Martin Midstream Partners reports Q4 net income $10.8M and full year 2021 adjusted EBITDA $114.5M, exceeding guidance

MARTIN MIDSTREAM PARTNERS L.P.

Reported net income of $10.8M for Q4 2021 and net loss of $0.2M for full year 2021.
Generated adjusted EBITDA of $39.7M (Q4) and $114.5M (full year), exceeding 2021 guidance by ~$12.5M.
Reduced adjusted leverage ratio from 5.47x at Sep 30, 2021 to 4.19x at Dec 31, 2021.
2022 financial guidance: adjusted EBITDA range $100M-$110M, distributable cash flow $31M-$41M.
Net income improved across all segments; NGL segment Q4 adjusted EBITDA rose to $12.8M from $2.0M year-over-year.

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