secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MIDSTREAM PARTNERS L.P. (MMLP)
CIK:        0001176334
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001176334-22-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176334/000117633422000088/0001176334-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176334/000117633422000088/mmlp-20220420.htm
  HTML page:      https://secwatch.observer/filing/0001176334-22-000088

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