MMLP · NASDAQ · Oil & Gas Midstream

Martin Midstream Partners (MMLP)

Connects Gulf Coast refineries through terminals, transport, sulfur, and specialty products.

$2.26
vs last close+0.03 (+1.35%)
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Martin Midstream Partners L.P.MMLP
Energy

Operates four Gulf Coast businesses in terminalling and storage, transportation, sulfur services, and specialty products. Its refinery-linked model pairs logistics and product marketing with a sponsor-provided workforce.

Runs four linked Gulf Coast businesses: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products. The portfolio brings together terminal services, land and marine transportation, sulfur activity, and specialty-product operations.

Martin Resource Management Corporation remains the sponsor, and the public MLP structure separates limited partners from the general partner. A refocus from upstream-exposed assets toward services for refineries shaped the modern business, including logistics and marketing of refinery by-products such as sulfur and NGLs. The sponsor provides staff and support through the general-partner structure, so operations depend on it rather than a direct workforce.

Company facts

CEORobert D. Bondurant
ListedNov 1, 2002
ExchangeNASDAQ
HeadquartersKilgore, TX
CountryUnited States
Employees1,311
CIK0001176334
ISINUS5733311055

Market cap$87.2M
EPS (ttm)−$0.2823
P/E (ttm)−7.90
ROE
P/B
P/S0.1172
Dividend yieldDiv yield0.90%
Beta0.10vs XLE 0.05

No analyst consensus on record.

Next report
Oct 21, 26
in 28 days
EPS estimate
−$0.10
Revenue estimate
$207.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported−$0.22−$0.01−$0.06−$0.21−$0.07−$0.17$0.07Pending
Estimate$0.03$0.02$0.08−$0.02$0.06−$0.10
Surprise−833.3%−150.0%−175.0%−950.0%−216.7%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$171.3M$192.5M$180.7M$168.7M$174.2M$187.7M$213.6MPending
Estimate$180.8M$187.1M$199.4M$192.6M$194.5M$207.8M
Surprise−5.2%+2.9%−9.4%−12.4%−10.4%
Estimate−$0.10
ReportedDue Oct 21, 2026
Estimate$207.8M
ReportedDue Oct 21, 2026
View details

Current ratio121.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$170.9M$171.3M$192.5M$180.7M$168.7M$174.2M$187.7M$213.6M
Net income−$3.2M−$8.9M−$1.0M−$2.4M−$8.2M−$2.8M−$6.8M$6.8M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%3.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$12.7M$6.8M$14.4M$14.9M$6.5M$12.2M$7.7M$3.8M
YoY growth−14.0%−59.7%−19.5%−25.3%−48.6%+78.3%−46.6%−74.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $50.0K · Total debt $494.4M · Total assets $547.4M · Shareholders' equity −$90.2M

Revenue
$213.6M
Operating income
$3.8M
Net income
$6.8M
View details

Dividend yield
0.90%
Next ex-date
Nov 7, 26
estimated · in 45 days
Annual dividend
$0.02
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Dividend$0.005$0.005$0.005$0.005$0.005$0.005$0.005$0.005
Annual yield0.50%0.55%0.65%0.65%0.77%0.71%0.77%0.82%
Ex-dateNov 7Feb 7May 8Aug 7Nov 7Feb 6May 8Aug 7
Payment dateNov 14Feb 14May 15Aug 14Nov 14Feb 13May 15Aug 14
View details

Institutions44.26%17.32M shares
36 holders · as of Jun 30, 2026
Insiders32.01%12.52M shares
10 holders · as of Feb 19, 2026
Strategic holders26.51%10.37M shares
2 holders · as of Dec 12, 2025
Adds to102.78%

39.12M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 102.78%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Ruben S. Martin IIIInsider
29.34%11.48Mfiled Jun 11, 2025
Martin Resource Management CorpStrategic
19.41%7.59Mfiled Jun 11, 2025
Invesco Ltd.Institution
18.44%7.21Mas of Jun 30, 2026
OppenheimerFunds, Inc.Institution
16.45%6.44Mfiled Feb 5, 2018
Nomura Holdings IncInstitution
9.11%3.56Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Dec 11, 2025Martin Product Sales LLC10 percent owner+5,573$2.55
Dec 12, 2025Martin Product Sales LLC10 percent owner+7,012$2.59
Dec 4, 2025Martin Product Sales LLC10 percent owner+2,190$2.60
Dec 8, 2025Martin Product Sales LLC10 percent owner+12,228$2.59
Dec 1, 2025Martin Product Sales LLC10 percent owner+2,239$2.59
View details

  • Enterprise Products Partners

    Gulf Coast NGL, refined-product, and marine-logistics infrastructure

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  • Kirby

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  • Calumet

    Specialty-products blending, distribution, and terminal storage

  • Mosaic

    Crop nutrients incorporating sulfur-bearing formulations

Compare

CompanyPriceChange
Martin Midstream Partners$2.26+1.35%$87.2M0.1+18.2%
Enterprise Products Partners$37.95−0.17%$82.24B13.212.41.4+60.8%
ONEOK$91.66+1.74%$56.77B15.515.51.4+52.8%
Kinder Morgan$31.67+1.28%$69.63B20.021.43.9+10.8%
Kirby$133.72+0.94%$7.09B20.417.42.0+7.8%
Calumet$53.90−4.48%$4.92B15.71.1+40.8%
Mosaic$24.82+0.36%$7.86B130.227.30.7−6.0%
Median20.016.51.4+25.8%