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Martin Midstream Partners L.P.(MMLP)Earnings, Financials & Key Ratios
MMLP•NASDAQ
$2.34
Price updated Jul 7, 2026
AboutMartin Midstream Partners L.P., together with its subsidiaries, engages in terminalling, processing, storage, and packaging of petroleum products and by-products primarily in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 15 marine shore-based terminal facilities and 13 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products. This segment also offers land rental services to oil and gas companies, as well as storage and handling services for lubricants and fuels. Its Transportation segment operates a fleet of 570 tank trucks and 1,200 trailers; and 29 inland marine tank barges, 14 inland push boats, and 1 articulated offshore tug and barge unit to transport petroleum products and by-products, petrochemicals, and chemicals. The company's Sulfur Services segment processes molten sulfur into prilled or pelletized sulfur, which is used in the production of fertilizers and industrial chemicals. Its Natural Gas Liquids segment stores, distributes, and transports natural gas liquids for wholesale deliveries to refineries, industrial NGL users, and propane retailers, as well as owns approximately 2.1 million barrels of underground storage capacity for NGLs. Martin Midstream GP LLC serves as a general partner of the company. Martin Midstream Partners L.P. was incorporated in 2002 and is based in Kilgore, Texas.Show more
- Revenue$716M+1.2%
- EBITDA$97M-10.2%
- Net Income-$14M-184.6%
- EPS (Diluted)-0.37-184.6%
- Gross Margin12.41%-75.6%
- EBITDA Margin13.55%-11.3%
- Operating Margin6.54%-19.2%
- Net Margin-2.02%-181.2%
MMLP Price & Volume
Martin Midstream Partners L.P. (MMLP) stock price & volume — 10-year historical chart
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Persistent Margin Volatility Masks Deep Solvency Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and solvency constraints
Key Thesis Takeaways
- Martin Midstream Partners faces a challenging fundamental outlook characterized by structural margin compression and a precarious liquidity position that leaves little room for operational error.
- While the partnership maintains a significant $1.0 billion asset base in specialized logistics, the persistent negative equity of $92.7 million and reliance on revolving credit facilities suggest heightened solvency risks.
- Investors should monitor the partnership's ability to stabilize cash flows, as the current disconnect between net losses and capital requirements remains a primary concern for long-term sustainability.
Verdict Logic
the partnership's precarious liquidity position, evidenced by a nominal cash balance of only $49,000, presents an extreme risk to solvency that outweighs the current 1.0% dividend yield.
MMLP Growth Metrics
Martin Midstream Partners L.P. (MMLP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-3.63%
5 Years1.28%
3 Years-11.09%
TTM-1.12%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-114.26%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-118.64%
Return on Capital
10 Years9.53%
5 Years12.53%
3 Years13.25%
Last Year11.41%
MMLP Recent Earnings
Martin Midstream Partners L.P. (MMLP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (33%)●Beat Revenue 1/12 qtrs (9%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$0.17
—
Rev
$188M
—
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$0.07-216.7%
$0.06
Rev
$174M-10.4%
$194M
Q4 2025
Oct 15, 2025Metric
Actual
Est
EPS
$0.21-950.0%
$0.02
Rev
$169M-12.4%
$193M
Q3 2025
Jul 16, 2025Metric
Actual
Est
EPS
$0.06-175.0%
$0.08
Rev
$181M-9.4%
$199M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.17 | $188M |
| Q1 2026 | Feb 18, 2026 | $0.07vs $0.06-216.7% | $174Mvs $194M-10.4% |
| Q4 2025 | Oct 15, 2025 | $0.21vs $0.02-950.0% | $169Mvs $193M-12.4% |
| Q3 2025 | Jul 16, 2025 | $0.06vs $0.08-175.0% | $181Mvs $199M-9.4% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Martin Midstream Partners L.P. (MMLP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.34 | $91.39M | -6.32 | 1.2% | -2.02% | — | 0.88% | |
| $22.57 | $860.71M | 20.71 | -10.63% | 2.03% | — | — | |
| $14.95 | $1.83B | -20.48 | -45.03% | 2.11% | 5.32% | — | |
| $15.42 | $1.92B | -4.42 | -9.02% | -5.71% | -39.5% | — | |
| $57.51 | $58.38B | 11.93 | 8.37% | 37.54% | 32.81% | — | |
| $26.06 | $3.15B | 30.66 | 5.01% | 11.91% | 651.13% | — |
Compare MMLP vs Peers
Martin Midstream Partners L.P. (MMLP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MMLP SEC Filings & Documents
Martin Midstream Partners L.P. (MMLP) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MMLP Frequently Asked Questions
Martin Midstream Partners L.P. (MMLP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Martin Midstream Partners L.P.'s revenue?
Martin Midstream Partners L.P. (MMLP) reported $711.2M in revenue for fiscal year 2025. This represents a 311% increase from $172.9M in 1999.
How fast is Martin Midstream Partners L.P. growing?
Martin Midstream Partners L.P. (MMLP) grew revenue by 1.2% over the past year. Growth has been modest.
Is MMLP profitable?
Martin Midstream Partners L.P. (MMLP) reported a net loss of $20.2M for fiscal year 2025.
Dividend & Returns
Does MMLP pay dividends?
Yes, Martin Midstream Partners L.P. (MMLP) pays a dividend with a yield of 0.88%. This makes it attractive for income-focused investors.
What is Martin Midstream Partners L.P.'s free cash flow?
Martin Midstream Partners L.P. (MMLP) generated $15.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.