Monitor for further margin pressure in the fertilizer business and driver capacity constraints in land transportation, which are the primary headwinds cited for the guidance reduction.
Price Chart
Executive Summary
Martin Midstream Partners reported a net loss of $6.8 million for Q1 2026, missing consensus EPS by 214.4%, and revised full-year Adjusted EBITDA guidance downward to $90.0 million. This constitutes a significant negative earnings miss with lowered guidance.
Key Financial Metrics
Key Facts
- Net loss of $6.8 million for Q1 2026
- Adjusted EBITDA of $20.8 million, down from $27.8 million in Q1 2025
- Revised full-year Adjusted EBITDA guidance downward to $90.0 million
- Declared quarterly cash distribution of $0.005 per unit
Financial Impact
Adjusted EBITDA down 25.2% YoY, guidance cut 27.8%
Risk Factors
- Leverage ratio increased to 5.08x, up from 4.43x
- Liquidity under revolving credit facility decreased to $37.5 million
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001176334-26-000019 |
| Document: mmlp-20260422.htm | 0001176334-26-000019 |
| Document: mmlp1q2026earningssummar.htm | 0001176334-26-000019 |
| Document: 0001176334-26-000019-index-headers.html | 0001176334-26-000019 |
| Document: 0001176334-26-000019-index.html | 0001176334-26-000019 |
| Document: 0001176334-26-000019.txt | 0001176334-26-000019 |
| 8-K Data (Synthetic) | 0001176334-26-000019 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $2.17 $2.04 | ▼ −5.99% | ▼ −5.47% | $1.97 (−9.22%) |
Apr 22, 2026 26w ago | 8-K | $2.56 $2.53 | ▲ +0.98% | ▲ +1.76% | $1.97 (+22.90%) |
Apr 6, 2026 29w ago | 8-K | $2.67 $2.68 | ▼ −0.19% | ▲ +2.34% | $1.97 (+26.35%) |
US Market Status
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