Kilgore, Texas-Martin Midstream Partners L.P. (MMLP) reported an 88 percent drop in net income for the fourth quarter ending Dec. 31, 2009, to $1.96 million ($.15 per unit) on sales of $200.9 million, compared to the year-ago $17 million ($1.08 per unit) and $236.1 million, respectively. The sulfur services segment, which also includes fertilizer, reported fourth-quarter sales of $18.6 million, down from the year-ago $82.4 million. Full-year MMLP net income was $22.2 million ($1.17 per unit) on sales of $662.4 million, compared to 2008’s $43.5 million ($2.72 per unit) and $1.25 billion. The sulfur services segment had 2009 sales of $79.6 million, down from 2008’s $371.9 million. MMLP noted that the segment showed strong performance, specifically from its fertilizer business.
Transparency Across the Fertilizer Value-Chain