MARTIN MIDSTREAM PARTNERS L.P.
Business
Martin Midstream Partners L.P. is a publicly traded limited partnership providing integrated midstream logistical services focused on the U.S. Gulf Coast. The company operates terminalling and storage facilities for petroleum products and by-products, land and marine transportation fleets, sulfur processing and fertilizer production plants, and natural gas liquids marketing and specialty lubricant and grease packaging operations. Services are delivered primarily through four business segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products, serving major and independent oil and gas companies, refiners, chemical companies, and wholesale purchasers.
Summary from 10-K filed 2026-02-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 716 | 708 | 798 | 1,019 | 882 | |
| Cost of products sold | 319 | 297 | 390 | 623 | 533 | |
| Operating expenses | 258 | 256 | 252 | 252 | 194 | |
| Selling, general and administrative | 42 | 49 | 41 | 42 | 41 | |
| Depreciation and amortization | 50 | 51 | 50 | 56 | 57 | |
| Total costs and expenses | 669 | 652 | 733 | 973 | 825 | |
| Other operating income (loss), net | 2 | 2 | 1 | 6 | −534,000 | |
| Operating income | 49 | 57 | 67 | 51 | 57 | |
| Interest expense, net | −58 | −58 | −60 | −54 | — | |
| Equity in loss of DSM Semichem LLC | −1 | −624,000 | 0 | 0 | — | |
| Loss on extinguishment of debt | 0 | 0 | −5 | 0 | 0 | |
| Other, net | 33,000 | 25,000 | 56,000 | −5,000 | −4,000 | |
| Total other income (expense) | −59 | −58 | −65 | −54 | −54 | |
| Net income (loss) before taxes | −10 | −1 | 1 | −2 | 3 | |
| Income tax expense | −5 | −4 | −6 | −8 | −3 | |
| Net loss | −15 | −5 | −5 | −10 | −211,000 | |
| Less general partner's interest in net loss | 295,000 | 104,000 | 91,000 | 207,000 | 4,000 | |
| Less loss allocable to unvested restricted units | 61,000 | 25,000 | 14,000 | 40,000 | 0 | |
| Limited partners' interest in net loss | −14 | −5 | −4 | −10 | −207,000 | |
| Net loss per unit attributable to limited partners - basic (in dollars per share) | −0.37 | −0.13 | −0.11 | −0.26 | −0.01 | |
| Net loss per unit attributable to limited partners - diluted (in dollars per share) | −0.37 | −0.13 | −0.11 | −0.26 | −0.01 | |
| Weighted average limited partner units - basic (in shares) | 39 | 39 | 39 | 39 | 39 | |
| Weighted average limited partner units - diluted (in shares) | 39 | 39 | 39 | 39 | 39 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 49,000 | 55,000 | 54,000 | 45,000 | 52,000 | |
| Trade and accrued accounts receivable, less allowance for doubtful accounts of $310 and $940, respectively | 58 | 54 | 53 | 80 | 84 | |
| Inventories | 50 | 52 | 44 | 110 | 62 | |
| Due from affiliates | 9 | 14 | 8 | 8 | — | |
| Other current assets | 12 | 11 | 9 | 14 | 13 | |
| Total current assets | 130 | 130 | 114 | 211 | 174 | |
| Property, plant and equipment, at cost | 971 | 954 | 919 | 904 | 899 | |
| Accumulated depreciation | −682 | −649 | −613 | −584 | −553 | |
| Property, plant and equipment, net | 289 | 305 | 306 | 319 | 345 | |
| Goodwill | 17 | 17 | 17 | 17 | 17 | |
| Right-of-use assets | 70 | 67 | 60 | 35 | 22 | |
| Investment in DSM Semichem LLC | 6 | 7 | 0 | — | — | |
| Deferred income taxes, net | 9 | 10 | 10 | 14 | 20 | |
| Intangibles and other assets, net | 1 | 2 | 2 | 2 | 2 | |
| Total assets | 522 | 539 | 509 | 599 | 580 | |
| Current portion of long term debt and finance lease obligations | 15,000 | 14,000 | 0 | — | — | |
| Trade and other accounts payable | 58 | 62 | 52 | 68 | 70 | |
| Product exchange payables | 169,000 | 798,000 | 426,000 | 32,000 | 1 | |
| Due to affiliates | 13 | 5 | 6 | 9 | — | |
| Income taxes payable | 2 | 1 | 652,000 | 665,000 | 385,000 | |
