secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MIDSTREAM PARTNERS L.P. (MMLP)
CIK:        0001176334
Form:       8-K
Filed at:   2021-10-20T23:59:59+00:00
Accession:  0001176334-21-000194
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176334/000117633421000194/0001176334-21-000194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176334/000117633421000194/mmlp-20211020.htm
  HTML page:      https://secwatch.observer/filing/0001176334-21-000194

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer