Martin Midstream Partners(US:MMLP)2022-04-21 07:04Q1 2022 Performance - Adjusted EBITDA for Q1 2022 was $40 million, compared to $30.9 million in Q1 2021[4, 7] - Net income for Q1 2022 was $11.5 million[4] - Distributable cash flow for Q1 2022 was $20.9 million[10] - Adjusted free cash flow for Q1 2022 was $17.7 million[10] Segment Performance (Q1 2022 vs Q1 2021) - Terminalling & Storage Adjusted EBITDA increased from $10.6 million to $11.6 million[3, 7] - Smackover Refinery increased from $4.0 million to $3.4 million[3] - Lubricants & Specialty Products increased from $4.0 million to $5.0 million[3] - Specialty Terminals increased from $2.7 million to $2.9 million[3] - Shore-Based Terminals increased from $(0.1) million to $0.3 million[3] - Sulfur Services Adjusted EBITDA increased from $9.2 million to $15.3 million[3, 7] - Fertilizer increased from $7.1 million to $11.8 million[3] - Sulfur Prilling decreased from $2.2 million to $1.7 million[3] - Molten Sulfur increased from $(0.1) million to $1.8 million[3] - Transportation Adjusted EBITDA increased from $2.7 million to $10.5 million[4, 7] - Land increased from $3.7 million to $9.5 million[4] - Marine decreased from $(1.0) million to $1.0 million[4] - Natural Gas Liquids Adjusted EBITDA decreased from $12.2 million to $6.6 million[4, 7] - Butane decreased from $9.8 million to $5.7 million[4] - Martin Underground Storage decreased from $0.5 million to $0.4 million[4] - Natural Gasoline increased from $(0.1) million to $(0.6) million[4] - Propane decreased from $1.9 million to $1.1 million[4] 2022 Guidance - Adjusted EBITDA is projected to be between $110 million and $120 million for the year ending December 31, 2022[10] - Distributable cash flow is projected to be between $37 million and $47 million for the year ending December 31, 2022[10] - Adjusted free cash flow is projected to be between $29 million and $39 million for the year ending December 31, 2022[10]