<SUBMISSION>
<ACCESSION-NUMBER>0000950123-09-031375
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20090806
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20090807
<DATE-OF-FILING-DATE-CHANGE>20090806
<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>09992892
</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>d68731e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<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: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d)<BR>
of the Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>
Date of report (date of earliest event reported): August&nbsp;6, 2009</B>
</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>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>000-50056</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>05-0527861</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission file number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. employer identification number)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">or organization)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</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 -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>4200 STONE ROAD</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>KILGORE, TEXAS</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>75662</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
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="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: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD valign="top"><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: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD valign="top"><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: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD valign="top"><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: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD valign="top"><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>







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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Item&nbsp;7.01 Regulation&nbsp;FD Disclosure." -->

<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>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;7.01</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Regulation&nbsp;FD Disclosure.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On August&nbsp;6, 2009, Martin Midstream Partners L.P. (the &#147;Partnership&#148;) held an investors&#146;
conference call. 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 Form 8-K, the information set forth in this Item
7.01 and in the attached Exhibit is deemed to be &#147;furnished&#148; and shall not be deemed to be &#147;filed&#148;
for purposes of the Securities 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>
<!-- link2 "Item&nbsp;9.01. Financial Statements and Exhibits." -->

<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>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;9.01.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Financial Statements and Exhibits.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>(d)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Exhibits</B></U></TD>
</TR>

</TABLE>
</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 shall not be deemed to be &#147;filed&#148; for purposes
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="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">EXHIBIT</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">NUMBER</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">DESCRIPTION</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="line-height: 4pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<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 Investors&#146; Conference Call.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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

<!-- link1 "SIGNATURES" -->

<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" align="left">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>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="15%">&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:  August 6, 2009&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
/s/ Robert D. Bondurant
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Robert D. Bondurant,&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President and<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

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


<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>

</TABLE>
<!-- link1 "INDEX TO EXHIBITS" -->

<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="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="line-height: 4pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<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">Transcript of the Investors&#146; Conference Call.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d68731exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;99.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Martin Midstream Partners L.P.<BR>
Q2 2009 Earnings Conference Call<BR>
August&nbsp;6, 2009<BR>
8:00 a.m., Central Time</B>
</DIV>


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Operator: Good day everyone and welcome to the Martin Midstream Second Quarter 2009 Conference
Call. Today&#146;s call is being recorded. At this time, I&#146;ll turn the conference over to Mr.&nbsp;Joe
McCreery. Please go ahead, sir.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Joe McCreery &#151; Vice President Finance and Head of Investor Relations</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thank you, Felicia. Good morning everyone. I&#146;d like to introduce who is on the call with me here
today. First, we have Ruben Martin, our Chief Executive Officer, President, and a Director of the
Company, Mr.&nbsp;Wes Martin, our Vice President of Business Development and Mr.&nbsp;Bob Bondurant,
Executive Vice President and our Chief Financial Officer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Before we get started with financial and operational results for the second quarter, I&#146;d like to
make this disclaimer. Certain statements made during this conference call may be forward-looking
statements relating to financial forecasts, future performance and our ability to make
distributions to unit holders. The words anticipate, estimate, expect and similar expressions are
intended to be among the statements that identify forward-looking statements we make during this
call.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We report our financial results in accordance with the generally accepted accounting principles and
use certain non-GAAP financial measures within the meanings of the SEC REG G, such as distributable
cash flow and DCF, earnings before interest, taxes, depreciation and amortization EBITDA. And we
use these measures because we believe it provides useful financial information and meaningful
comparisons to current results and to prior reported results. It can be a meaningful measure of
the partnership&#146;s cash available to pay distributions. Distributable cash flow or DCF should not be
considered an alternative to cash flow from operating activities. And furthermore, distributable
cash flow should not be a measure of financial performance or liquidity under GAAP, and should not
be considered in isolation as an indicator of our financial performance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also included in our press release and Form 10-Q issued yesterday, a reconciliation of
distributable cash flow to the most comparable GAAP financial measures. Both our earnings press
release and our second quarter 10-Q are available at our website, www.martinmidstream.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With that out of the way, I&#146;d like to hand the call over to Bob Bondurant for a discussion of our
second quarter performance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Robert Bondurant &#151; Martin Midstream Partners &#151; CFO</B></U>
</DIV>


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

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




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thank you, Joe. For the second quarter, we had net income of $7.9&nbsp;million, or $0.49 per limited
partner unit. In the second quarter, because of certain commodity and interest rate hedges that did
not qualify for hedge accounting, our net earnings were negatively impacted by $1.8&nbsp;million, or
$0.12 per limited partner unit. Also in the second quarter, we had a gain relating to an asset sale
that positively impacted net earnings by $5.1&nbsp;million for $0.35 per limited partner unit. So
disregarding the net non-cash impact to our financials and the gain on the sell of assets, our
earnings would have been approximated $4.6&nbsp;million, or $0.26 per limited partner unit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As with other MLPs, we believe the most important measure of our performance is distributable cash
flow or DCF. Our distributable cash flow for the second quarter was $10.7&nbsp;million, a distribution
coverage of 0.9 times and for the first six months of 2009, our distribution coverage was 1.04
times. Although slightly below one coverage for the second quarter, our Board of Directors are
firm keeping our distribution flat at $0.75 per unit per quarter. Based upon our current $0.75
quarterly distribution and yesterday&#146;s close price of $26.50, our LP units are currently yielding
11.3%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Now I would like to discuss the second quarter performance by segment, comparing that performance
the first quarter. In our terminalling segment, our cash flow, which is defined as operating income
plus depreciation and amortization, but excluding our gain on sale of assets was $6&nbsp;million in the
second quarter compared to $5.1&nbsp;million in the first quarter of 2008. Increase in cash flow was a
result of increased asphalt and sulfuric acid volumes at our at our specialty terminals. Our
asphalt throughput volume and associated revenue increases are a result of strong demand from the
road construction market. Also in our asphalt market areas, lack of rain has helped the paving
demand to be very consistent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our sulfuric acid throughput volume and associated revenue increases are result of increased demand
from copper leaching facilities. As the price of copper has increased, significantly increased
since the first of the year, we are seeing much more sulfuric acid volume flow through our terminal
and believe that we remain strong through the end of the year based on known future scheduling of
throughput volumes. At June&nbsp;30, we have a receivable from our insurance carrier of $2.6&nbsp;million
for terminal property losses we have paid that were experienced during Hurricane Ike. We anticipate
receiving this payment in the fourth quarter. Looking forward to the third quarter, we estimate
our terminalling cash flow to be stable and similar to the second quarter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our natural gas services segment we had operating income of $0.3&nbsp;million in the second quarter
compared to the $2.5&nbsp;million in the first quarter. In the second quarter we had an approximate $1.9
million non-cash commodity hedging mark to market loss compared to $0.3&nbsp;million non-cash mark to
market loss in the first quarter. Excluding the non-cash mark to market adjustments, we had
operating income of $2.2&nbsp;million in the second quarter compared to $2.8&nbsp;million in the first
quarter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Complementing our natural gas services is our cash flow from our unconsolidated entities, which is
primarily our 50% owned Waskom gas processing plant. For the second quarter, our cash flow
generated from these unconsolidated entities was $1.2&nbsp;million compared to $3.1&nbsp;million in the first
quarter. So excluding the impact of non-cash mark-to-market adjustments and including
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">our distributions from our unconsolidated entities, and adding back depreciation, amortization, our
natural gas services cash flow for the second quarter was $4.9&nbsp;million compared to $6.9&nbsp;million in
the first quarter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As we have foreshadowed in our last Analyst Call, we anticipate this reduced cash flow as we took a
portion of the Waskom plant down for 40&nbsp;days during the second quarter in order to expand our
processing capacity from 265&nbsp;million cubic feet per day to 285&nbsp;million cubic feet per day. We also
took our fractionator down for 17&nbsp;days in the second quarter in order to expand our fractionation
capacity from 12,500 barrels per day to 14,500 barrels per day. This plant downtime coincided with
scheduled downtime of two large customers of the Waskom plant. The effect of this downtime was to
reduce our average daily throughput volume in the second quarter to 227&nbsp;million cubic feet per day,
which accounted for approximately $1&nbsp;million of reduced cash flow. Just coming back online, we have
averaged approximately 261&nbsp;million cubic feet per day to Waskom in July.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Also, although our margins were better than anticipated, the balance of our reduced cash flow was
from our wholesale propane business, which experienced an expected seasonal decline in sales
