Caspian says it ‘moved on’ from prior efforts to acquire Martin Midstream
Martin Midstream Partners Update: Caspian Capital supports Martin Midstream Partners' decision to terminate its merger with Martin Resource Management Corporation, emphasizing confidence in MMLP's standalone value and potential for unitholders.
Future Focus: Caspian Capital has ceased acquisition efforts and will concentrate on monitoring MMLP's performance and engaging in strategies to enhance value creation for unitholders.
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- Cash Distribution Announcement: Martin Midstream Partners has declared a quarterly cash distribution of $0.005 per unit for Q4 2025, payable on February 13, 2026, reflecting the company's ongoing cash flow stability.
- Record Date for Shareholders: The record date for this distribution is February 6, 2026, indicating the company's commitment to transparency and accountability in shareholder returns.
- Earnings Release Schedule: The company plans to report its Q4 2025 financial results and provide 2026 guidance on February 18, 2026, which is expected to offer investors a clear outlook on future performance.
- Tax Compliance Notice: The announcement includes a statement that distributions to non-U.S. investors will be subject to withholding at the highest applicable tax rate, ensuring the company adheres to relevant tax regulations and maintains compliance.

- Leadership Transition: Martin Midstream announced the retirement of Vice President of Fertilizer William Posey effective December 31, 2025, with Michael Lawrence set to take over, consolidating sulfur and sulfur-based fertilizer operations to enhance operational efficiency.
- Experienced Successor: Lawrence, who joined Martin in 2008, brings over 27 years of experience in the sulfur and sulfuric acid industries, and is expected to leverage his expertise and leadership to ensure continued success in the fertilizer division.
- Strategic Integration: This organizational change aims to fully utilize the technical and operational synergies between the sulfur and fertilizer divisions, enhancing the efficiency and consistency of commercial activities, thereby improving customer satisfaction.
- Industry Engagement: Posey's leadership and active participation in industry associations highlight Martin Midstream's influence and professionalism in the sector, which will continue to shape the company's strategic direction moving forward.

- Investor Meeting Schedule: Martin Midstream Partners will participate in the Wells Fargo 24th Annual Energy and Power Symposium on December 9, 2025, in New York City, showcasing its diverse operations in the petroleum products and by-products sector.
- Business Diversity: The company's primary operations include terminaling, processing, and storage services for petroleum products, as well as land and marine transportation services, highlighting its strong market position in the Gulf Coast region of the United States.
- Information Access: Investors can access the latest investor presentation through the Investor Relations tab on Martin Midstream's website, enhancing transparency and facilitating communication with stakeholders.
- Strategic Positioning: The diverse business lines of Martin Midstream not only enhance its competitiveness in the energy sector but also lay a foundation for future growth and market expansion.

Quarterly Performance: Martin Midstream reported a wider net loss of $0.21 per unit, compared to $0.08 in the previous year, with adjusted core earnings dropping 23% to $19.3 million due to weaker lubricant results and declining barge utilization.
Market Outlook: The company withdrew its 2025 guidance amid current demand softness, although it anticipates improved performance in the lubricants market following the exit of a major competitor and expects a return to full operations in the sulfur services segment after planned turnarounds.

Financial Results Announcement: Martin Midstream Partners L.P. will release its third quarter 2025 financial results on October 15, 2025, after market close, accessible via their website.
Company Overview: Martin Midstream Partners, based in Kilgore, Texas, operates in the Gulf Coast region, providing services in petroleum product terminalling, transportation, sulfur processing, and natural gas liquids distribution.

Financial Results Announcement: Martin Midstream Partners L.P. will announce its financial results for Q2 2025 on July 16, 2025, after market close, accessible via their website.
Company Overview: Based in Kilgore, Texas, MMLP operates in the Gulf Coast region, providing services such as petroleum product storage, transportation, and sulfur processing.





