---
schema_version: "secwatch.filing_event.v1"
accession: "0001176334-26-000019"
form_type: "8-K"
ticker: "MMLP"
cik: "0001176334"
company_name: "MARTIN MIDSTREAM PARTNERS L.P."
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:50:24.404422+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Martin Midstream Q1 net loss $6.8M, Adj EBITDA $20.8M, cuts FY guidance to $90M

## Summary
- 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.

## SEC filing metadata
- accession: 0001176334-26-000019
- form_type: 8-K
- ticker: MMLP
- cik: 0001176334
- company_name: MARTIN MIDSTREAM PARTNERS L.P.
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1176334/000117633426000019/0001176334-26-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176334/000117633426000019/mmlp-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001176334-26-000019
- JSON: https://secwatch.observer/filing/0001176334-26-000019.json
- Plain text: https://secwatch.observer/filing/0001176334-26-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.