Martin Midstream Partners L.P. Completes the Previously Announced Divestiture of the West Texas LPG Pipeline Interest
"We believe that with the benefits from this sale, the Partnership is now in a position to take advantage of viable growth opportunities including potential drop-downs from our general partner which could drive our distribution coverage ratio to a target of greater than 1.2 times.”
The Partnership is a publicly traded limited partnership with a diverse set of operations focused primarily in the
Statements about the Partnership's outlook and all other statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and all references to financial estimates rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside the Partnership's control, which could cause actual results to differ materially from such statements. While the Partnership believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors. A discussion of these factors, including risks and uncertainties, is set forth in the Partnership's annual and quarterly reports filed from time to time with the
Additional information concerning the Partnership is available on the Partnership's website at www.martinmidstream.com or by contacting:
Source: Martin Midstream Partners L.P.