Articles from Martin Midstream Partners L.P.

Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced the termination of the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated October 3, 2024, with Martin Resource Management Corporation (“MRMC”), pursuant to which MRMC would have acquired all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the “Merger”). The Merger Agreement was terminated by the mutual written consent of MRMC and MMLP (with the approval of the Conflicts Committee of the Board of Directors of Martin Midstream GP LLC (the “General Partner”)) pursuant to the terms of the Merger Agreement. MMLP will continue to operate as a standalone publicly traded company.

Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) is pleased to announce that leading independent proxy advisory firm Glass Lewis & Co. (“Glass Lewis”) joins Institutional Shareholder Services Inc (“ISS”) in recommending that unitholders vote “FOR” the pending transaction with Martin Resource Management Corporation (“MRMC”) in advance of the upcoming MMLP Special Meeting of unitholders, which is scheduled for December 30, 2024.

Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today is pleased to announce that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) recommends that unitholders vote “FOR” the pending transaction with Martin Resource Management Corporation (“MRMC”) in advance of the upcoming MMLP Special Meeting of unitholders, which is scheduled for December 30, 2024.

Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced the filing of an investor presentation with the U.S. Securities and Exchange Commission highlighting that the Company’s pending transaction with Martin Resource Management Corporation (“MRMC”) maximizes value for and is in the best interests of unitholders. The Conflicts Committee and the Board of Directors of Martin Midstream GP LLC (the “GP Board”) unanimously recommend that unitholders use the WHITE proxy card or WHITE voting instruction form to vote “FOR” the transaction in advance of the upcoming MMLP Special Meeting of unitholders, which is scheduled for December 30, 2024.

Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with Martin Resource Management Corporation’s (“MRMC”) pending acquisition of all of the outstanding MMLP common units other than common units already owned by MRMC and its subsidiaries, in an all-cash merger transaction whereby each unitholder will receive $4.02 per common unit. MMLP also launched a website, MaximizeValueforMMLP.com, which highlights the terms and benefits of the transaction and provides voting instructions for eligible unitholders.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) today issued the following statement in response to the press release issued by Nut Tree Capital Management and Caspian Capital:

Martin Midstream Partners L.P. (Nasdaq: MMLP) (“MMLP” or the “Partnership”) today announced its financial results for the third quarter of 2024.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) will announce its financial results for the third quarter of 2024 on Wednesday, October 16, 2024, after the market closes.

Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced that it has entered into a definitive agreement and plan of merger (“Merger Agreement”) pursuant to which Martin Resource Management Corporation (“MRMC”) would acquire all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the “Public Common Units”). The Merger Agreement follows the offer made by MRMC in May 2024 to acquire the Public Common Units.

Martin Midstream Partners L.P. (Nasdaq: MMLP) (“MMLP” or the “Partnership”) today announced its financial results for the second quarter of 2024.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) will announce its financial results for the second quarter of 2024 on Wednesday, July 17, 2024, after the market closes.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) today announced that its 2023 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at https://www.taxpackagesupport.com/martinmidstream.

On June 15, 2024, Martin Midstream Partners L.P. (NASDAQMMLP) (the “Partnership”) became aware of a spill of approximately 2,000 barrels of crude oil originating from the Partnership’s transfer pipeline which connects our Sandyland Terminal to the Smackover Refinery in Smackover, Union County, Arkansas. The Partnership is working closely with the Environmental Protection Agency (“EPA”), Arkansas Department of Energy and Environment, and Arkansas Game and Fish Commission to respond to the spill.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) today announced that Martin Resource Management Corporation (“MRMC”) filed an amendment to its Schedule 13D (the “13D Amendment”) with the U.S. Securities and Exchange Commission. The 13D Amendment discloses that MRMC has made a non-binding proposal to the Conflicts Committee (the “Conflicts Committee”) of the Board of Directors of Martin Midstream GP LLC (the “GP Board”), the general partner of MMLP, pursuant to which MRMC would acquire all of the outstanding Common Units of MMLP not already owned by MRMC or its subsidiaries for a cash purchase price of $3.05 per Common Unit. The other terms of proposal are set forth in the 13D Amendment.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that it will host investor one-on-one meetings on Wednesday, May 22, 2024 at the 21st Annual Energy Infrastructure CEO & Investor Conference in Aventura, Florida. A copy of the Partnership’s presentation will be available under the Investor Relations tab on the Partnership’s website at www.MMLP.com.

