Martin Midstream Partners (MMLP) Operating Margin (2010 - 2026)

Martin Midstream Partners (MMLP) posted Operating Margin of 4.27% for Q1 2026, down 41.48% on a QoQ basis from 7.3% in Q4 2025, and down 321.0% year-over-year from 1.93% in Q1 2025.

Martin Midstream Partners (MMLP) Operating Margin (2010 - 2026) Analysis & Trends

Martin Midstream Partners (MMLP) has reported Operating Margin for 17 consecutive years, with 4.27% the latest figure, recorded in Q1 2026.

  • Operating Margin for Q1 2026 came in at 4.27%, down 321.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.98% (down 150.0% YoY), and the FY2025 annual result was 6.83%, down 127.0% from the prior year.
  • Operating Margin was 4.27% for Q1 2026 at Martin Midstream Partners, down from 7.3% in the prior quarter.
  • Over five years, Operating Margin peaked at 24.57% in Q2 2023 and troughed at 5.34% in Q3 2022.
  • A 5-year average of 7.74% and a median of 7.48% in 2025 frame the typical range for Operating Margin.
  • Annual changes were most pronounced in 2023 — Operating Margin soared 1652 bps — and 2024, when it sank 1377 bps.
  • Year by year, Operating Margin stood at 6.81% in 2022, then surged by 39 bps to 9.49% in 2023, then plunged by 58 bps to 3.98% in 2024, then soared by 83 bps to 7.3% in 2025, then plunged by 41 bps to 4.27% in 2026.
  • Per Business Quant, the three latest MMLP Operating Margin figures stand at 4.27% (Q1 2026), 7.3% (Q4 2025), and 4.09% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 14.43%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 29.91%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 13.17%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 10.74%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 20.68%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 39.96%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 14.85%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 10.03%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 25.03%
10 Martin Midstream Partners 89.98 Mn 89.98 Mn 98.18 Mn 4.27%

Historic Data

Download Data
DateValue
Mar 31, 2026 4.27%
Dec 31, 2025 7.30%
Sep 30, 2025 4.09%
Jun 30, 2025 8.24%
Mar 31, 2025 7.48%
Dec 31, 2024 3.98%
Sep 30, 2024 7.40%
Jun 30, 2024 10.80%
Mar 31, 2024 9.90%
Dec 31, 2023 9.49%
Sep 30, 2023 8.32%
Jun 30, 2023 24.57%
Mar 31, 2023 7.16%
Dec 31, 2022 6.81%
Sep 30, 2022 -5.34%
Jun 30, 2022 8.05%
Mar 31, 2022 9.11%
Dec 31, 2021 9.03%
Sep 30, 2021 3.86%
Jun 30, 2021 4.14%