<SUBMISSION>
<ACCESSION-NUMBER>0000950134-05-017411
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050907
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20050908
<DATE-OF-FILING-DATE-CHANGE>20050908
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>MARTIN MIDSTREAM PARTNERS LP
<CIK>0001176334
<ASSIGNED-SIC>5171
<IRS-NUMBER>050527861
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-50056
<FILM-NUMBER>051076080
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>4200 STONE ROAD
<CITY>KILGORE
<STATE>TX
<ZIP>75662
<PHONE>9039836200
</BUSINESS-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d28693e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
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<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CURRENT REPORT</B><BR>
Pursuant to Section&nbsp;13 or 15(d)<BR>
of the Securities Exchange Act of 1934
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Date of report (date of earliest event reported): September&nbsp;7, 2005
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>MARTIN MIDSTREAM PARTNERS L.P.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>DELAWARE</B><BR>
(State of incorporation<BR>
or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>000-50056</B><BR>
(Commission file number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>05-0527861</B><BR>
(I.R.S. employer identification number)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
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<TR valign="bottom">
    <TD align="center" valign="top"><B>4200 STONE ROAD<BR>
KILGORE, TEXAS</B><BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>75662</B><BR>
(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Registrant&#146;s telephone number, including area code: (903)&nbsp;983-6200
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(Former name or former address, if changed since last report)
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction
A.2. below):</DIV>


<DIV align="left" style="margin-top: 12pt">
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    <TD width="96"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>
</TABLE>
</DIV>




<DIV align="left" style="margin-top: 12pt">
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<TR>
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</TR>
<TR valign="top">
    <TD nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>
</TABLE>
</DIV>




<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
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    <TD width="96"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</TD>
</TR>
</TABLE>
</DIV>




<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
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    <TD width="96"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</TD>
</TR>
</TABLE>
</DIV>




<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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</TABLE>
</DIV>

<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
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	<TD width="3%"></TD>
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	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">INDEX TO EXHIBITS</A></TD></TR>
<TR><TD colspan="9"><A HREF="d28693exv99w1.htm">Transcript of Conference Call</A></TD></TR>
</TABLE>
</CENTER>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7.01. Regulation&nbsp;FD Disclosure.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On September&nbsp;7, 2005, Martin Midstream Partners L.P. (the &#147;Partnership&#148;) held an investors&#146;
conference call to discuss the Partnership&#146;s entry into a definitive agreement to acquire the
outstanding general and limited partnership interests in Prism Gas Systems I, L.P., and its receipt
of a commitment for a new credit facility from Royal Bank of Canada. Furnished as Exhibit&nbsp;99.1 is
a copy of the transcript of the Partnership&#146;s presentation during that call and the questions and
answers following the presentation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with General Instruction B.2 of From 8-K, the information set forth in this Item
7.01 and in the attached Exhibit shall be deemed to be &#147;furnished&#148; and not be deemed to be &#147;filed&#148;
for purposes of Section&nbsp;18 of the Securities and Exchange Act of 1934, as amended (the &#147;Exchange
Act&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statements about the Partnership&#146;s outlook and all other statements contained in the Exhibit
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 of the Partnership&#146;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&#146;s annual and
quarterly reports filed from time to time with the Securities and Exchange Commission. The
Partnership 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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>(c)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U><B>Exhibits</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with General Instruction B.2 of Form 8-K, the information set forth in the
attached Exhibit is deemed to be &#147;furnished&#148; and not be deemed to be &#147;filed&#148; for purposes of
Section&nbsp;18 of the Exchange Act.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="78%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">EXHIBIT NUMBER</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">DESCRIPTION</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Transcript of the Partnership&#146;s Conference
Call held on September&nbsp;7, 2005.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">MARTIN MIDSTREAM PARTNERS L.P.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2">Martin Midstream GP LLC
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Its General Partner&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date:  September 8, 2005&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Robert D. Bondurant
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Robert D. Bondurant,&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Executive Vice President and
Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "INDEX TO EXHIBITS" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INDEX TO EXHIBITS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="79%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">EXHIBIT NUMBER</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">DESCRIPTION</TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Transcript of the Partnership&#146;s Conference Call held on September&nbsp;7, 2005.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">4
