Martin Midstream Partners reports 3Q24 financial results and a loss of $3.3 million

Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the Partnership’s General Partner, stated, “I am pleased with the Partnership’s third quarter financial results of $25.1 million in Adjusted EBITDA despite the slight miss of $1.3 million satisfied compared to guidance targeting adjusted EBITDA of $26.4 million. During the quarter, the Partnership recorded additional expenses of $1.4 million relative to forecasts related to our long-term incentive plans, which are tied to the fair market value of our common units. With the exception of the Specialty Products business, financial results in all other segments were above forecast when these additional costs were taken into account.”

“As we look to the coming months leading up to the potential merger with MRMC, our team remains committed to executing our long-term strategy; and focused on increasing the value we provide to our customers, suppliers and the communities in which we live and in which our companies operate.”

Read the article online at: