Martin Midstream Partners L.P. First Quarter 2022 Earnings Summary & Revised Guidance April 20, 2022 MMLP 1Q 2022 Adjusted EBITDA Comparison & Reconciliation Smackover Refinery $4.0 $3.4 Lubricants & Specialty Products $4.0 $5.0 Specialty Terminals $2.7 $2.9 Shore-Based Terminals $(0.1) $0.3 Total T&S $10.6 $11.6 Sulfur Services 1Q21 Actual 1Q22 Actual Fertilizer $7.1 $11.8 Sulfur Prilling $2.2 $1.7 Molten Sulfur $(0.1) $1.8 Total Sulfur Services $9.2 $15.3 | --- | --- | --- | --- | --- | --- | --- | --- | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Mark One Annual Report Pursuant to Section 13 or 15(d) of the ☒ Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 OR ☐ 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) Delaware 05-0527861 State or o ...

Martin Midstream Partners L.P. Fourth Quarter and Full Year 2021 Earnings Summary and 2022 Financial Guidance February 16, 2022 MMLP 4Q 2021 Adjusted EBITDA Comparison & Reconciliation | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------|-------------------------|-----------------|----------------|-----------------------------|--------|-------------------|-------------| | (in millions) | Terminalling & Storage | Sulfur Services | Transportation | Natural Gas Liquids | ...

Martin Midstream Partners L.P. (NASDAQ:MMLP) Q4 2021 Earnings Conference Call February 17, 2022 9:00 AM ET Company Participants Sharon Taylor - CFO Bob Bondurant - President and CEO Randy Tauscher - COO Conference Call Participants Selman Akyol - Stifel Patrick Fitzgerald - Robert W. Baird Operator Good morning. My name is Sandra, and I will be your conference operator today. At this time, I would like to welcome everyone to the MMLP Fourth Quarter 2021 Earnings Call. All lines have been placed on mute to ...

Martin Midstream Partners L.P. 2021 Wells Fargo Virtual Midstream, Utility & Renewables Symposium December 8 - 9, 2021 Company Information NASDAQ Ticker MMLP Unit Price (1) $3.20 Market Capitalization (1)(2) $124.2 million Enterprise Value (1)(2) $672.0 million www.mmlp.com Investor Relations Martin Midstream Partners L.P. Forward-Looking Statements Contact Information Corporate Headquarters Martin Midstream Partners L.P. 4200 Stone Road Kilgore, TX 75662 Website Contact us at (877) 256-6644 or e-mail us at ...

QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period ended September 30, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number 000-50056 MARTIN MIDSTREAM PARTNERS L.P. (Exact name of registrant as specified in its charter) (State or other jur ...

Call Start: 09:00 Call End: 09:23 March 1, 0000 ET Q3 2021 Earnings Conference Call October 21, 2021 09:00 ET Company Participants Randy Tauscher - Executive Vice President & Chief Operating Officer Bob Bondurant - President & Chief Executive Officer Sharon Taylor - Chief Financial Officer Conference Call Participants Selman Akyol - Stifel Operator Ladies and gentlemen, thank you for standing by and welcome to the MMLP Third Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mod ...

Martin Midstream Partners L.P. Third Quarter 2021 Earnings Summary October 20, 2021 Disclaimers Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Distributable Cash Flow and Adjusted Free Cash Flow. These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for results prepared in accordance with accounting principles generally accepted in the United States (GAAP). A reconciliation of non-G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR 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 jurisdicti ...

Financial Data and Key Metrics Changes - For the first half of 2021, the company is on pace with its annual projected adjusted EBITDA of between $95 million to $102 million, generating free cash flow of $15.6 million [5][20] - The overall adjusted EBITDA for Q2 2021 was $22.5 million, a decrease from $23.9 million in Q2 2020 [6] - The total long-term debt outstanding at the end of Q2 2021 was $526 million, with adjusted leverage ratios improving from 5.44x to 5.31x due to inventory working capital carve-out [18][19] Business Segment Performance - The Terminalling and Storage segment had adjusted EBITDA of $10.6 million, unchanged year-over-year, with variability noted in the Smackover Refinery cash flow [7][8] - The Sulfur Services segment's adjusted EBITDA was $8.9 million, down from $10.8 million a year ago, with fertilizer earnings showing slight improvement [9][10] - The Transportation segment's adjusted EBITDA was $5 million, with truck transportation showing a significant increase to $5.5 million due to a 19% increase in mileage [12][13] - The Natural Gas Liquids segment had adjusted EBITDA of $1.7 million, slightly up from $1.6 million, but is expected to remain weak in the upcoming quarters [16] Market Data and Key Metrics Changes - The company noted tight supply conditions in the lubricants and specialty products market, which is expected to positively impact sales volumes in the near term [8] - The sulfur deliveries into Beaumont increased significantly in July, indicating a recovery in refinery utilization and potential improvement in the sulfur business [30] Company Strategy and Industry Competition - The company plans to focus on reducing debt through free cash flow generation, aiming for an adjusted leverage ratio of 3.7x by year-end 2021 [20][23] - The company is addressing anticipated tightness around forecasted leverage and interest coverage ratios due to rising commodity prices [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic recovery, noting improved refinery utilization and increased customer demand for services [48] - The ongoing COVID-19 pandemic, particularly the Delta variant, is acknowledged, but management believes it will not lead to a nationwide shutdown like last year [49] Other Important Information - The company amended its revolving credit facility to address anticipated working capital requirements due to elevated commodity prices [22] - Maintenance capital expenditures for the year totaled $8.1 million, with growth capital at $2 million, primarily for trailer conversions [21] Q&A Session Summary Question: Can you talk about sulfur supply and refinery utilization? - Management noted that sulfur deliveries were down due to reduced refinery utilization but have recently increased significantly in July, indicating a recovery [30] Question: Thoughts on Marine Transportation re-contracting? - Management expressed hope for continued operation in the Northeast following a successful 6-month contract for an offshore tow [31] Question: How is the butane business tracking for Q4 2021 and Q1 2022? - Management indicated that while the butane pricing environment is different from last year, they cannot provide a specific financial projection at this time [36][37] Question: Expectations for free cash flow? - Management expects free cash flow to align closely with adjusted free cash flow guidance [38] Question: Plans for capital structure management? - Management plans to address the capital structure, including the second lien notes, around August 2022 [39] Question: Current available liquidity? - As of June 30, the maximum available liquidity was $220 million, with about $40 million available [44]