volume.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To talk more about Waskom, its current processing contract mix is 48% percent of liquids, 34%
fee-based, 18% percent of proceeds and less than 1% keep whole. We currently have 56% of our
remaining 2009 volumes hedged and 27% of our 2010 volumes hedged. When factoring in our hedge
volumes for 2009, a $1 change in natural gas pricing affects our cash flow $70,000 per month, and a
$10 change in oil pricing changes our cash flow $25,000 per month.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Also regarding our competitive position in the East Texas gas processing market, with the Waskom
facility, we continue to operate the only gas plant in our market area that has full fractionation
capability, giving us a competitive advantage to other gas plants in the area. Looking forward to
third quarter, we anticipate our cash flow from this segment will increase when compared to the
second quarter, as our Waskom plant will be fully operational with expanded capacity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our marine transportation segment, we had cash flow of $2.4&nbsp;million in the second quarter,
compared to $5&nbsp;million in the first quarter. Our offshore cash flow fell approximately $1.9&nbsp;million
and our in-land cash flow fell approximately $0.7&nbsp;million between the two quarters. Our offshore
fleet revenue was down due to several significant factors. During the second quarter, our highest
revenue generating offshore tow, which operates under a long-term contract was in the shipyard for
its five year mandatory and scheduled ABS inspection. It was out of service for part of the quarter
and came back on line in May. A second offshore vessel, which was under contract, was in the
shipyard for engine repairs for the majority of the quarter and was replaced by a charter boat. We
operate one offshore tow on the Gulf of Mexico spot market and, due to the low demand for spot
equipment, the tow was under utilized for the quarter. Looking to the third quarter, the first two
offshore vessels I previously described are working and are expected to be fully utilized, while
the third offshore tow remains in the spot market and the utilization of this tow will be dependent
on the future spot market demand.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our inland performance declined as three tows came off contract charter and renewed at lower day
rates and we had an unusual cleaning charge with one tow. The lower day rates are a result of the
general economic slowdown, the resulting softer demand for inland services. Of our current inland
barges, 80% are under day rate contracts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our sulfur services segment, our cash flow was $6&nbsp;million for the second quarter, compared to
$3.4&nbsp;million in the first quarter. This increase in cash flow came from two sources. On the pure
sulfur side of the business cash flow increased $0.7&nbsp;million as volume demand for sulfur improved
by 35%. This volume increase was driven by increased demand from our large fertilizer customers as
world-wide demand for fertilizers picked up in the second quarter. In our niche downstream sulfur
base fertilizer business, we saw a 2% decrease in volume sold, but we had a 68% increase in our
gross margin per ton. The increase in margin was primarily driven by reduced raw material cost,
which allowed us to spread our margins. Looking towards the next quarter, we anticipate a reduction
in fertilizer cash flow as the third quarter is typically a softer demand quarter in the fertilizer
industry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Now I&#146;d like to discuss our liquidity and capital resources. At June&nbsp;30, 2009 we had $297.2&nbsp;million
drawn against our $325&nbsp;million credit facility. Our debt to total capitalization at the end of June
was 57%, and our bank facility&#146;s rolling 12-month leverage ratio, defined as total debt to EBITDA,
was 3.22 to 1. Based on that leverage ratio, our interest rate is LIBOR plus 200.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Currently, regarding our total debt outstanding, we have fixed $235&nbsp;million of our bank facility
through interest rate hedges at an average interest of 4.15%. When added to the applicable margin
of 200 basis points, our hedge rate is 6.15%. The balance of our debt is borrowed under one-month
LIBOR plus 200 basis points, making its average rate approximately 2.47%. At June&nbsp;30, 2009, the
partnership was in compliance with all covenants of its credit facilities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our maintenance capital expenditures for the second quarter were $3.2&nbsp;million. Looking to the
remainder of the year, we still anticipate total maintenance capital expenditures for 2009 to be $9
million. Also looking to the remainder of 2009, we have a net of approximately $10&nbsp;million of
growth capital forecast.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Now this concludes my formal comments. So Felicia, feel free to open up the phone lines for
questions.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Operator: Thank you sir. The question-and-answer session will be conducted electronically.
&#091;Operator Instructions&#093;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">And we will pause for just a moment to give everyone an opportunity to signal. We&#146;ll go to Emily
Wayne of Raymond James.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Emily Wayne with Raymond James</B></U>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Hi guys. I was wondering if you guys could talk a little bit more about the credit facility and
