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

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.)