Martin Midstream Partners
Logotype for Martin Midstream Partners L.P.

Martin Midstream Partners (MMLP) investor relations material

Martin Midstream Partners Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Martin Midstream Partners L.P.
Q4 2025 earnings summary18 Feb, 2026

Executive summary

  • Fourth quarter 2025 adjusted EBITDA was $24.8 million, up from $23.3 million in the prior year period, with full-year 2025 adjusted EBITDA totaling $99.0 million, down from $110.6 million in 2024.

  • Net loss for 2025 was $14.7 million, with interest expense of $57.8 million and income tax expense of $4.8 million.

  • Ended 2025 with total debt of $439.1 million and liquidity of $31.4 million under the revolving credit facility.

  • Declared a quarterly cash dividend of $0.005 per common unit.

  • Transaction expenses related to a potential merger with Martin Resource Management Corporation noted in 2025 financials.

Financial highlights

  • Full year 2025 revenue was $716.1 million, up from $707.6 million in 2024.

  • 4Q25 segment adjusted EBITDA: Transportation $8.9M, Terminalling & Storage $10.1M, Sulfur Services $5.7M, Specialty Products $3.6M.

  • Full-year 2025 segment adjusted EBITDA: Transportation $30.8M, Terminalling & Storage $35.9M, Sulfur Services $30.8M, Specialty Products $16.4M.

  • Maintenance capital expenditures and plant turnaround costs for 2025 were $26.6 million.

  • Distributable cash flow for 2025 was $16.6 million, down from $24.1 million in 2024.

Outlook and guidance

  • 2026 adjusted EBITDA guidance is $96.5 million, with segment contributions: Transportation $31.4M, Terminalling & Storage $31.6M, Sulfur Services $30.3M, Specialty Products $17.6M.

  • Maintenance capital expenditures and plant turnaround costs for 2026 are projected at $32.4 million, including $10.0 million in turnaround costs.

  • Total capital spending for 2026 expected to be $36.5 million, mainly due to scheduled refinery turnaround activity.

  • Adjusted free cash flow for 2026 is forecast at $5.8 million.

  • 2026 distributable cash flow is forecast at $9.9 million.

What drove the increase in adjusted leverage?
How is Sulfur Services EBITDA consistent despite market?
Impact of refinery turnaround on 2026 results?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Martin Midstream Partners earnings date

Logotype for Martin Midstream Partners L.P.
Q1 202615 Apr, 2026
Martin Midstream Partners
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Martin Midstream Partners earnings date

Logotype for Martin Midstream Partners L.P.
Q1 202615 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Martin Midstream Partners L.P. is a publicly traded partnership engaged in the transportation, storage, and distribution of petroleum products and by-products. Its operations include marine transportation, terminal services, natural gas liquids handling, and sulfur and fertilizer services. The company serves refineries, utilities, and industrial customers primarily along the U.S. Gulf Coast. Martin Midstream Partners L.P. is headquartered in Kilgore, Texas, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage