secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MIDSTREAM PARTNERS L.P. (MMLP)
CIK:        0001176334
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001176334-25-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176334/000117633425000004/0001176334-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176334/000117633425000004/mmlp-20250212.htm
  HTML page:      https://secwatch.observer/filing/0001176334-25-000004

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