Martin Midstream Partners Announces Quarterly Cash Distribution

Rhea-AI Summary

Martin Midstream Partners L.P. has declared a quarterly cash distribution of $0.005 per unit for the quarter ending December 31, 2022. This distribution will be payable on February 14, 2023, to unitholders of record as of February 7, 2023. The ex-dividend date is set for February 6, 2023. Notably, 100% of the partnership's distributions to non-U.S. investors will be subject to federal income tax withholding. MMLP operates in the Gulf Coast region, focusing on storage, transportation, and processing of petroleum products and by-products.

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, 2022. The distribution is payable on February 14, 2023 to common unitholders of record as of the close of business on February 7, 2023. The ex-dividend date for the cash distribution is February 6, 2023.

Qualified Notice to Nominees
Partnership:			Martin Midstream Partners L.P.
Unit Class:			Common
CUSIP #:			573331105
RE:			Qualified Notice Pursuant to U.S. Treasury Regulation §1.1446-4
Record Date:			February 7, 2023
Payable Date:			February 14, 2023
Per Unit Amount:			$0.005

Section I: This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Section II: The entire amount of the distribution realized per U.S. Treasury Regulation 1.1446(f)-4(c)(2)(iii) is in excess of cumulative net taxable income.

About Martin Midstream Partners

MMLP, 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 business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.

MMLP-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005567/en/

Sharon Taylor

Chief Financial Officer

(877) 256-6644

investor.relations@mmlp.com

Source: Martin Midstream Partners L.P.

FAQ

What is the cash distribution amount declared by MMLP for Q4 2022?

Martin Midstream Partners L.P. declared a cash distribution of $0.005 per unit for the quarter ended December 31, 2022.

When is the payable date for MMLP's cash distribution?

The payable date for the cash distribution is February 14, 2023.

What is the record date for MMLP's cash distribution?

The record date for Martin Midstream Partners L.P.'s cash distribution is February 7, 2023.

What is the ex-dividend date for MMLP's cash distribution?

The ex-dividend date for Martin Midstream Partners L.P.'s cash distribution is February 6, 2023.