MARTIN MIDSTREAM PARTNERS (MMLP) Company Report

Martin Midstream Partners L.P. reported a net loss of $8.4 million and Adjusted EBITDA of $19.3 million for the third quarter ended September 30, 2025.
The Partnership declared a quarterly cash dividend of $0.005 per common unit.
MMLP is withdrawing its full year 2025 guidance due to uncertainty and demand softness impacting inland barge fuel transportation in the Transportation segment.
The adjusted leverage ratio increased to 4.63 times as of September 30, 2025, compared to 4.20 times on June 30, 2025, though the Partnership was in compliance with all debt covenants.

Oct 15, 2025, 8:30 PM

Martin Midstream Partners L.P. Amends and Extends Revolving Credit Facility

MMLP

Debt Issuance

Martin Midstream Partners L.P. (MMLP) announced the amendment and extension of its revolving credit facility, extending the maturity date from February 8, 2027, to November 16, 2027.
The facility's borrowing capacity was decreased from $150 million to $130 million.
As of June 30, 2025, the Partnership had $41 million outstanding under the credit facility, which also includes an accordion feature for up to an additional $50 million.
The amendment revises financial covenants, requiring a minimum Interest Coverage Ratio of 1.75 to 1.00 for fiscal quarters ended March 31, 2025, and thereafter. It also sets a maximum Total Leverage Ratio of 4.50 to 1.00 for Q1 and Q2 2025, stepping up to 4.75 to 1.00 for Q3 2025 and thereafter, and a maximum First Lien Leverage Ratio of 1.25 to 1.00 for fiscal quarters ended March 31, 2025, and thereafter.