EXHIBIT 99.1
Martin Midstream Partners Announces Closing of Over-Allotment Option
KILGORE, Texas, June 4, 2007 /PRNewswire-FirstCall via COMTEX/
Martin Midstream Partners L.P. (NASDAQ: MMLP) announced today that the underwriter of the recent
MMLP public offering of common units has exercised its over-allotment option for an additional
180,000 common units at a price of $42.25 per unit pursuant to the Underwriting Agreement dated May
15, 2007, by and among MMLP, A.G. Edwards & Sons, Inc. and the other parties thereto. The exercise
of the over-allotment option resulted in additional net proceeds to MMLP of approximately $7.5
million, which will be utilized by MMLP to repay a portion of the outstanding
indebtedness incurred under its revolving loan facility to fund both $50.0 million in recent
acquisitions and $72.3 million in recent expansion capital expenditures. This net proceeds amount
includes a capital contribution from MMLPs general partner of approximately $0.2 million to
maintain its 2% general partner interest in MMLP. A.G. Edwards & Sons, Inc. served as the sole
underwriter for the offering.
On May 18, 2007, MMLP sold 1,200,000 common units at a price of $42.25 per unit pursuant to
the offering. After giving effect to the issuance and sale of all 1,380,000 common units sold in
the offering, the total net proceeds received by MMLP were approximately $57.2 million. This total
net proceeds amount includes a total capital contribution from MMLPs general partner of
approximately $1.2 million to maintain its 2% general partner interest in MMLP.
The units sold in connection with the exercise of the underwriters over-allotment option 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 A.G. Edwards & Sons,
Inc., One North Jefferson, St. Louis, Missouri 63103, Telephone 800-278-5373.
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 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 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.