---
schema_version: "secwatch.filing_event.v1"
accession: "0001176334-25-000004"
form_type: "8-K"
ticker: "MMLP"
cik: "0001176334"
company_name: "MARTIN MIDSTREAM PARTNERS L.P."
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T22:43:56.603497+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001176334-25-000004
- form_type: 8-K
- ticker: MMLP
- cik: 0001176334
- company_name: MARTIN MIDSTREAM PARTNERS L.P.
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1176334/000117633425000004/0001176334-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176334/000117633425000004/mmlp-20250212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001176334-25-000004
- JSON: https://secwatch.observer/filing/0001176334-25-000004.json
- Plain text: https://secwatch.observer/filing/0001176334-25-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.