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Business Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Financial Information of Partnership's Operating Segments

The following tables present selected financial information with respect to the Partnership's operating segments for the three months ended March 31, 2025 and 2024.

			Terminalling and Storage						Transportation						Sulfur Services						Specialty Products						Indirect selling, general and administrative						Total
Three Months Ended March 31, 2025:
Operating revenues from external customers			$	21,549					$	52,985					$	48,704					$	69,305					$	—					$	192,543
Intersegment operating revenues			1,865						4,490						—						23						—						6,378
Total segment revenues			23,414						57,475						48,704						69,328						—						198,921
Reconciliation of revenues:
Elimination of intersegment revenues			(1,865)						(4,490)						—						(23)						—						(6,378)
Total consolidated revenues			21,549						52,985						48,704						69,305						—						192,543
Less: cost of products sold:
Direct product costs			—						—						26,819						57,627						—						84,446
Manufacturing costs (plant, labor, transportation, and other)			—						—						5,183						5,418						—						10,601
Segment gross margin			23,414						57,475						16,702						6,283						—						103,874
Less:
Employment related expenses2			6,552						15,254						2,163						1,452						3,094						28,515
Driver pay			—						12,081						—						—						—						12,081
Pass-through expenses			—						6,097						864						—						—						6,961
Utilities, materials, and supplies			3,634						609						255						27						—						4,525
Repairs and maintenance			1,399						4,494						208						1						—						6,102
Insurance related expenses			1,471						3,950						160						34						89						5,704
Lease expenses			1,156						4,636						125						22						—						5,939
Other segment expenses1			1,524						2,394						1,654						244						1,492						7,308
Depreciation and amortization			5,569						2,932						3,557						758						—						12,816
(Gain) loss on sale or disposition of property, plant and equipment			(1)						(478)						—						—						—						(479)
			21,304						51,969						8,986						2,538						4,675						89,472
Operating income (loss)			$	2,110					$	5,506					$	7,716					$	3,745					$	(4,675)					$	14,402
Segment assets - as of March 31, 2025			$	166,644					$	169,819					$	131,702					$	65,245					$	—					$	533,410
Capital expenditures and plant turnaround costs			$	922					$	2,822					$	1,741					$	123					$	—					$	5,608

1 Other segment expenses include outside services, property taxes, terminalling fees, regulatory expenses, professional fees, communications expenses, and many other less significant expense categories used in operations.

2 These employment expenses include allocated overhead from Martin Resource Management Corporation and exclude those that are part of our manufacturing operations. Payroll expenses in our manufacturing operations are included in cost of products sold.

			Terminalling and Storage						Transportation						Sulfur Services						Specialty Products						Indirect selling, general and administrative						Total
Three Months Ended March 31, 2024:
Operating revenues from external customers			$	22,517					$	58,307					$	33,681					$	66,325					$	—					$	180,830
Intersegment operating revenues			1,768						3,735						—						21						—						5,524
Total segment revenues			24,285						62,042						33,681						66,346						—						186,354
Reconciliation of revenues:
Elimination of intersegment revenues			(1,768)						(3,735)						—						(21)						—						(5,524)
Total consolidated revenues			22,517						58,307						33,681						66,325						—						180,830
																																	—
Less: cost of products sold:
Direct product costs			—						—						18,444						54,185						—						72,629
Manufacturing costs (plant, labor, transportation, and other)			18						—						4,326						5,459						—						9,803
Segment gross margin			24,267						62,042						10,911						6,702						—						103,922
Less:
Employment related expenses2			5,580						14,741						1,835						1,021						3,130						26,307
Driver pay			—						12,698						—						—						—						12,698
Pass-through expenses			—						7,173						697						—						—						7,870
Utilities, materials, and supplies			4,067						512						209						31						—						4,819
Repairs and maintenance			1,387						4,460						141						3						—						5,991
Insurance related expenses			1,496						3,195						171						26						—						4,888
Lease expenses			966						3,872						87						38						—						4,963
Other segment expenses1			1,821						2,189						1,104						229						706						6,049
Depreciation and amortization			5,395						3,476						2,982						796						—						12,649
(Gain) loss on sale or disposition of property, plant and equipment			(102)						(105)						—						—						—						(207)
			20,610						52,211						7,226						2,144						3,836						86,027
Operating income (loss)			$	3,657					$	9,831					$	3,685					$	4,558					$	(3,836)					$	17,895
Segment assets - as of March 31, 2024			$	171,078					$	158,127					$	107,519					$	75,353					$	—					$	512,077
Capital expenditures and plant turnaround costs			$	7,050					$	2,855					$	6,336					$	1,152					$	—					$	17,393

1 Other segment expenses include outside services, property taxes, terminalling fees, regulatory expenses, professional fees, communications expenses, and many other less significant expense categories used in operations.

2 These employment expenses include allocated overhead from Martin Resource Management Corporation and exclude those that are part of our manufacturing operations. Payroll expenses in our manufacturing operations are included in cost of products sold.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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