Martin Midstream Partners
MMLP

$3.55

1.39%

Market Cap: $138M

About: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. Company operates in four segment Terminalling and storage, Transportation, Sulfur service and Specialty products segment. Majority of the revenue derived from Specialty products segment.

Employees: 1,619

Energy Petroleum Bulk Stations & Terminals

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

441% more call options, than puts

Call options by funds: $595K | Put options by funds: $110K

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

35% more capital invested

Capital invested by funds: $35.1M [Q1] → $47.5M (+$12.4M) [Q2]

23% more funds holding

Funds holding: 31 [Q1] → 38 (+7) [Q2]

2.55% more ownership

Funds ownership: 35.14% [Q1] → 37.69% (+2.55%) [Q2]

13% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 8

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Research analyst outlook

We haven’t received any recent analyst ratings for MMLP.

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Financial journalist opinion

Total Midstream/MLPs Repurchases Top $1 Billion in 2Q24

Summary Five constituents in the broad Alerian Midstream Energy Index (AMNA) spent a combined $1.02 billion on equity repurchases in 2Q24. Over 85% of AMNA by weighting currently have a buyback authorization in place.

Total Midstream/MLPs Repurchases Top $1 Billion in 2Q24

Nut Tree Capital Management and Caspian Capital Increase Offer to Purchase Martin Midstream Partners L.P. to $4.50 per Common Unit In Cash

Enhanced Offer Represents a 48% Premium to Martin Resource Management Corporation's Proposal, Which Significantly Undervalues MMLP and its Future Prospects Despite Repeated Requests and Superior Value Being Offered to MMLP Unitholders, Martin Midstream GP LLC's Conflicts Committee Refuses to Meet with Nut Tree and Caspian Directly Nut Tree and Caspian Call on Conflicts Committee to Act in Best Interests of All MMLP Unitholders by Meeting with Nut Tree and Caspian and Requiring Approval of the Majority of Unaffiliated Unitholders for Any Transaction with Martin Resource Management Corporation NEW YORK , July 29, 2024 /PRNewswire/ -- Nut Tree Capital Management L.P. ("Nut Tree") and Caspian Capital L.P.

Nut Tree Capital Management and Caspian Capital Increase Offer to Purchase Martin Midstream Partners L.P. to $4.50 per Common Unit In Cash

Nut Tree Capital Management and Caspian Capital Send Letter Highlighting Grossly Conflicted Conflicts Committee of the Martin Midstream GP LLC Board of Directors

Nut Tree and Caspian Reiterate $4.00 per Common Unit Offer Representing 31% Premium to Alternate Offer Made by Martin Resource Management Corporation Nut Tree and Caspian Call for Any Transaction with MRMC be Subject to Approval of Majority of Unaffiliated Common Unit Holders NEW YORK , July 19, 2024 /PRNewswire/ -- Nut Tree Capital Management LP ("Nut Tree") and Caspian Capital LP ("Caspian"), today sent a letter to the Conflicts Committee of the Board of Directors (the "Conflicts Committee") of Martin Midstream GP LLC (the "General Partner") highlighting the serious conflicts of interest among the Conflicts Committee, General Partner, Martin Resource Management Corporation ("MRMC"), and Martin Midstream Partners L.P. (NASDAQ: MMLP) ("MMLP" or the "Partnership").

Nut Tree Capital Management and Caspian Capital Send Letter Highlighting Grossly Conflicted Conflicts Committee of the Martin Midstream GP LLC Board of Directors

Martin Midstream Partners L.P. (MMLP) Q2 2024 Earnings Call Transcript

Martin Midstream Partners L.P. (NASDAQ:MMLP ) Q2 2024 Results Conference Call July 18, 2024 9:00 AM ET Company Participants Sharon Taylor - Chief Financial Officer Bob Bondurant - CEO Randy Tauscher - COO David Cannon - Controller Danny Cavin - Director of FP&A Conference Call Participants Selman Akyol - Stifel Kyle May - Sidoti & Company Patrick Fitzgerald - Baird Operator Good morning.

