Nucor earnings beat by $0.08, revenue fell short of estimates
KILGORE, Texas - Martin Midstream Partners L.P. (NASDAQ:MMLP) reported a net loss in the first quarter of 2025, despite revenue that exceeded analyst expectations.
The partnership posted a net loss of $1.0 million, or $0.03 per unit, for Q1 2025, compared to net income of $3.3 million, or $0.08 per unit, in the same quarter last year. The loss included $0.8 million in costs related to the termination of a merger agreement with Martin Resource Management Corporation. Analysts had expected earnings of $0.02 per unit.
Revenue rose to $192.5 million, up from $180.8 million in Q1 2024 and above the consensus estimate of $187.13 million.
Adjusted EBITDA came in at $27.8 million for the quarter, down from $30.4 million in the prior-year period.
"The Partnership had a good start to 2025 as we generated adjusted EBITDA of $27.8 million in the first quarter," said Bob Bondurant, President and CEO. "We are maintaining our full year adjusted EBITDA guidance of $109.1 million but are cautious as geopolitical uncertainty and trade tensions may impact our customers and the refineries we serve."
The company’s Sulfur Services segment saw increased sales volumes compared to internal projections. However, the Transportation segment experienced lower demand and higher operating expenses in its land division.
Martin Midstream Partners maintained its quarterly cash distribution of $0.005 per common unit.
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