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Martin Midstream Partners Announces Increased Quarterly Cash Distribution And Release Date Of Second Quarter 2014 Results

Stock quotes in this article: MMLP

KILGORE, Texas, July 24, 2014 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) announced today it has declared a quarterly cash distribution of $0.7925 per unit for the quarter ended June 30, 2014 and plans to publicly release its financial results for the second quarter ended June 30, 2014 after the market closes on Wednesday, July 30, 2014.

In addition, Martin Midstream Partners plans to file its quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2014 after the market closes on Thursday, July 31, 2014.

This quarterly distribution increase is $0.005 per unit higher than the distribution paid in the prior quarter. The distribution is payable on August 14, 2014 to common unitholders of record as of the close of business on August 7, 2014. The ex-dividend date for the cash distribution is August 5, 2014. This distribution reflects an annualized distribution rate of $3.17 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 second quarter results will be held on Thursday, July 31, 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 July 31, 2014 through 10:59 p.m. Central Time on August 12, 2014. The access code for the conference call and the audio replay is Conference ID No. 77992607. 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 June 30, 2014 which will be available on the investor relations page of Martin Midstream Partners website.

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