Martin Midstream Partners (MMLP) Operating Margin (2010 - 2026)
Martin Midstream Partners (MMLP) reported Operating Margin of 4.27% for Q1 2026, down 321.0% on a YoY basis from 1.93% in Q1 2025, and down 41.48% quarter-over-quarter from 7.3% in Q4 2025.
Martin Midstream Partners (MMLP) Operating Margin (2010 - 2026) Analysis & Trends
Martin Midstream Partners has reported Operating Margin for 17 years, with the latest figure at 4.27% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 321.0% year-over-year to 4.27%; the trailing twelve-month figure through Mar 2026 stood at 5.98% (down 150.0% YoY), and the FY2025 full-year result was 6.83%, down 127.0% from the prior year.
- Operating Margin for Q1 2026 stood at 4.27%, down from 7.3% in the prior quarter.
- The five-year high for Operating Margin was 24.57% in Q2 2023, with the low at 5.34% in Q3 2022.
- Historically, Operating Margin has averaged 7.74% across 5 years, with a median of 7.48% in 2025.
- Annual changes were most pronounced in 2023 — Operating Margin surged 1652 bps — and 2024, when it slumped 1377 bps.
- Martin Midstream Partners' Operating Margin stood at 6.81% in 2022, then soared by 39 bps to 9.49% in 2023, then plunged by 58 bps to 3.98% in 2024, then jumped by 83 bps to 7.3% in 2025, then plunged by 41 bps to 4.27% in 2026.
- The last three Operating Margin figures came in at 4.27% (Q1 2026), 7.3% (Q4 2025), and 4.09% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 13.17% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 29.91% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 10.74% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 39.96% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 20.68% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 14.85% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 68.07% |
| 10 | Martin Midstream Partners | 102.44 Mn | 102.44 Mn | 98.18 Mn | 4.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |