Martin Midstream Partners Reports First Quarter 2024 Financial Results and Declares Quarterly Cash Distribution
Martin Midstream Partners L.P. - Common Units Representing Limited Partnership Interests (MMLP)
Last martin midstream partners l.p. - common units representing limited partnership interests earnings: 4/22 05:00 pm
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ir.martinmidstream.com
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Source: Business Wire
Net income of $3.3 million for the first quarter of 2024 compared to a net loss of $5.1 million for the same period in 2023Adjusted EBITDA of $30.4 million for the first quarter of 2024 and maintains full year adjusted EBITDA guidance of $116.1 millionTotal adjusted leverage of 3.81 times as of March 31, 2024Declares quarterly cash dividend of $0.005 per common unit KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (Nasdaq: MMLP) (“MMLP” or the “Partnership”) today announced its financial results for the first quarter of 2024.Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership, stated, “The Partnership had a strong quarter resulting in adjusted EBITDA of $30.4 million compared to guidance of $31.6 million. Demand in both the marine and land transportation divisions remain robust leading to outperformance in the transportation segment when compared to our forecast. However, lower than forecasted margin
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MMLP
Earnings
- 4/17/24 - Beat
MMLP
Sec Filings
- 4/23/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/10/24 - Form 4
- MMLP's page on the SEC website