Martin Midstream Partners (MMLP) Operating Expenses (2010 - 2026)
Martin Midstream Partners (MMLP) posted Operating Expenses of $180.0 million for Q1 2026, up 172.34% on a QoQ basis from -$248.8 million in Q4 2025, and up 179.25% year-over-year from $64.5 million in Q1 2025.
Martin Midstream Partners (MMLP) Operating Expenses (2010 - 2026) Analysis & Trends
Martin Midstream Partners' Operating Expenses history runs 17 years deep, the most recent figure standing at $180.0 million for Q1 2026.
- Quarterly Operating Expenses rose 179.25% year-over-year to $180.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $60.4 million (down 90.74% YoY) and the FY2025 annual result came in at $258.4 million, down 60.36% from the prior year.
- Operating Expenses was $180.0 million for Q1 2026 at Martin Midstream Partners, up from -$248.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $460.3 million in Q4 2024 and bottomed at -$248.8 million in Q4 2025.
- A 5-year average of $130.4 million and a median of $65.4 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses surged 615.19% — and 2025, when it slumped 154.06%.
- Martin Midstream Partners' Operating Expenses stood at $65.2 million in 2022, then slipped by 1.22% to $64.4 million in 2023, then jumped by 615.19% to $460.3 million in 2024, then slumped by 154.06% to -$248.8 million in 2025, then surged by 172.34% to $180.0 million in 2026.
- Business Quant data shows MMLP's Operating Expenses at $180.0 million in Q1 2026, -$248.8 million in Q4 2025, and $64.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Martin Midstream Partners | 95.04 Mn | 95.04 Mn | 98.18 Mn | 179.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 179.99 Mn |
| Dec 31, 2025 | -248.81 Mn |
| Sep 30, 2025 | 64.88 Mn |
| Jun 30, 2025 | 64.38 Mn |
| Mar 31, 2025 | 64.45 Mn |
| Dec 31, 2024 | 460.26 Mn |
| Sep 30, 2024 | 62.36 Mn |
| Jun 30, 2024 | 65.36 Mn |
| Mar 31, 2024 | 63.93 Mn |
| Dec 31, 2023 | 64.35 Mn |
| Sep 30, 2023 | 162.80 Mn |
| Jun 30, 2023 | 178.98 Mn |
| Mar 31, 2023 | 226.64 Mn |
| Dec 31, 2022 | 65.15 Mn |
| Sep 30, 2022 | 242.34 Mn |
| Jun 30, 2022 | 245.75 Mn |
| Mar 31, 2022 | 253.77 Mn |
| Dec 31, 2021 | 682.77 Mn |
| Sep 30, 2021 | 50.10 Mn |
| Jun 30, 2021 | 176.75 Mn |