Martin Midstream Partners Announces Quarterly Cash Distribution
October 18 2018 - 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
September 30, 2018. The quarterly distribution is unchanged
from the distribution paid following the previous quarter.
The distribution is payable on November 14, 2018 to common
unitholders of record as of the close of business on November 7,
2018.
Martin Midstream Partners plans to release its
financial results for the quarter ended September 30, 2018 after
the market closes on Wednesday, October 24, 2018. A
conference call to review the third quarter results will be held on
Thursday, October 25, 2018 at 8:00 a.m. Central Time. The live
conference call will be available by calling (877) 878-2695.
For a limited time, an audio replay of the conference call will be
available by calling (855) 859-2056. The conference ID is 2995789.
An archive of the replay will be 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 September 30, 2018. This information 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) natural gas
liquids transportation and distribution services and natural gas
storage; (2) terminalling, storage and packaging services for
petroleum products and by-products; (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 because of new information,
future events, or otherwise.
Additional information concerning Martin
Midstream is available on its website at www.martinmidstream.com,
or
Sharon Taylor– Head of Investor Relations(877)
256-6644
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