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
DateValue
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