Martin Midstream beats FY 2023 adj EBITDA guidance, reduces debt $73.5M, sets 2024 guidance $116.1M

MARTIN MIDSTREAM PARTNERS L.P.

Q4 net income $0.5M ($0.01/unit); FY net loss $4.5M ($0.11/unit).
FY 2023 adj EBITDA $117.7M (ex-butane), above guidance of $115.4M.
Debt reduced $73.5M in 2023; leverage ratio improved to 3.75x from 4.53x.
2024 guidance: adj EBITDA $116.1M, growth capex $17.4M, maintenance capex $32.0M.
Began construction on oleum tower for semiconductor sulfuric acid JV; completion H1 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARTIN MIDSTREAM PARTNERS L.P. reported the quarter and year ended December 31, 2023 results: net income $0.5 million, EPS $0.01 per limited partner unit. Guidance initiated.

Period: the quarter and year ended December 31, 2023
Net income: $0.5 million
EPS: $0.01 per limited partner unit
Guidance: initiated
Result: reported results

Exact text from the filing

On February 14, 2024, Martin Midstream Partners L.P. (the "Partnership") issued a press release reporting its financial results for the quarter and year ended December 31, 2023.

View on SEC.gov

Browse all earnings releases →

MARTIN MIDSTREAM PARTNERS L.P. filing history →

Source: SEC EDGAR

accession 0001176334-24-000019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.