Every 8-K that Martin Midstream Partners LP (MMLP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MMLP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MMLP filings page.
Martin Midstream Partners L.P. reported second‑quarter 2026 net income of $2.6 million, or $0.07 per limited partner unit, compared with a loss of $(2.4) million in 2025. Revenue rose to $213.6 million from $180.7 million, and Adjusted EBITDA edged up to $27.9 million from $27.1 million. For the first half of 2026, the partnership recorded a net loss of $(4.1) million and Adjusted EBITDA of $48.7 million, down from $55.0 million a year earlier, but it maintained full‑year 2026 Adjusted EBITDA guidance of $90.0 million.
Segment performance was mixed: Transportation Adjusted EBITDA was $8.0 million (slightly below 2025) due to offshore inspection downtime, while Terminalling and Storage improved to $9.5 million on stronger underground storage and asset sale gains. Sulfur Services Adjusted EBITDA declined to $8.7 million as fertilizer margins compressed, partly offset by stronger pure sulfur results, and Specialty Products increased to $5.4 million on higher lubricants volumes. Net cash provided by operating activities was $12.2 million, Distributable Cash Flow $2.1 million and Adjusted Free Cash Flow $(880) thousand in the quarter. As of June 30, 2026, total debt was $462.0 million, available revolver liquidity $48.3 million and the leverage ratio 4.96x. The partnership declared a quarterly cash distribution of $0.005 per common unit.
Martin Midstream Partners L.P. reported weaker results for the first quarter of 2026 and cut its full-year outlook. The Partnership posted a net loss of $6.8 million, compared with a net loss of $1.0 million a year earlier, as fertilizer margin pressure and transportation challenges weighed on performance.
First-quarter Adjusted EBITDA was $20.8 million, down from $27.8 million in 2025, on revenues of $187.7 million versus $192.5 million. Sulfur Services and Transportation saw the largest Adjusted EBITDA declines, while Terminalling and Storage and Specialty Products were relatively stable.
The Partnership revised full-year 2026 Adjusted EBITDA guidance down to $90.0 million and generated negative Distributable Cash Flow of $2.9 million in the quarter. As of March 31, total debt outstanding was about $468.1 million with a total adjusted leverage ratio of 5.08x. Despite the weaker cash generation, the Partnership declared a quarterly cash distribution of $0.005 per common unit.
Martin Midstream Partners, through subsidiary Martin Operating Partnership, amended its main bank credit agreement with lenders led by Royal Bank of Canada. The Third Amendment reduces the revolving credit capacity from $130.0 million to $115.0 million, lowering available borrowing.
The amendment also tightens financial covenants. The Operating Partnership must keep a minimum Interest Coverage Ratio of at least 1.65 to 1.00 for fiscal quarters through December 31, 2026, rising to 1.75 to 1.00 from the quarter ending March 31, 2027 onward. It must also maintain a maximum Total Leverage Ratio starting at 5.50 to 1.00 for quarters in 2026, stepping down to 5.30 to 1.00 for the quarter ending March 31, 2027, 5.25 to 1.00 for the quarter ending June 30, 2027, and 5.00 to 1.00 from the quarter ending September 30, 2027 and thereafter.
Martin Midstream Partners L.P. reported a net loss of $14.7 million, or $0.37 per unit, for 2025, compared with a $5.2 million loss in 2024. Revenue edged up to $716.1 million, but Adjusted EBITDA declined to $99.0 million from $110.6 million, reflecting weaker transportation and specialty products performance.
The partnership ended December 31, 2025 with total debt of $439.1 million, liquidity of $31.4 million under its revolver, and a total adjusted leverage ratio of 4.43x. A quarterly cash distribution of $0.005 per unit was declared.
For 2026, management guides to Adjusted EBITDA of $96.5 million, maintenance and turnaround capital of $32.4 million, total capital of $36.5 million, and expected adjusted free cash flow of about $5.8 million, implying another year of modest but positive excess cash after investments.
Martin Midstream Partners L.P. (MMLP) furnished an 8-K announcing its press release reporting financial results for the quarter ended September 30, 2025. The materials were provided as Exhibit 99.1 (press release) and Exhibit 99.2 (third quarter earnings summary) and are designated as “furnished,” not “filed,” under General Instruction B.2.
The press release will also be available on the Partnership’s website at www.MMLP.com.
Martin Midstream Partners L.P., through its wholly owned subsidiary Martin Operating Partnership L.P., entered into a Second Amendment to its Fourth Amended and Restated Credit Agreement with Royal Bank of Canada and other lenders. The amendment extends the maturity of amounts outstanding and lender commitments from February 8, 2027 to November 16, 2027 and reduces the revolving borrowing capacity from $150.0 million to $130.0 million.
The amendment also tightens key financial covenants. The Operating Partnership must maintain a minimum Interest Coverage Ratio of at least 1.75 to 1.00 from the fiscal quarter ended March 31, 2025 onward, a maximum Total Leverage Ratio of 4.50 to 1.00 for the quarters ended March 31 and June 30, 2025 and 4.75 to 1.00 thereafter, and a maximum First Lien Leverage Ratio of 1.25 to 1.00 beginning with the quarter ended March 31, 2025.