EXHIBIT 99.1
Martin Midstream Partners Announces Closing of Offering of Common Units and Full
Exercise of Over-Allotment Option by Underwriters
KILGORE, Texas, January 17, 2006 /PRNewswire-FirstCall via COMTEX/
Martin Midstream Partners L.P. (NASDAQ: MMLP) announced today the completion of its previously
announced public offering of 3,000,000 common units as well as the exercise by the underwriters of
the full over-allotment option granted to them to purchase an additional 450,000 common units, at
the purchase price of $29.12 per unit, before underwriting discounts and offering expenses of $1.46
per unit. After giving effect to the issuance and sale of all 3,450,000 common units in connection
with the offering, MMLP generated net proceeds of approximately $95.4 million, which will be
utilized by MMLP to repay indebtedness incurred in connection with recent acquisitions and to fund
expansion and growth capital expenditures.
Citigroup Global Markets Inc. acted as the sole book-running manager for the Offering. Raymond
James & Associates, Inc., RBC Capital Markets Corporation and A.G. Edwards & Sons, Inc. served as
co-lead managers, and KeyBanc Capital Markets served as a co-manager for the Offering.
The Units sold in the Offering were registered under the Securities Act of 1933 pursuant to
the Partnerships Registration Statement on Form S-3 (File No. 333-117023), which was declared
effective by the Securities and Exchange Commission on July 19, 2004. A prospectus supplement
relating to the offering has been filed with the SEC, and is available along with the base
prospectus filed with the SEC in connection with the shelf registration, on the SECs website at
http://www.sec.gov/. Printed copies of the prospectus supplement and base prospectus relating to
the offering may be obtained from Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th
Street, 8th Floor, Brooklyn, NY 11220.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy
the securities described herein, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. The offering is being made
only by means of a prospectus and related prospectus supplement.
About Martin Midstream Partners
Martin Midstream Partners is a publicly traded limited partnership with a diverse set of
operations focused primarily in the United States Gulf Coast region. The Partnerships primary
business lines include: terminalling and storage services for petroleum products and by-products;
natural gas gathering, processing and LPG distribution; marine transportation services for
petroleum products and by-products; sulfur gathering, processing and distribution; and fertilizer
manufacturing and distribution.
Additional information concerning Martin Midstream is available on its website at
www.martinmidstream.com.
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Forward-Looking Statements
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 MMLP 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 MMLPs 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.
Contact: Robert D. Bondurant, Executive Vice President and Chief Financial Officer of MMLPs
general partner, Martin Midstream GP LLC, at (903) 983-6200.
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