Martin Midstream Partners L.P. (Nasdaq: MMLP) (“MMLP” or the “Partnership”) today announced its financial results for the first quarter of 2024.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) will announce its financial results for the first quarter of 2024 on Wednesday, April 17, 2024, after the market closes.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) announced today that its 2023 Investor Tax Packages including Schedule K-1 are now available online. Information reported in these tax packages could be subject to change given potential retroactive changes in the tax law that are still being considered by the U.S. Congress and the Biden administration. If the Tax Relief for American Families and Workers Act of 2024 (referred to as “H.R. 7024”), which passed the House of Representatives on January 31, 2024, and is currently awaiting action in the U.S. Senate, were to become law, it may or may not require us to make changes to our tax reporting for 2023. Such changes may impact the information provided in these tax packages.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) today provided an update on the expected availability of the partnership’s 2023 Investor Tax Packages including Schedule K-1 for its common unitholders.

Martin Midstream Partners L.P. (Nasdaq:MMLP) (“MMLP” or the “Partnership”) today announced its financial results for the three months and year ended December 31, 2023.

Martin Midstream Partners L.P. (NASDAQMMLP) announced it has declared a quarterly cash distribution of $0.005 per unit for the quarter ended December 31, 2023. The distribution is payable on February 14, 2024 to common unitholders of record as of the close of business on February 7, 2024. The ex-dividend date for the cash distribution is February 6, 2024.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) will announce its financial results for the fourth quarter of 2023 on Wednesday, February 14, 2024 after the market closes.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will participate in the 2023 Wells Fargo Midstream and Utilities Symposium taking place Wednesday, December 6 and Thursday, December 7, 2023. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.

Martin Midstream Partners L.P. (Nasdaq:MMLP) (“MMLP” or the "Partnership") today announced its financial results for the third quarter of 2023.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) plans to announce financial results for third quarter 2023 after the market closes on Wednesday, October 18.

Martin Midstream Partners L.P. (Nasdaq:MMLP) (“MMLP” or the "Partnership") today announced its financial results for the second quarter of 2023.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) plans to announce financial results for second quarter 2023 after the market closes on Wednesday, July 19.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that it will host investor one-on-one meetings on Tuesday, May 23, 2023 at the 20th Annual Energy Infrastructure CEO & Investor Conference in West Palm Beach, Florida. A copy of the Partnership’s presentation will be available under the Investor Relations tab on the Partnership’s website at www.MMLP.com.

Martin Midstream Partners L.P. (Nasdaq:MMLP) (“MMLP” or the "Partnership") today announced its financial results for the first quarter of 2023.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) plans to announce financial results for first quarter 2023 after the market closes on Wednesday, April 19.

Martin Midstream Partners L.P. (NASDAQMMLP) (the “Partnership”) announced today that the Partnership’s 2022 tax package, which includes Schedule K-1, will be available to download after 5:00 p.m. Central Time today from the Investor Relations section of the Partnership’s website and may also be accessed by visiting https://www.taxpackagesupport.com/martinmidstream. In an effort to be environmentally friendly, the Partnership encourages its unitholders to sign up for electronic delivery of their MMLP tax package.

Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") today announced its financial results for the fourth quarter and year ended December 31, 2022.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) plans to release its financial results for the fourth quarter and full-year ended December 31, 2022 and issue 2023 financial guidance after the market closes on February 15, 2023.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) today announced the expiration and results of its previously announced cash tender offers to purchase (i) any and all of the approximately $53.7 million outstanding aggregate principal amount of the 10.00% senior secured 1.5 lien notes due 2024 (the “2024 Notes”) issued by MMLP and its wholly owned subsidiary, Martin Midstream Finance Corp. (together with MMLP, the “Issuers”), and (ii) any and all of the approximately $291.4 million outstanding aggregate principal amount of the Issuers’ 11.50% senior secured second lien notes due 2025 (the “2025 Notes” and, together with the 2024 Notes, the “Existing Notes”), with a portion of the net proceeds from the Issuers’ concurrent private placement of $400 million in aggregate principal amount of 11.500% senior secured second lien notes due 2028 (the “New Notes”), which private placement is expected to close on February 8, 2023, subject to customary conditions.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) and its wholly owned subsidiary, Martin Midstream Finance Corp. (“MMFC” and together with MMLP, the “Issuers”), have priced their offering of $400 million in aggregate principal amount of 11.500% senior secured second lien notes due 2028 (the “Notes”) at a price to the public of 97.000% of their face value. The Notes will be guaranteed by certain of MMLP’s current wholly owned subsidiaries and future subsidiaries. The Notes and the guarantees will be secured on a second-priority basis by a lien on the collateral of the Issuers and the guarantors, which will consist of substantially all the assets of the Issuers and the guarantors, subject to certain exceptions.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) announced today that its wholly owned subsidiary, Martin Operating Partnership L.P., as borrower, MMLP and certain of MMLP’s other subsidiaries, as guarantors, entered into an amendment to MMLP’s existing revolving credit facility (as so amended, the “Amended Credit Facility”). The Amended Credit Facility will become effective upon the closing of the offering by MMLP and its wholly owned subsidiary, Martin Midstream Finance Corp., of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the “Notes”), which was also announced today by MMLP, and the satisfaction of certain other conditions related thereto. The Amended Credit Facility amends MMLP’s existing revolving credit facility entered into on March 28, 2013 to, among other things, (i) extend the stated maturity date from August 2023 to February 2027; (ii) reduce the commitments from $275.0 million to $200.0 million, then further reduce such commitments to $175.0 million on June 30, 2023 and then further reduce such commitments to $150.0 million on June 30, 2024; and (iii) permit the revolving credit facility to be increased from time to time upon MMLP’s written request, subject to certain conditions (including the consent of the increasing lenders), up to an additional $50.0 million.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) announced that it has commenced cash tender offers to purchase (i) any and all of the approximately $53.7 million outstanding aggregate principal amount of the 10.00% senior secured 1.5 lien notes due 2024 (the “2024 Notes”) issued by MMLP and its wholly owned subsidiary, Martin Midstream Finance Corp. (together with MMLP, the “Issuers”), and (ii) any and all of the approximately $291.4 million outstanding aggregate principal amount of the Issuers’ 11.50% senior secured second lien notes due 2025 (the “2025 Notes” and, together with the 2024 Notes, the “Existing Notes”), with a portion of the net proceeds from the Issuers’ concurrent private placement of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the “New Notes”), which was also announced today by MMLP. The tender offers are being made pursuant to an offer to purchase and related notice of guaranteed delivery, each dated as of January 30, 2023. The tender offers will expire at 5:00 p.m., New York City time, on February 3, 2023 (as such time and date may be extended, the “expiration time”). Tendered Notes may be withdrawn at any time before the expiration time.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP”) and its wholly owned subsidiary, Martin Midstream Finance Corp. (“MMFC” and together with MMLP, the “Issuers”), intend to commence an offering of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the “Notes”). The Notes will be guaranteed by certain of MMLP’s current wholly owned subsidiaries and future subsidiaries. The Notes and the guarantees will be secured on a second-priority basis by a lien on the collateral of the Issuers and the guarantors, which will consist of substantially all the assets of the Issuers and the guarantors, subject to certain exceptions.

Martin Midstream Partners L.P. (NASDAQMMLP) announced it has declared a quarterly cash distribution of $0.005 per unit for the quarter ended December 31, 2022. The distribution is payable on February 14, 2023 to common unitholders of record as of the close of business on February 7, 2023. The ex-dividend date for the cash distribution is February 6, 2023.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will participate in the 2022 Wells Fargo Midstream and Utilities Symposium taking place Wednesday, December 7 and Thursday, December 8, 2022. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.

Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") today announced its financial results for the third quarter of 2022.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that, through an affiliate Martin ELSA Investment LLC, it has entered into definitive agreements with Samsung C&T America, Inc. and Dongjin USA, Inc., an affiliate of Dongjin Semichem Co., Ltd., to form DSM Semichem LLC (“DSM”). DSM will produce and distribute electronic level sulfuric acid (“ELSA”). By leveraging the existing assets of MMLP located in Plainview, Texas and installing additional facilities (the “ELSA Facility”) as required, DSM will produce ELSA that meets the strict quality standards required by the recent advances in semiconductor manufacturing. In addition to owning a 10% non-controlling interest in DSM, the Partnership will be the exclusive provider of feedstock to the ELSA facility. MMLP, through its affiliate Martin Transport, Inc., will also provide land transportation services to end-users of the ELSA produced by DSM.

Martin Midstream Partners L.P. (NASDAQMMLP) announced it has declared a quarterly cash distribution of $0.005 per unit for the quarter ended September 30, 2022. The distribution is payable on November 14, 2022 to common unitholders of record as of the close of business on November 7, 2022. The ex-dividend date for the cash distribution is November 4, 2022.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) plans to release its financial results for the third quarter ended September 30, 2022 after the market closes on November 2, 2022.