some of the refinancing that you guys might be doing towards the back half of this year, it expires
late next year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Joe McCreery &#151; Vice President Finance and Head of Investor Relations</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Emily, hi. This is Joe. How are you this morning.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Emily Wayne with Raymond James</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Good, how are you?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Joe McCreery &#151; Vice President Finance and Head of Investor Relations</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Good thanks. Yeah. We are &#151; that process is underway at this point. We have begun to identify
participants, if you will, with respect to credit facilities and envision the full-fledged
syndication to take place probably in the next four to six weeks. It&#146;s our intention to have the
credit facility refinanced and extended by one year prior maturity date, so it is not a current
obligation on our balance sheet.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Emily Wayne with Raymond James</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I guess, the reason why I asked this is, have you seen some easing from your creditors just because
of how you&#146;ve been performing year-to-date. Because I know in the last 10-Q you were talking about
how there might be some risk that the credit facility might be renegotiated because of the
litigation at the parent level?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Joe McCreery &#151; Vice President Finance and Head of Investor Relations</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Easing &#151; not sure about that word, perhaps. But I think in general bank market is better from what
we&#146;ve seen and talking to our lenders. I think a lot of that has to be with alternative sources of
capital perhaps, the strength in the high yield fixed income market is one direction I would point
that I think has brought more overall liquidity into the system. So our indication &#151; our read from
our banks is much more positive than I think it was earlier in the year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Emily Wayne with Raymond James</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Okay. That&#146;s really assuring to hear. My another question is about 2010 growth CapEx. I know that
throughout 2009 you guys were scaling back a lot of your capital expenditures. Have some of those
have been deferred into 2010 and could be maybe give us a preliminary growth capital expenditure
budget for 2010?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Robert Bondurant &#151; Martin Midstream Partners &#151; CFO </B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Wes, go ahead and answer that question. You are closer to the forecast.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Wes Martin &#151; Vice President Finance, Business Development</B></U>
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Yeah, I think from the 2010 perspective, I think it&#146;s obviously contingent obviously on liquidity
and covenants and all of those requisite metrics if you will, but right now we are really looking
at stuff that&#146;s already contracted, stuff that &#151; the dollars that we have to spend and in terms of
what that is at this point in time, it&#146;s anywhere from $20 to $30&nbsp;million for 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Emily Wayne with Raymond James</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Okay. Great thank you so much Wes.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#091;Operator Instructions&#093; And gentlemen, at this time there are no other questions in the queue. I
will turn the conference over to Mr.&nbsp;Martin for any additional remarks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Ruben Martin &#151; Martin Midstream Partners &#151; CEO</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Well, I want to thank everybody for calling in this morning. And as we have previously indicated
second quarter is typically our softest and then when you combined that with the natural gas
services business that was down with scheduled growth additions due to our two largest customers
out of that plant. So it was a situation where we needed to go ahead and do the expansion at that
time. So again it was a perfect storm for the second quarter and our diversity though helped us our
terminalling segments and obviously our sulfur segment. We expect improved performance of course in
the natural gas for the next quarter and for the next year. Now that we have up, had a major
turnaround, should be operational for a while now. So I think one thing to remember as we go
forward, is that our GP is fully privately held, fully held by our company, the GP is having a
record year and it remains fully supportive and committed to this partnership in all aspects. This
partnership is our largest asset at the general partner and we&#146;ve remained fully supportive to
that. And like I said, we are having a very good year and I believe that it will reflect on our
public company MMLP in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With that, if there is no further questions we appreciate everybody&#146;s time. Thank you.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thank you. That does conclude today&#146;s conference call. We thank you for your participation.
</DIV>


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