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NASDAQ · WHOLESALE-PETROLEUM BULK STATIONS & TERMINALS · MID CAP

Martin Midstream Partners L.p. MMLP

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$716.1M
▲ 1.2% YoY
$-14.7M
$21.4M
▲ 236.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. Sales to Martin Resource Management Corporation accounted for approximately 15% of the Partnership's total revenues for each of the years ended December 31, 2025 and 2024. The Partnership's four primary business lines are 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 marketing, distribution, and transportation services for natural gas liquids and blending and packaging services for specialty lubricants and grease. The Terminalling and Storage business line owns or operates 12 marine shore-based terminal facilities and 8 specialty terminal facilities located primarily in the Gulf Coast region of the U.S., with aggregate storage capacity of 2.6 million barrels. The Transportation business line operates a fleet of land and marine transportation assets, including approximately 590 trucks and 1,230 tank trailers based across 25 terminals in the U.S. Gulf Coast and southeastern U.S. The Sulfur Services business line processes and distributes sulfur produced by oil refineries located primarily in the Gulf Coast region of the U.S. The Specialty Products business line owns and operates facilities that blend and package private label agricultural, automotive, and industrial lubricants and manufacture and package commercial and industrial greases, and it sells and distributes NGLs purchased primarily from refineries and natural gas processors. The Partnership was formed in 2002 by Martin Resource Management Corporation, a privately-held company whose initial predecessor was incorporated in 1951 as a supplier of products and services to drilling rig contractors.

Written from the business description in MARTIN MIDSTREAM PARTNERS L.P.'s annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth

USD 716.1M
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.7 · Net income -0.0
1B2B
2009201220152018202120242025
Compound annual growth
−11.1%
+1.3%
−3.6%
−1.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.3% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−2 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 6.8% · Net -2.1%
5%-10%-20%
200920172025
ROE

Not available in our data for this period.

Three returns, three denominators.
Return on equityNot available in our data for this period.

Return on equity has no reading this year — return on capital employed, just below, still does: 12%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 21.4
50.0M100.0M-25.0M-50.0M
200920172025
Net buybacks $M Dividends $M
FY2023 · Dividends · · Net buybacks 0.0
-100M-200M
20092011201320152017201920212023

Total assetsUSD 522.4M
CashUSD 49,000.00
Gross debtUSD 428.0M
Net debtUSD 428.0M
Current ratio1.05×

Not available: we don't have the shareholders' equity figure for this period.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
MMLP, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.70.70.81.00.90.70.81.01.00.81.01.61.61.51.30.90.7
Operating income $B0.00.10.10.10.10.00.10.00.00.10.10.10.10.10.00.00.0
EBITDA $B0.10.10.10.10.10.10.10.10.10.20.20.10.10.10.10.10.1
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.20.10.00.00.0−0.0−0.00.10.00.00.0
Free cash flow $B0.00.00.1−0.00.00.00.00.10.00.10.10.00.0−0.10.00.00.0
EPS, diluted $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE % — not available in our data◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 49 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWholesale-Petroleum Bulk Stations & Terminals
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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