MARTIN MIDSTREAM PARTNERS L.P. (MMLP) Form 8-K — Oct 21, 2026
Martin Midstream Partners reported Q3 2026 Adjusted EBITDA of $23.6 million, ahead of internal forecast and up $4.3 million from Q3 2025, driven by standout sulfur and lubricants results despite ongoing fertilizer weakness. The company raised full-year 2026 Adjusted EBITDA guidance to $94.0 million and declared a quarterly distribution of $0.005 per unit payable November 13, 2026. Q3 revenue rose to $231.7 million from $168.7 million a year ago, though the partnership still posted a net loss of $4.1 million.
Key figures
- Revenue
- 231700000
- Guidance
- Full-year 2026 Adjusted EBITDA guidance raised to $94.0 million
- Total Debt
- 483500000
- Revenue Yoy
- up from $168.7M in Q3 2025 (~37%)
- Total Assets
- 564297000
- Cash Position
- 48000
- Leverage ratio
- 4.96x
- Interest coverage
- 1.86x
- Revolver liquidity
- $21.9M
- Quarterly distribution
- $0.005 per unit payable Nov 13, 2026
- Adjusted ebitda 9m 2026
- $72.3M
- Adjusted ebitda q3 2026
- $23.6M vs $19.3M Q3 2025
- Credit adjusted ebitda ttm
- $97.6M
- Distributable cash flow q3
- $0.2M
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