Overview
Martin Midstream reports Q3 net loss of $8.4 mln, revenue declines slightly year-over-year
Adjusted EBITDA of $19.3 mln below internal projections, especially in marine and grease businesses
Company withdraws 2025 guidance due to demand softness in inland barge utilization
Outlook
Martin Midstream withdraws full-year 2025 guidance due to demand softness in transportation
Specialty Products segment anticipates improved lubricants performance next quarter
Result Drivers
MARINE TRANSPORTATION - Significant decline in demand for inland barge fuel transportation impacted results
GREASE BUSINESS - Sales volumes in the grease business continued to lag expectations, impacting results
TERMINALLING AND STORAGE - Segment delivered results consistent with projections due to long-term fee-based contracts
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 REVENUE | $168.71 mln | ||
Q3 EPS | -$0.21 | ||
Q3 Net Income | -$8.40 mln | ||
Q3 Operating Income | $6.90 mln |
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the oil & gas transportation services peer group is "buy."
Wall Street's median 12-month price target for Martin Midstream Partners LP is $4.00, about 21% above its October 14 closing price of $3.16
Press Release: ID:nBwTSTvxa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)