May 17, 2016 - 7:09 AM EDT
Print Email Article Font Down Font Up Charts

Martin Midstream Partners L.P. Files Universal Shelf Registration Statement

KILGORE, Texas, May 17, 2016 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP” or the “Partnership”) announced today the filing of a universal shelf registration statement.

Martin Resource Management Corporation (“MRMC” or the “Company”) is listed as a selling unitholder in the filing.  The Company owns a total of 6,264,532, or 17.7%, of the outstanding limited partnership common units of MMLP, however, has no current intention to divest any of the MMLP units it owns.  Due to certain requirements under MRMC’s credit agreement, these units must be continuously registered for resale by the Partnership under a Form S-3 registration statement filed with the Securities and Exchange Commission.

About Martin Midstream Partners L.P.

Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region.  The Partnership's primary business lines include: (1) terminalling, storage and packaging services for petroleum products and by-products; (2) natural gas liquids transportation and distribution services and natural gas storage; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marine transportation services for petroleum products and by-products.

About Martin Resource Management Corporation

Martin Resource Management Corporation (MRMC) through its various subsidiaries is an independent provider of marketing and distribution and transportation of hydrocarbon products and by-products including molten sulfur, sulfur-based derivatives, fuel oil, natural gas liquids (NGLs), asphalt, paper mill liquids, and other bulk tank liquids. In addition, the Company manufactures and markets processed sulfur products including fertilizer and emulsified sulfur.  Additionally, the Company markets and distributes naphthenic lubricating oils for specialty applications used in the automotive, energy and petrochemical industries. MRMC is an indirect owner of the general partner of the publicly traded master limited partnership, Martin Midstream Partners L.P.

Forwarding Looking Statements

Statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements and all references to financial estimates rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside MMLP’s control, that could cause actual results to differ materially from such statements.  While MMLP believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors.  A discussion of these factors, including risks and uncertainties, is set forth in the Partnership's annual and quarterly reports filed from time to time with the Securities and Exchange Commission.  Martin Midstream Partners disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise.

Additional information concerning Martin Midstream is available on its website at

For more information:
Joe McCreery, IRC – Head of Investor Relations
[email protected]

Primary Logo

Source: GlobeNewswire (May 17, 2016 - 7:09 AM EDT)

News by QuoteMedia

Legal Notice