings Call.

Martin Midstream Partners L.P. (MMLP) Q4 2022 Earnings Call Transcript

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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") today announced its financial results for the fourth quarter and year ended December 31, 2022. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership, stated, "Despite the challenges we faced in the second half of 2022 due to fluctuating commodity prices, the Partnership had another solid year.

Martin Midstream Partners Reports Fourth Quarter and Full Year 2022 Financial Results and Releases 2023 Financial Guidance

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) plans to release its financial results for the fourth quarter and full-year ended December 31, 2022 and issue 2023 financial guidance after the market closes on February 15, 2023. An investors' conference call to review the fourth quarter and full-year results, along with 2023 financial guidance will be held the following day. Date: Thursday, February 16, 2023 Time: 8:00 a.m.

Martin Midstream Partners L.P. Will Host a Conference Call on February 16 to Discuss Fourth Quarter and Full-Year 2022 Earnings, Along With 2023 Financial Guidance

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Insider Buying This Penny Stock - Martin Midstream Partners (NASDAQ:MMLP)

KILGORE, Texas--( BUSINESS WIRE )--Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”) today announced the expiration and results of its previously announced cash tender offers to purchase (i) any and all of the approximately $53.7 million outstanding aggregate principal amount of the 10.00% senior secured 1.5 lien notes due 2024 (the “2024 Notes”) issued by MMLP and its wholly owned subsidiary, Martin Midstream Finance Corp. (together with MMLP, the “Issuers”), and (ii) any and all of the approximately $291.4 million outstanding aggregate principal amount of the Issuers' 11.50% senior secured second lien notes due 2025 (the “2025 Notes” and, together with the 2024 Notes, the “Existing Notes”), with a portion of the net proceeds from the Issuers' concurrent private placement of $400 million in aggregate principal amount of 11.500% senior secured second lien notes due 2028 (the “New Notes”), which private placement is expected to close on February 8, 2023, subject to customary conditions.

Martin Midstream Partners L.P. Announces Expiration and Results for Its Cash Tender Offers for Any and All of Its Outstanding 10.00% Senior Secured 1.5 Lien Notes Due 2024 and 11.50% Senior Secured Second Lien Notes Due 2025

Martin is issuing $400 million in new second-lien notes due 2028 at 97% of par. The net proceeds will redeem its 2024 and 2025 notes and pay down part of its credit facility debt.

Martin Midstream Partners Deals With Its Near-Term Debt Maturities

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KILGORE, Texas--( BUSINESS WIRE )--Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”) and its wholly owned subsidiary, Martin Midstream Finance Corp. (“MMFC” and together with MMLP, the “Issuers”), have priced their offering of $400 million in aggregate principal amount of 11.500% senior secured second lien notes due 2028 (the “Notes”) at a price to the public of 97.000% of their face value. The Notes will be guaranteed by certain of MMLP's current wholly owned subsidiaries and future subsidiaries. The Notes and the guarantees will be secured on a second-priority basis by a lien on the collateral of the Issuers and the guarantors, which will consist of substantially all the assets of the Issuers and the guarantors, subject to certain exceptions.

Martin Midstream Partners Announces Pricing of Offering of $400 Million Senior Secured Second Lien Notes

KILGORE, Texas--( BUSINESS WIRE )--Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”) announced today that its wholly owned subsidiary, Martin Operating Partnership L.P., as borrower, MMLP and certain of MMLP's other subsidiaries, as guarantors, entered into an amendment to MMLP's existing revolving credit facility (as so amended, the “Amended Credit Facility”). The Amended Credit Facility will become effective upon the closing of the offering by MMLP and its wholly owned subsidiary, Martin Midstream Finance Corp., of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the “Notes”), which was also announced today by MMLP, and the satisfaction of certain other conditions related thereto. The Amended Credit Facility amends MMLP's existing revolving credit facility entered into on March 28, 2013 to, among other things, (i) extend the stated maturity date from August 2023 to February 2027; (ii) reduce the commitments from $275.0 million to $200.0 million, then further reduce such commitments to $175.0 million on June 30, 2023 and then further reduce such commitments to $150.0 million on June 30, 2024; and (iii) permit the revolving credit facility to be increased from time to time upon MMLP's written request, subject to certain conditions (including the consent of the increasing lenders), up to an additional $50.0 million.

Martin Midstream Partners Announces Amendment To Revolving Credit Facility

KILGORE, Texas--( BUSINESS WIRE )--Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”) announced that it has commenced cash tender offers to purchase (i) any and all of the approximately $53.7 million outstanding aggregate principal amount of the 10.00% senior secured 1.5 lien notes due 2024 (the “2024 Notes”) issued by MMLP and its wholly owned subsidiary, Martin Midstream Finance Corp. (together with MMLP, the “Issuers”), and (ii) any and all of the approximately $291.4 million outstanding aggregate principal amount of the Issuers' 11.50% senior secured second lien notes due 2025 (the “2025 Notes” and, together with the 2024 Notes, the “Existing Notes”), with a portion of the net proceeds from the Issuers' concurrent private placement of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the “New Notes”), which was also announced today by MMLP. The tender offers are being made pursuant to an offer to purchase and related notice of guaranteed delivery, each dated as of January 30, 2023. The tender offers will expire at 5:00 p.m., New York City time, on February 3, 2023 (as such time and date may be extended, the “expiration time”). Tendered Notes may be withdrawn at any time before the expiration time.

Martin Midstream Partners L.P. Announces Cash Tender Offers for Any and All of Its Outstanding 10.00% Senior Secured 1.5 Lien Notes Due 2024 and 11.50% Senior Secured Second Lien Notes Due 2025

KILGORE, Texas--( BUSINESS WIRE )--Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”) and its wholly owned subsidiary, Martin Midstream Finance Corp. (“MMFC” and together with MMLP, the “Issuers”), intend to commence an offering of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the “Notes”). The Notes will be guaranteed by certain of MMLP's current wholly owned subsidiaries and future subsidiaries. The Notes and the guarantees will be secured on a second-priority basis by a lien on the collateral of the Issuers and the guarantors, which will consist of substantially all the assets of the Issuers and the guarantors, subject to certain exceptions.

Martin Midstream Partners Announces Proposed Offering of Senior Secured Second Lien Notes

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