MARTIN MIDSTREAM PARTNERS L.P. reported second-quarter 2026 results with revenue rising to $213.6M and earnings returning to a profit of $2.65M, or $0.07 per diluted unit, versus a loss in the prior-year quarter — 10-Q Summary.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$213.6M$180.68M18.2% | Net income²$2.65M($2.41M)210% | Diluted EPS³$0.07($0.06)216.7% |
¹ Reported as “Total revenues”. ² Reported as “Net income (loss)”. ³ Reported as “Net income (loss) per unit attributable to limited partners - basic and diluted”.
Business Highlights
- Revenue growth was broad-based across segments; specialty products revenue rose notably, up 38% in the quarter.
- Specialty product volumes increased ~8% driven by higher NGL pricing; sulfur volumes fell about 26% while sulfur prices rose materially.
- Terminalling and storage benefited from higher underground storage utilization and refinery surcharge revenue from the Smackover facility.
- Transportation saw mixed dynamics: land ancillary (fuel) revenue increased while freight miles declined and marine offshore utilization was reduced due to inspections.
- Capital spending and turnaround activity increased, supporting asset placements and contributing to higher depreciation in midstream assets.
Original SEC Filing:
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