Martin Midstream Partners L.P. (MMLP) Income Statement
MMLP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMMLP revenue and net income
Where MMLP's revenue goes
2025Each bar shows an amount and its share of revenue. MMLP kept −2.0% of revenue as net income.
MMLP profit margins
MMLP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.2% | −11.1% | +1.3% | −3.6% |
| Gross profit | −75.3% | −36.0% | −18.9% | −11.5% |
| Operating income | −18.2% | −3.0% | +0.2% | −4.0% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MMLP quarterly EPS vs estimates
Martin Midstream Partners beat the analyst EPS estimate in 0 of the last 6 quarters. Next report: October 21, 2026.
MMLP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $716.1M | $707.6M | $798.0M | $1.02B | $882.4M | $672.1M | $847.1M | $972.7M | $946.1M | $827.4M |
| Cost of revenue | $627.3M | $347.8M | $691.8M | $679.6M | $589.8M | $418.4M | $552.9M | $761.5M | $698.8M | $563.8M |
| Gross profit | $88.9M | $359.8M | $106.2M | $339.3M | $292.6M | $253.8M | $294.3M | $211.2M | $247.3M | $263.6M |
| Sales, general & admin | $42.0M | $48.5M | $40.8M | $41.8M | $41.0M | $40.9M | $41.4M | $37.7M | $39.0M | $34.4M |
| Total operating expenses | $42.0M | $302.5M | $40.8M | $288.0M | $235.5M | $207.3M | $236.2M | $254.3M | $106.8M | $184.3M |
| Operating income | $46.9M | $57.3M | $65.4M | $51.3M | $57.3M | $46.5M | $58.1M | $44.8M | $59.8M | $72.7M |
| Interest income | — | — | — | $0 | $0 | $191,000 | $91,000 | $30,000 | $943,000 | $2.3M |
| Interest expense | $57.8M | $57.7M | $60.3M | $53.7M | $54.1M | $46.2M | $51.7M | $52.4M | $48.7M | $47.4M |
| Income before taxes | −$10.0M | −$1.0M | $1.4M | −$2.4M | $3.2M | −$5.0M | $6.4M | −$7.2M | $17.5M | $32.4M |
| Income taxes | $4.8M | $4.2M | $5.9M | $7.9M | $3.4M | $1.7M | $1.9M | $369,000 | $352,000 | $726,000 |
| Net income | −$14.4M | −$5.1M | −$4.4M | −$10.3M | −$211,000 | −$6.8M | −$174.9M | $55.7M | $19.9M | $31.7M |
| EBITDA | $98.0M | $106.5M | $111.6M | $107.5M | $114.0M | $102.6M | $118.2M | $106.6M | $113.4M | $171.9M |
| EPS (diluted) | −$0.37 | −$0.13 | $0.20 | $0.30 | −$0.03 | −$0.13 | $0.21 | −$0.02 | $0.73 | $0.76 |
| Gross margin | 12.4% | 50.8% | 13.3% | 33.3% | 33.2% | 37.8% | 34.7% | 21.7% | 26.1% | 31.9% |
| Operating margin | 6.5% | 8.1% | 8.2% | 5.0% | 6.5% | 6.9% | 6.9% | 4.6% | 6.3% | 8.8% |
| Net margin | −2.0% | −0.7% | −0.6% | −1.0% | −0.0% | −1.0% | −20.7% | 5.7% | 2.1% | 3.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $213.6M | $187.7M | $174.2M | $168.7M | $180.7M | $192.5M | $171.3M | $170.9M | $184.5M | $180.8M | $181.1M | $176.7M |
| Cost of revenue | $84.8M | $169.2M | $151.9M | $153.0M | $78.5M | $102.4M | $84.4M | $83.6M | $89.5M | $90.3M | $153.4M | $88.0M |
| Gross profit | $128.8M | $18.5M | $22.3M | $15.8M | $102.2M | $90.2M | $86.9M | $87.3M | $95.0M | $90.5M | $27.7M | $88.7M |
| Sales, general & admin | $9.4M | $10.8M | $10.1M | $9.3M | $10.9M | $11.8M | $16.4M | $12.5M | $10.7M | $8.9M | $10.8M | $10.4M |