</DIV>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d28693exv99w1.htm
<DESCRIPTION>TRANSCRIPT OF CONFERENCE CALL
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIIBT 99.1</B>
</DIV>




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">MARTIN MIDSTREAM PARTNERS<BR>
Analyst Call<BR>
September&nbsp;7, 2005<BR>
4:00 p.m. EST
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>PRESENTATION</B></U><B>:</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Operator:</B></U><BR>
Greetings, ladies and gentlemen, and welcome to the Martin Midstream Partners analyst conference
call. At this time all participants are in a listen-only mode. A brief question and answer
session will follow the formal presentation. If anyone should require operator assistance during
the conference, please press star 0 on your telephone keypad. As a reminder, this conference is
being recorded.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I would now like to turn the conference over to your host, Mr.&nbsp;Bob Bondurant, Chief Financial
Officer of Martin Midstream Partners. Thank you. You may begin.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Bob Bondurant &#151; Martin Midstream &#151; CFO:</B></U><BR>
Thank you, Claudia.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Good afternoon and thank you for joining us on this call. Before we begin, I will read the
following regarding forward-looking statements:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Statements about Martin Midstream Partners&#146; 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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While MMLP believes that the assumptions concerning future events are reasonable, it cautions that
there are inherent difficulties in anticipating or predicting certain important factors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A discussion of these factors, including risks and uncertainties, is set forth in the company&#146;s
annual and quarterly reports filed from time to time with the Securities and Exchange Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will also refer to certain non-GAAP financial measures during this call. Those measures are
explained in greater detail in our recent press release regarding this transaction, which is posted
on our website at www.martinmidstream.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With that out of the way, I&#146;ll now turn the call over to Ruben Martin, our President and Chief
Executive Officer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Ruben Martin &#151; Martin Midstream, CEO:</B></U><BR>
Thank you, Bob. Welcome to the Martin Midstream conference call to discuss our recent announcement
of our pending acquisition of the equity interest in Prism Gas Systems.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We appreciate your interest, and with me today, besides Bob, is Scott Martin, a director of Martin
Midstream, Bob Dunn, president of Prism Gas Systems, and we have several other Martin employees
that have worked on this project that will be available at the end of my talk to answer questions
and answers about the acquisition.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Let me begin by welcoming Bob and his team to Martin Midstream. They have accomplished much in a
short period of time and have worked hard to make this transaction a reality. We look forward to
working with this dedicated group of professionals going forward after we close the transaction,
which is expected in late October, subject to satisfaction of customary closing conditions and
regulatory approvals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This transaction represents a milestone in the growth of Martin Midstream, and we&#146;re very excited
to have the opportunity to participate in the explosive growth opportunities of the East Texas and
North Louisiana, that the suite of assets and management team will make available to us. This is
by far the largest acquisition to date for Martin Midstream, and one which we believe will propel
us to the next level in value for our unit holders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our LPG segment, which distributes propane, butanes and natural gasoline and transports these
products to the recently acquired east pipeline will blend seamlessly into this acquisition and
add additional value to this group of assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Prism is engaged in the business of providing midstream natural gas services, including gathering
processing and treating of natural gas and treating, fractionization and stabilization of natural
gas liquids. Prism has built two operating areas: The key one being in our own back yard right
here in East Texas.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This cornerstone asset in this area is a 50% ownership and operating interest in the Wascom
processing plant in Harrison County East Texas. The Wascom processing plant currently has 150
million cubic feet a day of name plate processing capacity with full fractionization facilities
that have just been expanded to 9,500 barrels per day capacity and a stabilizer capacity of 1,200
barrels per day.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of June&nbsp;30, 2005, inlet through-put and NGL fractionation averaged approximately 153 cubic feet
per day and 7,100 barrels per day of NGLs, respectively.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This asset is in a strategic location of East Texas characterized by strong drilling activity and
production characteristics of the long-life Cotton Valley formation as well as Travis Peek and
Bosher and Petit trench. Producers who currently utilize this facility include British Petroleum,
Samson Investment Company, Devon
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Energy Company and XTO Energy Incorporated. Based on volume, the contract for this facility are
predominantly 72% percent of liquids in which Prism retains a portion of the NGLs recovered as a
processing fee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The facility also has 25% of percent of proceeds contracts in which it retains a percentage of both
the residue gas and natural gas liquids as payment for its services. This contract mix has been
restructured by Prism management on a negotiated basis to eliminate substantially all key pole
