---
schema_version: "secwatch.filing_event.v1"
accession: "0001176334-23-000078"
form_type: "8-K"
ticker: "MMLP"
cik: "0001176334"
company_name: "MARTIN MIDSTREAM PARTNERS L.P."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:22:58.915570+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Martin Midstream Q1 net loss $5.1M; adjusted EBITDA $30.6M in line with guidance; distribution unchanged at $0.005/unit

## Summary
- Net loss of $5.1M ($0.13/unit) vs net income of $11.5M a year ago; includes $5.1M loss on debt extinguishment.
- Revenue $244.5M, down 12% from $279.2M; adjusted EBITDA after butane exit $30.6M vs guidance $31.4M.
- Leverage ratio improved to 4.25x from 4.53x; total debt reduced $16M to $500M.
- Quarterly cash distribution unchanged at $0.005/unit, payable May 15 to record holders May 8.
- Full-year 2023 adjusted EBITDA guidance after butane exit reaffirmed at $115.4M.

## SEC filing metadata
- accession: 0001176334-23-000078
- form_type: 8-K
- ticker: MMLP
- cik: 0001176334
- company_name: MARTIN MIDSTREAM PARTNERS L.P.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1176334/000117633423000078/0001176334-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176334/000117633423000078/mmlp-20230419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001176334-23-000078
- JSON: https://secwatch.observer/filing/0001176334-23-000078.json
- Plain text: https://secwatch.observer/filing/0001176334-23-000078.txt

## Key facts
- Earnings Releases
  MARTIN MIDSTREAM PARTNERS L.P. reported first quarter of 2023 results: net income net loss of $5.1 million.
  - Period: first quarter of 2023
  - Net income: net loss of $5.1 million
  - Result: reported results
  source text: Martin Midstream Partners L.P. (the "Partnership") issued a press release reporting its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1176334/000117633423000078/0001176334-23-000078-index.htm

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