Martin Midstream Partners L.P. Responds to FERC Announcement
KILGORE, Texas, March 16, 2018 (GLOBE NEWSWIRE) -- Yesterday, the Federal Energy Regulatory Commission ("FERC") announced that it will revise its 2005 Policy Statement for Recovery of Income Tax Costs and will no longer allow master limited partnerships to recover an income tax allowance in cost of service-based rates.
In response to this announcement, Martin Midstream Partners L.P. (NASDAQ:MMLP) confirms that it does not anticipate the Partnership's cash flow to be impacted by yesterday's announcement from the FERC.
About Martin Midstream Partners
Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) natural gas liquids transportation and distribution services and natural gas storage; (2) terminalling, storage and packaging services for petroleum products and by-products;
(3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marine transportation services for petroleum products and by-products.
Statements about Martin Midstream Partners' 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 its control, which could cause actual results to differ materially from such statements. While Martin Midstream Partners 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 Martin Midstream Partners' annual and quarterly reports filed from time to time with the Securities and Exchange Commission. Martin Midstream Partners disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise.