Martin Midstream Partners L.P. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 26, 2026, reporting a net loss of $4,146 thousand for the third quarter.

Key Highlights

  • Net loss of $4,146 thousand for the three months ended September 30, 2026, compared to a net loss of $8,412 thousand in the same period of 2025, according to the filing.
  • Total revenues of $231,727 thousand for the third quarter of 2026, up from $168,717 thousand in the third quarter of 2025, the filing disclosed.
  • Long-term debt, net, stood at $476,588 thousand as of September 30, 2026, compared to $428,008 thousand at December 31, 2025.
  • Partners' capital deficit widened to $94,509 thousand as of September 30, 2026, from a deficit of $85,795 thousand at December 31, 2025.
  • 39,124,686 common units outstanding as of October 26, 2026, the filing reported.
  • Nine-month net loss of $8,259 thousand for the period ended September 30, 2026, compared to $11,852 thousand for the same period in 2025.

Financial Results and Balance Sheet Position for Martin Midstream Partners

Martin Midstream Partners L.P. (NASDAQ:MMLP), a Delaware limited partnership headquartered in Kilgore, Texas, operates across four business segments as disclosed in its filing: terminalling and storage, transportation, sulfur services, and specialty product sales. For the three months ended September 30, 2026, the partnership reported total revenues of $231,727 thousand, with specialty product sales contributing $89,502 thousand and transportation revenues of $56,629 thousand, according to the filing.

Total costs and expenses for the third quarter were $221,500 thousand, yielding operating income of $10,188 thousand. The filing reported interest expense, net, of $14,672 thousand for the three months ended September 30, 2026, and $43,124 thousand for the nine months ended September 30, 2026. After accounting for total other expense of $14,907 thousand in the third quarter, the partnership recorded a net loss before taxes of $4,719 thousand. Net loss per unit attributable to limited partners on a basic and diluted basis was $(0.10) for the quarter, compared to $(0.21) in the prior-year period, the filing disclosed.

On the balance sheet, total assets were $564,297 thousand as of September 30, 2026, up from $522,418 thousand at December 31, 2025. The partnership's total liabilities reached $658,806 thousand, resulting in the partners' capital deficit of $94,509 thousand. The filing also noted goodwill of $16,671 thousand and property, plant and equipment, net, of $285,588 thousand as of the quarter-end date. Related party transactions were included in several revenue and cost line items, with terminalling and storage revenues from related parties totaling $19,698 thousand and transportation revenues from related parties of $9,698 thousand for the third quarter.

What Was Disclosed

Martin Midstream Partners filed its quarterly report covering the period ended September 30, 2026, disclosing a third-quarter net loss of $4,146 thousand, total revenues of $231,727 thousand, long-term debt, net, of $476,588 thousand, and a partners' capital deficit of $94,509 thousand as of quarter-end.