reports
Moody's Ratings changes Martin Midstream Partners L.P.'s outlook to st...
Moody's Ratings (Moody's) changed Martin Midstream Partners L.P.'s (MMLP) outlook to stable from negative. The B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR), and Caa1 senior secured 2nd lien notes ratings were affirmed. The SGL-3 Speculative Grade Liquidity rating is un...
Martin Midstream Partners Reports Fourth Quarter and Full Year 2024 Fi...
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 full year ended December 31, 2024. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership, stated, “For the fourth quarter and full year 2024 the Partnership generated Adjusted EBITDA of $23.3 million and $110.6 million, respectively, which was below our annual guidance level by approximately $5.5 million, with the variance primarily occurring in the fourt...
Martin Midstream Partners L.P. Sets Date for Release of Fourth Quarter...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) will announce its financial results for the fourth quarter and full year 2024 on Wednesday, February 12, 2025, after the market closes where it can be accessed at . MMLP also expects to release its full year 2025 financial guidance in conjunction with the earnings release. About MMLP Martin Midstream Partners LP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary busin...
Martin Midstream Partners Announces Quarterly Cash Distribution
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (NASDAQ: MMLP) announced it has declared a quarterly cash distribution of $0.005 per unit for the quarter ended December 31, 2024. The distribution is payable on February 14, 2025, to common unitholders of record as of the close of business on February 7, 2025. The ex-dividend date for the cash distribution is February 7, 2025. Martin Midstream Partners LP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. M...
Martin Midstream Partners L.P. Announces Termination of Merger Agreeme...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced the termination of the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated October 3, 2024, with Martin Resource Management Corporation (“MRMC”), pursuant to which MRMC would have acquired all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the “Merger”). The Merger Agreement was terminated by the mutual written consent of MRMC and MMLP (with the approval of the Conflicts Committee of the Board of Directors of Martin Mids...
Leading Independent Proxy Advisory Firm Glass Lewis Joins Institutiona...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) is pleased to announce that leading independent proxy advisory firm Glass Lewis & Co. (“Glass Lewis”) joins Institutional Shareholder Services Inc (“ISS”) in recommending that unitholders vote “FOR” the pending transaction with Martin Resource Management Corporation (“MRMC”) in advance of the upcoming MMLP Special Meeting of unitholders, which is scheduled for December 30, 2024. In its report dated December 18, 2024, Glass Lewis stated1: “…we believe the Conflicts Committee undertook a reasonably comp...
Leading Independent Proxy Advisory Firm ISS Recommends MMLP Unitholder...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today is pleased to announce that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) recommends that unitholders vote “FOR” the pending transaction with Martin Resource Management Corporation (“MRMC”) in advance of the upcoming MMLP Special Meeting of unitholders, which is scheduled for December 30, 2024. In its report dated December 16, 2024, ISS stated1: “MMLP remains a micro-cap stock with limited trading liquidity and there is uncertainty inherent in the compan...
Martin Midstream Partners L.P. Files Investor Presentation
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced the filing of an investor presentation with the U.S. Securities and Exchange Commission highlighting that the Company’s pending transaction with Martin Resource Management Corporation (“MRMC”) maximizes value for and is in the best interests of unitholders. The Conflicts Committee and the Board of Directors of Martin Midstream GP LLC (the “GP Board”) unanimously recommend that unitholders use the WHITE proxy card or WHITE voting instruction form to vote “FOR” the transaction in advance of t...
Martin Midstream Partners L.P. to Hold Special Meeting on December 30,...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with Martin Resource Management Corporation’s (“MRMC”) pending acquisition of all of the outstanding MMLP common units other than common units already owned by MRMC and its subsidiaries, in an all-cash merger transaction whereby each unitholder will receive $4.02 per common unit. MMLP also launched a website, MaximizeValueforMMLP.com, which highlights the terms and benefits of the transa...
Martin Midstream Partners Reports Third Quarter 2024 Financial Results...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (Nasdaq: MMLP) (“MMLP” or the “Partnership”) today announced its financial results for the third quarter of 2024. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership (the "General Partner"), stated, “I am pleased with the Partnership’s third quarter financial results of $25.1 million in adjusted EBITDA despite the slight miss of $1.3 million when compared to guidance targeting $26.4 million in adjusted EBITDA. During the quarter, the Partnership recorded an addi...
Martin Midstream Partners L.P. Sets Date for Release of Third Quarter ...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) will announce its financial results for the third quarter of 2024 on Wednesday, October 16, 2024, after the market closes. An investors’ conference call to review third quarter results will be held the following day. Date: Thursday, October 17, 2024 Time: 8:00 a.m. CT (please dial in by 7:55 a.m.) Dial In #: (800) 715-9871 Conference ID: 8536096 Replay Dial In # (800) 770-2030 – Conference ID: 8536096 Pre-registration for the event and a webcast of the conference call is also available by visiting t...
Martin Midstream Partners L.P. to be Acquired by Martin Resource Manag...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced that it has entered into a definitive agreement and plan of merger (“Merger Agreement”) pursuant to which Martin Resource Management Corporation (“MRMC”) would acquire all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the “Public Common Units”). The Merger Agreement follows the offer made by MRMC in May 2024 to acquire the Public Common Units. The Merger Agreement provides for an all-cash transaction whereby each holder of the Public Common Units w...
Martin Midstream Partners Reports Second Quarter 2024 Financial Result...
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 2024. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership, stated, “For the second quarter of 2024, the Partnership exceeded guidance by $0.5 million with adjusted EBITDA of $31.7 million compared to guidance of $31.2 million. Within our Transportation Services segment the land division continued to outperform projections assisted by higher than forecast...
Martin Resource Management Corporation Issues Comment to Nut Tree Capi...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Resource Management Corporation (“MRMC”), owner of the general partner of Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”), today announces that in regard to the proposal announced by Nut Tree Capital and Caspian Capital with respect to MMLP, MRMC reiterates the statement in our publicly disclosed proposal that we are interested only in acquiring all of the outstanding common units of MMLP and have no interest in selling our interests in MMLP or the general partner or in pursuing any other strategic alternative involving MMLP or the general partner...
Martin Midstream Partners L.P. Sets Date for Release of Second Quarter...
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) will announce its financial results for the second quarter of 2024 on Wednesday, July 17, 2024, after the market closes. An investors’ conference call to review second quarter results will be held the following day. Date: Thursday, July 18, 2024 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 Pre-registration for the event and a webcast of the conference call is also available by visitin...
Martin Midstream Partners L.P. 2023 Schedule K-3 Forms Now Available
KILGORE, Texas--(BUSINESS WIRE)-- Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) today announced that its 2023 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at . A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent a Schedule K-3 is applica...
Martin Midstream Partners Statement on Crude Oil Pipeline Spill
KILGORE, Texas--(BUSINESS WIRE)-- On June 15, 2024, Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) became aware of a spill of approximately 2,000 barrels of crude oil originating from the Partnership’s transfer pipeline which connects our Sandyland Terminal to the Smackover Refinery in Smackover, Union County, Arkansas. The Partnership is working closely with the Environmental Protection Agency (“EPA”), Arkansas Department of Energy and Environment, and Arkansas Game and Fish Commission to respond to the spill. The Partnership has dedicated the necessary resources, equipme...
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