MMLP
Martin Midstream Partners L.P.
MMLP lost money over the past year, so it has no meaningful PE right now. Analysts expect a turn to a loss.
MMLP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Weak |
MMLP's revenue is currently healthy, and its profitability is stable, but its cash flow and balance sheet are under pressure.
MMLP PE Valuation
MMLP has no meaningful PE right now: it lost money over the past year.
MMLP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Turning to a loss | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect MMLP's earnings and profitability to decline, with its revenue holding steady.
MMLP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.27 | +$0.25 |
| Q2 2026 | -$0.38 | +$0.01 |
| Q1 2026 | -$0.51 | -$0.27 |
| Q4 2025 | -$0.37 | -$0.24 |
| Q3 2025 | -$0.52 | -573% |
| Q2 2025 | -$0.39 | -344% |
| Q1 2025 | -$0.24 | -340% |
| Q4 2024 | -$0.13 | -$0.02 |
MMLP is still losing money, but far less than before: $0.27 per share over the past year, against $4.44 at its worst in late 2019.
MMLP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $231.7M | +37% |
| Q2 2026 | $213.6M | +18% |
| Q1 2026 | $187.7M | -2.5% |
| Q4 2025 | $174.2M | +1.7% |
| Q3 2025 | $168.7M | -1.3% |
| Q2 2025 | $180.7M | -2.1% |
| Q1 2025 | $192.5M | +6.5% |
| Q4 2024 | $171.3M | -5.4% |
MMLP's revenue is recovering but still below its 2021 peak: $232M last quarter, up 37% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.4% | +0.3 points |
| Q2 2026 | 9% | +0.8 points |
| Q1 2026 | 4.3% | -3.2 points |
| Q4 2025 | 7.3% | +3.3 points |
| Q3 2025 | 4.1% | -3.3 points |
| Q2 2025 | 8.2% | -2.6 points |
| Q1 2025 | 7.5% | -2.4 points |
| Q4 2024 | 4% | -5.5 points |
MMLP's operating margin was 4.4% last quarter, about level with the same quarter a year ago.
MMLP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$15.7M | -$7.8M |
| Q2 2026 | $2.7M | -89% |
| Q1 2026 | -$21.3M | -$9.4M |
| Q4 2025 | $15.6M | -54% |
| Q3 2025 | -$7.9M | +$20.4M |
| Q2 2025 | $24.9M | +$26.3M |
| Q1 2025 | -$11.9M | -$10.3M |
| Q4 2024 | $34.2M | +53% |
MMLP's free cash flow was −$19M over the past year, against $39M the year before.
MMLP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.2% | +69.6K shares |
| 3 years | +0.5% | +210K shares |
| 5 years | +0.8% | +322K shares |
| Available history | +0.5% | +180K shares |
MMLP has 39M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | $17,000 |
MMLP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.7x | High |
| Q2 2026 | 4.7x | High |
| Q1 2026 | 4.9x | High |
| Q4 2025 | 4.3x | High |
| Q3 2025 | 4.7x | High |
| Q2 2025 | 4.3x | High |
| Q1 2025 | 4.3x | High |
| Q4 2024 | 4.1x | High |
MMLP's net debt is about 4.7 years of its operating earnings (EBITDA), about the same as a year ago.
MMLP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.2 | Neutral |
| Stochastic | 38.6 | Neutral |
MMLP's weekly RSI is 48 (neutral) and its Stochastic is 39 (neutral).
MMLP PE vs Energy Sector
| Metric | MMLP | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
MMLP has no meaningful PE right now: it lost money over the past year.
MMLP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.09 | 7.2% above |
| 20 week MA | $2.24 | 0% above |
| 50 week MA | $2.49 | 10% below |
| 100 week MA | $2.83 | 21% below |
| 200 week MA | $2.85 | 21% below |
MMLP has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 21% below its 200-week average.
MMLP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.02 | $1.62 | -60% |
| 2021 | $1.62 | $2.79 | +72% |
| 2022 | $2.79 | $2.85 | +2.2% |
| 2023 | $2.85 | $2.40 | -16% |
| 2024 | $2.40 | $3.75 | +56% |
| 2025 | $3.75 | $2.62 | -30% |
| 2026 YTD | $2.62 | $2.24 | -15% |
MMLP has finished lower in three of the last six years. It's down 15% so far in 2026.