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.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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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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KILGORE, Texas--( BUSINESS WIRE )--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will participate in the 2022 Wells Fargo Midstream and Utilities Symposium taking place Wednesday, December 7 and Thursday, December 8, 2022. A copy of the Partnership's presentation will be available by visiting the Partnership's website at www.MMLP.com.

Martin Midstream Partners L.P. to Participate in the 2022 Wells Fargo Midstream and Utilities Symposium

Martin Midstream lowered its 2022 adjusted EBITDA guidance by $12 million at the guidance midpoint. This is still around $13.5 million higher than its original adjusted EBITDA guidance though.

Martin Midstream Partners: Weaker H2 2022 Results

Earlier in 2022, Martin Midstream Partners saw prospects to send their distributions surging higher in the foreseeable future. Disappointingly, they were caught on the wrong side of commodity markets during the third quarter with their financial performance suffering.

Martin Midstream Partners: The Market Both Gives And Takes Away

Martin Midstream Partners L.P. (NASDAQ:MMLP ) Q3 2022 Results Conference Call November 3, 2022 9:00 AM ET Company Participants Sharon Taylor - Vice President and Chief Financial Officer Randall Tauscher - Executive Vice President and Chief Operating Officer David Cannon - Controller Danny Cavin - Director of FP&A Conference Call Participants Selman Akyol - Stifel Patrick Fitzgerald - Baird Operator Good day, and welcome to the MMLP Third Quarter 2022 Earnings Call.

Martin Midstream Partners L.P. (MMLP) Q3 2022 Earnings Call Transcript

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P.

Martin Midstream Partners Reports Third Quarter 2022 Financial Results

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Martin Midstream Partners L.P. Announces Joint Venture with Samsung C&T America, Inc. and Dongjin USA, Inc. to Produce Electronic Level Sulfuric Acid

Martin Midstream Partners L.P. Will Host a Conference Call on November 3 to Discuss Third Quarter 2022 Earnings

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (“MMLP” or the “Partnership”) (NASDAQ: MMLP) announced the sale of its Stockton Sulfur Terminal (the “Stockton Terminal”) to Gulf Terminals LLC. The net proceeds of approximately $5.25 million will be used to reduce outstanding borrowings under the Partnership's revolving credit facility. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of MMLP stated, “Over the last several years

Martin Midstream Partners L.P. Announces Sale of Stockton California Sulfur Terminal

Martin Midstream Partners increased its guidance for 2022 adjusted EBITDA to a range of $126 million to $135 million. I estimate its common units could be worth close to $7 per unit if it can deal with its debt maturities and avoid dilution.

Martin Midstream Partners: Significant Upside With A Successful Debt Refinancing

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will participate in the 2022 Inaugural Wells Fargo Leveraged Finance Conference taking place Wednesday, September 7th through Friday, September 9th in Nashville, Tennessee. A copy of the Partnership's presentation will be available by visiting the Partnership's website at www.MMLP.com. About Martin Midstream Partners Martin Midstream P

Martin Midstream Partners L.P. to Participate in the 2022 Inaugural Wells Fargo Leveraged Finance Conference

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (the “Partnership”) today announced that its 2021 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/martinmidstream [taxpackagesupport.com]. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partner

Martin Midstream Partners L.P. Announces 2021 Schedule K-3 Now Available

Martin Midstream Partners L.P. (NASDAQ:MMLP ) Q2 2022 Earnings Conference Call July 21, 2022 9:00 AM ET Company Participants Sharon Taylor - Vice President and Chief Financial Officer Robert Bondurant - President, Chief Executive Officer and Director Randall Tauscher - Executive Vice President and Chief Operating Officer Conference Call Participants Selman Akyol - Stifel Operator Good morning.

Martin Midstream Partners L.P. (MMLP) CEO Robert Bondurant on Q2 2022 Results - 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 2022. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership stated, “The Partnership experienced another outstanding quarter with elevated demand for our land transportation assets, and robust margins in our lubricants and fertilizer businesses. Overall, each o

Martin Midstream Partners Reports Second Quarter 2022 Financial Results, Increases Annual Guidance and Declares Quarterly Cash Distribution

Martin Midstream Partners was seeing green shoots for a recovery back in 2021. Now in 2022, these appear to have come to fruition with their underlying cash flow performance seeing a strong recovery.

Martin Midstream Partners: Buy Before Their Distributions Surge Higher

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) plans to release its financial results for the second quarter ended June 30, 2022 after the market closes on July 20, 2022. An investors' conference call to review the first quarter results will be held the following day. Date: Thursday, July 21, 2022 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 – Confer

Martin Midstream Partners L.P. Will Host a Conference Call on July 21 to Discuss Second Quarter 2022 Earnings

MMLP recently emerged from a challenging period. The company is likely to refinance its senior notes.

Martin Midstream Partners: A Potential Double Over The Next 3 Years

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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will participate in the 2022 Energy Infrastructure Council Investor Conference taking place May 16-18, 2022 in West Palm Beach, Florida. A copy of the Partnership's presentation will be available by visiting the Partnership's website at www.MMLP.com. About Martin Midstream Partners Martin Midstream Partners L.P. is a publicly traded li

Martin Midstream Partners L.P. to Participate in the 2022 Energy Infrastructure Council Investor Conference

Martin Midstream showed substantial improvements in nearly every area of its business compared to the prior-year quarter. The majority of the improvement was driven by the sulfur services business as opposed to its transportation or terminals businesses.

Martin Midstream Partners: Improving Finances But Debt Still A Concern

Martin Midstream Partners L.P. (NASDAQ:MMLP ) Q1 2022 Earnings Conference Call April 21, 2022 10:00 AM ET Company Participants Sharon Taylor - CFO Bob Bondurant - President & CEO Randy Tauscher - COO Conference Call Participants Selman Akyol - Stifel Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page.

Martin Midstream Partners L.P. (MMLP) CEO Bob Bondurant on Q1 2022 Results - 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 2022. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership stated, “The Partnership experienced an exceptional quarter benefiting from increased refinery utilization and strong demand for our products and services. For the period, we generated $40.0 million in

Martin Midstream Partners Reports First Quarter 2022 Financial Results and Declares Quarterly Cash Distribution

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