Martin Midstream Partners L.P. (MMLP) Q3 2023 Earnings Call Transcript


Martin Midstream Partners L.P. (NASDAQ:MMLP) Q3 2023 Earnings Conference Call October 19, 2023 9:00 AM ET

Company Participants

Sharon Taylor – Chief Financial Officer

Bob Bondurant – Chief Executive Officer

Randy Tauscher – Chief Operating Officer

David Cannon – Controller

Danny Cavin – Director, FP&A

Conference Call Participants

Kyle May – Sidoti & Company

Tim Howard – Stifel

Operator

Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the MMLP’s Third Quarter Earnings Conference Call. Today’s conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions]

At this time, I would like to turn the conference over to Sharon Taylor, Chief Financial Officer. Please go ahead.

Sharon Taylor

Thank you, Operator, and good morning, everyone, and thank you for joining us today. In the room are Bob Bondurant, CEO; Randy Tauscher, COO; David Cannon, Controller; and Danny Cavin, Director of FP&A.

I will begin with our cautionary statement. During this call, management maybe making forward-looking statements as defined by the SEC. These statements are based upon our current beliefs, as well as assumptions and information currently available to us.

Please refer to our press release issued yesterday afternoon, as well as our latest filings with the SEC for a list of factors that could impact the future performance of Martin and cause our actual results to differ from our expectations.

We will discuss non-GAAP financial measures on today’s call, such as adjusted EBITDA, distributable cash flow and free cash flow. In addition, we will refer to adjusted EBITDA after giving effect to the exit of the butane optimization business. You will find a reconciliation of these non-GAAP measures to their nearest GAAP



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