Martin Midstream Partners to Announce 2020 Second Quarter Financial Results and Quarterly Cash Distribution on July 27
Martin Midstream Partners L.P. (MMLP) will announce its second quarter financial results for 2020 on July 27, after the market closes. An investors conference call is scheduled for July 28 at 8:00 a.m. CT. The call can be accessed by calling (877) 878-2695, with an audio replay available thereafter. The partnership will also discuss certain non-GAAP financial measures during the call. Furthermore, the company recently announced an exchange offer for existing notes and a cash tender offer, for which they have provided sufficient disclosures. More information is available on their website.
- None.
- Uncertainty surrounding the impacts of the COVID-19 pandemic on operations and financial results.
- Volatility in commodity prices and macroeconomic conditions may adversely affect performance.
KILGORE, Texas, July 15, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) plans to release its financial results for the second quarter ended June 30, 2020 and publicly announce the second quarter distribution after the market closes on July 27, 2020.
An investors conference call to review the second quarter results will be held on Tuesday, July 28, 2020 at 8:00 a.m. Central Time. The live conference call will be available by calling (877) 878-2695. For a limited time, an audio replay of the conference call will be available by calling (855) 859-2056. The conference ID is 9677403. An archive of the replay will be on Martin Midstream Partners’ website at www.MMLP.com.
During the conference call, management will discuss certain non-generally accepted accounting principle financial measures for which reconciliations to the most directly comparable GAAP financial measures will be provided in Martin Midstream Partners’ announcement concerning its financial results for the quarter ended June 30, 2020 which will be available on the investor relations page of Martin Midstream Partners’ website.
Regarding the exchange offer for existing notes, solicitation for acceptance of a prepackaged plan and cash tender offer announced on July 9, 2020, the Partnership has provided sufficient disclosure around the transactions and will not be making further comments at this time.
Qualified Notice to Nominees
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
About Martin Midstream Partners
Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership'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.
Forward-Looking Statements
Statements about Martin Midstream Partners' outlook and all other statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and all references to financial estimates rely on a number of assumptions concerning future events and are subject to a number of uncertainties, including (i) the current and potential impacts of the COVID-19 pandemic generally, on an industry-specific basis, and on Martin Midstream Partners' specific operations and business, (ii) Martin Midstream Partners' pursuit of strategic alternatives, (iii) the effects of the continued volatility of commodity prices and the related macroeconomic and political environment, and (iv) other factors, many of which are outside its control, which could cause actual results to differ materially from such statements. While Martin Midstream Partners believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors. A discussion of these factors, including risks and uncertainties, is set forth in Martin Midstream Partners' annual and quarterly reports filed from time to time with the Securities and Exchange Commission. Martin Midstream Partners disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise.
Additional information concerning Martin Midstream is available on its website at www.MMLP.com, or
Sharon Taylor– Head of Investor Relations
(877) 256-6644
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