Brief: Martin Midstream Specialty Terminals, Refinery Cash Flows Stable

Martin Midstream Partners LP

25/01/2023 11:16

Jan 25 (Reuters) - Martin Midstream Partners LP
 MMLP.O :
    * MARTIN MIDSTREAM PARTNERS - SPECIALTY TERMINALS AND
REFINERY
CASH FLOWS REMAINED STABLE AND ANTICIPATE THEM TO CONTINUE AT
CURRENT LEVELS THROUGH 2023
    * MARTIN MIDSTREAM PARTNERS - SALES MARGINS IN LUBRICANTS &
SPECIALTY PRODUCTS DIVISIONS WERE IN-LINE WITH Q4 FORECAST
ALTHOUGH VOLUMES WERE SLIGHTLY REDUCED
    * MARTIN MIDSTREAM PARTNERS LP - ANTICIPATE CONTRACT
REVISION WITH
MARTIN ENERGY SERVICES WILL INCREASE CASH FLOW BY ABOUT $3.0
MILLION IN 2023
    * MARTIN MIDSTREAM PARTNERS - SEES TRANSPORTATION SEGMENT TO
BE
STABLE Y-O-Y WITH GROWTH IN MARINE & SLIGHT SOFTENING IN LAND
DIVISION DUE TO INCREASING COSTS
    * MARTIN MIDSTREAM PARTNERS LP - FERTILIZER SALES VOLUMES
WERE
UNDER PRESSURE IN FIRST MONTH OF Q4 2022 BUT IMPROVED TOWARD END
OF YEAR
    * MARTIN MIDSTREAM PARTNERS - LOOKING FORWARD, FOCUS REMAINS
ON
CAPITAL DISCIPLINE, AS WE SEEK TO REDUCE BORROWING COSTS AND
WORKING CAPITAL NEEDS
    * MARTIN MIDSTREAM PARTNERS LP - INTENDS TO EXIT BUTANE
OPTIMIZATION BUSINESS AT CONCLUSION OF BUTANE SELLING SEASON
DURING Q2 OF 2023
    * MARTIN MIDSTREAM PARTNERS LP - INTEND TO MARKET OUR BUTANE
STORAGE CAPACITY TO OUR BUTANE BLENDING BUSINESS PARTNERS

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