# Martin Midstream Partners L.P.: overview

MMLP · Nasdaq · CIK 1176334 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mmlp.md) · [Financials](/companies/mmlp/financials.md) · [Filings](/companies/mmlp/filings.md) · [Insiders](/companies/mmlp/insiders.md)

Latest reported revenue: [$231.7m](/filings/0001176334-26-000035.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 26, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001176334-26-000035).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [171 d](/filings/0001176334-26-000012.md) | [193](/filings/0001176334-26-000022.md) | [181](/filings/0001176334-26-000028.md) | [169](/filings/0001176334-26-000035.md) | [174 d](/filings/0001176334-26-000012.md) | [188](/filings/0001176334-26-000022.md) | [214](/filings/0001176334-26-000028.md) | [232](/filings/0001176334-26-000035.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [4.0% d](/filings/0001176334-26-000012.md) | [7.5%](/filings/0001176334-26-000022.md) | [8.2%](/filings/0001176334-26-000028.md) | [4.1%](/filings/0001176334-26-000035.md) | [7.3% d](/filings/0001176334-26-000012.md) | [4.3%](/filings/0001176334-26-000022.md) | [9.0%](/filings/0001176334-26-000028.md) | [4.4%](/filings/0001176334-26-000035.md) |
| Net margin | % | [(5.2%) d](/filings/0001176334-26-000012.md) | [(0.5%)](/filings/0001176334-26-000022.md) | [(1.3%)](/filings/0001176334-26-000028.md) | [(5.0%)](/filings/0001176334-26-000035.md) | [(1.7%) d](/filings/0001176334-26-000012.md) | [(3.6%)](/filings/0001176334-26-000022.md) | [1.2%](/filings/0001176334-26-000028.md) | [(1.8%)](/filings/0001176334-26-000035.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [34.2 d](/filings/0001176334-26-000012.md) | [(11.9)](/filings/0001176334-26-000022.md) | [24.9 d](/filings/0001176334-26-000028.md) | [(7.9) d](/filings/0001176334-26-000035.md) | [15.6 d](/filings/0001176334-26-000012.md) | [(21.3)](/filings/0001176334-26-000022.md) | [2.7 d](/filings/0001176334-26-000028.md) | [(15.7) d](/filings/0001176334-26-000035.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [882](/filings/0001176334-24-000040.md) | [1,019](/filings/0001176334-25-000040.md) | [798](/filings/0001176334-26-000012.md) | [708](/filings/0001176334-26-000012.md) | [716](/filings/0001176334-26-000012.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [6.5%](/filings/0001176334-24-000040.md) | [5.0%](/filings/0001176334-25-000040.md) | [8.4%](/filings/0001176334-26-000012.md) | [8.1%](/filings/0001176334-26-000012.md) | [6.8%](/filings/0001176334-26-000012.md) |
| Net margin | % | [(0.0%)](/filings/0001176334-24-000040.md) | [(1.0%)](/filings/0001176334-25-000040.md) | [(0.6%)](/filings/0001176334-26-000012.md) | [(0.7%)](/filings/0001176334-26-000012.md) | [(2.1%)](/filings/0001176334-26-000012.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [19.7](/filings/0001176334-24-000040.md) | [(11.1)](/filings/0001176334-25-000040.md) | [103](/filings/0001176334-26-000012.md) | [6.3](/filings/0001176334-26-000012.md) | [21.4](/filings/0001176334-26-000012.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mmlp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $16.7m | 7,212,745 |  | Unchanged |
| [NOMURA HOLDINGS INC](/funds/1163653.md) | 2026-06-30 | $8.2m | 3,564,619 |  | Unchanged |
| [BARCLAYS PLC](/funds/312069.md) | 2026-06-30 | $3.5m | 1,500,000 |  | Unchanged |
| [KIM, LLC](/funds/1888968.md) | 2026-06-30 | $2.3m | 1,002,819 |  | Unchanged |
| [Blackstone Inc.](/funds/1393818.md) | 2026-06-30 | $2.2m | 932,848 |  | Reduced −42,233 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $2.1m | 911,125 |  | Added +65,273 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $1.3m | 547,270 |  | Unchanged |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $1.2m | 547,268 |  | Reduced −44,951 |
| [NEXPOINT ASSET MANAGEMENT, L.P.](/funds/1469877.md) | 2026-06-30 | $943.0k | 408,240 |  | Unchanged |
| [De Lisle Partners LLP](/funds/2011184.md) | 2026-06-30 | $759.8k | 335,434 |  | Unchanged |

## Recent filings

[All 1,380 filings](/companies/mmlp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 16:02 ET | [10-Q](/filings/0001176334-26-000035.md) | Quarterly report, period 2026-09-30 | 0001176334-26-000035 |
| 2026-10-21 | 16:04 ET | [8-K](/filings/0001176334-26-000033.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001176334-26-000033 |
| 2026-07-27 | 16:21 ET | [10-Q](/filings/0001176334-26-000028.md) | Quarterly report, period 2026-06-30 | 0001176334-26-000028 |
| 2026-07-22 | 16:05 ET | [8-K](/filings/0001176334-26-000025.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001176334-26-000025 |
| 2026-04-27 | 16:06 ET | [10-Q](/filings/0001176334-26-000022.md) | Quarterly report, period 2026-03-31 | 0001176334-26-000022 |
| 2026-04-22 | 16:06 ET | [8-K](/filings/0001176334-26-000019.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001176334-26-000019 |
| 2026-04-06 | 16:06 ET | [8-K](/filings/0001176334-26-000016.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001176334-26-000016 |
| 2026-02-23 | 16:24 ET | [10-K](/filings/0001176334-26-000012.md) | Annual report, period 2025-12-31 | 0001176334-26-000012 |
| 2026-02-18 | 16:04 ET | [8-K](/filings/0001176334-26-000006.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001176334-26-000006 |
| 2025-10-20 | 16:09 ET | [10-Q](/filings/0001176334-25-000127.md) | Quarterly report, period 2025-09-30 | 0001176334-25-000127 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001176334-26-000012.md), filed Feb 23, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1176334
- Tickers: MMLP
- Exchange: Nasdaq
- SIC code: 5171 Wholesale-Petroleum Bulk Stations & Terminals
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 26, 2026, 16:14 ET. No prices; not investment advice.