Highest-materiality recent filing
Martin Midstream Q1 net loss $6.8M, Adj EBITDA $20.8M, cuts FY guidance to $90M
Net loss $6.8M ($0.17/unit) vs loss $1.0M YoY; revenue $187.7M down 2.5%.
Martin Midstream amends credit agreement: revolver cut to $115M, covenants adjusted
Revolving credit facility reduced from $130M to $115M effective March 31, 2026.
Martin Midstream Q4 net loss $2.9M; FY25 Adj. EBITDA $99.0M; 2026 guidance $96.5M
Q4 net loss $2.9M ($0.07/unit); FY net loss $14.8M ($0.37/unit) vs loss $5.2M in 2024.
Net loss of $8.4M ($0.21/unit) vs $3.3M loss a year ago; Adjusted EBITDA fell to $19.3M from $25.1M.
Martin Midstream Q2 net loss $2.4M, adj EBITDA $27.1M; FY guidance reaffirmed
Net loss of $2.4M ($0.06/unit) vs net income of $3.8M ($0.09/unit) in Q2 2024.
Martin Midstream Partners Q1 net loss $1.0M, adjusted EBITDA $27.8M, FY guidance maintained
Net loss of $1.0M ($0.03/unit) vs net income of $3.3M in Q1 2024; includes $0.8M merger termination costs.
MMLP eases credit covenants for Q1-Q3 2025; adopts phantom unit plan
Credit agreement amended: interest coverage ratio floor lowered to 1.75x for Q1-Q3 2025 from 2.00x, then back to 2.00x.
Martin Midstream reports Q4 net loss $8.9M; 2025 Adj EBITDA guidance $109.1M
Q4 2024 net loss of $8.9M ($0.22 per unit) vs net income $0.5M in Q4 2023.
Mutual termination of Merger Agreement between MMLP and MRMC effective December 26, 2024.
MMLP special meeting Dec 30 to vote on MRMC merger at $4.02/unit (34% premium)
All-cash merger at $4.02 per MMLP common unit, a 34% premium to the May 24, 2024 close.
Martin Midstream Q3 net loss $3.3M; enters take-private agreement with MRMC
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.
Martin Midstream Partners to be taken private by MRMC for $4.02 per unit cash
All-cash merger at $4.02 per public common unit; 34% premium to May 24 close and 11.33% premium to 30-day VWAP.
Net income $3.8M ($0.09/unit) vs $1.1M in Q2 2023; revenue $184.5M down from $195.6M.
Martin Midstream reports Q1 net income of $3.3M, adjusted EBITDA $30.4M, maintains FY guidance
Net income of $3.3M vs net loss of $5.1M in Q1 2023; diluted EPS $0.08 vs ($0.13).
Martin Midstream beats FY 2023 adj EBITDA guidance, reduces debt $73.5M, sets 2024 guidance $116.1M
Q4 net income $0.5M ($0.01/unit); FY net loss $4.5M ($0.11/unit).
Martin Midstream Q3 net loss $1.1M, adj EBITDA $26.2M; reaffirms FY adj EBITDA guidance $115.4M
Q3 2023 net loss $1.1M vs $28.0M loss year ago; loss $0.03/unit.
Martin Midstream Q2 net income $1.1M; exits butane optimization; reaffirms FY adj. EBITDA $115.4M
Net income $1.1M ($0.03/unit) vs $6.6M in Q2 2022; revenue $195.6M, down 27% YoY.
Net loss of $5.1M ($0.13/unit) vs net income of $11.5M a year ago; includes $5.1M loss on debt extinguishment.
Q4 2022 net loss of $0.4M ($0.01/unit); adjusted EBITDA $17.8M vs $39.7M in Q4 2021.
Martin Midstream Partners closes $400M senior secured second lien notes offering at 11.5% due 2028
Issued $400M aggregate principal amount of 11.500% senior secured second lien notes due February 15, 2028.
Martin Midstream Partners prices $400M of 11.500% senior secured second lien notes due 2028
$400M aggregate principal of 11.500% senior secured second lien notes due 2028, priced at 97.000% of face.
Martin Midstream Partners Amends Credit Facility, Announces $400M Note Offering and Tender Offers
Entered Fourth Amended and Restated Credit Agreement with $200M revolving commitment, decreasing to $150M by June 2024, maturing 4 years after closing.
Martin Midstream posts preliminary Q4 2022 net loss; to exit butane optimization in Q2 2023
Preliminary Q4 2022 net loss of -$1.5M to +$0.5M vs $10.8M net income in Q4 2021.
Martin Midstream Q3 net loss $28M ($0.71/unit); cuts FY22 adj. EBITDA guide to $116-121M
Net loss of $28.0M in Q3 2022 vs $6.9M loss in Q3 2021, including $21.8M inventory write-down.
MMLP Q2 net income $6.6M, raises FY2022 EBITDA guidance to $126-135M
Net income $6.6M vs loss of $6.6M YoY; diluted EPS $0.17, revenue $267M (+45%).
Martin Midstream Q1 adj. EBITDA $40M, beats guidance; raises 2022 outlook to $110-120M
Net income $11.5M ($0.29/unit) vs $2.5M ($0.06/unit) YoY; revenue $279.2M, up 39%.
Reported net income of $10.8M for Q4 2021 and net loss of $0.2M for full year 2021.
Senterfitt (owned by CEO Ruben Martin) acquired Alinda's 49% voting interest in Holdings, which controls the GP.
Martin Midstream Q3 net loss narrows to $6.9M; revenue up 39% YoY to $211.3M
Net loss of $6.9M ($0.17/unit) vs $10.8M loss a year ago; revenue $211.3M (+38.6% YoY).
Net loss of $6.6M ($0.17/unit) vs loss of $2.2M ($0.06/unit) in Q2 2020; adjusted EBITDA $22.5M vs $23.9M.
Zachary S. Stanton and Christopher M. Reid (collectively, the “Departing Directors”) resigned as directors of the Board, effective November 23, 2021.
Zachary S. Stanton and Christopher M. Reid (collectively, the “Departing Directors”) resigned as directors of the Board, effective November 23, 2021.
Max materiality 0.95 · Median 0.70 · Most common event earnings