Kilgore, Texas-Martin Midstream Partners LP (MMLP) reported net income of $8.0 million ($.51 per lp unit) on sales of $313.0 million for the first quarter ending March 31, 2008, compared to the year-ago $5.8 million ($.42 per lp unit) and $155.8 million, respectively. Despite the increase, MMLP said first-quarter net income was negatively impacted by a $1.9 million non-cash derivatives loss, which reduced net income by $.13 per lp unit. First-quarter revenues from MMLP’s sulfur services segment were $70.2 million, up from the year-ago $29.4 million. Costs from the unit were up, at $56.3 million from the year-ago $21.8 million.
Transparency Across the Fertilizer Value-Chain