---
schema_version: "secwatch.filing_event.v1"
accession: "0001176334-23-000136"
form_type: "8-K"
ticker: "MMLP"
cik: "0001176334"
company_name: "MARTIN MIDSTREAM PARTNERS L.P."
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:16:11.466230+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Martin Midstream Q2 net income $1.1M; exits butane optimization; reaffirms FY adj. EBITDA $115.4M

## Summary
- Net income $1.1M ($0.03/unit) vs $6.6M in Q2 2022; revenue $195.6M, down 27% YoY.
- Adjusted EBITDA (ex-butane) $31.8M; reaffirms full-year guidance of $115.4M.
- Exited butane optimization business May 1; inventory sold; reduced debt by $39.5M to $460.5M.
- Declared quarterly distribution $0.005/unit, unchanged; leverage ratio 4.14x, down from 4.25x.
- Segment: T&S EBITDA $9.6M; Transportation $12.1M; Sulfur $8.0M; Specialty (ex-butane) $5.9M.

## SEC filing metadata
- accession: 0001176334-23-000136
- form_type: 8-K
- ticker: MMLP
- cik: 0001176334
- company_name: MARTIN MIDSTREAM PARTNERS L.P.
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1176334/000117633423000136/0001176334-23-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176334/000117633423000136/mmlp-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001176334-23-000136
- JSON: https://secwatch.observer/filing/0001176334-23-000136.json
- Plain text: https://secwatch.observer/filing/0001176334-23-000136.txt

## Key facts
- Earnings Releases
  MARTIN MIDSTREAM PARTNERS L.P. reported the quarter ended June 30, 2023 results: net income $1.1 million. Guidance reaffirmed.
  - Period: the quarter ended June 30, 2023
  - Net income: $1.1 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Reported net income of $1.1 million for the three months ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1176334/000117633423000136/0001176334-23-000136-index.htm

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