Martin Midstream Partners Q2 revenue returns to profit on terminal, storage strength

Overview

• U.S. midstream energy firm's Q2 revenue rose yr/yr, net income returned to profit

• Adjusted EBITDA for Q2 increased slightly from prior year

• Company declared quarterly cash distribution of $0.005 per unit

Outlook

• Martin Midstream Partners maintains full-year 2026 Adjusted EBITDA guidance of $90.0 mln

• Company expects fertilizer division weakness to persist through the rest of 2026

• Company anticipates pure sulfur business will continue to help offset fertilizer pressure

Result Drivers

• TERMINALLING AND STORAGE - Segment outperformed on higher throughput volumes and storage revenue

• SPECIALTY PRODUCTS - Lubricants division saw higher sales volume, offsetting softness in grease business

• FERTILIZER WEAKNESS - Sulfur Services segment hurt by margin compression in fertilizer division due to reduced demand and higher input costs

• PURE SULFUR BUSINESS - Higher prices and margins in pure sulfur business partially offset fertilizer weakness

Company press release: ID:nBw7z6xJ6a

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)