Financial Performance - Q2 2021 - Adjusted EBITDA for Q2 2021 was $22.5 million, compared to $23.9 million in Q2 2020[8, 9] - Terminalling & Storage Adjusted EBITDA was $10.6 million in both Q2 2020 and Q2 2021[9] - Sulfur Services Adjusted EBITDA decreased from $10.8 million in Q2 2020 to $8.9 million in Q2 2021[9] - Transportation Adjusted EBITDA increased from $4.9 million in Q2 2020 to $5.0 million in Q2 2021[9] - Natural Gas Liquids Adjusted EBITDA increased from $1.6 million in Q2 2020 to $1.7 million in Q2 2021[9] Financial Performance - 1H 2021 - Adjusted EBITDA for 1H 2021 was $53.4 million, compared to $54.9 million in 1H 2020[13, 14] - Terminalling & Storage Adjusted EBITDA decreased from $22.1 million in 1H 2020 to $21.2 million in 1H 2021[14] - Sulfur Services Adjusted EBITDA decreased from $20.9 million in 1H 2020 to $18.1 million in 1H 2021[14] - Transportation Adjusted EBITDA decreased from $12.8 million in 1H 2020 to $7.7 million in 1H 2021[14] - Natural Gas Liquids Adjusted EBITDA increased from $7.1 million in 1H 2020 to $13.9 million in 1H 2021[14] 2021 Guidance - The company anticipates an Adjusted EBITDA between $95 million and $102 million for the year ending December 31, 2021[20]

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 March 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) (State or other jurisdict ...

Martin Midstream Partners L.P. (NASDAQ:MMLP) Q1 2021 Earnings Conference Call April 22, 2021 9:00 AM ET Company Participants Sharon Taylor - Chief Financial Officer Bob Bondurant - President and CEO Randy Tauscher - Chief Operating Officer David Cannon - Controller Danny Kevin - Director, FP&A Conference Call Participants Selman Akyol - Stifel Patrick Fitzgerald - Baird Operator Ladies and gentlemen, thank you for standing by. And welcome to the MMLP First Quarter 2021 Earnings Conference Call. At this time ...

Financial Performance - Q1 2021 - Adjusted EBITDA for Q1 2021 was $30.9 million[8], compared to $31.0 million in Q1 2020[8] - Terminalling & Storage contributed $10.6 million to Adjusted EBITDA in Q1 2021[8], compared to $11.5 million in Q1 2020[8] - Sulfur Services contributed $9.2 million to Adjusted EBITDA in Q1 2021[8], compared to $10.1 million in Q1 2020[8] - Transportation contributed $2.7 million to Adjusted EBITDA in Q1 2021[8], a decrease from $7.9 million in Q1 2020[8] - Natural Gas Liquids contributed $12.2 million to Adjusted EBITDA in Q1 2021[8], compared to $5.5 million in Q1 2020[8] - Unallocated SG&A was $(3.7) million in Q1 2021[8], compared to $(4.0) million in Q1 2020[8] 2021 Guidance - The company's Adjusted EBITDA guidance for the year ending December 31, 2021, is $95 million to $102 million[14] - Distributable cash flow is projected to be between $29 million and $34 million[14] - Adjusted free cash flow is expected to be between $22 million and $26 million[14]

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, 2020 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 ...

Financial Data and Key Metrics Changes - Fourth quarter adjusted EBITDA was $17.4 million, down from $35.5 million in Q4 2019, with full-year adjusted EBITDA at $94.9 million compared to $108.3 million in 2019 [9][29] - Distributable cash flow for Q4 was $0.8 million and approximately $40 million for the full year 2020 [33] - Long-term debt at year-end was $526 million, with an adjusted leverage ratio increasing to 5.36 times due to reduced EBITDA from COVID-19 impacts [29][31] Business Line Data and Key Metrics Changes - Natural gas services segment adjusted EBITDA fell to $2 million in Q4 from $11.4 million a year ago, primarily due to butane logistics issues [10] - Transportation segment adjusted EBITDA was $1.7 million in Q4, down from $9.1 million a year ago, with land transportation adjusted EBITDA at $3 million compared to $4.7 million [18] - Sulfur services segment adjusted EBITDA was $7.4 million in Q4, with pure sulfur adjusted EBITDA at $2.4 million, down from $3.9 million a year ago [24] - Terminal and storage segment adjusted EBITDA was $10.6 million in Q4, down from $11.5 million a year ago, primarily due to reduced shore-based terminal revenue [27] Market Data and Key Metrics Changes - Refinery utilization averaged 77% in Q4 compared to 91% in the previous year, negatively impacting transportation and logistics [19] - Butane prices rose from $0.80 per gallon to $1.14 per gallon in December, affecting purchasing decisions of refinery customers [12] Company Strategy and Development Direction - The company aims to reduce debt to a target level of 3.75 times annual cash flow by utilizing free cash flow [61] - There is a focus on optimizing asset utilization and increasing free cash flow to strengthen the balance sheet [31][32] - The company is committed to safety and environmental stewardship, with plans to enhance sustainability strategies [62][63] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for Q1 2021 cash flow, particularly in butane and fertilizer businesses, despite challenges from a recent weather event [6][61] - The rollout of COVID-19 vaccines is expected to improve refinery utilization and demand for transportation services in the second half of 2021 [23][36] - The marine transportation business outlook remains challenging until refinery utilization rates improve [37] Other Important Information - The company plans to provide more detailed guidance for each business segment as the economy recovers [35] - Capital expenditures for 2021 are expected to include maintenance CapEx of $17 million to $19 million and growth CapEx of $4 million to $5 million [35] Q&A Session Summary Question: What are the meaningful drivers for guidance? - Management indicated variability in the butane business and the timing of marine cash flow as key drivers for guidance [40] Question: What percentage of hedge volumes are in place for 2021? - Approximately 60% to 70% of anticipated sales are hedged for February, with January expected to be strong due to fewer hedges [41] Question: Are there plans for non-core asset sales? - The company is exploring opportunities to sell non-core assets to aid in deleveraging [42] Question: How will the company address covenant levels if refinery utilization is not robust? - Management is monitoring covenant levels and is prepared to address them with their bank if necessary [55] Question: What was the EBITDA contribution from Mega Lubricants in 2020? - The EBITDA from Mega Lubricants was approximately $315,000, with additional contributions from related segments [50][52]

1 Martin Midstream Partners L.P. Fourth Quarter and Full Year 2020 Earnings Summary and 2021 Financial Guidance February 22, 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. Adjusted Free Cash Flow is defined as Distributable Cash Flow less Growth Capital Expenditures and Principle Payments under Finance Lease Obligations. These non-GAAP financial measures a ...

1 Martin Midstream Partners L.P. 2020 Wells Fargo Midstream and Utility Symposium December 8-9, 2020 Company Information Statements about the Partnership's 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 forwardlooking statements and all references to financial estimates rely on a number of assumptions concerning future events and are subject to a number of uncertaint ...

FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 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 juris ...

Martin Midstream Partners L.P. (NASDAQ:MMLP) Q3 2020 Earnings Conference Call October 22, 2020 9:00 AM ET Company Participants Bob Bondurant - Chief Financial Officer Ruben Martin - President and CEO Randy Tauscher - Chief Operating Officer Conference Call Participants T J Schultz - RBC Capital Markets Selman Akyol - Stifel, Nicolaus & Company, Inc Operator Thank you for standing by. And welcome to the Third Quarter 2020 Earnings Conference Call and Webcast. At this time, all participants are in a listen- ...