secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MIDSTREAM PARTNERS L.P. (MMLP)
CIK:        0001176334
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001176334-24-000127
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Martin Midstream Q3 net loss $3.3M; enters take-private agreement with MRMC
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- Net loss of $3.3M in Q3 2024 vs net income of $3.7M in Q3 2023; adjusted EBITDA $25.1M vs $26.2M prior year.
- Adjusted EBITDA of $25.1M missed guidance of $26.4M by $1.3M; $1.4M charge from unit-based compensation tied to unit value.
- On Oct 3, 2024, entered definitive agreement for MRMC to acquire all MMLP common units not already owned by MRMC.
- Segments: Transportation and Sulfur Services beat guidance; Terminalling & Storage and Specialty Products missed.
- Declares quarterly cash distribution of $0.005 per common unit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176334/000117633424000127/0001176334-24-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176334/000117633424000127/mmlp-20241016.htm
  HTML page:      https://secwatch.observer/filing/0001176334-24-000127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer