Martin Midstream Partners LP, Kilgore, Texas, reported a 10 percent uptick in fertilizer volumes for the first quarter and increased operating profits from year-ago levels though the company said the increase did not meet its own projections. It expects to recoup some of the expected volumes in the second quarter. Company-wide, Martin pulled into the plus column with net income of $8.8 million compared to the year-ago loss of $3.6 million.
Citing the current turmoil in the energy business as well as COVID-19, Martin withdrew 2020 guidance that was issued in January.