exposure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Because of the drilling activity in the area, this facility will undergo a significant expansion
over the next 18&nbsp;months.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The McLeod system located in East Texas and Northwest Louisiana is one of the gathering systems
feeding the Wascom plant. This gathering system provides an outlet for processing and blending the
high nitrogen and high liquids content gathered, gas gathered by the system.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of June&nbsp;30, 2005, the McLeod system gathered an average of approximately six million cubic feet
a day of natural gas. In addition, Prism has constructed two small gathering systems in East Texas
for producers in East Texas and will soon begin construction of a new gathering system to serve a
producer in Harrison County.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">So in addition to the East Texas assets, Prism has built an operating area on the Texas Gulf Coast
for both onshore and offshore gathering. The systems on the Gulf Coast are the Fishhook Pipeline
located in Jefferson County, Texas and offshore federal waters, consists of 56 miles of natural gas
gathering pipeline with total gathering capacity of approximately 250&nbsp;million cubic feet a day.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This system gathers gas in both the offshore and onshore areas. As of June&nbsp;30, 2005, the Fishhook
system gathered an average of approximately 38&nbsp;million cubic feet of natural gas. Prism owns a 50%
nonoperating interest in the Fishhook system.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Madagorda system located in Madagorda County, Texas, an offshore Texas state waters, consists
of 110 miles of natural gas gathering pipeline with total gathering capacity of approximately 200
million cubic feet a day. This system gathers gas in both the offshore and on shore areas. As of
June&nbsp;30, 2005, the Madagorda system gathered an average of approximately 16&nbsp;million cubic feet of
natural gas. Prism owns a 50% nonoperating interest in the Madagorda system.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Based on current market conditions, Martin Midstream Partners estimates that Prism&#146;s EBITDA will
range from 10&nbsp;million to 12&nbsp;million in 2006. This translates into a purchase price multiple of
approximately 8.3 to 10 times in the first year and puts us in a position as an active player in
this strategic location.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, MMLP has identified several growth opportunities particularly at the Wascom processing
plant. With regard to the commodity risk, since we&#146;re taking a great deal of cash flow through
ownership of the residual gas and liquids we&#146;re exposed to commodity risk, we&#146;re focused on
protecting commodity exposure through a hedging program and will consider fixed price swaps and
costless collars and other derivative projects which Bob will discuss in a few minutes here.
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At this point I&#146;ll turn the call over to Bob to discuss the financial aspects of the transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Bob Bondurant &#151; Martin Midstream &#151; CFO:</B></U><BR>
Thank you, Ruben. As disclosed in yesterday&#146;s press release, we have received a fully underwritten
debt financing commitment to facilitate the closing of this acquisition. The purchase price will
be paid through a combination of the following: Approximately 75&nbsp;million in borrowings under the
new facility, approximately 15&nbsp;million of new equity capital to be provided by Martin Resource
Management Corporation in exchange for newly issued partnership common units.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">And finally, approximately ten million of newly issued common units to certain of the selling
parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The commitment for our new credit facility is from Royal Bank of Canada and consists of 95&nbsp;million
working capital line and up to $130&nbsp;million term loan with an optional 100&nbsp;million accordion
feature.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This new facility will fund concurrently with the closing of the acquisition subject to
satisfaction of customary closing conditions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Subsequent to closing, we plan to refinance this new facility with new equity capital. Based on
current market conditions, we do not expect any problems placing this equity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Based on current market conditions, we estimate Prism&#146;s EBITDA will range from 10 to 12&nbsp;million in
calendar 2006, with the mid point of this range based on $8.50 per Mbtu for natural gas and $55 a
barrel for crude oil.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, the organic growth opportunities that Ruben discussed earlier will require capital
expenditures of ten million to 15&nbsp;million during calendar 2006 and add incremental EBITDA at
attractive multiples towards the second half of &#145;06 and into 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As Ruben mentioned in his comments, the Prism contracts were primarily percent of liquid and
percent of proceed contracts. Prism&#146;s exposure to commodity price risk on these contracts on a
company wide basis is significant and therefore we are committed to contain this exposure through
the use of hedging arrangements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Prior to closing, and with the approval of Prism, we plan to reduce this exposure for 2006 through
the use of hedging arrangements with credit-worthy counterparts. Upon closing which we anticipate
to be late 2005, the partnership plans to have a hedging policy in place with several counter
parties to costless collars and puts for 2006 volume as well as consideration for 2007 and
beyond.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">And now I&#146;ll turn the call back over to Ruben for closing comments before the Q&#038;A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Ruben Martin &#151; Martin Midstream, CEO:</B></U><BR>
All right. Thank you, Bob.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As you can all see, this is a major step for Martin Midstream. It allows us to continue in part
with an existing segment, our LPG segment, where this will be put into. But with some additional
