Kilgore, Texas-Martin Midstream Partners LP reported that its sulfur services segment, which also includes fertilizer, reported operating income of $6.1 million on sales of $42.9 million for the second quarter ending June 30, 2010, versus the year-ago $5.9 million and $19.3 million. Martin said the segment performed significantly better than the first quarter as its sulfuric acid production facility was fully operational the entire quarter. Six-month income was $10.5 million on sales of $77.3 million, compared to the year-ago $9.2 million and $45.9 million. Martin-wide, second-quarter net income was off, at $3.1 million ($.10 per diluted share) on sales of $211.9 million, versus the year-ago $10.8 million ($.49 per diluted share) on sales of $139.2 million. Six-month income was $4.8 million ($.14 per share) on sales of $454.6 million, versus the year-ago $16 million ($.77 per share) on sales of $302.2 million.
Transparency Across the Fertilizer Value-Chain