Martin Midstream Partners (MMLP) Operating Margin (2010 - 2026)
Martin Midstream Partners' (MMLP) quarterly Operating Margin came in at 9.02% in Q2 2026, up 78.0% on a YoY basis from 5.07% in Q2 2025, and up 111.01% quarter-over-quarter from 4.27% in Q1 2026.
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Martin Midstream Partners (MMLP) Operating Margin (2010 - 2026) Analysis & Trends
Martin Midstream Partners (MMLP) has reported Operating Margin for 17 consecutive years, with 9.02% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 78.0% year-over-year to 9.02%; the trailing twelve-month figure through Jun 2026 stood at 6.3% (down 51.0% YoY), and the FY2025 full-year result was 6.83%, down 127.0% from the prior year.
- Operating Margin advanced to 9.02% in Q2 2026 per MMLP's latest filing, from 4.27% in the prior quarter.
- Across five years, Operating Margin topped out at 10.8% in Q2 2024 and bottomed at 5.34% in Q3 2022.
- Historically, Operating Margin has averaged 6.94% across 5 years, with a median of 7.76% in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 920 bps in 2022, then surged 1366 bps in 2023.
- Over 5 years, Operating Margin stood at 6.81% in 2022, then surged by 39 bps to 9.49% in 2023, then slumped by 58 bps to 3.98% in 2024, then soared by 83 bps to 7.3% in 2025, then increased by 23 bps to 9.02% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 9.02%, 4.27%, and 7.3% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 30.06% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 12.31% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 10.41% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 27.80% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 41.61% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 13.22% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 9.93% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 37.45% |
| 10 | Martin Midstream Partners | 93.51 Mn | 93.51 Mn | 106.01 Mn | 9.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.02% |
| 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 | 8.86% |
| 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% |