Martin Midstream Partners L.P. (MMLP) Q2 2024 Earnings Call Transcript

Martin Midstream Partners Reports Second Quarter 2024 Financial Results and Declares Quarterly Cash Distribution

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (Nasdaq: MMLP) (“MMLP” or the “Partnership”) today announced its financial results for the second quarter of 2024. Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership, stated, “For the second quarter of 2024, the Partnership exceeded guidance by $0.5 million with adjusted EBITDA of $31.7 million compared to guidance of $31.2 million. Within our Transportation Servi.

Martin Midstream Partners Reports Second Quarter 2024 Financial Results and Declares Quarterly Cash Distribution

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Martin Midstream (MMLP) Units Gain Amid Buyout Proposals

Martin Midstream (MMLP) is engaged in discussions with the Conflicts Committee regarding the buyout offer from MRMC, disregarding the superior offer made by Nut Tree and Caspian Capital.

Martin Midstream (MMLP) Units Gain Amid Buyout Proposals

Martin Resource Management Corporation Issues Comment to Nut Tree Capital and Caspian Capital Proposal

KILGORE, Texas--(BUSINESS WIRE)--Martin Resource Management Corporation (“MRMC”), owner of the general partner of Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”), today announces that in regard to the proposal announced by Nut Tree Capital and Caspian Capital with respect to MMLP, MRMC reiterates the statement in our publicly disclosed proposal that we are interested only in acquiring all of the outstanding common units of MMLP and have no interest in selling our interests in MMLP or the.

Martin Resource Management Corporation Issues Comment to Nut Tree Capital and Caspian Capital Proposal

Nut Tree Capital Management and Caspian Capital Propose to Acquire Martin Midstream Partners L.P. for $4.00 Per Common Unit in Cash

Nut Tree and Caspian Offer Represents a 31% Premium – and a Highly Compelling Alternative – to Martin Resource Management Corporation's Below Market and Conflict-Ridden Proposal Nut Tree and Caspian Are Making Offer Public After Conflicts Committee of the Board of Martin Midstream's General Partner Has Refused to Engage Nut Tree and Caspian Have Advisors in Place and Are Prepared to Commence Expedited Due Diligence; Offer is Not Subject to a Financing Condition Nut Tree and Caspian Will Consider all Available Alternatives if Conflicts Committee Refuses to Meaningfully Engage NEW YORK , July 11, 2024 /PRNewswire/ -- Nut Tree Capital Management LP ("Nut Tree") and Caspian Capital LP ("Caspian"), today announced they sent a letter to the Conflicts Committee of the Board of Directors (the "Committee") of Martin Midstream GP LLC (the "General Partner") in which Nut Tree and Caspian reiterated their non-binding proposal made on June 21, 2024 to acquire Martin Midstream Partners L.P. (NASDAQ: MMLP) ("MMLP") for $4.00 per MMLP common unit in cash (the "Proposal").

Nut Tree Capital Management and Caspian Capital Propose to Acquire Martin Midstream Partners L.P. for $4.00 Per Common Unit in Cash

Martin Midstream Partners L.P. Sets Date for Release of Second Quarter 2024 Financial Results and Conference Call

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) will announce its financial results for the second quarter of 2024 on Wednesday, July 17, 2024, after the market closes. An investors' conference call to review second quarter results will be held the following day. Date: Thursday, July 18, 2024 Time: 8:00 a.m. CT (please dial in by 7:55 a.m.) Dial In #: (888) 330-2384 Conference ID: 8536096 Replay Dial In # (800) 770-2030 – Conference ID: 8536096 Pre-regist.

Martin Midstream Partners L.P. Sets Date for Release of Second Quarter 2024 Financial Results and Conference Call

Martin Midstream Partners L.P. 2023 Schedule K-3 Forms Now Available

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“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. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unithold.

Martin Midstream Partners L.P. 2023 Schedule K-3 Forms Now Available

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