How did MMLP's revenue and expenses shift in Q4 2024?

**Martin Midstream Partners (MMLP) experienced a decline in revenue and a notable absence of expenses in Q4 2024.**

1. **Revenue Shift**:
- MMLP's revenue was primarily driven by the Product segment, which generated $380.05 million in Q4 2024.
- The Specialized Products segment contributed $264.85 million, while the Marine Transportation segment generated $223.93 million.
- The Sulfur Services segment accounted for $172.49 million, and the Product segment contributed $113.79 million.
2. **Expense Absence**:
- There were no reported expenses in Q4 2024.
3. **Financial Impact**:
- Despite the revenue figures, MMLP reported a net loss of $8.9 million for the quarter, which included $3.7 million in costs associated with the termination of the Merger Agreement.
- The Adjusted EBITDA for the fourth quarter was $23.3 million, indicating that the company's earnings before interest, taxes, depreciation, and amortization were positive, but the net loss suggests that overall profitability was negatively impacted by other factors.

The data indicates that while MMLP had significant revenue streams, the absence of expenses was not reflected in the net loss, suggesting that other costs such as those related to the merger termination and potentially operational costs, overshadowed the revenue gains.