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Investing.com - Stifel maintained its Hold rating and $4.00 price target on Martin Midstream Partners (NASDAQ:MMLP) despite the company reporting lower-than-expected quarterly results. According to InvestingPro data, the company’s stock has declined nearly 20% over the past year, with current financial health metrics indicating a FAIR overall rating.
The partnership reported Adjusted EBITDA of $27.1 million, falling short of Stifel’s estimate of $29.6 million for the quarter.
Distributable cash flow (DCF) came in at $6.7 million, below both the prior year’s $9.5 million and Stifel’s projection of $8.9 million.
Martin Midstream Partners announced a distribution per unit (DPU) of $0.005, which equates to $0.02 annually, matching Stifel’s expectations.
The stock was trading at $2.92 at the time of Stifel’s analysis, representing potential upside of approximately 37% to the firm’s unchanged $4.00 price target.
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 estimates, coming in at $180.7 million against a consensus estimate of $199.4 million. Despite these shortfalls, Martin Midstream Partners maintained its full-year adjusted EBITDA guidance of $109.1 million. The company reported an adjusted EBITDA of $27.1 million for the quarter, a decrease from $31.7 million in the same period last year. Revenue for the quarter decreased 2% year-over-year, while operating income fell by 25% compared to the second quarter of 2024. The Transportation segment faced challenges due to marine business utilization issues, while the Specialty Products segment saw temporary volume reductions in its grease business. However, better-than-expected results in the lubricants business partially offset these challenges.
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