Martin Midstream Partners (MMLP) Operating Expenses (2010 - 2026)
Martin Midstream Partners' (MMLP) quarterly Operating Expenses came in at $199.0 million in Q2 2026, up 19.58% YoY from $166.4 million in Q2 2025, and up 10.56% on a QoQ basis from $180.0 million in Q1 2026.
Martin Midstream Partners (MMLP) Operating Expenses (2010 - 2026) Analysis & Trends
Martin Midstream Partners (MMLP) has 17 years of Operating Expenses data on file, last reported at $199.0 million in Q2 2026.
- Quarterly Operating Expenses rose 19.58% year-over-year to $199.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $703.2 million (up 5.23% YoY) and the FY2025 annual result came in at $669.3 million, up 2.66% from the prior year.
- Operating Expenses rose to $199.0 million in Q2 2026, from $180.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $253.8 million in Q1 2022 to a low of $158.4 million in Q3 2024.
- A 5-year average of $189.2 million and a median of $172.5 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 39.04% — and 2023, when it sank 32.82%.
- Tracing MMLP's Operating Expenses over 5 years: stood at $231.4 million in 2022, then fell by 29.05% to $164.2 million in 2023, then advanced by 0.35% to $164.8 million in 2024, then decreased by 1.67% to $162.0 million in 2025, then rose by 22.83% to $199.0 million in 2026.
- The last three Operating Expenses figures came in at $199.0 million (Q2 2026), $180.0 million (Q1 2026), and $162.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 4.00 Mn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 1.93 Bn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Martin Midstream Partners | 92.34 Mn | 92.34 Mn | 106.01 Mn | 199.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 199.00 Mn |
| Mar 31, 2026 | 179.99 Mn |
| Dec 31, 2025 | 162.01 Mn |
| Sep 30, 2025 | 162.22 Mn |
| Jun 30, 2025 | 166.41 Mn |
| Mar 31, 2025 | 178.62 Mn |
| Dec 31, 2024 | 164.77 Mn |
| Sep 30, 2024 | 158.44 Mn |
| Jun 30, 2024 | 165.56 Mn |
| Mar 31, 2024 | 163.14 Mn |
| Dec 31, 2023 | 164.19 Mn |
| Sep 30, 2023 | 162.80 Mn |
| Jun 30, 2023 | 178.98 Mn |
| Mar 31, 2023 | 226.64 Mn |
| Dec 31, 2022 | 231.43 Mn |
| Sep 30, 2022 | 242.34 Mn |
| Jun 30, 2022 | 245.75 Mn |
| Mar 31, 2022 | 253.77 Mn |
| Dec 31, 2021 | 260.18 Mn |
| Sep 30, 2021 | 203.35 Mn |