Martin Midstream Companions LP has reported $2.41 million, or $0.06 per unit, in internet loss for the second quarter, in comparison with a internet lack of $1.03 million for the prior three-month interval and a internet revenue of $3.78 million for Q2 2024.
Q2 2025 outcomes for the Gulf Coast-focused firm have been marked by decrease land transport charges and product margins, which dragged down revenues to $180.68 million, in comparison with $184.53 million for Q2 2024.
Kilgore, Texas-based Martin Midstream Companions maintained its dividend at $0.005 per unit for Q2 2025.
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“For the quarter, our Sulfur Companies section delivered gross sales volumes and margins that exceeded our inside projections”, stated Bob Bondurant, president and chief government of the overall associate, Martin Midstream GP LLC. “This efficiency positioned the section for a profitable first half of the yr because the Sulfur Companies section prepares to enter turnaround season throughout the third quarter.
“Within the Transportation section, utilization within the marine enterprise was barely under expectations as a consequence of tools repairs, which decreased money circulate for the quarter. Outcomes from land transportation partially offset the shortfall from marine operations. Land transportation charges continued to indicate indicators of strain in comparison with inside projections, however lower-than-expected working bills contributed to improved money circulate.
“Our Specialty Merchandise section confronted non permanent quantity reductions this quarter within the grease enterprise unit as a consequence of shifts in our buyer portfolio, which we count on to normalize quickly. On the similar time, outcomes from the lubricants enterprise exceeded expectations and helped partially offset the underperformance within the grease enterprise unit.
“Lastly, the Terminaling and Storage section delivered outcomes barely under our inside projections for the quarter as a consequence of greater working bills. Nonetheless, the section stays essentially steady, and we anticipate favorable efficiency over the second half of the yr”.
Gross sales of specialty merchandise totaled $60.34 million for Q2 2025, down from $67.32 million for Q2 2024. Gross sales volumes of pure fuel liquids rose from 540,000 barrels to 572,000 barrels.
Transport income totaled $57.7 million for Q2 2025, down from $61.47 million for Q2 2024.
Sulfur income was $44.13 million, up from $37.19 million for Q2 2024. Gross sales of sulfur merchandise generated $40.06 million whereas sulfur companies income was $4.07 million.
Terminaling and storage income was $24.23 million, down from $24.4 million for Q2 2024.
Working earnings totaled $14.88 million for Q2 2025, down from $19.93 million for Q2 2024.
Adjusted earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) got here at $27.15 million, down from $31.71 million for Q2 2024.
Martin Midstream Companions ended Q2 2025 with $121.6 million in present property together with $47,000 in money and $57.5 million in accounts and different receivables. Present liabilities stood at $107.69 million together with $15,000 in present installments of long-term debt and finance lease obligations.
“Based mostly on efficiency over the primary half of the yr, we’re reaffirming our full yr adjusted EBITDA steering of $109.1 million. Nonetheless, we stay cautious and proceed to intently monitor the potential impacts of the proposed tariffs”, Bondurant stated.
To contact the creator, e mail jov.onsat@rigzone.com
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