DELAWARE (State of incorporation or organization) | 000-50056 (Commission file number) | 05-0528861 (I.R.S. employer identification number) | ||||
4200 STONE ROAD | ||||||
KILGORE, TEXAS (Address of principal executive offices) | 75662 (Zip code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 | Results of Operations and Financial Condition. |
Item 9.01. | Financial Statements and Exhibits. |
Exhibit | |||||
Number | Description | ||||
99.1 | Press release dated February 28, 2013 |
MARTIN MIDSTREAM PARTNERS L.P. By: Martin Midstream GP LLC, Its General Partner | |||||
Date: February 28, 2013 | By: /s/ Robert D. Bondurant | ||||
Robert D. Bondurant | |||||
Executive Vice President and Chief Financial Officer | |||||
Exhibit | |||||
Number | Description | ||||
99.1 | Press release dated February 28, 2013. |
Terminalling and Storage Segment | |||||||||||||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | For the Year Ended December 31, 2012 | |||||||||||||||
(In thousands) | |||||||||||||||||||
Revenues: | |||||||||||||||||||
Services | $ | 21,361 | $ | 22,222 | $ | 25,066 | $ | 26,246 | $ | 94,895 | |||||||||
Products | 60,616 | 60,175 | 56,779 | 49,710 | 227,280 | ||||||||||||||
Total revenues | 81,977 | 82,397 | 81,845 | 75,956 | 322,175 | ||||||||||||||
Cost of products sold | 53,287 | 53,857 | 51,457 | 44,365 | 202,966 | ||||||||||||||
Operating expenses | 14,923 | 15,053 | 15,612 | 17,911 | 63,499 | ||||||||||||||
Selling, general and administrative expenses | 1,376 | 1,088 | 1,434 | 773 | 4,671 | ||||||||||||||
Depreciation and amortization | 4,976 | 5,223 | 5,829 | 6,948 | 22,976 | ||||||||||||||
7,415 | 7,176 | 7,513 | 5,959 | 28,063 | |||||||||||||||
Other operating income (loss) | 20 | 375 | — | (514 | ) | (119 | ) | ||||||||||||
Operating income | $ | 7,435 | $ | 7,551 | $ | 7,513 | $ | 5,445 | $ | 27,944 |
Natural Gas Services Segment | |||||||||||||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | For the Year Ended December 31, 2012 | |||||||||||||||
(In thousands) | |||||||||||||||||||
Revenues | $ | 172,111 | $ | 164,817 | $ | 190,738 | $ | 297,840 | $ | 825,506 | |||||||||
Cost of products sold | 167,576 | 163,427 | 186,080 | 286,112 | 803,195 | ||||||||||||||
Operating expenses | 952 | 804 | 847 | 947 | 3,550 | ||||||||||||||
Selling, general and administrative expenses | 597 | 859 | 786 | 1,994 | 4,236 | ||||||||||||||
Depreciation and amortization | 143 | 144 | 149 | 165 | 601 | ||||||||||||||
Operating income (loss) | $ | 2,843 | $ | (417 | ) | $ | 2,876 | $ | 8,622 | $ | 13,924 | ||||||||
NGLs Volumes (Bbls) | 2,297 | 2,436 | 3,092 | 4,255 | 12,080 |
Sulfur Services Segment | |||||||||||||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | For the Year Ended December 31, 2012 | |||||||||||||||
(In thousands) | |||||||||||||||||||
Revenues: | |||||||||||||||||||
Services | $ | 2,926 | $ | 2,925 | $ | 2,926 | $ | 2,925 | $ | 11,702 | |||||||||
Products | 71,626 | 64,168 | 57,670 | 56,418 | 249,882 | ||||||||||||||
Total revenues | 74,552 | 67,093 | 60,596 | 59,343 | 261,584 | ||||||||||||||
Cost of products sold | 55,051 | 47,440 | 47,362 | 45,461 | 195,314 | ||||||||||||||
Operating expenses | 4,193 | 4,614 | 4,357 | 4,240 | 17,404 | ||||||||||||||
Selling, general and administrative expenses | 955 | 982 | 1,008 | 1,030 | 3,975 | ||||||||||||||
Depreciation and amortization | 1,793 | 1,782 | 1,750 | 2,046 | 7,371 | ||||||||||||||
12,560 | 12,275 | 6,119 | 6,566 | 37,520 | |||||||||||||||
Other operating income (loss) | (25 | ) | 3 | (5 | ) | (231 | ) | (258 | ) | ||||||||||
Operating income | $ | 12,535 | $ | 12,278 | $ | 6,114 | $ | 6,335 | $ | 37,262 | |||||||||
Sulfur (long tons) | 308.2 | 328.0 | 225.6 | 204.3 | 1,066.1 | ||||||||||||||
Fertilizer (long tons) | 93.9 | 83.6 | 61.2 | 67.4 | 306.1 | ||||||||||||||
Sulfur services volumes (long tons) | 402.1 | 411.6 | 286.8 | 271.7 | 1,372.2 |
Marine Transportation Segment | |||||||||||||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | For the Year Ended December 31, 2012 | |||||||||||||||
(In thousands) | |||||||||||||||||||
Revenues | $ | 21,567 | $ | 21,466 | $ | 22,879 | $ | 22,903 | $ | 88,815 | |||||||||
Operating expenses | 18,714 | 16,033 | 18,026 | 17,569 | 70,342 | ||||||||||||||
Selling, general and administrative expenses | 424 | 362 | 580 | (800 | ) | 566 | |||||||||||||
Depreciation and amortization | 3,041 | 2,921 | 2,564 | 2,589 | 11,115 | ||||||||||||||
(612 | ) | 2,150 | 1,709 | 3,545 | 6,792 | ||||||||||||||
Other operating loss | — | — | — | (41 | ) | (41 | ) | ||||||||||||
Operating income (loss) | $ | (612 | ) | $ | 2,150 | $ | 1,709 | $ | 3,504 | $ | 6,751 |