Martin Midstream Partners Reports Q4 and Full Year 2024 Results, Releases 2025 Guidance

MMLP
September 20, 2025
Martin Midstream Partners L.P. announced its financial results for the fourth quarter and full year ended December 31, 2024, on February 12, 2025. For Q4 2024, Adjusted EBITDA was $23.3 million, falling approximately $5.5 million below guidance. The Partnership reported a net loss of $8.9 million, or $0.22 per unit, for the quarter. For the full year 2024, Adjusted EBITDA totaled $110.6 million, also below annual guidance by approximately $5.5 million, with a net loss of $5.2 million, or $0.13 per unit. Total debt outstanding was $453.6 million as of year-end, and the adjusted leverage ratio was 3.96x. Capital expenditures for 2024 amounted to $59.5 million, including $25.4 million for growth projects and $34.1 million for maintenance. Looking ahead, MMLP provided 2025 guidance, projecting Adjusted EBITDA of $109.1 million and capital expenditures of $34.9 million for growth, maintenance, and plant turnaround costs. The Partnership anticipates generating approximately $18.8 million in Adjusted Free Cash Flow for fiscal year 2025. The company also declared a quarterly cash distribution of $0.005 per unit for the fourth quarter of 2024. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.