KILGORE, Texas, April 23, 2014 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) announced today it has declared a quarterly cash distribution of $0.7875 per unit for the quarter ended March 31, 2014 and plans to publicly release its financial results for the first quarter ended March 31, 2014 after the market closes on Wednesday, April 30, 2014.
In addition, Martin Midstream Partners plans to file its quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2014 after the market closes on Monday, May 5, 2014.
This quarterly distribution increase is $0.0025 per unit higher than the distribution paid in the prior quarter. The distribution is payable on May 15, 2014 to common unitholders of record as of the close of business on May 5, 2014. The ex-dividend date for the cash distribution is May 1, 2014. This distribution reflects an annualized distribution rate of $3.15 per unit and is based on Martin Midstream Partners' current and expected operating performance and the current general economic, industry, and market conditions affecting it.Investor's Conference Call An investors' conference call to review the first quarter results will be held on Thursday, May 1, 2014, 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 (855) 859-2056 from 11:00 a.m. Central Time on May 1, 2014 through 10:59 p.m. Central Time on May 8, 2014. The access code for the conference call and the audio replay is Conference ID No. 35139513. 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 quarter ended March 31, 2014 which will be available on the investor relations page of Martin Midstream Partners website.