Martin Midstream Partners LP, Kilgore, Texas, reported second-quarter Sulfur Services operating income of $5.3 million on revenues of $35.9 million compared to the year-ago $3.6 million and $38.5 million, respectively. While Martin said its fertilizer business experienced weak demand in June due to a shortened planting season caused by rain and flooding, fertilizer volumes for the quarter were only off 5 percent to 88,000 lt from the year-ago 93,000 lt. Sulfur volumes were up 4 percent to 182,000 lt from 178,000 lt.
Company-wide, Martin, citing headwinds in all of its business units, reported a loss from continuing operations of $10.6 million ($0.27 per limited partners unit) on total revenues of $187.3 million, compared to the year-ago loss of $9.5 million ($0.31 per share) and $227.2 million.