Martin Midstream Partners LP (MMLP), Kilgore, Texas, reported third-quarter operating income from its Sulfur Services Segment (sulfur and fertilizer) of $291,000 on revenues of $23.1 million, down from the year-ago $3.1 million and $30.8 million, respectively. The company said unplanned refinery turnarounds impacted sulfur tank truck hauling, while fertilizer margins and sales volumes were depressed due to higher fertilizer inventories caused by the delay in fall fertilizer application as a result of the late harvest season.
Company-wide, MMLP income from continuing operations was improved at $13.2 million on revenues of $177.9 million, compared to the year-ago loss of $7.9 million and $234 million, respectively.
CVR Partners LP, Sugar Land, Texas, on Oct. 23 reported a third-quarter net loss of $23 million ($0.20 per common unit) on net sales of $89 million, compared to the year-ago loss of $13 million ($0.12 per unit) and $80 million, respectively. Adjusted EBITDA was $18 million, down from $19 million. The company announced a $0.07 per unit cash distribution for the quarter.
CVR reported strong production coupled with higher UAN sales volumes and stronger UAN and ammonia product pricing over year-ago levels. The company said its East Dubuque, Ill., plant completed a turnaround in October and is now returning to full production.
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