Exhibit 99.1
MARTIN MIDSTREAM PARTNERS
ANNOUNCES COMMENCEMENT OF PUBLIC OFFERING
OF COMMON UNITS
KILGORE,
Texas, May 14, 2007 /PRNewswire-FirstCall via COMTEX/
Martin Midstream Partners L.P. (NASDAQ: MMLP) announced today that it has commenced an underwritten
public offering of 1,200,000 common units (plus up to an additional 180,000 common units to cover
over-allotments, if any) under its existing shelf registration statement. MMLP intends to use the
net proceeds from the offering to repay outstanding indebtedness incurred under its revolving loan
facility to fund both recent acquisitions and expansion capital expenditures. A.G. Edwards & Sons,
Inc. will serve as the sole underwriter for the offering.
A
copy of the prospectus supplement and related base prospectus for the offering may be
obtained from A.G. Edwards & Sons, Inc., One North Jefferson, St. Louis, Missouri 63103, Telephone
800-278-5373.
This press release does 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 will be 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 Companys primary business
lines include: terminalling and storage services for petroleum products and by-products; natural
gas services; 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.
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
5
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.
6