Martin Midstream Partners L.P. (MMLP) Stock

About Martin Midstream Partners L.P.

Martin Midstream Partners L.P., established in 2002 and headquartered in Kilgore, Texas, is a diversified energy logistics company operating primarily along the U.S. Gulf Coast. Through its subsidiaries, the company specializes in the handling, processing, storage, and transport of petroleum products, by-products, and various chemicals. Its Terminalling and Storage division oversees 15 marine-based and 13 specialized terminal facilities. These sites provide essential services such as storage, refining, blending, packaging, and general handling for petroleum producers and suppliers. Additionally, this segment offers land leasing to oil and gas firms and manages the storage and transfer of lubricants and fuels. The Transportation segment maintains an extensive fleet for moving a range of materials, including petroleum, petrochemicals, and chemicals. This fleet comprises 570 tank trucks, 1,200 trailers, 29 inland marine tank barges, 14 inland push boats, and a single articulated offshore tug and barge unit. Martin Midstream's Sulfur Services segment processes molten sulfur, transforming it into prilled or pelletized forms crucial for fertilizer production and various industrial chemical applications. Finally, the Natural Gas Liquids segment focuses on the storage, distribution, and transport of NGLs. It delivers NGLs wholesale to refineries, industrial consumers, and propane retailers, supported by an impressive 2.1 million barrels of underground NGL storage capacity. Martin Midstream GP LLC serves as the general partner for the company.

Martin Midstream Partners L.P. is headquartered in US.

Martin Midstream Partners L.P. (MMLP) stock trades at $2.16 with a market capitalization of $84.51M. The stock is valued at a negative price-to-earnings (P/E) ratio of -4.21, reflecting a net loss over the last twelve months, a negative price-to-book of -0.90, reflecting negative shareholders' equity, price-to-sales of 0.12. Over the past 52 weeks the stock has ranged between $1.89 and $3.54, and currently trades 39.0% below its 52-week high. It pays a dividend yielding 0.93%.

On profitability, Martin Midstream Partners L.P. generates a return on equity (ROE) of 23.95% (not meaningful, as shareholders' equity is negative), return on capital employed of 9.84%, an operating margin of 5.80%, a net profit margin of -2.84%.

Official website: mmlp.com

Martin Midstream Partners L.P. by the numbers, 2016–2025

Between 2016 and 2025 Martin Midstream Partners L.P. reported revenue of $827.0M rising to $716.0M, a change of -13.4% across 10 years. Compounded, revenue has grown 1.3% a year over five years, -11.1% over three, 1.1% over the last twelve months. Net profit fell to $-14.0M.

Operating margin went from 8.8% in 2016 to 6.5% in 2025, a fall of 2.2 percentage points. The most recent net margin is -2.84%. On a trailing twelve-month basis to Mar '26, revenue is $712.0M and net profit $-20.0M.

Borrowings fell from $808.0M to $525.0M, cash on hand is $49,000, cash from operations was $46.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 9.1% over five years, and was 16.3% in the most recent year.

The share price itself has compounded at -5.1% a year over five years, 0.6% over three, -27.0% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Martin Midstream Partners L.P. (MMLP) — frequently asked questions