Martin Midstream Partners (MMLP) S-3 Shelf registration

Exhibit 12.1

(all amounts in thousands)	2011			2012			2013			2014			2015			1Q 2016
Pre-tax income before minority interest and equity in earnings of partnership		20,991			41,792			39,239			(10,696	)		29,227			14,288
Fixed Charges (Interest Expense)		33,831			37,067			(36,190	)		49,881			51,512			11,975
Amortization of Capitalized Interest		423			482			556			641			754			215
Less:
Capitalized Interest		(624	)		(1,136	)		(1,096	)		(1,437	)		(1,944	)		(324	)
Earnings (Consolidated Cash Flow)		54,621			78,205			2,510			38,389			79,549			26,155
Fixed Charges Interest Expense (includes any debt amortization)		26,781			30,665			(42,495	)		42,203			43,292			10,112
Capitalized Interest		624			1,136			1,096			1,437			1,944			324
Estimated interest element of rentals		6,426			5,266			5,209			6,241			6,276			1,539
Total Fixed Charges		33,831			37,067			(36,190	)		49,881			51,512			11,975
Ratio of Earnings to Fixed Charges		1.61			2.11			(0.07	)		0.77			1.54			2.18
* Calculated as one-third of rentals, which is considered a reasonable approximation of interest factor
Estimated interest element of rentals
Rent Expense for Operating Leases		19,280			15,801			15,629			18,724			18,831			4,618
		33.33	%		33.33	%		33.33	%		33.33	%		33.33	%		33.33	%
Estimated interest element of rentals		6,426			5,266			5,209			6,241			6,276			1,539
Pre-tax income from continuing operations before income or loss from equity investees:
Pre tax Income from continuing operations		16,239			40,679			(13,809	)		(5,230	)		38,213			15,965
Less: Equity in earnings (loss) from unconsolidated entities		(4,752	)		(1,113	)		(53,048	)		5,466			8,986			1,677
		20,991			41,792			39,239			(10,696	)		29,227			14,288