Martin Midstream Partners LP - MMLP STOCK NEWS

Martin Midstream Partners L.P. (NASDAQ: MMLP) has announced that its executive management team will participate in virtual meetings during the 2021 Energy Infrastructure Council Investor Conference, scheduled for May 18-21, 2021. Interested stakeholders can access the Partnership’s presentation on their official website at www.MMLP.com.

The Partnership operates primarily in the U.S. Gulf Coast, providing services like terminalling, processing, and transportation of petroleum products, as well as sulfur processing and natural gas liquids distribution.

Martin Midstream Partners L.P. (Nasdaq:MMLP) reported its Q1 2021 financial results, exceeding earnings forecasts by $3.7 million despite challenges from winter storm Uri. Key highlights include:

• Net income of $2.5 million, or $0.06 per unit, down from $8.8 million year-over-year.
• Revenue increased to $200.9 million compared to $198.9 million in Q1 2020.
• Adjusted EBITDA remained stable at $30.9 million, while distributable cash flow fell to $12.8 million.
• Quarterly cash distribution of $0.005 per unit declared, payable on May 14, 2021.

Martin Midstream Partners L.P. (NASDAQ: MMLP) is set to release its financial results for Q1 2021 on April 21, 2021, after market close. An investor conference call will occur on April 22, 2021, at 8:00 a.m. CT. Participants are advised to dial in by 7:55 a.m. using (833) 900-2251 with Conference ID: 3387961. A replay will be available at (800) 585-8367. The company, operating primarily in the U.S. Gulf Coast, offers diverse services including terminalling, transportation, and sulfur processing.

Martin Midstream Partners L.P. (NASDAQ: MMLP) announced that its 2020 tax package, including Schedule K-1, will be available for download on its Investor Relations website starting today at 5:00 p.m. central time. The package will be mailed to unitholders on February 27, 2021. The Partnership encourages electronic delivery to promote environmental sustainability. Unitholders can access support through a dedicated toll-free Tax Package Support Line or by mail.

Martin Midstream Partners L.P. (MMLP) reported its financial results for Q4 and the full year of 2020. Despite a challenging environment due to COVID-19, the company met the low end of its guidance but faced headwinds in Transportation and NGL segments, with a significant decline in operating income.

In 2021, MMLP anticipates Adjusted EBITDA between $95 million and $102 million, driven by expected increases in refined product demand as the economy rebounds. Approximately 62% of cash flows are fixed-fee contracts, providing stability amid market uncertainty.

Martin Midstream Partners L.P. (NASDAQ: MMLP) has rescheduled its earnings release and conference call due to severe winter storm impacts. The Partnership will announce its fourth quarter and full-year 2020 financial results on February 22, 2021, after market close, with the conference call on February 23, 2021, at 8:00 a.m. CT. During the call, management will discuss non-GAAP financial measures, with reconciliations provided. The Partnership focuses on services such as terminalling, storage, and transportation of petroleum products and by-products throughout the U.S. Gulf Coast region.

Martin Midstream Partners L.P. (NASDAQ: MMLP) will release its fourth quarter 2020 financial results on February 17, 2021, followed by a conference call on February 18 at 8:00 a.m. CT. The Partnership declared a quarterly cash distribution of $0.005 per unit, payable on February 12, 2021. The ex-dividend date is February 4, 2021. The release includes non-GAAP financial measures, with reconciliations provided during the conference call. Forward-looking statements are made regarding potential impacts from COVID-19 and commodity price volatility.

Martin Midstream Partners L.P. (MMLP) has announced the sale of assets related to its Mega Lubricants shore-based terminals business to John W. Stone Oil Distributor for $22.4 million. This transaction is part of MMLP's strategy to reduce debt and focus on core operations in refinery services. Incoming CEO Robert Bondurant emphasized the importance of leverage reduction for attracting investors. The acquisition enhances Stone Oil's offerings in marine fuel and lubricants, highlighting the compatibility of both businesses.

Ruben S. Martin, III has been elected Chairman of the Board of Directors for Mercy Ships International, effective January 1, 2021. A long-time board member and supporter, Martin has served in various leadership roles and is instrumental in the launch of the Global Mercy™, the largest civilian hospital ship, enhancing Mercy Ships' surgical care capacity. He succeeds Myron E. Ullman, who retires after nearly 20 years. Martin, CEO of Martin Midstream Partners (NASDAQ: MMLP), brings extensive experience to the role, which is vital for the charity's ongoing mission to deliver healthcare to the world's disadvantaged.