Martin Midstream Partners L.P. (NASDAQ:MMLP) Gains Support from Caspian Capital

• Caspian Capital supports Martin Midstream Partners L.P. (NASDAQ:MMLP)'s decision to remain a standalone company, believing it will create significant value for unitholders.
• Martin Product Sales LLC, a 10 percent owner of MMLP, demonstrated its confidence through recent P-Purchase transactions, significantly increasing its ownership.
• MMLP's stock price reflects a positive outlook, with a current price of $3.85, indicating a 1.32% increase and a market capitalization of approximately $150.36 million.

Martin Midstream Partners L.P. (NASDAQ:MMLP) operates in the midstream sector, offering services related to the storage, transportation, and distribution of petroleum products and by-products. Recently, Caspian Capital L.P. expressed its support for MMLP's decision to terminate its merger agreement with Martin Resource Management Corporation. Caspian Capital believes that MMLP's continued operation as a standalone public company will create significant value for its unitholders.

Caspian Capital, which manages $4.7 billion in assets, is confident in the potential valuation analyses it previously outlined, which exceed the purchase price proposed in the merger. This confidence is shared by Martin Product Sales LLC, a 10 percent owner of MMLP, which recently engaged in two P-Purchase transactions. On March 11, 2025, Martin Product Sales LLC purchased 11,789 shares at approximately $3.63 per share, increasing its total ownership to 1,271,036 securities.

The day before, on March 10, 2025, Martin Product Sales LLC executed another P-Purchase transaction involving 23,944 shares at approximately $3.60 per share. This transaction brought its total holdings to 1,259,247 shares. These transactions indicate a strong belief in MMLP's potential as a standalone entity, aligning with Caspian Capital's perspective on maximizing value creation for unitholders.

MMLP's stock is currently priced at $3.85, reflecting a 1.32% increase with a change of $0.05. The stock has fluctuated between a low of $3.77 and a high of $3.90 today. Over the past year, MMLP has reached a high of $4.13 and a low of $2.36. The company's market capitalization stands at approximately $150.36 million, with a trading volume of 57,510 shares on the NASDAQ exchange.