Nut Tree and Caspian Reiterate $4.00 per Common Unit Offer Representing 31% Premium to Alternate Offer Made by Martin Resource Management CorporationNut Tree and Caspian Call for Any Transaction with MRMC be Subject to Approval of Majority of Unaffiliated Common Unit HoldersNEW 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 Marti
Martin Midstream Partners (NASDAQ:MMLP) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.08 by 12.5 percent. The company reported quarterly sales of $184.531 million which missed the analyst consensus estimate of $193.906 million by 4.83 percent. This is a 5.68 percent decrease over sales of $195.636 million the same period last year.
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 general partner or in pursuing any other strategic alternative involving MMLP or the general partner. We are not able to further comment at this time on our proposal to acquire the outstanding common units of MMLP, as we remain in act
Net income of $3.8 million and $7.1 million for the three and six months ended June 30, 2024, respectively Adjusted EBITDA of $31.7 million and $62.1 million for the three and six months ended June 30, 2024, respectively Total adjusted leverage of 3.88 times as of June 30, 2024 Declares quarterly cash dividend of $0.005 per common unit 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
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-registration for the event and a webcast of the conference call is also available by visiting the Events and Presentations section under Investor Relations on our website at www.MMLP.com. During the conference call, manageme
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 2023 Adjusted EBITDA of $30.4 million for the first quarter of 2024 and maintains full year adjusted EBITDA guidance of $116.1 million Total adjusted leverage of 3.81 times as of March 31, 2024 Declares quarterly cash dividend of $0.005 per common unit 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 r
4 - MARTIN MIDSTREAM PARTNERS L.P. (0001176334) (Issuer)
4 - MARTIN MIDSTREAM PARTNERS L.P. (0001176334) (Issuer)
4 - MARTIN MIDSTREAM PARTNERS L.P. (0001176334) (Issuer)
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10-Q - MARTIN MIDSTREAM PARTNERS L.P. (0001176334) (Filer)
8-K - MARTIN MIDSTREAM PARTNERS L.P. (0001176334) (Filer)
10-Q - MARTIN MIDSTREAM PARTNERS L.P. (0001176334) (Filer)
4 - MARTIN MIDSTREAM PARTNERS L.P. (0001176334) (Issuer)
4 - MARTIN MIDSTREAM PARTNERS L.P. (0001176334) (Issuer)
4 - MARTIN MIDSTREAM PARTNERS L.P. (0001176334) (Issuer)
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 Ca
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 Mar
Net income of $3.8 million and $7.1 million for the three and six months ended June 30, 2024, respectively Adjusted EBITDA of $31.7 million and $62.1 million for the three and six months ended June 30, 2024, respectively Total adjusted leverage of 3.88 times as of June 30, 2024 Declares quarterly cash dividend of $0.005 per common unit 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