Martin Midstream Partners L.P.
Rank #29DeclineMMLP · Nasdaq · Energy
Martin Midstream Partners L.P. (MMLP) — Rank #29 by gross profitability (GP/assets 0.73) · ROE — · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001176334 · all metrics point-in-time as of the filing date.
About
Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, and storage services for petroleum products and by-products in the United States.
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It operates through four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products. The company owns or operates various marine shore-based terminal facilities and specialty terminal facilities, as well as naphthenic lubricants refinery; and offers storage, refining, and handling services for producers and suppliers of petroleum products, handling services for molten sulfur and asphalt, land rental services to oil and gas companies, and storage and handling services for lubricants and fuels. It also engages in the operation of land and marine transportation assets that transport petroleum products and by-products, petrochemicals, and chemicals; and provides refinery and petrochemical services, including transportation of heavy tank bottoms by-products and other petroleum products, hauling natural gas liquids, molten sulfur, sulfuric acid, paper mill liquids, chemicals, and other bulk liquid commodities. In addition, the company processes and distributes molten sulfur into prilled or pelletized sulfur; owns and operates sulfur-based fertilizer production plants and an emulsified sulfur blending plant; and manufactures and markets sulfur-based fertilizer and related sulfur products, such as ammonium sulfate, liquid sulfur, plant nutrient sulfur, Industrial sulfur, and sulfuric acid. Further, it is involved in owning and operating facilities for the blending, processing, packaging, marketing and distribution of private label agricultural, automotive, and industrial lubricants, as well as commercial and industrial greases; selling and distributing natural gas liquids; and storing and transporting of natural gas liquids for wholesale deliveries.
The company was founded in 1951 and is headquartered in Kilgore, Texas.
- Industry
- Oil & Gas Midstream
- Sector
- Energy
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- mmlp.com
Price History
Company Snapshot
P/E, P/B, and dividend yield matter most — book value provides a floor.
Market Cap
$88.03M
P/E (annual)
—
P/S (annual)
0.1
P/B
—
P/OCF (annual)
1.9
Shareholder Yield
—
Employees
—
Industry
Oil & Gas Midstream
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
0/1 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds2 of 5 thresholds not computable from filed data.
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Disclosure regression check
4 previously-disclosed line items are no longer reported. Worth checking the filing for why.
Asset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.73
Primary signal (Novy-Marx).
2nd of 5 SIC 51 peers
Return on equity
—
Gross margin
55.5%
1st of 5 SIC 51 peers
Revenue growth (YoY)
-55.8%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2012 | 2013 | 2014 | 2020 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
1.3%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
—
Current ratio
1.21×
5th of 5 SIC 51 peers
Quick ratio
—
Net cash
-$453.70M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$14.51M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.98
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.0%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.