Martin Midstream Partners Announces Quarterly Cash Distribution and Release Date of First Quarter 2017 Results
April 20 2017 - 4:01PM
Martin Midstream Partners L.P. (NASDAQ:MMLP) announced today it has
declared a quarterly cash distribution of $0.50 per unit, or $2.00
per unit on an annualized basis, for the quarter ended March 31,
2017. The quarterly distribution is unchanged from the
distribution paid following the previous quarter. The
distribution is payable on May 15, 2017 to common unitholders of
record as of the close of business on May 8, 2017. The
ex-dividend date for the cash distribution is May 4, 2017.
Martin Midstream Partners plans to publicly
release its financial results for the first quarter ended March 31,
2017 after the market closes on Wednesday, April 26, 2017. An
investors conference call to review the first quarter results will
be held on Thursday, April 27, 2017 at 8:00 a.m. Central Time. The
conference call can be accessed by calling (877) 878-2695. An
audio replay of the conference call will be available by calling
(855) 859-2056 from 11:00 a.m. Central Time on April 27, 2017
through 10:59 p.m. Central Time on May 8, 2017. The access
code for the conference call and the audio replay is Conference ID
No. 5945983. The audio replay of the conference call will also be
archived on Martin Midstream Partners’ website at
www.martinmidstream.com.
During the conference call, management will
discuss certain non-generally accepted accounting principle
financial measures for which reconciliations to the most directly
comparable GAAP financial measures will be provided in Martin
Midstream Partners’ announcement concerning its financial results
for the quarter ended March 31, 2017 which will be available on the
investor relations page of Martin Midstream Partners’ website.
Qualified Notice to Nominees
This release serves as qualified notice to
nominees as provided for under Treasury Regulation Section
1.1446-4(b)(4) and (d). Please note that 100 percent of the
Partnership's distributions to foreign investors are attributable
to income that is effectively connected with a United States trade
or business. Accordingly, all of the Partnership's
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate for individuals
or corporations, as applicable. Nominees, and not the
Partnership, are treated as withholding agents responsible for
withholding on the distributions received by them on behalf of
foreign investors.
About Martin Midstream Partners
Martin Midstream Partners L.P. is a publicly
traded limited partnership with a diverse set of operations focused
primarily in the United States Gulf Coast region. The
Partnership's primary business lines include: (1) terminalling,
storage and packaging services for petroleum products and
by-products; (2) natural gas liquids transportation and
distribution services and natural gas storage; (3) sulfur and
sulfur-based products processing, manufacturing, marketing and
distribution; and (4) marine transportation services for petroleum
products and by-products.
Forward-Looking Statements
Statements about Martin Midstream Partners'
outlook and all other statements in this release other than
historical facts are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements and all references to financial
estimates rely on a number of assumptions concerning future events
and are subject to a number of uncertainties and other factors,
many of which are outside its control, which could cause actual
results to differ materially from such statements. While Martin
Midstream Partners believes that the assumptions concerning future
events are reasonable, it cautions that there are inherent
difficulties in anticipating or predicting certain important
factors. A discussion of these factors, including risks and
uncertainties, is set forth in Martin Midstream Partners' annual
and quarterly reports filed from time to time with the Securities
and Exchange Commission. Martin Midstream Partners disclaims any
intention or obligation to revise any forward-looking statements,
including financial estimates, whether as a result of new
information, future events, or otherwise.
Additional information concerning Martin
Midstream is available on its website at
www.martinmidstream.com.
For more information:
Joe McCreery, IRC – Head of Investor Relations
903-988-6425
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