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% on a YoY basis from $166.4 million in Q2 2025, and up 10.56% quarter-over-quarter from $180.0 million in Q1 2026.
Analysis
Martin Midstream Partners (MMLP) Operating Expenses (2010 - 2026) Analysis & Trends
Martin Midstream Partners (MMLP) has reported Operating Expenses for 17 consecutive years, with $199.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 19.58% year-over-year to $199.0 million; the trailing twelve-month figure through Jun 2026 stood at $703.2 million (up 5.23% YoY), and the FY2025 full-year result was $669.3 million, up 2.66% from the prior year.
- Operating Expenses climbed to $199.0 million in Q2 2026 per MMLP's latest filing, from $180.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $253.8 million in Q1 2022 and bottomed at $158.4 million in Q3 2024.
- Historically, Operating Expenses has averaged $189.2 million across 5 years, with a median of $172.5 million in 2025.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 39.04% in 2022, then slumped 32.82% in 2023.
- Over 5 years, Operating Expenses stood at $231.4 million in 2022, then decreased by 29.05% to $164.2 million in 2023, then grew by 0.35% to $164.8 million in 2024, then dropped by 1.67% to $162.0 million in 2025, then advanced by 22.83% to $199.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $199.0 million, $180.0 million, and $162.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 354.10 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 19.09 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 132.00 Mn |
| 10 | Martin Midstream Partners | 93.51 Mn | 93.51 Mn | 106.01 Mn | 199.00 Mn |
Historic Data
Download Data
Historic 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 |