Quarterly ResultApr 27, 2026, 04:13 PM
MMLP Q1 Net Loss $(6.76)M; Revolving Credit Cut to $115M
AI Summary
MARTIN MIDSTREAM PARTNERS L.P. reported a net loss of $(6.76) million for Q1 2026, a significant increase from the $(1.03) million loss in Q1 2025. Total revenues decreased to $187.67 million from $192.54 million year-over-year. The company also amended its credit agreement, decreasing the revolving credit facility to $115 million from $130 million and adjusting financial covenants, though it remains in compliance.
Key Highlights
- Q1 2026 Net Loss $(6.76)M, compared to $(1.03)M in Q1 2025.
- Q1 2026 Total Revenues $187.67M, down from $192.54M in Q1 2025.
- Q1 2026 Operating Income $8.02M, down from $14.40M in Q1 2025.
- Revolving credit facility decreased from $130M to $115M.
- Long-term debt, net, increased to $458.45M from $428.01M as of Dec 31, 2025.
- Terminalling and storage revenue increased to $22.44M from $21.55M.
- Specialty products revenue decreased to $61.61M from $69.31M.
- Net cash used in operating activities increased to $(13.78)M from $(6.02)M.