Martin Midstream Partners L.P. (MMLP)

Overview

Martin Midstream Partners L.P., established in 2002 and headquartered in Kilgore, Texas, operates extensively in the United States, offering a myriad of services centered around the terminalling, processing, storage, and packaging of petroleum products and by-products. The company facilitates its operations through four main segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products. With a diversified portfolio catering to a broad spectrum of the petroleum and by-products industry, Martin Midstream Partners is dedicated to providing top-notch services, leveraging its substantial infrastructure that includes marine shore-based terminal facilities, trucks, tank trailers, and inland marine tank barges, among others. Martin Midstream GP LLC serves as the general partner of the company, underlining its structured approach to handling its wide-ranging operations.

Products and Services

• Terminalling and Storage

This segment is a cornerstone of Martin Midstream Partners' business, involving the ownership or operation of marine shore-based terminal facilities and specialty terminal facilities. It delivers comprehensive services including storage, refining, blending, packaging, and handling for petroleum products and by-products. Additionally, land rental services to oil and gas companies and storage and handling for lubricants and fuels are provided under this segment.

• Transportation

The Transportation service line includes the operation of a fleet of trucks and tank trailers as well as inland marine tank barges and push boats. This segment ensures the safe and efficient transport of petroleum products and by-products, petrochemicals, and chemicals. It stands out for its articulated offshore tug and barge unit, highlighting the company's versatility in product transportation.

• Sulfur Services

Martin Midstream Partners processes molten sulfur into prilled or pelletized forms through its Sulfur Services segment. This essential service caters to the production of fertilizers and industrial chemicals, showcasing the company's capacity to support critical sectors of the economy beyond the petroleum industry.

• Specialty Products

The scope of Specialty Products includes the storage, distribution, and transport of natural gas liquids, catering to wholesale deliveries. This segment supports refineries, industrial natural gas liquid users, and propane retailers, underscoring the company’s role in facilitating the wider energy market's needs.