Martin Midstream Partners L.p. · NASDAQ:MMLP
Martin Midstream Partners L.p — Q4 2024 Earnings Presentation
7 slides from Martin Midstream Partners L.p's earnings presentation, Feb 12, 2025
Slide 1: Fourth Quarter 2024 Earnings Summary
Exhibit 99.2 Fourth Quarter 2024 Earnings Summary MARTIN MIDSTREAM PARTNERS February 12, 2025
Slide 2: MMLP 4Q 2024 Adjusted EBITDA Reconciliation & Comparison to Guidance
MMLP 4Q 2024 Adjusted EBITDA Reconciliation & Comparison to Guidance (in millions) Terminalling & 4Q 2024 Transportation Sulfur Services Specialty Products SG&A Interest Expense Storage Actual Net income (loss) $3.7 $1.5 $6.1 $3.7 $(9.1) $(14.9) $(8.9) Interest expense add back — — — — — $14.9 $14.9
Slide 3: MMLP Full-Year 2024 Adjusted EBITDA Comparison
MMLP Full-Year 2024 Adjusted EBITDA Comparison (in millions) Transportation 2024E 1Q24A 2Q24A 3Q24A 4Q24A 2024A Specialty Products 2024E 1Q24A 2Q24A 3Q24A 4Q24A 2024A Land $29.9 $9.0 $8.2 $6.5 $5.4 $29.1 Lubricants $7.8 $1.5 $2.5 $2.2 $1.9 $8.0 Marine $17.2 $4.2 $2.9 $5.1 $1.1 $13.4 Grease $9.0 $2.5
Slide 4: MMLP Full-Year 2024 Adjusted EBITDA Reconciliation
MMLP Full-Year 2024 Adjusted EBITDA Reconciliation (in millions) Terminalling & 2024 Transportation Sulfur Services Specialty Products SG&A Interest Expense Storage Actual Net income (loss) $30.2 $11.1 $18.5 $17.0 $(24.4) $(57.7) $(5.2) Interest expense add back — — — — — $57.7 $57.7 Equity in loss
Slide 5: MMLP Full-Year 2025E Guidance
MMLP Full-Year 2025E Guidance (in millions) Guidance Year Ending December 31, 2025 (Unaudited) Adjusted EBITDA by segment: Transportation Segment $35.4 Terminalling and Storage Segment $35.6 1 Sulfur Services Segment $31.9 Specialty Products Segment $20.8 2 Total segment adjusted EBITDA $123.8 Unall
Slide 6: Disclaimers: Use of Non-GAAP Financial Measures and Forward Looking Statements
Disclaimers Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures such as Adjusted EBITDA. These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for results prepared in accordance with accounting principles genera
Slide 7: Martin Midstream Partners contact details
Martin Midstream Partners 4200 B Stone Road Kilgore, Texas 75662 903.983.6200 www.MMLP.com
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