SCHEDULE: Nomura Holdings Discloses 9.8% Stake in Martin Midstream

Nomura Holdings Inc. and its subsidiary Nomura Global Financial Products Inc. have disclosed a 9.8% beneficial ownership stake in Martin Midstream Partners L.P., totaling 3,837,328 common units.

Summary

• Nomura Holdings Inc. and its wholly-owned subsidiary, Nomura Global Financial Products Inc., reported beneficial ownership of 3,837,328 common units of Martin Midstream Partners L.P.
• This represents 9.8% of the outstanding common units.
• The percentage is calculated based on 39,055,086 common units outstanding as of June 30, 2025, as reported in Martin Midstream Partners L.P.'s Form 10-Q filed on July 21, 2025.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership, not containing qualitative information to assess sentiment beyond the routine nature of the investment.

Positives

• A significant financial institution, Nomura Holdings Inc., holds a substantial 9.8% stake, which may indicate confidence in the issuer's long-term prospects.
• The investment is stated to be in the ordinary course of business, suggesting a stable, non-activist holding.

Negatives

• No specific negative aspects were disclosed in this beneficial ownership statement.

Risks

• No specific risks related to Martin Midstream Partners L.P. were disclosed in this beneficial ownership statement.

Future Outlook

No forward-looking statements or guidance were provided in this beneficial ownership statement.

Management Comments

• No notable quotes or paraphrased statements from company management were provided in this beneficial ownership statement.

Industry Context

This is a routine disclosure of beneficial ownership by a financial institution and does not provide specific insights into broader industry trends or competitive dynamics within the midstream energy sector.

Stakeholder Impact

• The disclosure of a significant beneficial ownership stake by Nomura Holdings Inc. may be viewed positively by existing shareholders as it indicates institutional confidence. No other direct impacts on employees, customers, suppliers, or creditors were indicated.

Next Steps

• No specific future actions, events, or milestones were mentioned in this beneficial ownership statement.

Key Dates

Keywords

Martin Midstream Partners, Nomura Holdings, Nomura Global Financial Products, Schedule 13G, beneficial ownership, common units, limited partnership interests, energy infrastructure, midstream