Exhibit 99.2 Exhibit Martin Midstream Partners L.P. – NASDAQ: MMLP NASDAQ: Partners Martin Midstream L.P. – First Quarter 2019 Quarter First Summary Earnings April 24, 2019 24, April
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3 $0.7 $0.3 $0.2 $0.7 $13.7 $19.0 $(3.7) $(0.1) 1Q19 1Q19 Actual Actual 1Q2019 Interest Expense 1Q19 1Q19 Guidance Guidance SG&A 2019E 2019E 195$79$30.8 $37.9 $159.5 Guidance Guidance Sulfur Services Gs$. 07$2.8 $0.7 $3.3 NGLs uae$35$. $(2.2) $2.4 $23.5 Butane adnl$03$. $5.2 $5.0 $20.3 Cardinal rpn 30$. $1.6 $2.1 $3.0 Propane etlzr$98$. $3.2 $6.1 $19.8 Fertilizer oa G 5. 1. $7.4 $10.2 $50.1 NGS Total ufrPiln 83$. $1.4 $2.1 $2.1 $1.5 $8.3 $6.0 Prilling Sulfur Sulfur Molten Sulfur Services nloae GA$1.)$40 $(4.0) $(4.0) $(15.9) UnallocatedSG&A Transportation oa ufrSrie 3. 97$6.7 $9.7 $34.1 TotalSulfur Services NaturalGas Services Total AdjustedTotal EBITDA Services Natural Gas 1Q19 1Q19 Actual Actual & Storage& Terminalling 1Q19 1Q19 Guidance Guidance 2019E 2019E Guidance Guidance ad$36$. $5.1 $5.6 $23.6 Land aie$22$. $2.7 $2.8 $12.2 Marine oa & 5. 1. $12.9 $13.6 $55.4 TotalT&S Transportation atnLbiat 1. 29$2.5 $2.9 $13.0 Lubricants Martin pcat emnl 1. 32$3.1 $3.2 $12.3 SpecialtyTerminals mcoe eiey$01$. $5.0 $5.0 $20.1 Smackover Refinery oa rnprain$58$. $7.8 $8.4 $35.8 Transportation Total hr-ae emnl 1. 25$2.3 $2.5 $10.0 Shore-BasedTerminals Terminalling & Storage neetepneadbc -- -- -$13.7 $(13.7) $(5.2) -- $3.8 -- $3.5 -- $2.8 -- $5.1 -- income (loss) Net addback expenseInterest ercainadaotzto 78$. 36$. --- -- -- $30.8 -- $0.3 -- $0.7 -- $0.0 $2.9 -- -- -- $(4.0) $0.2 $3.6 -- -- $6.7 -- -- $4.7 $7.8 -- $0.7 -- -- $7.8 $7.4 -- -- -- -- $12.9 -- -- Depreciationandamortization (Gain)property, saleonof equipment Loss andplant Unit-basedcompensation withacquisitions Transactioncost associated Income taxexpense AdjustedEBITDA nelzdmr-omre ncmoiydrvtvs- (.)- -- -- -- -- -- $(0.1) -- commodity onderivatives Unrealizedmark-to-market MMLP 1Q 2019 ADJUSTEDEBITDA COMPARISON TO GUIDANCE
4 $3.3 $3.0 $23.5 $20.3 $(15.9) $0.6 $43.6 $52.5 $76.9 $(14.1) YTD2019 Interest Expense 3. 3. 3. 4. $159.5 $49.4 $34.7 $37.5 $37.9 ufrSrie SG&A SulfurServices Gs$. 09$. $0.8 $0.9 $0.9 $0.7 NGLs uae$. 13$. $18.8 $1.0 $1.3 $2.4 Butane etlzr$. 72$. 19$19.8 $1.9 $4.6 $7.2 $6.1 Fertilizer adnl$. 51$. $5.0 $5.2 $5.1 $5.0 Cardinal rpn 21$. 01$0.7 $0.1 $0.1 $2.1 Propane oa G $02$. 72$53$50.1 $25.3 $7.2 $7.4 $10.2 NGS Total ufrPiln 21$. 21$. $8.3 $6.0 $2.1 $1.5 $2.1 $1.5 $2.0 $1.5 $2.1 $1.5 Prilling Sulfur MoltenSulfur ufrSrie Q921 Q941 2019 4Q19 3Q19 2Q19 1Q19 Services Sulfur nloae GA$40 (.)$40 $(3.9) $(4.0) $(4.0) $(4.0) SG&A Unallocated Total Adjusted EBITDA AdjustedTotal oa ufrSrie 97$07$. 55$34.1 $5.5 $8.2 $10.7 $9.7 Sulfur Services Total aua a evcs11 Q931 Q92019 4Q19 3Q19 2Q19 1Q19 NaturalGas Services Services Transportation $20.1 $13.0 $12.3 $10.0 $23.6 $12.2 Services Natural Gas & Storage& Terminalling 25$. 25$2.5 $2.5 $2.5 $2.5 Q921 Q941 2019 4Q19 3Q19 2Q19 1Q19 ad$. 58$. $6.1 $6.1 $5.8 $5.6 Land aie$. 32$. $3.2 $3.0 $3.2 $2.8 Marine Storage Terminals oa & 1. 1. 1. 1. $55.4 $13.2 $14.2 $14.4 $13.6 TotalT&S Shore-Based Terminalling & rnprain11 Q931 Q92019 4Q19 3Q19 2Q19 1Q19 Transportation atnLbiat 29$. 38$2.6 $3.8 $3.7 $2.9 MartinLubricants pcat emnl 32$. 30$3.0 $3.0 $3.1 $3.2 SpecialtyTerminals mcoe eiey$. 51$. $5.1 $4.9 $5.1 $5.0 Smackover Refinery oa rnprain$. 90$. 93$35.8 $9.3 $9.1 $9.0 $8.4 Transportation Total neetepneadbc -- -- -$52.5 -- -- $159.5 -- $0.6 -- $0.0 -- -- -- $(15.9) -- -- $10.1 $34.1 -- -- -- $12.7 $35.8 -- $21.1 -- -- $50.1 -- $33.0 $(14.1) $55.4 -- addback expenseInterest Depreciationamortization and property,equipment Gain andsale onof plant Income taxexpense AdjustedEBITDA MMLP 2019E ADJUSTEDEBITDA GUIDANCE RECONCILIATION e noe(os 2. 4. 2. 2. (65 $(52.5) $(16.5) $24.0 $23.1 $43.1 $22.4 Net Income (loss)