secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MIDSTREAM PARTNERS L.P. (MMLP)
CIK:        0001176334
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001176334-26-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176334/000117633426000019/0001176334-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176334/000117633426000019/mmlp-20260422.htm
  HTML page:      https://secwatch.observer/filing/0001176334-26-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer