Strategic Shift in Energy Martin Midstream and MRMC Call Off Merger, Refocusing Future Endeavors,

Title : Martin Midstream Partners L.P. Announces Termination of Merger with Martin Resource Management Corporation In a significant development within the energy sector, Martin Midstream Partners L.P. (Nasdaq: MMLP), a midstream services company with operations across various segments of the energy industry, has announced the termination of its previously planned merger agreement with Martin Resource Management Corporation (MRMC). This strategic decision was revealed in a press release distributed from Kilgore, Texas, detailing the cancellation of the Agreement and Plan of Merger initially publicized on October 3, 2024. Background of the AgreementThe Agreement and Plan of Merger were initially conceived as a strategic move by MRMC to acquire all outstanding common units of MMLP not already held by MRMC and its subsidiaries. The merger was portrayed as an effort to consolidate assets and streamline operations within the ambit of MRMC s diversified energy portfolio. The motivation behind this unification was to enhance shareholder value and leverage synergies between the two entities, potentially driving growth through consolidated strategic goals.

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