secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MIDSTREAM PARTNERS L.P. (MMLP)
CIK:        0001176334
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001176334-24-000063
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Martin Midstream reports Q1 net income of $3.3M, adjusted EBITDA $30.4M, maintains FY guidance
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- Net income of $3.3M vs net loss of $5.1M in Q1 2023; diluted EPS $0.08 vs ($0.13).
- Adjusted EBITDA $30.4M (slightly below guidance of $31.6M); full-year 2024 guidance reaffirmed at $116.1M.
- Declares quarterly cash dividend of $0.005 per common unit; total adjusted leverage 3.81x vs 3.75x at year-end 2023.
- Transportation segment adjusted EBITDA $13.2M (in line with Q1 2023); land and marine divisions exceeded forecast.
- Growth capex $6.2M (incl. $4.8M for Plainview improvements); maintenance capex $11.2M (incl. $5.3M turnaround costs).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176334/000117633424000063/0001176334-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176334/000117633424000063/mmlp-20240417.htm
  HTML page:      https://secwatch.observer/filing/0001176334-24-000063

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