Martin Midstream Q3 revenue rises on sulfur and lubricants; lifts EBITDA outlook
MMLP•Martin Midstream’s Q3 revenue rose 37% year over year to $231.7 million, while adjusted EBITDA increased to $23.6 million from $19.3 million. The company raised its full-year 2026 adjusted EBITDA guidance to $94 million.
1. Quarterly results
Martin Midstream reported Q3 revenue of $231.73 million, a 37% year-over-year increase. Adjusted EBITDA rose to $23.6 million from $19.3 million a year earlier; the company also reported a net loss of $4.1 million and a loss per share of $0.10.
2. Outlook and drivers
The company raised its full-year 2026 adjusted EBITDA guidance to $94 million. It said pure sulfur and lubricants were primary drivers of Q3 results, while fertilizer-market pressure weighed on land transportation and segment margins. Martin Midstream expects fertilizer pressure to continue through year-end and anticipates a strong sulfur segment for the rest of 2026.
