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Financials · MMLP

Martin Midstream Partners L.P. Limited Partnership (MMLP) financials

For the twelve months ended Sep 30, 2026, Martin Midstream Partners L.P. Limited Partnership reported $807.18M of revenue and -$11.15M of net income.

Revenue, TTM
$807.18M
Revenue growth, YoY
+13.2%
Net income, TTM
-$11.15M
Net margin
-1.4%
Free cash flow, TTM
-$18.66M
Cash
$48.0K
Total debt
$476.59M
P/S
0.10
Market cap
$79.4M
Annual revenue$716.11M
FY2016FY2025
Annual net income-$14.74M
FY2016FY2025
Annual free cash flow$21.36M
FY2016FY2025

MMLP revenue and earnings growth

MMLP revenueQ3 2026$231.73M

Quarter YoY
+37.3%
QoQ
+8.5%
FY YoY
+1.2%
5Y CAGR
+1.3%
10Y CAGR
-3.6%

MMLP revenue was $231.73M in fiscal Q3 2026 (ended Sep 30, 2026), up 37.3% from a year earlier and up 8.5% from the prior quarter. For the full fiscal 2025 it was $716.11M, up 1.2% from fiscal 2024. Compound annual growth was +1.3% over 5 years and -3.6% over 10 years. It rose in 5 of the last 10 fiscal years.

MMLP net incomeQ3 2026-$4.15M

MMLP net income was -$4.15M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$8.41M a year earlier. For the full fiscal 2025 it was -$14.74M, compared with -$5.21M in fiscal 2024.

MMLP free cash flowQ3 2026-$15.65M

FY YoY
+236.7%
5Y CAGR
-10.0%
10Y CAGR
-15.6%

MMLP free cash flow was -$15.65M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$7.90M a year earlier. For the full fiscal 2025 it was $21.36M, up 236.7% from fiscal 2024. Compound annual growth was -10.0% over 5 years and -15.6% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$716.11M$707.62M$797.96M$1.02B$882.43M$672.14M$847.12M$1.02B$973.39M$827.39M
Cost of revenue$318.62M$297.04M$389.68M$623.31M$533.10M$356.93M$492.80M$659.31M$594.67M$478.19M
Gross profit$397.49M$410.59M$408.28M$395.57M$349.33M$315.22M$354.32M$360.80M$378.71M$349.20M
Selling, general and admin$42.00M$48.50M$40.83M$41.81M$41.01M$40.90M$41.43M$39.12M$39.08M$34.32M
Operating income$48.90M$57.30M$66.72M$51.26M$57.28M$46.50M$58.10M$45.06M$45.62M$72.72M
Interest expense$57.79M$57.71M$60.29M$53.66M------
Pre-tax income-$9.97M-$1.01M$1.37M-$2.41M$3.17M-$5.04M$6.42M-$7.25M-$1.02M$27.73M
Income tax$4.77M$4.20M$5.92M$7.93M$3.38M$1.74M$1.90M$577.0K$158.0K$726.0K
Net income-$14.74M-$5.21M-$4.55M-$10.33M-$211.0K-$6.77M-$174.95M$55.66M$19.92M$31.65M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$49.0K$55.0K$54.0K$45.0K$52.0K$4.96M$2.86M$300.0K$89.0K$75.0K
Inventory$50.25M$51.71M$43.82M$109.80M$62.12M$54.12M$62.54M$84.27M$97.25M$82.63M
Current assets$129.91M$130.48M$114.31M$211.13M$173.69M$135.63M$181.36M$208.04M$242.66M$194.00M
Goodwill$16.67M$16.67M$16.67M$16.67M$16.82M$16.82M$17.70M$17.79M$17.30M$17.30M
Total assets$522.42M$538.51M$509.38M$598.85M$579.86M$579.64M$667.16M$1.07B$1.25B$1.25B
Current liabilities$124.14M$115.50M$100.56M$110.92M$104.09M$119.38M$107.28M$111.75M$134.41M$117.57M
Short-term debt$0$0$0$0$0$28.79M$0$0--
Long-term debt$428.01M$437.63M$421.17M$512.87M$498.87M$484.60M$569.79M$656.46M$812.63M$808.11M
Total debt$428.01M$437.63M$421.17M$512.87M$498.87M$513.39M$569.79M$656.46M$812.63M$808.11M
Total liabilities$608.21M$608.95M$574.00M$658.30M$627.90M$626.51M$703.35M$785.20M$955.26M$934.36M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$46.13M$48.35M$137.47M$16.15M$35.73M$64.78M$75.81M$105.03M$69.08M$110.85M
Capital expenditures$24.77M$42.01M$34.32M$27.24M$16.06M$28.62M$30.62M$35.26M$41.93M$40.45M
Free cash flow$21.36M$6.34M$103.15M-$11.09M$19.67M$36.16M$45.19M$69.78M$27.15M$70.39M
Investing cash flow-$30.01M-$58.60M-$33.66M-$24.64M-$19.24M$2.60M$174.83M$147.62M-$41.63M$63.84M
Financing cash flow-$16.12M$10.25M-$103.80M$8.49M-$21.39M-$65.29M-$248.09M-$252.44M-$27.43M-$174.70M
Share repurchases--$0$0$17.0K$9.0K$392.0K$273.0K$4.0K$347.0K
Stock-based compensation$186.0K$187.0K$163.0K$161.0K$384.0K$1.42M$1.42M$1.22M$650.0K$904.0K
Depreciation and amortization$50.20M$50.79M$49.90M$56.28M$56.75M$61.46M$60.06M$61.48M$65.11M$92.13M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY1.2%-11.3%-21.7%15.5%31.3%-20.7%-17.0%4.8%17.6%-20.2%
Net income growth, YoY-------179.4%-37.1%-17.5%
Gross margin55.5%58.0%51.2%38.8%39.6%46.9%41.8%35.4%38.9%42.2%
Operating margin6.8%8.1%8.4%5.0%6.5%6.9%6.9%4.4%4.7%8.8%
Net margin-2.1%-0.7%-0.6%-1.0%-0.0%-1.0%-20.7%5.5%2.0%3.8%
Free cash flow margin3.0%0.9%12.9%-1.1%2.2%5.4%5.3%6.8%2.8%8.5%
Return on assets-2.8%-1.0%-0.9%-1.7%-0.0%-1.2%-26.2%5.2%1.6%2.5%
Current ratio1.051.131.141.901.671.141.691.861.811.65

