Martin Midstream Partners(MMLP)

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Martin Midstream Partners(MMLP) - 2024 Q3 - Quarterly Results
2024-10-16 20:03
EXHIBIT 99.1 MARTIN MIDSTREAM PARTNERS REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS AND DECLARES QUARTERLY CASH DISTRIBUTION • Reported net loss of $3.3 million and net income of $3.7 million for the three and nine months ended September 30, 2024, respectively • Adjusted EBITDA of $25.1 million and $87.3 million for the three and nine months ended September 30, 2024, respectively • Declares quarterly cash dividend of $0.005 per common unit • On October 3, 2024, entered into a definitive agreement and plan o ...
Nut Tree Capital Management and Caspian Capital Increase Offer to Purchase Martin Midstream Partners L.P. to $4.50 per Common Unit In Cash
Prnewswire· 2024-07-29 18:00
Despite Repeated Requests and Superior Value Being Offered to MMLP Unitholders, Martin Midstream GP LLC's Conflicts Committee Refuses to Meet with Nut Tree and Caspian Directly NEW YORK, July 29, 2024 /PRNewswire/ -- Nut Tree Capital Management L.P. ("Nut Tree") and Caspian Capital L.P. ("Caspian"), today sent a letter to the Conflicts Committee of the Board of Directors (the "Conflicts Committee") of Martin Midstream GP LLC (the "General Partner") notifying the Conflicts Committee of an increase to their f ...
Martin Midstream Partners(MMLP) - 2024 Q2 - Quarterly Report
2024-07-23 20:17
FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Securities registered pursuant to Section 12(b) of the Act Title of each class Trading Symbol(s) Name of each exchange on which registered Common Units representing limited partnership interests MMLP The NASDAQ Global Select Market Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File requ ...
Nut Tree Capital Management and Caspian Capital Send Letter Highlighting Grossly Conflicted Conflicts Committee of the Martin Midstream GP LLC Board of Directors
Prnewswire· 2024-07-19 14:31
Nut Tree and Caspian Call for Any Transaction with MRMC be Subject to Approval of Majority of Unaffiliated Common Unit Holders The full text of the letter is below: Dear Members of the Conflicts Committee: As you know, MRMC made an offer to purchase MMLP for $3.05 per common unit in a related-party transaction: the General Partner is wholly owned and controlled by MRMC and its subsidiaries, and Ruben Martin, III serves as Chairman of the Board of Directors of the General Partner and the President, Chief Exe ...
Martin Midstream Partners(MMLP) - 2024 Q2 - Earnings Call Transcript
2024-07-18 15:08
Martin Midstream Partners L.P. (NASDAQ:MMLP) Q2 2024 Results Conference Call July 18, 2024 9:00 AM ET Company Participants Sharon Taylor - Chief Financial Officer Bob Bondurant - CEO Randy Tauscher - COO David Cannon - Controller Danny Cavin - Director of FP&A Conference Call Participants Selman Akyol - Stifel Kyle May - Sidoti & Company Patrick Fitzgerald - Baird Operator Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the MMLP ...
Martin Midstream Partners(MMLP) - 2024 Q2 - Quarterly Results
2024-07-17 20:40
Operating Income (Loss) ($M) • Net income of $3.8 million and $7.1 million for the three and six months ended June 30, 2024, respectively • Adjusted EBITDA of $31.7 million and $62.1 million for the three and six months ended June 30, 2024, respectively • Total adjusted leverage of 3.88 times as of June 30, 2024 • Declares quarterly cash dividend of $0.005 per common unit Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership, stated, "For the ...
Martin Midstream (MMLP) Units Gain Amid Buyout Proposals
ZACKS· 2024-07-15 14:07
Martin Midstream Partners (MMLP) has received a non-binding offer from two New York-based capital groups, Nut Tree Capital Management LP and Caspian Capital LP, to acquire it at $4 per unit. The offer had been rejected by MMLP's general partner's Conflicts Committee despite overshadowing the previous bid for takeover made by Martin Resource Management Corporation ("MRMC") in May 2024. MRMC made an offer to acquire the midstream firm at $3.05 per unit, totaling approximately $100.3 million. In a letter (date ...
Martin Midstream Partners(MMLP) - 2024 Q1 - Quarterly Report
2024-04-23 20:06
Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 000-50056 MARTIN MIDSTREAM PARTNERS L.P. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...
Martin Midstream Partners(MMLP) - 2024 Q1 - Earnings Call Transcript
2024-04-18 15:00
Martin Midstream Partners L.P. (NASDAQ:MMLP) Q1 2024 Results Conference Call April 18, 2024 9:00 AM ET Company Participants Sharon Taylor - Chief Financial Officer Bob Bondurant - Chief Executive Officer Randy Tauscher - Chief Operating Officer David Cannon - Controller Danny Cavin - Director of FP&A Conference Call Participants Kyle May - Sidoti Selman Akyol - Stifel Operator Thank you for standing by. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome ever ...
Martin Midstream Partners(MMLP) - 2024 Q1 - Quarterly Results
2024-04-17 20:09
MMLP-F | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------|-------|--------------------------|---------------------------------| | Assets | March | 31, 2024 \n(Unaudited) | December 31, 2023 \n(Audited) | | Cash Accounts and other receivables, less allowance for doubtful accounts of $511 and $530, | $ | 54 | $ 54 | | respectively | | 58,019 | 53,293 | | Inventories | | 41,410 | 43,822 | | Due from affiliates | | 6 ...