| Other accrued liabilities | 51 | 47 | 41 | 33 | 30 | |
| Total current liabilities | 124 | 116 | 101 | 111 | 104 | |
| Long-term debt, net | 428 | 438 | 421 | 513 | 499 | |
| Finance lease obligations | 39,000 | 55,000 | 0 | 0 | 9,000 | |
| Operating lease liabilities | 48 | 48 | 46 | 26 | 16 | |
| Other long-term obligations | 8 | 8 | 7 | 8 | 9 | |
| Total liabilities | 608 | 609 | 574 | 658 | 628 | |
| Commitments and contingencies | — | — | — | — | — | |
| Partners capital (deficit) | −86 | −70 | −65 | −59 | −49 | |
| Total partners capital (deficit) | −86 | −70 | −65 | −59 | −48 | |
| Total liabilities and partners' capital | 522 | 539 | 509 | 599 | 580 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Amortization and write-off of deferred debt issue costs | 3 | 3 | 4 | 3 | 3 | |
| Amortization of discount on notes payable | 2 | 2 | 2 | 0 | 0 | |
| Deferred income tax expense | 920,000 | 254,000 | 4 | 6 | 2 | |
| Gain on disposition or sale of property, plant, and equipment | −2 | −2 | −1 | −6 | 534,000 | |
| Unit-based compensation | 186,000 | 187,000 | 163,000 | 161,000 | 384,000 | |
| Accounts and other receivables | −5 | −276,000 | 26 | 5 | −31 | |
| Inventories | 1 | −8 | 66 | −48 | −8 | |
| Due from affiliates | 5 | −6 | 86,000 | 6 | 398,000 | |
| Other current assets | −3 | 88,000 | 5 | −1 | −4 | |
| Trade and other accounts payable | −3 | 10 | −18 | 486,000 | 14 | |
| Product exchange payables | −629,000 | 372,000 | 394,000 | −1 | 1 | |
| Due to affiliates | 8 | −1 | −3 | 7 | 1 | |
| Income taxes payable | 297,000 | 631,000 | −13,000 | 280,000 | −171,000 | |
| Other accrued liabilities | 2 | 600,000 | 3 | −2 | −2 | |
| Change in other non-current assets and liabilities | −138,000 | 1 | −2 | 1 | 649,000 | |
| Net cash provided by operating activities | 46 | 48 | 137 | 16 | 36 | |
| Payments for property, plant, and equipment | −25 | −42 | −34 | −27 | −16 | |
| Payments for plant turnaround costs | −7 | −11 | −5 | −5 | −4 | |
| Investment in DSM Semichem LLC | 0 | −7 | 0 | 0 | — | |
| Proceeds from sale of property, plant, and equipment | 2 | 1 | 5 | 8 | 643,000 | |
| Net cash used in investing activities | −30 | −59 | −34 | −25 | −19 | |
| Payments of long-term debt | −236 | −245 | −632 | −394 | −334 | |
| Payments under finance lease obligations | −14,000 | −9,000 | −9,000 | −279,000 | −3 | |
| Proceeds from long-term debt | 221 | 256 | 543 | 405 | 317 | |
| Payments of debt issuance costs | −808,000 | −23,000 | −14 | −64,000 | −592,000 | |
| Cash distributions paid | −797,000 | −795,000 | −793,000 | −793,000 | −791,000 | |
| Net cash provided by (used in) financing activities | −16 | 10 | −104 | 8 | −21 | |
| Net increase (decrease) in cash | −6,000 | 1,000 | 9,000 | −7,000 | −5 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MARTIN MIDSTREAM PARTNERS L.P.'s CIK number?
MARTIN MIDSTREAM PARTNERS L.P.'s SEC CIK number is 0001176334 (1176334). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MARTIN MIDSTREAM PARTNERS L.P.'s SEC filings?
All of MARTIN MIDSTREAM PARTNERS L.P.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MARTIN MIDSTREAM PARTNERS L.P. last report earnings?
MARTIN MIDSTREAM PARTNERS L.P. (MMLP) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001176334-26-000019). This is MARTIN MIDSTREAM PARTNERS L.P.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is MARTIN MIDSTREAM PARTNERS L.P.'s most recent earnings 8-K?
MARTIN MIDSTREAM PARTNERS L.P.'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001176334-26-000019. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MARTIN MIDSTREAM PARTNERS L.P.'s latest earnings 8-K →
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