Martin Midstream Partners L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 18, 2023 at 04:04 pm EDT
Share
Martin Midstream Partners L.P. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 176.7 million compared to USD 229.31 million a year ago. Net loss was USD 1.04 million compared to USD 27.48 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.71 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.71 a year ago.
For the nine months, revenue was USD 616.86 million compared to USD 775.5 million a year ago. Net loss was USD 4.97 million compared to USD 9.76 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.25 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to USD 0.25 a year ago.
Martin Midstream Partners L.P. is engaged in providing specialty services to independent oil and gas companies, independent refiners, and chemical companies. Its operations are primarily focused on the Gulf Coast region of the United States. Its segments include Terminalling and Storage, Transportation, Sulfur services and Specialty products. It owns or operates over 12 marine shore-based terminal facilities and nine specialty terminal facilities located primarily in the Gulf Coast region. Its Transportation segment operates a fleet of both land transportation and marine transportation assets that transport petroleum products and by-products, petrochemicals, and chemicals. It processes and distributes sulfur produced by oil refineries primarily located in the Gulf Coast region. The Specialty Products segment specializes in the marketing, distribution, and transportation services for natural gas liquids, as well as blending and packaging services for specialty lubricants and grease.
MARTIN MIDSTREAM PARTNERS L.P. 
