KILGORE, Texas, Aug. 28, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq: MMLP) announced the status of its coastal Texas and Louisiana terminals following Hurricane Laura. Upon initial inspection of the properties there appears to be minimal damage to the Partnership’s terminals and marine equipment. The process of restarting our sites has begun and we expect to be fully operational on Monday, August 31.
Prior to Hurricane Laura making landfall the Partnership enacted its standard hurricane preparedness protocol to minimize operational delays and damages to terminalling and marine assets located around the Gulf Coast. Beginning on Monday, August 24, terminals located in the projected path of the hurricane were secured and personnel given the opportunity to evacuate their families to safety. In addition, marine equipment was moved to safe haven areas and communications scheduled to monitor the event status as Hurricane Laura made landfall along the Gulf Coast.
“As Hurricane Laura approached the Gulf Coast our focus was on the safety and health of our personnel, their families and those impacted by the storm,” said Ruben S. Martin, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of MMLP. “We are extremely thankful for the dedicated work of our employees tasked with securing our assets to limit damage across our system. While we did sustain minimal damage at some of our terminals, at this time we do not expect a material financial impact from this event. Our thoughts are with the Gulf Coast region and we will continue to support our personnel and their communities as they recover from damages resulting from the storm.”
About Martin Midstream Partners L.P.
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) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution and transportation services.
