Martin Midstream Partners (MMLP) Operating Expenses (2010 - 2026)
Martin Midstream Partners (MMLP) posted Operating Expenses of $66.8 million for Q1 2026, down 58.76% on a QoQ basis from $162.0 million in Q4 2025, and down 62.6% year-over-year from $178.6 million in Q1 2025.
Martin Midstream Partners (MMLP) Operating Expenses (2010 - 2026) Analysis & Trends
Martin Midstream Partners (MMLP) has reported Operating Expenses for 17 consecutive years, with $66.8 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $66.8 million, down 62.6% year-over-year; the trailing twelve-month figure through Mar 2026 was $460.1 million (down 18.79% YoY), and the FY2025 annual result was $669.3 million, up 161.85% from the prior year.
- Operating Expenses was $66.8 million for Q1 2026 at Martin Midstream Partners, down from $162.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $544.8 million in Q4 2023 and troughed at $56.5 million in Q1 2022.
- A 5-year average of $142.1 million and a median of $66.8 million in 2026 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses surged 736.14% — and 2024, when it plunged 88.26%.
- Year by year, Operating Expenses stood at $65.2 million in 2022, then soared by 736.14% to $544.8 million in 2023, then slumped by 88.26% to $63.9 million in 2024, then jumped by 153.42% to $162.0 million in 2025, then tumbled by 58.76% to $66.8 million in 2026.
- Per Business Quant, the three latest MMLP Operating Expenses figures stand at $66.8 million (Q1 2026), $162.0 million (Q4 2025), and $64.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Martin Midstream Partners | 89.98 Mn | 89.98 Mn | 98.18 Mn | 66.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 66.81 Mn |
| Dec 31, 2025 | 162.01 Mn |
| Sep 30, 2025 | 64.88 Mn |
| Jun 30, 2025 | 166.41 Mn |
| Mar 31, 2025 | 178.62 Mn |
| Dec 31, 2024 | 63.93 Mn |
| Sep 30, 2024 | 158.44 Mn |
| Jun 30, 2024 | 165.56 Mn |
| Mar 31, 2024 | 63.93 Mn |
| Dec 31, 2023 | 544.76 Mn |
| Sep 30, 2023 | 64.38 Mn |
| Jun 30, 2023 | 60.74 Mn |
| Mar 31, 2023 | 226.64 Mn |
| Dec 31, 2022 | 65.15 Mn |
| Sep 30, 2022 | 242.34 Mn |
| Jun 30, 2022 | 64.08 Mn |
| Mar 31, 2022 | 56.50 Mn |
| Dec 31, 2021 | -370.68 Mn |
| Sep 30, 2021 | 203.35 Mn |
| Jun 30, 2021 | 176.75 Mn |