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Investing.com - Stifel has reiterated its Hold rating and $4.00 price target on Martin Midstream Partners (NASDAQ:MMLP), currently trading at $2.88, following the company’s second-quarter 2025 results. The midstream operator, with a market capitalization of $115 million, has maintained dividend payments for 23 consecutive years despite challenges.
The midstream energy company reported quarterly results below Stifel’s estimates but maintained its full-year 2025 guidance despite ongoing challenges. According to InvestingPro data, the company remains unprofitable with negative earnings over the last twelve months, while analysts don’t anticipate profitability this year. Stifel noted that tariffs remain a significant concern for the company, potentially impacting both its customers and turnaround costs.
Martin Midstream has completed construction of its oleum tower and is receiving fees for the infrastructure, according to Stifel’s research note. However, management indicated that sales and cash flows from the ELSA joint venture are experiencing delays.
The company is currently evaluating options for its bonds due in 2028, which could potentially include an early redemption, Stifel reported after speaking with Martin Midstream’s management.
Stifel updated its financial estimates following the release of Martin Midstream’s 10-Q filing but maintained both its Hold rating and $4 target price on the stock.
In other recent news, Martin Midstream Partners reported a net loss of $2.4 million for the second quarter of 2025, translating to a loss of $0.06 per unit. This result fell short of analyst expectations, which had projected earnings of $0.08 per unit. The company’s revenue also missed forecasts, coming in at $180.7 million compared to the anticipated $199.4 million. Despite these shortfalls, Martin Midstream Partners maintained its full-year adjusted EBITDA guidance of $109.1 million. The partnership reported an adjusted EBITDA of $27.1 million for the quarter, a decrease from $31.7 million in the same period last year. Stifel, an analyst firm, maintained its Hold rating for Martin Midstream Partners, keeping a price target of $4.00. The firm noted that the company’s adjusted EBITDA of $27.1 million fell below its own estimate of $29.6 million. These developments provide investors with the latest insights into the company’s financial performance and outlook.
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