Operating Segments was Martin Midstream Partners’s largest segment in fiscal 2025, bringing in $969.19M of $945.01M (103%).
| Segment | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Segments | $540.64M | $346.86M | $996.02M | $969.19M | |||||||||
| Operating Revenues | — | — | — | — | |||||||||
| Elimination Of Intersegment Revenues | -$123.00K | -$86.00K | -$23.46M | -$24.17M | |||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||
| Total | $540.51M | $346.78M | $972.57M | $945.01M |
Martin Midstream Partners brought in $945.01M from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 2.8% from $972.57M in fiscal 2024. Operating Segments was the largest at $969.19M (102.6%).
From fiscal 2022 to 2025, combined revenue from these segments grew from $540.51M to $945.01M, a compound annual growth rate of 20.5%. Operating Segments' share of the total rose from 100.0% to 102.6%.
The total is net of Elimination Of Intersegment Revenues, which took $24.17M off revenue in fiscal 2025.
Cardinal & West Texas Pipeline Limited Partnership was Martin Midstream Partners’s largest revenue line in fiscal 2014, bringing in $1.64B of $1.67B (99%).
| Business Acquisition | FY 2014 |
|---|---|
| Cardinal & West Texas Pipeline Limited Partnership | $1.64B |
| Cardinal Gas Storage Partners Llc | $22.99M |
| Total | $1.67B |
Martin Midstream Partners brought in $1.67B from its two revenue lines in fiscal 2014, the year ended December 31, 2014. Cardinal & West Texas Pipeline Limited Partnership was the largest at $1.64B (98.6%), ahead of Cardinal Gas Storage Partners Llc at $22.99M (1.4%).
Terminalling & Storage was Martin Midstream Partners’s largest segment in fiscal 2021, bringing in $468.47M of $882.51M (53%).
| Statement Business Segments | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2017 | FY 2021 |
|---|---|---|---|---|---|---|---|---|
| Natural Gas Services | — | |||||||
| Terminalling & Storage | $468.47M | |||||||
| Natural Gas Liquids | $414.04M | |||||||
| Sulfur Services | — | |||||||
| Marine Transportation | — | |||||||
| Total | $882.51M |
Martin Midstream Partners brought in $882.51M from its two segments in fiscal 2021, the year ended December 31, 2021. Terminalling & Storage was the largest at $468.47M (53.1%), ahead of Natural Gas Liquids at $414.04M (46.9%).
Martin Midstream Partners (MMLP) reports its revenue by segment, by business acquisition and by statement business segments. In fiscal 2025, Operating Segments was its largest segment, bringing in $969.19M (102.6% of the total).
Operating Segments was Martin Midstream Partners' largest segment in fiscal 2025, bringing in $969.19M, or 102.6% of the $945.01M total across its two segments.
Cardinal & West Texas Pipeline Limited Partnership was Martin Midstream Partners' largest revenue line in fiscal 2014, bringing in $1.64B, or 98.6% of the $1.67B total across its two revenue lines.
Every figure comes from Martin Midstream Partners' annual financial filings, as reported. Each line keeps the name Martin Midstream Partners gives it, and years follow its fiscal calendar.
Martin Midstream Partners' revenue by segment goes back to fiscal 2013, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.