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% YoY from 5.07% in Q2 2025, and up 111.01% on a QoQ basis from 4.27% in Q1 2026.
Martin Midstream Partners (MMLP) Operating Margin (2010 - 2026) Analysis & Trends
Martin Midstream Partners (MMLP) has 17 years of Operating Margin data on file, last reported at 9.02% in Q2 2026.
- Quarterly Operating Margin rose 78.0% year-over-year to 9.02% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 6.3% (down 51.0% YoY) and the FY2025 annual result came in at 6.83%, down 127.0% from the prior year.
- Operating Margin improved to 9.02% in Q2 2026, from 4.27% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 24.57% in Q2 2023 to a low of 5.34% in Q3 2022.
- A 5-year average of 7.81% and a median of 7.76% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin surged 1652 bps — and 2024, when it slumped 1377 bps.
- Tracing MMLP's Operating Margin over 5 years: 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 climbed by 23 bps to 9.02% in 2026.
- The last three Operating Margin figures came in at 9.02% (Q2 2026), 4.27% (Q1 2026), and 7.3% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 29.84% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 41.61% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 13.22% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 74.84% |
| 10 | Martin Midstream Partners | 92.34 Mn | 92.34 Mn | 106.01 Mn | 9.02% |
Historic Data
Download 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 | 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% |