Martin Midstream Q3 net loss narrows to $6.9M; revenue up 39% YoY to $211.3M

MARTIN MIDSTREAM PARTNERS L.P.

Net loss of $6.9M ($0.17/unit) vs $10.8M loss a year ago; revenue $211.3M (+38.6% YoY).
Adjusted EBITDA $21.5M; expects to reach top end of 2021 guidance range of $95-$102M.
Declares quarterly distribution of $0.005/unit ($0.02 annualized), payable Nov 12.
Leverage increased to 5.5x (from 5.3x) due to seasonal butane inventory build; expects year-end decrease.
Hurricane Ida caused minimal asset damage; no employee injuries; Galveston terminal provided alternative services.

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