---
schema_version: "secwatch.filing_event.v1"
accession: "0001176334-22-000088"
form_type: "8-K"
ticker: "MMLP"
cik: "0001176334"
company_name: "MARTIN MIDSTREAM PARTNERS L.P."
filed_at: "2022-04-20T23:59:59+00:00"
generated_at: "2026-06-26T06:05:48.909275+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Martin Midstream Q1 adj. EBITDA $40M, beats guidance; raises 2022 outlook to $110-120M

## Summary
- Net income $11.5M ($0.29/unit) vs $2.5M ($0.06/unit) YoY; revenue $279.2M, up 39%.
- Adjusted EBITDA $40.0M, ~$10M above high end of Q1 guidance; full-year guidance raised to $110-120M.
- Sulfur Services adj. EBITDA surged to $15.3M (from $9.2M) on strong fertilizer demand; Transportation rebounded to $10.5M.
- Adjusted leverage fell from 4.19x (Dec. 2021) to 3.87x; total debt $489M, liquidity $107M.
- Declared quarterly cash distribution of $0.005/unit, payable May 13, 2022 to holders of record May 6.

## SEC filing metadata
- accession: 0001176334-22-000088
- form_type: 8-K
- ticker: MMLP
- cik: 0001176334
- company_name: MARTIN MIDSTREAM PARTNERS L.P.
- filed_at: 2022-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1176334/000117633422000088/0001176334-22-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176334/000117633422000088/mmlp-20220420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001176334-22-000088
- JSON: https://secwatch.observer/filing/0001176334-22-000088.json
- Plain text: https://secwatch.observer/filing/0001176334-22-000088.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.