Martin Midstream Q3 net loss $1.1M, adj EBITDA $26.2M; reaffirms FY adj EBITDA guidance $115.4M

MARTIN MIDSTREAM PARTNERS L.P.

Q3 2023 net loss $1.1M vs $28.0M loss year ago; loss $0.03/unit.
Adjusted EBITDA $26.2M, up from $18.8M in Q3 2022.
Total debt $462.5M; adjusted leverage 3.95x, down from 4.14x at Q2 2023.
Reaffirmed 2023 annual adj EBITDA guidance of $115.4M, excluding butane optimization exit.
Declared Q3 cash distribution of $0.005/unit, payable Nov 14, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARTIN MIDSTREAM PARTNERS L.P. reported the quarter ended September 30, 2023 results: net income net loss of $1.1 million. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Net income: net loss of $1.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On October 18, 2023, Martin Midstream Partners L.P. (the "Partnership") issued a press release reporting its financial results for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001176334-23-000192

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