diversification and optimization opportunities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The production area is prolific and increased drilling activity which translates to near term
expansion opportunities. The management and operations team will assimilate into our organization
and pursue additional acquisitions and organic growth opportunities. In short, this is exactly
where we want to be and we&#146;re very excited about the impact this acquisition will have on our
organization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We thank you for your interest. We&#146;re going to turn it over for questions. Feel free to ask about
anything you would like concerning this acquisition or anything else you&#146;d like to know about the
company. We&#146;re at your disposal. Thank you.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Operator:</B></U><BR>
(Operator instructions).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">One moment, please, while we poll for questions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our first question comes from Mr.&nbsp;John Freeman with Raymond James. Please proceed with your
question.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: First question I had was on Wascom, obviously you said you&#146;ve identified several kind
of growth initiatives. And I&#146;m assuming that the growth CAPEX that you all outlined in the release
of 10 to 15&nbsp;million, the bulk of that is going to that processing plant. I&#146;m wondering if you can
elaborate on what exactly you&#146;re going to be doing over the next 18&nbsp;months on that facility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Well, I think that really there&#146;s several &#151; there&#146;s probably several things that will
be happening. Number one is we have some tremendous demand in the area for additional capacity to
run gas through the plant and in the area. So we are trying to streamline the operation, not only
in the gas processing, but in the fractionization and in some of the downstream things that we need
to do that will allow us to fractionate more barrels there and process more barrels.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: I could give you some specifics. We&#146;re looking at Wascom plant expansion to increase
in the range of 50 to 60&nbsp;million a day. We estimate the cost of that particular project to be
somewhere between five and $6&nbsp;million. We&#146;re also looking at a fractionization expansion taking it
from 9500 barrels a day to 12,500 barrels a day. The rough estimate on that is roughly three to $4
million. And we&#146;re also looking at a potential natural gasoline pipeline to a major customer, and
that would fill out the expansion plan that we see right now. We&#146;re talking to other potential
growth opportunities that are outside this 10 to $15&nbsp;million range, but they&#146;re not quite far
enough along to disclose at this time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. That&#146;s very helpful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Looking at the Gulf Coast assets, if I heard the numbers right, on the Fishhook and Madagorda,
looks like both of them have substantial excess capacity that could be used on those lines. What
are the underlying
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">assets look like? Is there opportunities for kind of growth on those gathering systems, or is that
run rate kind of what we should expect?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: I think we expect it to increase. I think one of the things &#151; one of the problems
obviously that&#146;s been on the Gulf Coast that we&#146;ve seen not only some of our other businesses tied
to it has been the lack of offshore drilling capacity. And I think as they drop down to some of
the areas that we&#146;re in, that we should see an increase in drilling activity there. It just may be
a little bit down the road, some of the more prolific zones are drilled first.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. Last question I had, then I&#146;ll turn it over to somebody else. On the hedging,
if the guidance y&#146;all gave is kind of a 10 to $12&nbsp;million range and you said the mid point of that
was based on $8 natural gas, 55 oil, and obviously we&#146;re well north of that now, are you all
planning on hedging basically all of your commodity price exposure, or do you want to leave some of
it unexposed to try and maybe realize some up side?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Well, we&#146;re going to hedge what we can reasonably hedge at prices. We&#146;re not sure
exactly what the percentage would be. I would say it would be north of 50%. On the entire plant,
when you look at the complete smorgasbord of all the different products coming out of there, and of
course we used our numbers where Bob &#151;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: You said $8 MCF. It&#146;s 8.50.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: So really when you take some of the hedging costs and some of the things that are
happening now, you may, you know you&#146;re going to &#151; it&#146;s going to cost you something to put the
hedges in place, even if it was just a direct swap, you can&#146;t do all of the products at the plant
are not, you know, you can&#146;t put them in place for all of them. So you do have some of it that&#146;s
unhedged. But it&#146;s going to be less than 50%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: That&#146;s unhedged.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: That&#146;s unhedged.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: There&#146;s a certain component of the products you&#146;ll never be able to hedge.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Not with the good relationship &#091;indiscernible&#093; is a perfect example of a product that&#146;s
difficult to hedge.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: There are swaps out there available for it. It&#146;s just that there&#146;s an extreme
backwardization of the pricing which makes it not economically feasible to look at those very hard.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: I appreciate you guys. That&#146;s all I had.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Operator:</B></U><BR>
Our next question comes from Mr.&nbsp;Kevin Gallagher with RBC Capital. Please state your question.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Good afternoon. What&#146;s the trailing 12&nbsp;month EBITDA for these assets?
