Martin Midstream Partners Q1 net loss widens on sulfur, transportation segment weakness

Martin Midstream Partners LP

22/04/2026 21:15

Overview

U.S. midstream energy firm's Q1 revenue and adjusted EBITDA declined year-over-year

Net loss widened to $6.8 mln from $1.0 mln a year earlier

Company cut full-year adjusted EBITDA guidance to $90 mln, citing fertilizer and driver headwinds

Outlook

Company lowers 2026 full-year Adjusted EBITDA guidance to $90 mln

Company does not expect fertilizer market conditions to improve meaningfully in 2026

Driver shortages expected to continue impacting land transportation business in 2026

Result Drivers

FERTILIZER MARGIN PRESSURE - Co said elevated input costs and weak farmer affordability hurt fertilizer business in Q1

DRIVER SHORTAGES - Inability to hire and retain certified tank truck drivers limited land transportation revenues

OFFSHORE MARINE DOWNTIME - Planned regulatory inspections reduced offshore marine utilization in Q1

Company press release: ID:nBw7HQc3ma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$187.67 mln
Q1 EPS
-$0.17
Q1 Net Income
-$6.80 mln
Q1 Operating Expenses
$66.81 mln
Q1 Operating Income
$8 mln
Q1 Pretax Profit
-$6.24 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the oil & gas transportation services peer group is "buy."

Wall Street's median 12-month price target for Martin Midstream Partners LP is $3.00, about 8.3% above its April 21 closing price of $2.77

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)