MARTIN MIDSTREAM PARTNERS L.P. MMLP

Industrials SIC 5171 - Wholesale-Petroleum Bulk Stations & Terminals NAICS Wholesale Trade › Merchant Wholesalers, Nondurable Goods › Petroleum and Petroleum Products Merchant Wholesalers › Petroleum Bulk Stations and Terminals derived Nasdaq

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

Last close 2.04 2026-10-23
Market cap $79.8M 2026-06-30 share count
52-week range 1.76 - 3.24

Valuation FY2025 figures against the last close

P/S0.1x
P/E—
P/FCF3.7x
EV/EBITDA5.1x
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 827.4M Gross profit, FY2016: 349.2M Net income, FY2016: 31.7M Revenue, FY2017: 973.4M Gross profit, FY2017: 378.7M Net income, FY2017: 19.9M Revenue, FY2018: 1B Gross profit, FY2018: 360.8M Net income, FY2018: 55.7M Revenue, FY2019: 847.1M Gross profit, FY2019: 354.3M Net income, FY2019: -174.9M Revenue, FY2020: 672.1M Gross profit, FY2020: 315.2M Net income, FY2020: -6.8M Revenue, FY2021: 882.4M Gross profit, FY2021: 349.3M Net income, FY2021: -211K Revenue, FY2022: 1B Gross profit, FY2022: 395.6M Net income, FY2022: -10.3M Revenue, FY2023: 798M Gross profit, FY2023: 408.3M Net income, FY2023: -4.5M Revenue, FY2024: 707.6M Gross profit, FY2024: 410.6M Net income, FY2024: -5.2M Revenue, FY2025: 716.1M Gross profit, FY2025: 397.5M Net income, FY2025: -14.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $827.4M $973.4M $1.02B $847.1M $672.1M $882.4M $1.02B $798.0M $707.6M $716.1M
Gross profit $349.2M $378.7M $360.8M $354.3M $315.2M $349.3M $395.6M $408.3M $410.6M $397.5M
Net income $31.7M $19.9M $55.7M -$174.9M -$6.8M -$211.0K -$10.3M -$4.5M -$5.2M -$14.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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