Martin Midstream Partners L.P. (“MMLP” or the “Partnership”) (NASDAQMMLP) announced the sale of its Stockton Sulfur Terminal (the “Stockton Terminal”) to Gulf Terminals LLC. The net proceeds of approximately $5.25 million will be used to reduce outstanding borrowings under the Partnership’s revolving credit facility.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will participate in the 2022 Inaugural Wells Fargo Leveraged Finance Conference taking place Wednesday, September 7th through Friday, September 9th in Nashville, Tennessee. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.

Martin Midstream Partners L.P. (the “Partnership”) today announced that its 2021 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/martinmidstream [taxpackagesupport.com].

Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") today announced its financial results for the second quarter of 2022.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) plans to release its financial results for the second quarter ended June 30, 2022 after the market closes on July 20, 2022.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will participate in the 2022 Energy Infrastructure Council Investor Conference taking place May 16-18, 2022 in West Palm Beach, Florida. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.

Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") today announced its financial results for the first quarter of 2022.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) today announced the expiration and results of its previously announced cash tender offer (the “Excess Cash Flow Offer”) to purchase up to $9,305,000 aggregate principal amount (the “Excess Cash Flow Offer Amount”) of its outstanding 11.50% Senior Secured Second Lien Notes due 2025 (the “Notes”) at a purchase price of 100% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but not including, the purchase date.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) plans to release its financial results for the first quarter ended March 31, 2022 after the market closes on April 20, 2022.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) today announced that it is commencing a cash tender offer (the “Excess Cash Flow Offer”) to purchase up to $9,305,000 aggregate principal amount (the “Excess Cash Flow Offer Amount”) of its outstanding 11.50% Senior Secured Second Lien Notes due 2025 (the “Notes”) at a purchase price of 100% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but not including, the purchase date.

Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") today announced its financial results for the three months and year ended December 31, 2021.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) plans to release its financial results for the fourth quarter ended December 31, 2021 and issue 2022 financial guidance after the market closes on February 16, 2022.

Martin Resource Management Corporation (“MRMC”), announced today that Martin Resource LLC (“MRLLC”), a wholly owned subsidiary of MRMC, exercised its call right options with Senterfitt Holdings Inc. (“Senterfitt”) to acquire a 49% voting interest (50% economic interest) in MMGP Holdings LLC (“Holdings”). Holdings is the sole owner of Martin Midstream GP LLC (the “General Partner”), the general partner of Martin Midstream Partners L.P. (Nasdaq: MMLP) (“MMLP”). Upon closing MRMC indirectly holds 100% of the membership interests in Holdings and the General Partner. The transaction was effective December 22, 2021.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will host virtual meetings during the 2021 Wells Fargo Virtual Midstream, Utility & Renewables Symposium taking place December 8-9, 2021. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today the execution of an amended limited partnership agreement that permanently eliminates the incentive distribution rights (“IDRs”) of its general partner, Martin Midstream GP LLC (the “General Partner”). The elimination of the IDRs, which does not require further consents, is effective immediately.

Martin Resource Management Corporation (“MRMC”), which through its wholly owned subsidiary owns a 51% voting interest (50% economic interest) in MMGP Holdings LLC (“Holdings”), the sole owner of Martin Midstream GP LLC (the “General Partner”), which is the general partner of Martin Midstream Partners L.P. (Nasdaq: MMLP) (“MMLP”), announced today that Senterfitt Holdings Inc. (“Senterfitt”) indirectly acquired the 49% voting interest (50% economic interest) in Holdings owned by certain affiliated investment funds managed by Alinda Capital Partners (“Alinda”) by purchasing certain entities from Alinda. Senterfitt is a privately held investment entity owned by Ruben S. Martin, III, President and Chief Executive Officer of MRMC.

Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") today announced its financial results for the third quarter of 2021.

Martin Midstream Partners L.P. (NASDAQMMLP) plans to release its financial results for the third quarter ended September 30, 2021 after the market closes on October 20, 2021. An investors’ conference call to review the third quarter will be held the following day.

Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") today announced its financial results for the second quarter of 2021.

Martin Midstream Partners L.P. (NASDAQMMLP) plans to release its financial results for the second quarter ended June 30, 2021 after the market closes on July 22, 2021. An investors’ conference call to review the second quarter will be held the following day.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will host virtual meetings during the 2021 Bank of America Energy Credit Conference taking place June 9-10, 2021. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.

Martin Midstream Partners L.P. (NASDAQMMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will host virtual meetings during the 2021 Energy Infrastructure Council Investor Conference taking place May 18-21, 2021. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.

Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") today announced its financial results for the first quarter of 2021.

Martin Midstream Partners L.P. (NASDAQMMLP) plans to release its financial results for the first quarter ended March 31, 2021 after the market closes on April 21, 2021. An investors’ conference call to review the first quarter will be held the following day.