MARTIN MIDSTREAM PARTNERS L.P. MMLP
We are a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States ("U.S."). Our four primary business lines include:
•Terminalling, processing, and storage services for petroleum products and by-products;
•Land and marine transportation services for petroleum products and by-products, chemicals, and specialty products;
•Sulfur and sulfur-based products processing, manufacturing, marketing, and distribution; and
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $716.1M | $707.6M | $798.0M | $1.02B | $882.4M | $672.1M | $847.1M | $1.02B | $973.4M | $827.4M |
| Cost of revenue | $318.6M | $297.0M | $389.7M | $623.3M | $533.1M | $356.9M | $492.8M | $659.3M | $594.7M | $478.2M |
| Gross profit | $397.5M | $410.6M | $408.3M | $395.6M | $349.3M | $315.2M | $354.3M | $360.8M | $378.7M | $349.2M |
| SG&A | $42.0M | $48.5M | $40.8M | $41.8M | $41.0M | $40.9M | $41.4M | $39.1M | $39.1M | $34.3M |
| Total operating expenses | $669.3M | $651.9M | $732.6M | $973.3M | $824.8M | $643.0M | $803.6M | $976.1M | $929.9M | $152.3M |
| Operating income | $48.9M | $57.3M | $66.7M | $51.3M | $57.3M | $46.5M | $58.1M | $45.1M | $45.6M | $72.7M |
| Interest expense | $57.8M | $57.7M | $60.3M | $53.7M | $54.1M | $46.2M | $51.7M | $52.3M | $47.8M | $46.1M |
| Pre-tax income | -$10.0M | -$1.0M | $1.4M | -$2.4M | $3.2M | -$5.0M | $6.4M | -$7.3M | -$1.0M | $27.7M |
| Income tax | $4.8M | $4.2M | $5.9M | $7.9M | $3.4M | $1.7M | $1.9M | $577.0K | $158.0K | $726.0K |
| Net income | -$14.7M | -$5.2M | -$4.5M | -$10.3M | -$211.0K | -$6.8M | -$174.9M | $55.7M | $19.9M | $31.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $49.0K | $55.0K | $54.0K | $45.0K | $52.0K | $5.0M | $2.9M | $300.0K | $89.0K | $75.0K |
| Inventory | $50.2M | $51.7M | $43.8M | $109.8M | $62.1M | $54.1M | $62.5M | $84.3M | $97.3M | $82.6M |
| Total current assets | $129.9M | $130.5M | $114.3M | $211.1M | $173.7M | $135.6M | $181.4M | $208.0M | $242.7M | $194.0M |
| Property, plant and equipment | — | — | — | — | — | — | $417.2M | $447.8M | $831.9M | $845.7M |
| Goodwill | $16.7M | $16.7M | $16.7M | $16.7M | $16.8M | $16.8M | $17.7M | $17.8M | $17.3M | $17.3M |
| Other intangibles | — | — | — | — | — | — | — | $18.2M | $25.3M | $36.5M |
| Total assets | $522.4M | $538.5M | $509.4M | $598.9M | $579.9M | $579.6M | $667.2M | $1.07B | $1.25B | $1.25B |
| Accounts payable | $57.8M | $61.6M | $51.7M | $68.2M | $70.3M | $51.9M | $64.8M | $64.0M | $92.6M | $70.2M |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $28.8M | $0 | — | — | — |
| Total current liabilities | $124.1M | $115.5M | $100.6M | $110.9M | $104.1M | $119.4M | $107.3M | $111.8M | $134.4M | $117.6M |
| Long-term debt | $428.0M | $437.6M | $421.2M | $512.9M | $498.9M | $484.6M | $569.8M | $656.5M | $812.6M | $808.1M |
| Total liabilities | $608.2M | $608.9M | $574.0M | $658.3M | $627.9M | $626.5M | $703.4M | $785.2M | $955.3M | $934.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $46.1M | $48.4M | $137.5M | $16.1M | $35.7M | $64.8M | $75.8M | $105.0M | $69.1M | $110.8M |
| Depreciation and amortisation | $50.2M | $50.8M | $49.9M | $56.3M | $56.8M | $61.5M | $60.1M | $61.5M | $65.1M | $92.1M |
| Stock-based compensation | $186.0K | $187.0K | $163.0K | $161.0K | $384.0K | $1.4M | $1.4M | $1.2M | $650.0K | $904.0K |
| Capital expenditure | $24.8M | $42.0M | $34.3M | $27.2M | $16.1M | $28.6M | $30.6M | $35.3M | $41.9M | $40.5M |
| Investing cash flow | -$30.0M | -$58.6M | -$33.7M | -$24.6M | -$19.2M | $2.6M | $174.8M | $147.6M | -$41.6M | $63.8M |
| Financing cash flow | -$16.1M | $10.3M | -$103.8M | $8.5M | -$21.4M | -$65.3M | -$248.1M | -$252.4M | -$27.4M | -$174.7M |
| Buybacks | — | — | $0 | $0 | $17.0K | $9.0K | $392.0K | $273.0K | $4.0K | $347.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001176334-26-000012.
Others in SIC 5171
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| GLP | GLOBAL PARTNERS LP | $1.79B | — | 0.3% |