Martin Midstream Partners (MMLP) Operating Expenses (2010 - 2026)
Martin Midstream Partners (MMLP) reported Operating Expenses of $66.8 million for Q1 2026, down 62.6% on a YoY basis from $178.6 million in Q1 2025, and down 58.76% quarter-over-quarter from $162.0 million in Q4 2025.
Martin Midstream Partners (MMLP) Operating Expenses (2010 - 2026) Analysis & Trends
Martin Midstream Partners has reported Operating Expenses for 17 years, with the latest figure at $66.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 62.6% year-over-year to $66.8 million; the trailing twelve-month figure through Mar 2026 stood at $460.1 million (down 18.79% YoY), and the FY2025 full-year result was $669.3 million, up 161.85% from the prior year.
- Operating Expenses for Q1 2026 stood at $66.8 million, down from $162.0 million in the prior quarter.
- The five-year high for Operating Expenses was $544.8 million in Q4 2023, with the low at $56.5 million in Q1 2022.
- Historically, Operating Expenses has averaged $142.1 million across 5 years, with a median of $66.8 million in 2026.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 736.14% — and 2024, when it sank 88.26%.
- Martin Midstream Partners' Operating Expenses stood at $65.2 million in 2022, then jumped by 736.14% to $544.8 million in 2023, then slumped by 88.26% to $63.9 million in 2024, then surged by 153.42% to $162.0 million in 2025, then tumbled by 58.76% to $66.8 million in 2026.
- The last three Operating Expenses figures came in at $66.8 million (Q1 2026), $162.0 million (Q4 2025), and $64.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.15 Bn | 88.85 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 81.41 Bn | 80.26 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.70 Bn | 70.78 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 66.51 Bn | 65.79 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.31 Bn | 58.33 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.21 Bn | 55.70 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.78 Bn | 56.82 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.57 Bn | 55.44 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.90 Bn | 52.09 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Martin Midstream Partners | 103.81 Mn | 103.81 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 |