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Stocks · Industrials · Wholesale-Petroleum Bulk Stations & Terminals

MARTIN MIDSTREAM PARTNERS L.P.

MMLP Clue Score25
United States Fiscal year ends December CIK 0001176334
$2.04 +9.09% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.04 −42.05% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue827.4Operating income72.7Net income31.7Fiscal year 2017Revenue973.4 +17.6%Operating income45.6Net income19.9 −37.1%Fiscal year 2018Revenue1,020.1 +4.8%Operating income45.1Net income55.7 +179.4%Fiscal year 2019Revenue847.1 −17.0%Operating income58.1Net income−174.9 −414.3%Fiscal year 2020Revenue672.1 −20.7%Operating income46.5Net income−6.8Fiscal year 2021Revenue882.4 +31.3%Operating income57.3Net income−0.2Fiscal year 2022Revenue1,018.9 +15.5%Operating income51.3Net income−10.3Fiscal year 2023Revenue798.0 −21.7%Operating income66.7Net income−4.5Fiscal year 2024Revenue707.6 −11.3%Operating income57.3Net income−5.2Fiscal year 2025Revenue716.1 +1.2%Operating income48.9Net income−14.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 827.4 973.4 1,020.1 847.1 672.1 882.4 1,018.9 798.0 707.6 716.1
Growth +17.6% +4.8% −17.0% −20.7% +31.3% +15.5% −21.7% −11.3% +1.2%
Operating income 72.7 45.6 45.1 58.1 46.5 57.3 51.3 66.7 57.3 48.9
Net income 31.7 19.9 55.7 −174.9 −6.8 −0.2 −10.3 −4.5 −5.2 −14.7
Growth −37.1% +179.4% −414.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin8.8%Net margin3.8%Free cash flow margin8.5%Fiscal year 2017Operating margin4.7%Net margin2.0%Free cash flow margin2.8%Fiscal year 2018Operating margin4.4%Net margin5.5%Free cash flow margin6.8%Fiscal year 2019Operating margin6.9%Net margin−20.7%Free cash flow margin5.3%Fiscal year 2020Operating margin6.9%Net margin−1.0%Free cash flow margin5.4%Fiscal year 2021Operating margin6.5%Net margin−0.0%Free cash flow margin2.2%Fiscal year 2022Operating margin5.0%Net margin−1.0%Free cash flow margin−1.1%Fiscal year 2023Operating margin8.4%Net margin−0.6%Free cash flow margin12.9%Fiscal year 2024Operating margin8.1%Net margin−0.7%Free cash flow margin0.9%Fiscal year 2025Operating margin6.8%Net margin−2.1%Free cash flow margin3.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 8.8% 4.7% 4.4% 6.9% 6.9% 6.5% 5.0% 8.4% 8.1% 6.8%
Net margin 3.8% 2.0% 5.5% −20.7% −1.0% −0.0% −1.0% −0.6% −0.7% −2.1%
Free cash flow margin 8.5% 2.8% 6.8% 5.3% 5.4% 2.2% −1.1% 12.9% 0.9% 3.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow110.8Capital expenditure−40.5Free cash flow70.4Buybacks−0.3Fiscal year 2017Operating cash flow69.1Capital expenditure−41.9Free cash flow27.2 −61.4%Buybacks−0.0Fiscal year 2018Operating cash flow105.0Capital expenditure−35.3Free cash flow69.8 +157.0%Buybacks−0.3Fiscal year 2019Operating cash flow75.8Capital expenditure−30.6Free cash flow45.2 −35.2%Buybacks−0.4Fiscal year 2020Operating cash flow64.8Capital expenditure−28.6Free cash flow36.2 −20.0%Buybacks−0.0Fiscal year 2021Operating cash flow35.7Capital expenditure−16.1Free cash flow19.7 −45.6%Buybacks−0.0Fiscal year 2022Operating cash flow16.1Capital expenditure−27.2Free cash flow−11.1 −156.4%Buybacks0.0Fiscal year 2023Operating cash flow137.5Capital expenditure−34.3Free cash flow103.2Buybacks0.0Fiscal year 2024Operating cash flow48.4Capital expenditure−42.0Free cash flow6.3 −93.9%Fiscal year 2025Operating cash flow46.1Capital expenditure−24.8Free cash flow21.4 +236.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 110.8 69.1 105.0 75.8 64.8 35.7 16.1 137.5 48.4 46.1
Capital expenditure −40.5 −41.9 −35.3 −30.6 −28.6 −16.1 −27.2 −34.3 −42.0 −24.8
Free cash flow 70.4 27.2 69.8 45.2 36.2 19.7 −11.1 103.2 6.3 21.4
Growth −61.4% +157.0% −35.2% −20.0% −45.6% −156.4% −93.9% +236.7%
Buybacks −0.3 −0.0 −0.3 −0.4 −0.0 −0.0 0.0 0.0 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.0Total debt808.1Net cash (debt)−808.1Fiscal year 2017Cash0.0Total debt812.6Net cash (debt)−812.6Fiscal year 2018Cash0.2Total debt656.5Net cash (debt)−656.2Fiscal year 2019Cash2.9Total debt569.8Net cash (debt)−566.9Fiscal year 2020Cash5.0Total debt513.4Net cash (debt)−508.4Fiscal year 2021Cash0.1Total debt498.9Net cash (debt)−498.8Fiscal year 2022Cash0.0Total debt512.9Net cash (debt)−512.8Fiscal year 2023Cash0.1Total debt421.2Net cash (debt)−421.1Fiscal year 2024Cash0.1Total debt437.6Net cash (debt)−437.6Fiscal year 2025Cash0.0Total debt428.0Net cash (debt)−428.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.0 0.0 0.2 2.9 5.0 0.1 0.0 0.1 0.1 0.0
Total debt 808.1 812.6 656.5 569.8 513.4 498.9 512.9 421.2 437.6 428.0
Net cash (debt) −808.1 −812.6 −656.2 −566.9 −508.4 −498.8 −512.8 −421.1 −437.6 −428.0

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
827.4 973.4 1,020.1 847.1 672.1 882.4 1,018.9 798.0 707.6 716.1
Growth +17.6% +4.8% −17.0% −20.7% +31.3% +15.5% −21.7% −11.3% +1.2%
478.2 594.7 659.3 492.8 356.9 533.1 623.3 389.7 297.0 318.6
34.3 39.1 39.1 41.4 40.9 41.0 41.8 40.8 48.5 42.0
72.7 45.6 45.1 58.1 46.5 57.3 51.3 66.7 57.3 48.9
Growth −37.3% −1.2% +29.0% −20.0% +23.2% −10.5% +30.2% −14.1% −14.7%
27.7 −1.0 −7.3 6.4 −5.0 3.2 −2.4 1.4 −1.0 −10.0
0.7 0.2 0.6 1.9 1.7 3.4 7.9 5.9 4.2 4.8
31.7 19.9 55.7 −174.9 −6.8 −0.2 −10.3 −4.5 −5.2 −14.7
Growth −37.1% +179.4% −414.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 1.3% a year over five years.
  • Operating margin is flat at 6.8%.
  • A net loss in 7 of 10 years on file.