# MARTIN MIDSTREAM PARTNERS L.P. (MMLP) · Edgar & Edgarette company card

> Martin Midstream Partners L.P. (MMLP) grew revenue 1.2% in FY2025 to $716 million, operating margin 6.8% against a 1.4% median for petroleum bulk stations & terminals. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1176334 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/MMLP) · [JSON](https://www.pops4.com/boards/company/MMLP.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $716M |
| Revenue growth, 1 year | 1.2% |
| Revenue growth per year | -5.1% |
| Operating margin | 6.8% (prior year 8.1%) |
| Net margin | -2.1% |
| Operating cash flow | $46M |
| Capital spending | $32M |
| Free cash flow | $15M |
| Cash | $49,000 |
| Long-term debt | $428M |
| Total assets | $522M |
| Total equity | — |
| Equity ÷ assets | — |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $716.1M (FY2025), total debt $428.0M. Experience: revenue up 1.2% on the year, down 5.1% a year over 4 years; operating margin 6.8%, down from 8.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $532.4M and $838.7M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $474.5M to $945.3M. A statistical range, not company guidance. Against peers (30 filers, $50M+ revenue, its industry group): operating margin 6.8% against a 1.4% median; growth 1.2% against 0.9%.

Range logged 2026-10-30, receipt 3e2d5066ba27d128, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 10-Q · filed 2026-10-26 · [filing](https://www.sec.gov/Archives/edgar/data/1176334/000117633426000035/0001176334-26-000035-index.htm)
- 8-K · filed 2026-10-21 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1176334/000117633426000033/0001176334-26-000033-index.htm)
- 10-Q · filed 2026-07-27 · [filing](https://www.sec.gov/Archives/edgar/data/1176334/000117633426000028/0001176334-26-000028-index.htm)
- 8-K · filed 2026-07-22 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1176334/000117633426000025/0001176334-26-000025-index.htm)
- 10-Q · filed 2026-04-27 · [filing](https://www.sec.gov/Archives/edgar/data/1176334/000117633426000022/0001176334-26-000022-index.htm)
- 8-K · filed 2026-04-22 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1176334/000117633426000019/0001176334-26-000019-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001176334.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1176334

## Cite

POPS4, Edgar & Edgarette: MARTIN MIDSTREAM PARTNERS L.P. (MMLP) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/MMLP. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.