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: The trailing 12&nbsp;months is roughly about $7&nbsp;million EBITDA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. And how much of your projected EBITDA comes from the Wascom processing plant?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: It&#146;s going to be going on a forward basis roughly about $7&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: $7&nbsp;million, okay. Could you talk about how much of your gross CAPEX is already baked
into your EBITDA guidance? Out of that 10 to 15, any of that driving your 10 to 12&nbsp;million EBITDA?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: It&#146;s very little.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: 5&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Yeah, probably less than 5&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Of your investment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Of the gross CAPEX.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Yes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. And can you talk about you know the asset sensitivity to natural gas and NGO
prices, how much does your cash flow change for a given change in the commodity prices?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Yeah, roughly a $0.50 change in natural gas pricing impacts us about $400,000. A $5
change in crude oil pricing is roughly the same number, $400,000.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. And I know you talked about the offshore production. Can you talk about what
kind of production profile we should expect for the East Texas gathering system?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Production profile?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Yeah, production declines or increases?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Most of the drilling &#151; I&#146;ve been around this field all my life. Watched all my
buddies grow up in Cotton Valley and a lot of these fields in that part of the world. Most of it
there&#146;s a lot of in-field drilling going on, you know, that they&#146;re filling it out. Right now we
see our production profiles, you&#146;d call it, going straight up. I mean, Bob, want to comment here?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: The gathering systems we have are fairly new so that you&#146;re getting new wells on them.
And we see growth in the gathering systems that we have.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. All right. Thanks.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: I mean I think a lot of these are like most everywhere. Really the biggest problem a
lot of the guys around here have is getting drilling rig to drill the well. Of course, you know,
Cotton Valley levels off, comes in pretty strong, levels off pretty level for an extended period of
time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Very long life.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Very long life type of wells. And getting the gas out of the area, there&#146;s some new
pipe that&#146;s getting, that&#146;s going to be laid over in this area to get it out to get into better
markets. So I think as the drilling rig availability becomes a little easier, if at all, but
that&#146;s going to continue on, and then as the pipe&#146;s laid to get the gas out you&#146;re going to
continue to see the drilling.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. Turning over to the financing, what kind of interest rate are you looking at for
your debt financing?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Well, on the term piece, it&#146;s LIBOR plus 3.00 to 3.25, until we can place the equity
offering, then it would drop to 2.75 over. We would look at potential swapping some of that
interest rate risk exposure to the extent we don&#146;t know how much, what percentage we&#146;d do, but we&#146;d
probably do up to potentially 50% or so. On the revolving piece, it&#146;s LIBOR plus 2.50.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: LIBOR plus 2.50?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Correct.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. And what&#146;s the incremental G&#038;A expense for these assets, like I guess the
nonequity earnings part?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: The G&#038;A that&#146;s existing is about $2&nbsp;million. And so that&#146;s coming in. But that&#146;s
baked into the Prism numbers now. That number is already in to get to the 10 to 12&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. And all right. Last question, can you go over how you&#146;ll be reporting the
financials and operating data for these new businesses?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: As we discussed, we&#146;re going to blend this in with the LPG segment so there won&#146;t be a
new segment. And we&#146;ll, in our going forward information, be reporting volumes that we&#146;re
gathering and processing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. All right. Thank you.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Uh-huh.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Operator:</B></U><BR>
Our next question comes from Ron Lond with AG Edwards. Please proceed with your question.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: I wanted to get back to the financing part of the deal. If I recall, you said 15
million worth of units would be purchased by Martin LP, is it?
