Martin Midstream Partners Announces Increased Quarterly Distribution And Release Date Of Fourth Quarter And Fiscal Year 2010 Results
KILGORE, Texas, Jan. 24, 2011 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) announced today it has declared a quarterly cash distribution of $0.76 per unit for the quarter ended December 31, 2010 and plans to publicly release its financial results for the fourth quarter and fiscal year ended December 31, 2010 after the market closes on Wednesday, March 2, 2011.
In addition, Martin Midstream Partners intends to file its annual report on Form 10-K for the year ended December 31, 2010 after the market closes on Wednesday, March 2, 2011.
Quarterly Cash DistributionThis quarterly distribution reflects an increase of $0.01 per unit over MMLP's November 2010 distribution paid in the prior quarter. The distribution is payable on February 14, 2011 to common unitholders of record as of the close of business on February 3, 2011. The ex-dividend date for the cash distribution is February 1, 2011. The February distribution is based on the current operating performance of, and the current general economic, industry and market conditions impacting Martin Midstream Partners and reflects an annualized distribution rate of $3.04 per unit. Investor's Conference Call An investors' conference call to review the third quarter results will be held on Thursday, March 3, 2011, at 8:00 a.m. Central Time. The conference call can be accessed by calling (877) 878-2695. An audio replay of the conference call will be available by calling (800) 642-1687 from 11:00 a.m. Central Time on March 3, 2011 through 10:59 p.m. Central Time on March 17, 2011. The access code for the conference call and the audio replay is Conference ID No. 39490604. The audio replay of the conference call will also be archived on Martin Midstream Partners' website at www.martinmidstream.com . During the conference call, management will discuss certain non-generally accepted accounting principle financial measures for which reconciliations to the most directly comparable GAAP financial measures will be provided in Martin Midstream Partners' announcement concerning its financial results for the fourth quarter 2010 which will be available on the investor relations page of Martin Midstream Partners website.
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