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AI brief of an SEC Form 8-K · MARTIN MIDSTREAM PARTNERS L.P. (MMLP)

Martin Midstream cuts 2026 Adjusted EBITDA guidance to $90.0 million after Q1 loss

Negative Impact 4 of 5 guidance Written later

Martin Midstream Partners reported a first quarter 2026 net loss of $6.8 million, compared with a net loss of $1.0 million a year earlier, and Adjusted EBITDA of $20.8 million, down from $27.8 million. The partnership lowered its full-year 2026 Adjusted EBITDA guidance to $90.0 million, citing fertilizer margin pressure and a shortage of tank truck drivers, which matters to shareholders because it reduces the earnings outlook for the year.

Key points

  • Q1 2026 net loss was $6.8 million, or $0.17 per unit, versus a net loss of $1.0 million, or $0.03 per unit, in Q1 2025
  • Q1 2026 revenues were $187.7 million, down from $192.5 million a year earlier
  • Full-year 2026 Adjusted EBITDA guidance was revised downward to $90.0 million; fertilizer and land transportation guidance were reduced
  • Declared a quarterly cash distribution of $0.005 per unit, payable May 15, 2026, to holders of record on May 8, 2026

The filing

CompanyMARTIN MIDSTREAM PARTNERS L.P. (MMLP)
Form8-K, current report
Filed with the SECApr 22, 2026, 4:06 PM ET
Accession number0001176334-26-000019

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.