earnings
confidence high
sentiment negative
materiality 0.70
Martin Midstream Q1 net loss $6.8M, Adj EBITDA $20.8M, cuts FY guidance to $90M
MARTIN MIDSTREAM PARTNERS L.P.
- Net loss $6.8M ($0.17/unit) vs loss $1.0M YoY; revenue $187.7M down 2.5%.
- Adjusted EBITDA $20.8M, down from $27.8M YoY; full-year guidance cut to $90M from prior.
- Sulfur Services EBITDA fell $4.7M to $6.8M on fertilizer margin pressure; transportation fell $2M to $6M due to driver constraints.
- Declared quarterly cash dividend of $0.005/unit; debt $468M, leverage 5.08x, liquidity $37.5M.
- Amended revolving credit facility for additional covenant flexibility.