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Martin Resource Management, who in effect owns 4.2&nbsp;million of subordinated units at
this time, but Martin Resource Management will make a $15&nbsp;million equity investment to the
partnership, take back common units.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&#060;Q&#062;: Another 15&nbsp;million in common units to the sellers, right?
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: No, that was 10&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: 10&nbsp;million. Okay. All right. So that&#146;s 25&nbsp;million. That leaves another 75. And you
wanted to do this fifty/fifty?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Well, at the end of the day, just to give you a flavor, after that, that will be at
closing. Hopefully within a short time frame we&#146;ll be going into the equity markets. We&#146;re
looking at somewhere between probably 75 and 90&nbsp;million of additional equity as well. Because we
have made previous acquisitions, for example, see a Martin acquisition in July that added 30
million in debt. So some other things, the &#091;indiscernible&#093; project coming on line that we
discussed before. When you factor it out it&#146;s the additional equity we&#146;ll raise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&#060;Q&#062;: You&#146;ll clean up some other deals?
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: That&#146;s correct.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: That&#146;s my next question.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: We&#146;re not only cleaning those up but looking out forward to help us as these projects
are paid for.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&#060;Q&#062;: So after all is said and done, you&#146;d expect what kind of debt to equity?
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: We&#146;ll be in the low 40%, kind of position when it&#146;s all said and done. Prior to any
additional projects that we haven&#146;t really talked about yet.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. You know, I guess maybe not to kick a dead horse, but you know do you want to
make any other comments on your operations in the Gulf Coast given the aftermath of Katrina,
anything to change from your initial statements? Are you benefiting at all from, you know,
servicing more, you know, crew boats going out to platforms and such, can you give us an idea
what&#146;s going on there?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Yeah, Scott, you might want to address a couple of the points down there concerning our
marine system.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: Correct. We&#146;ve, again, weathered the storm real well. Our employees came through it
okay. And other than the Venice facility that is damaged badly that we put the press release out
at one percent, we&#146;re seeing a little surge at some of our other locations and surge at our
logistic assets. So it&#146;s too early to quantify.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: But we&#146;ve seen a pretty good surge at those locations, and just really working to get
supply to them so we can continue to service, to make up slack for the people that are totally
down. So we were very, very fortunate on the marine system. All of our equipment was out of
harm&#146;s way. Our two sulfur vessels that were so affected last year were at opposite ends of the
Gulf of Mexico. So they had no effect. And they&#146;re back running regular now. So we really were
very happy with the way that we came through the storm.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&#060;Q&#062;: Can you give us an idea of the Venice facility and how much that might affect earnings?
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: It was very small. Press release we had the other day it was less than one percent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: It was right at one percent of operating income.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;A&#062;: One percent of operating income of the total. But like Ruben and Scott have hit on
we&#146;ve seen a surge at our other locations so I believe we will more than offset that.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#060;Q&#062;: Okay. Thank you.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Operator:</B></U>
Gentlemen, there are no further questions at this time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Bob Bondurant &#151; Martin Midstream &#151; CFO:</B></U><BR>
All right. Well, with that, we appreciate everybody calling in. We&#146;re pretty excited about the
way things are going forward here. We&#146;ve got a lot on our plate. We&#146;re happy to have the existing
Prism management team. They will be here to continue to assist us in the operation of this asset.
They will be involved in both the future M&#038;A business and looking for future acquisitions. And
they have the equity. The $10&nbsp;million that was put into that is going to the management team, not
to the majority owner or the seller. So they&#146;ve got an equity in Martin Midstream Partners. So
I&#146;m sure they want to see it continue to do well and continue to grow.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">So with that, we appreciate everybody&#146;s time. And we look forward to next time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Operator:</B></U>
This concludes today&#146;s conference. Thank you for your participation.
</DIV>




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