Kilgore, Tx.-An outage at Martin Midstream Partners LP’s sulfuric acid plant during the first quarter negatively impacted distributable cash flow by $2.4 million. The company said it was able to fully incorporate a scheduled maintenance turnaround, previously slated for fourth quarter 2010, into the unplanned outage. It said this should improve cash flow later in the year. The plant has been operational since March 5 and is currently at full production. Despite the outage, Sulfur Services revenues were up for the first quarter ending March 31, 2010, to $34.4 million from the year-ago $26.6 million. However, expenses were also up, at $24.7 million from $18.4 million a year ago. Company-wide, Martin reported a drop in net income, to $1.8 million ($.04 per diluted unit) on revenues of $242.7 million, compared to the year-ago $5.2 million ($.28 per unit) on revenues of $163 million.
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