Source: XBRL data Martin Midstream Partners L.P. Limited Partnership files with the SEC, latest filing dated Oct 26, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MMLP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MMLP$807.18M+13.2%-$11.15M-1.4%$79.4M
WKC$45.58B+21.1%-$166.30M-0.4%$1.83B
GEL$1.87B+17.6%$71.94M3.9%$1.57B
GLP$23.45B+29.5%$218.54M0.9%$1.53B
CAPL$4.08B+9.1%$50.43M1.2%$754.7M
PTLE$71.65M-27.0%-$1.18M-1.6%$57.6M
TMDE$545.04M-20.8%-$18.64M-3.4%$11.2M
UFG$263.89M+70.0%-$1.75M-0.7%$9.9M

MMLP FAQ

8 questions
  • What is MMLP revenue?
    Martin Midstream Partners L.P. Limited Partnership (MMLP) reported $807.18M of revenue for the twelve months ended Sep 30, 2026. That is up 13.2% from the year before. Revenue for fiscal 2025 was $716.11M.
  • Is MMLP profitable?
    No. Martin Midstream Partners L.P. Limited Partnership reported a net loss of $11.15M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does MMLP have?
    Martin Midstream Partners L.P. Limited Partnership reported $48.0K in cash and cash equivalents and $476.59M of debt on its most recent balance sheet in SEC filings.
  • How fast is MMLP revenue growing?
    Martin Midstream Partners L.P. Limited Partnership's revenue changed +1.2% in fiscal 2025, to $716.11M. Its compound annual growth rate was +1.3% over 5 years and -3.6% over 10 years.
  • What is MMLP gross margin?
    Martin Midstream Partners L.P. Limited Partnership's gross profit was $408.36M on $807.18M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 50.6%.
  • What is MMLP free cash flow?
    Martin Midstream Partners L.P. Limited Partnership generated -$18.66M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $15.99M less capital expenditures.
  • When did MMLP last report financial results?
    The latest statements here come from Martin Midstream Partners L.P. Limited Partnership's 10-Q filed on Oct 26, 2026, covering the period ended Sep 30, 2026.
  • Where does this MMLP financial data come from?
    Quantisnow builds these statements from the structured XBRL data Martin Midstream Partners L.P. Limited Partnership files with the SEC. It is provided for information only and is not investment advice.