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Martin Midstream Partners Announces Quarterly Cash Distribution and Sets Date for Release of Fourth Quarter 2025 Financial Results and 2026 Financial Guidance
Businesswire· 2026-01-22 21:45
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) today announced it has declared a quarterly cash distribution of $0.005 per unit for the quarter ended December 31, 2025. The distribution is payable on February 13, 2026, to common unitholders of record as of the close of business on February 6, 2026. The ex-dividend date for the cash distribution is February 6, 2026. MMLP also announced that it will report its financial results for the fourth quarter of 2025 and re. ...
Martin Midstream Partners Announces Retirement of Johnnie Murry, SVP of Land Transportation, Names John Scott as Successor
Businesswire· 2025-12-22 15:00
Core Viewpoint - Martin Midstream Partners L.P. announces the retirement of Senior Vice President Johnnie Murry and the promotion of John Scott to Vice President of Land Transportation, effective January 1, 2026, following Murry's 49-year career in the industry [1] Company Updates - Johnnie Murry will retire on December 31, 2025, after 49 years in the industry, with 38 years spent at Martin companies [1] - John Scott has been promoted to Vice President of Land Transportation, effective January 1, 2026 [1]
Martin Midstream Partners Announces Retirement of VP Jeff Posey; Michael Lawrence to Expand Role Leading Sulfur and Fertilizer Services
Businesswire· 2025-12-15 17:30
Core Insights - Martin Midstream Partners L.P. announced the retirement of William "Jeff" Posey, Vice President of Fertilizer, effective December 31, 2025, with Michael W. Lawrence set to take over the fertilizer division [1][2][3] Group 1: Leadership Transition - William "Jeff" Posey has over two decades of service at Martin Midstream Partners, starting as Fertilizer Sales Manager in December 1999 and rising to Vice President of Fertilizer in June 2019 [2] - Michael W. Lawrence, currently Senior Vice President – Sulfur Services, will consolidate the sulfur and sulfur-based fertilizer operations under his leadership following Posey's retirement [1][4] Group 2: Michael W. Lawrence's Background - Michael W. Lawrence joined Martin in July 2008 as General Manager of the Sulfur Services division after nearly 10 years at Koch Industries [4] - He has held various leadership roles within The Sulphur Institute, including Vice Chair and Chair, and has been on the Board of Directors since 2009 [5] Group 3: Strategic Implications - The organizational alignment under Lawrence is expected to leverage technical and operational synergies between the sulfur and fertilizer divisions, positioning the core segment for continued success [6]
Martin Midstream Partners L.P. to Participate in the Wells Fargo 24th Annual Energy and Power Symposium
Businesswire· 2025-12-05 16:00
Group 1 - Martin Midstream Partners L.P. will participate in the Wells Fargo 24th Annual Energy and Power Symposium on December 9, 2025, in New York City [1] - The latest investor presentation is available on the Martin Midstream Partners website under the Investor Relations tab [1] Group 2 - Martin Midstream Partners L.P. is a publicly traded limited partnership based in Kilgore, Texas, with operations primarily in the Gulf Coast region of the United States [2] - The company's primary business lines include terminalling, processing, and storage services for petroleum products; transportation services for petroleum products and chemicals; processing and distribution of sulfur and sulfur-based products; and marketing and transportation services for natural gas liquids [2]
润滑油业务与驳船需求疲软,Martin Midstream Partners(MMLP.US)撤回全年指引
智通财经网· 2025-10-16 11:07
Core Viewpoint - Martin Midstream Partners reported an expanded loss in Q3 and withdrew its earnings guidance due to weaker-than-expected lubricants performance and a sharp decline in barge utilization [1][2] Financial Performance - Revenue for Martin Midstream was $168.72 million, a year-over-year decrease of 1.3% [1] - The net loss per share widened from $0.08 in the same quarter last year to $0.21 [1] - Adjusted core profit fell by 23% to $19.3 million [1] Business Segment Analysis - The specialty products segment, particularly the lubricants business, continued to underperform, with sales volumes falling short of expectations [1] - Despite recent signs of improvement, weak sales have made previous guidance for this business unlikely to be met [1] - The lubricants business performance was slightly below expectations, but the company anticipates improved performance in the next quarter as the lubricants market adjusts to the exit of a major competitor in South Louisiana [1] - The sulfur services business faced mild resistance in sales due to the resumption of operations at fertilizer plants after scheduled maintenance [1] - The inland barge fuel transportation demand in the marine transportation business saw a significant decline, which was unexpected at the start of the quarter [1][2] Management Commentary - The President and CEO of Martin Midstream, Bob Bondurant, indicated that refineries' preference for lighter crude types has significantly reduced barge utilization, shifting transportation demand from barges to pipelines [2] - Given the challenging operating environment, the company withdrew its 2025 earnings guidance due to the current weak demand affecting inland barge utilization [2]
Martin Midstream Partners Reports Third Quarter 2025 Financial Results, Declares Quarterly Cash Distribution and Withdraws Guidance
Businesswire· 2025-10-15 20:30
Core Viewpoint - Martin Midstream Partners L.P. reported its financial results for Q3 2025, highlighting an adjusted EBITDA of $19.3 million, which reflects the seasonal nature of the business and typically weaker performance during this quarter [1] Financial Performance - The adjusted EBITDA for the third quarter was $19.3 million, indicating the financial impact of seasonal factors on earnings [1] - The company acknowledged that Q3 results are generally the weakest due to seasonal influences [1]
Martin Midstream Partners L.P. Sets Date for Release of Third Quarter 2025 Financial Results
Businesswire· 2025-10-06 18:17
Core Viewpoint - Martin Midstream Partners L.P. (MMLP) is set to announce its financial results for the third quarter of 2025 on October 15, 2025, after market close [1]. Company Overview - Martin Midstream Partners L.P. is headquartered in Kilgore, Texas, and operates as a publicly traded limited partnership with diverse operations primarily in the Gulf Coast region of the United States [2]. - The company's main business lines include: 1. Terminalling, processing, and storage services for petroleum products and by-products 2. Land and marine transportation services for petroleum products and by-products, chemicals, and specialty products 3. Processing, manufacturing, marketing, and distribution of sulfur and sulfur-based products 4. Marketing, distribution, and transportation services for natural gas liquids, along with blending and packaging services for specialty lubricants and grease [2].
Martin Midstream Partners L.P. Announces Amendment and Extension of Revolving Credit Facility
Businesswire· 2025-09-24 20:01
Core Viewpoint - Martin Midstream Partners L.P. has successfully amended and extended its revolving credit facility, which now matures in November 2026 and has a reduced borrowing capacity of $130 million, down from $150 million, with an accordion feature allowing for an additional $50 million [1][2]. Company Overview - Martin Midstream Partners L.P. is a publicly traded limited partnership based in Kilgore, Texas, primarily operating in the Gulf Coast region of the United States. Its main business lines include terminalling, processing, and storage services for petroleum products; transportation services for various products; sulfur processing; and marketing and distribution of natural gas liquids [3][6]. Financial Details - As of June 30, 2025, Martin Midstream Partners had $41 million outstanding under its credit facility [1]. - The Partnership reported an adjusted EBITDA of $27.1 million for the second quarter of 2025 and is reaffirming its full-year adjusted EBITDA guidance based on first-half performance [6].