Martin Midstream Partners Reports 2013 Second Quarter Financial Results

KILGORE, Texas, July 31, 2013 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) (the "Partnership") announced today its financial results for the second quarter ended June 30, 2013.

The Partnership reported net income for the second quarter of 2013 of $9.1 million, or $0.33 per limited partner unit. This compared to net income for the second quarter of 2012 of $10.0 million, or $0.25 per limited partner unit. The Partnership reported net income for the six months ended June 30, 2013 of $25.7 million, or $0.95 per limited partner unit. This compared to net income for the six months ended June 30, 2012 of $22.5 million, or $0.64 per limited partner unit. Revenues for the second quarter of 2013 were $358.2 million compared to $333.8 million for the second quarter of 2012.

The Partnership reported income from continuing operations for the second quarter of 2013 of $9.1 million, or $0.33 per limited partner unit. This compared to income from continuing operations for the second quarter of 2012 of $8.0 million, or $0.18 per limited partner unit. The Partnership reported no income from discontinued operations for the second quarter of 2013. This compared to income from discontinued operations for the second quarter of 2012 of $2.0 million, or $0.07 per limited partner unit.

The Partnership reported income from continuing operations for the six months ended June 30, 2013 of $25.7 million, or $0.95 per limited partner unit. This compared to the income from continuing operations for the six months ended June 30, 2012 of $18.8 million, or $0.51 per limited partner unit. The Partnership reported no income from discontinued operations for the six months ended June 30, 2013. This compared to income from discontinued operations for the six months ended June 30, 2012 of $3.7 million, or $0.13 per limited partner unit. Revenues for the six months ended June 30, 2013 were $791.9 million compared to $682.2 million for the six months ended June 30, 2012.

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