| Total operating expenses | $124.9M | $10.8M | $10.1M | $9.3M | $87.3M | $75.7M | $80.1M | $74.7M | $75.1M | $72.6M | $10.8M | $74.0M |
| Operating income | $3.8M | $7.7M | $12.2M | $6.5M | $14.9M | $14.4M | $6.8M | $12.7M | $19.9M | $17.9M | $16.9M | $14.7M |
| Interest expense | $42.4M | $14.0M | $14.5M | $14.6M | $14.6M | $14.1M | $14.1M | $14.6M | $14.4M | $13.8M | $14.4M | $15.0M |
| Income before taxes | $4.5M | −$6.2M | −$2.0M | −$7.7M | −$323,000 | $84,000 | −$8.4M | −$2.3M | $5.6M | $4.1M | $2.8M | −$273,000 |
| Income taxes | −$2.2M | $518,000 | $856,000 | $715,000 | $2.1M | $1.1M | $563,000 | $1.1M | $1.8M | $796,000 | $2.3M | $788,000 |
| Net income | $6.8M | −$6.8M | −$2.8M | −$8.2M | −$2.4M | −$1.0M | −$8.9M | −$3.2M | $3.8M | $3.3M | $507,000 | −$1.1M |
| EBITDA | $16.5M | $20.6M | $24.8M | $19.3M | $26.9M | $26.7M | $18.6M | $24.2M | $31.8M | $29.8M | $29.4M | $26.1M |
| EPS (diluted) | $0.07 | −$0.17 | −$0.07 | −$0.21 | −$0.06 | −$0.03 | −$0.22 | −$0.08 | $0.09 | $0.08 | $0.01 | $0.29 |
| Gross margin | 60.3% | 9.9% | 12.8% | 9.3% | 56.5% | 46.8% | 50.7% | 51.1% | 51.5% | 50.1% | 15.3% | 50.2% |
| Operating margin | 1.8% | 4.1% | 7.0% | 3.9% | 8.2% | 7.5% | 4.0% | 7.4% | 10.8% | 9.9% | 9.3% | 8.3% |
| Net margin | 3.2% | −3.6% | −1.6% | −4.9% | −1.3% | −0.5% | −5.2% | −1.9% | 2.0% | 1.8% | 0.3% | −0.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MMLP's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MMLP financial results
In fiscal year 2025 (ended December 31, 2025), Martin Midstream Partners reported revenue of $716.1 million, up 1.2% from the year before. It had a net loss of $14.4 million, a net profit margin of −2.0%. Diluted earnings per share came to −$0.37. Over five years revenue grew at an average rate of 1.3% a year.
See the MMLP stock overview for the latest quote and news, or the MMLP chart for price history and technical indicators.
MMLP income statement FAQ
What is Martin Midstream Partners's annual revenue?
Martin Midstream Partners reported total revenue of $716.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 1.2% from $707.6 million the previous year.
Is Martin Midstream Partners profitable?
No. Martin Midstream Partners reported a net loss of $14.4 million in fiscal 2025, a net profit margin of −2.0%; its operating margin was 6.5%.
What is Martin Midstream Partners's gross margin?
Martin Midstream Partners's gross margin was 12.4% in fiscal 2025: for every $100 of revenue, Martin Midstream Partners kept $12 after the direct cost of its products and services.
How fast is Martin Midstream Partners growing?
Revenue grew 1.3% a year on average over the last five fiscal years, from $672.1 million to $716.1 million.
What are Martin Midstream Partners's earnings per share?
Martin Midstream Partners earned $-0.37 per diluted share in fiscal 2025, compared with $-0.13 a year earlier.
When will Martin Midstream Partners report its next earnings?
Martin Midstream Partners is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Martin Midstream Partners's fiscal year end?
Martin Midstream Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.