Martin Midstream reports Q4 net loss $8.9M; 2025 Adj EBITDA guidance $109.1M

MARTIN MIDSTREAM PARTNERS L.P.

Q4 2024 net loss of $8.9M ($0.22 per unit) vs net income $0.5M in Q4 2023.
Full-year 2024 Adjusted EBITDA of $110.6M, below guidance of $116.1M by ~$5.5M.
2025 Adjusted EBITDA guidance of $109.1M; expects Adjusted Free Cash Flow of $18.8M.
Debt outstanding $453.6M with leverage ratio 3.96x; liquidity $80.7M under revolver.
Terminated pending merger with MRMC in Dec 2024; incurred $3.7M termination costs.

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