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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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. (MMLP) CEO Robert Bondurant on Q4 2020 Results - Earnings Call Transcript

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") today announced its financial results for the three months and year ended December 31, 2020. "We entered 2020 with a confident outlook and for very good reason. Our fourth quarter and full year 2019 results exceeded our guidance and we were executing on our priorities of strengthening the balance sheet and reducing leverage," stated Bob Bondurant, President and Chief Executive Officer of Martin Mid

Martin Midstream Partners Reports Fourth Quarter and Full Year 2020 Financial Results and Releases 2021 Financial Guidance

Martin Midstream Partners (NASDAQ:MMLP) unveils its next round of earnings this Monday, February 22. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings Outlook For Martin Midstream Partners

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) plans to release its financial results for the fourth quarter ended December 31, 2020 and issue 2021 financial guidance after the market closes on February 17, 2021. An investors' conference call to review the fourth quarter and full-year results, along with 2021 financial guidance, will be held the following day. Date: Thursday, February 18, 2021 Time: 8:00 a.m. CT (please dial in by 7:55 a.m.) D

Martin Midstream Partners Declares Quarterly Cash Distribution and Will Host a Conference Call on February 18 to Discuss Fourth Quarter and Full-Year 2020 Earnings, Along With 2021 Financial Guidance

In the latest trading session, Martin Midstream Partners L.P. (MMLP) closed at $1.60, marking a -1.23% move from the previous day.

Martin Midstream Partners L.P. (MMLP) Stock Sinks As Market Gains: What You Should Know

Martin Midstream Partners L.P. (MMLP) closed at $1.43 in the latest trading session, marking a +0.7% move from the prior day.

Martin Midstream Partners L.P. (MMLP) Outpaces Stock Market Gains: What You Should Know

Martin Midstream (MMLP) announces Mega Lubricants asset sale to Stone Oil to focus on debt-reductions.

Martin Midstream (MMLP) Divests Mega Assets to Stone Oil

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Midstream Santa Rally Melts

KILGORE, Texas, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today the sale of certain assets used in connection with the Mega Lubricants shore-based terminals business to John W. Stone Oil Distributor, LLC (“Stone Oil”) for $22.4 million.  

Martin Midstream Partners L.P. Announces Sale of Mega Lubricants

Martin Midstream Partners was fighting for survival earlier in 2020 due to their upcoming debt maturities. Thankfully, these were refinanced and thus their liquidity improved from a very weak crisis level to now be adequate.

Martin Midstream Partners: Big Improvements Helping A Potential Double-Digit Yield Comeback

KILGORE, Texas, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that members of executive management will participate in the BofA Leveraged Finance Conference on Tuesday, December 1, 2020; and the Wells Fargo Midstream and Utility Symposium on Tuesday, December 8, 2020. 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 Investor Conferences

KILGORE, Texas, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will participate in the 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference on November 18-19, 2020. 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. Announces Participation in the RBC Capital Markets Midstream and Energy Infrastrucure Virtual Conference

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Martin Midstream Partners L.P. (MMLP) CEO Ruben Martin on Q3 2020 Results - Earnings Call Transcript

Robert D. Bondurant Appointed to President and Chief Executive Officer effective January 1, 2021 Sharon Taylor Appointed to Vice President and Chief Financial Officer effective January 1, 2021 Ruben Martin to remain as Chairman of the Board

Martin Midstream Partners L.P. Announces Executive Leadership Changes

In the latest trading session, Martin Midstream Partners L.P. (MMLP) closed at $1.67, marking a -0.6% move from the previous day.

Martin Midstream Partners L.P. (MMLP) Stock Moves -0.6%: What You Should Know

KILGORE, Texas, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) plans to release its financial results for the third quarter ended September 30, 2020 and publicly announce the third quarter distribution after the market closes on October 21, 2020.

Martin Midstream Partners to Announce 2020 Third Quarter Financial Results and Quarterly Cash Distribution on October 21

Martin Midstream Partners L.P. (MMLP) closed the most recent trading day at $1.27, making no change from the previous trading session.

Martin Midstream Partners L.P. (MMLP) Flat As Market Gains: What You Should Know

Martin Midstream Partners L.P. (MMLP) closed at $1.30 in the latest trading session, marking a +1.56% move from the prior day.

Martin Midstream Partners L.P. (MMLP) Gains As Market Dips: What You Should Know

Martin Midstream Partners L.P. (MMLP) closed the most recent trading day at $1.37, moving -1.44% from the previous trading session.

Martin Midstream Partners L.P. (MMLP) Stock Moves -1.44%: What You Should Know

KILGORE, Texas, Aug.  28, 2020  (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq: MMLP) (the “Partnership”) today announced the status of its coastal Texas and Louisiana terminals following Hurricane Laura.  Upon initial inspection of the properties there appears to be minimal damage to the Partnership’s terminals and marine equipment.  The process of restarting our sites has begun and we expect to be fully operational on Monday, August 31.

Martin Midstream Partners L.P. Provides Operational Update Following Hurricane Laura

KILGORE, Texas, Aug.  12, 2020  (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (the “Partnership”) and Martin Midstream Finance Corp. (collectively, the “Issuers”) completed their previously announced exchange offer (the “Exchange Offer”) and consent solicitation to certain eligible holders of the Issuers’ 7.25% senior unsecured notes due 2021 (the “Existing Notes”) and separate but related cash tender offer (the “Cash Tender Offer” and, together with the Exchange Offer, the “Offers”) and consent solicitation to certain other holders of the Existing Notes.

Martin Midstream Partners Announces Successful Completion of Exchange Offer and Cash Tender Offer

KILGORE, Texas, Aug.  10, 2020  (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq: MMLP) (the “Partnership”) today announced the expiration at 5:00 p.m., New York City time, on August 7, 2020 (the “Expiration Time”) of its and its subsidiary, Martin Midstream Finance Corp.’s (“FinanceCo” and, together with the Partnership, the “Issuers”) previously announced (1) offer to exchange (the “Exchange Offer”) any and all of the Issuers’ outstanding 7.25% senior unsecured notes due 2021 (the “Existing Notes”) held by Eligible Holders (as defined below) of record for a combination of cash, 11.50% Senior Secured Second Lien Notes due 2025 (the “Exchange Notes”), and rights to acquire (the “Rights Offering”) 10.00% Senior Secured 1.5 Lien Notes due 2024 (the “New Notes”), as further described below, upon the terms and subject to the conditions set forth in the confidential Exchange Offer Memorandum, Consent Solicitation, Rights Offering, and Disclosure Statement Soliciting Acceptances of a Prepackaged Plan of Reorganization, dated July 9, 2020 (as may be amended or supplemented from time to time, the “Offering Memorandum” and, together with the related Exchange Offer letter of transmittal and the related Exchange Offer eligibility letter, the “Exchange Offer Documents”), and (2) offer to purchase for cash (the “Cash Tender Offer” and, together with the Exchange Offer, the “Offers”, and each an “Offer”) any and all of the Existing Notes held by Other Holders (as defined below), on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated July 9, 2020 (the “Offer to Purchase” and, together with the related Cash Tender Offer letter of transmittal and the related Cash Tender Offer eligibility letter, the “Cash Tender Offer Documents”), and the consent solicitations (the “Consent Solicitations”) related to the adoption of proposed amendments to the indenture governing the Existing Notes (the “Proposed Amendments”), as described in the Offering Memorandum and the Offer to Purchase. The Proposed Amendments will not be operative until the Exchange Offer and Cash Tender Offer are consummated according to their terms. Any outstanding Existing Notes are subject to the terms of the agreements implementing the Proposed Amendments.

Martin Midstream Partners L.P. Announces Expiration and Results of Exchange Offer and Cash Tender Offer

Martin Midstream Partners: Another Distribution Demolished, But Could Still Stage A Comeback

Martin Midstream Partners L.P. (MMLP) on Q2 2020 Results - Earnings Call Transcript

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