2Q 2019 Earnings Summary – Martin Midstream Partners Lp

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July 24, 2019 Second Quarter 2019 Earnings Summary & Revised Guidance Martin Midstream Partners L.P. NASDAQ: MMLP
MMLP 2Q 2019 ADJUSTED EBITDA COMPARISON TO GUIDANCE millions Terminalling Natural Gas Interest Transportation Sulfur Services SG&A 2Q 2019 & Storage Liquids Expense Net income (loss) 4.4 (183.9) 3.3 5.3 (5.3) (15.0) (191.2)…
MMLP 2019E ADJUSTED EBITDA REVISED GUIDANCE RECONCILIATION millions Terminalling Natural Gas Transportation Interest Sulfur Services SG&A 2019E & Storage Liquids Services Expense Net Income (loss) 15.7 (149.5) 22.4 15.9 (18.9)…
Strong Fee-Based Contract Mix Terminalling & Storage Fee-based contracts for traditional storage assets Specialty and Marine Shore-Based Terminals (with minimum volume commitments) Fee-based, long-term tolling agreement for Smackover…
Fee-based Cash Flow Reconciliation 1Q19A 2Q19A 3Q19E 4Q19E 2019E Terminalling & Storage Smackover Refinery 5.0 5.3 4.9 5.1 20.3 Fixed Fee Martin Lubricants 2.5 3.8 3.8 2.6 12.7 Margin Specialty Terminals 3.1 2.6 2.3 3.0 11.0 Fixed…
2019E Total Capital Expenditures (1) (2) (3) millions (1) Excludes 20MM initial investment in the Hondo Asphalt Terminal in 2017 (2) For 2018, One Time M-CapEx Items include an environmental project at the Smackover Refinery…