MARTIN MIDSTREAM PARTNERS L.P.
MMLP · Wholesale-Petroleum Bulk Stations & Terminals · 39.1M shares · EDGAR filings ↗
Net buyback after stock comp: -$146K (gross $17K, SBC $163K)
Reference price $2.59 · est. market cap ~$102M — last insider purchase, 2025-12-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D54Diversified Gulf Coast midstream MLP with decent operating margins but a net loss, heavy leverage and a distribution cut to a token level.
Strengths
- Solid gross (55.5%, 65th pct) and operating (6.8%, 64th pct) margins with positive FCF of $21.4M
- Vertically integrated, fee-based terminalling/transportation/sulfur/NGL operations with long-standing customers
Risks
- Net loss (net margin -2.1%, ROA -2.8%) and weak quick ratio (0.64) under a heavy interest burden
- Distribution slashed to $0.02/year (a distress signal) amid significant related-party control by Martin Resource Management
Notable findings
- Net lossNet loss (net margin -2.1%)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
55.5%
Operating margin
6.8%
Net margin
-2.1%
Return on assets
-2.8%
Revenue growth (QoQ)
7.7%
Current ratio
1.0×
Free cash flow
$21M
EBITDA
$99M
Stock comp / revenue
0.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-02-17 | COLLINGSWORTH JAMES M | Grant | 23K | $2.80 |
| 2026-02-17 | MASSEY C SCOTT | Grant | 23K | $2.80 |
| 2026-02-17 | KELLEY BYRON R | Grant | 23K | $2.80 |
| 2025-12-12 | Martin Product Sales LLC | Buy | 7.0K | $2.59 |
| 2025-12-11 | Martin Product Sales LLC | Buy | 5.6K | $2.55 |
| 2025-12-08 | Martin Product Sales LLC | Buy | 12K | $2.59 |
| 2025-12-04 | Martin Product Sales LLC | Buy | 2.2K | $2.60 |
| 2025-12-01 | Martin Product Sales LLC | Buy | 2.2K | $2.59 |
| 2025-11-25 | Martin Product Sales LLC | Buy | 15K | $2.59 |
| 2025-11-17 | Martin Product Sales LLC | Buy | 1.9K | $2.60 |
| 2025-11-10 | Martin Product Sales LLC | Buy | 12K | $2.58 |
| 2025-11-07 | Martin Product Sales LLC | Buy | 12K | $2.59 |
| 2025-11-06 | Martin Product Sales LLC | Buy | 3.6K | $2.59 |
| 2025-10-21 | Martin Product Sales LLC | Buy | 12K | $2.57 |
| 2025-10-20 | Martin Product Sales LLC | Buy | 20K | $2.55 |
| 2025-10-17 | Martin Product Sales LLC | Buy | 106K | $2.65 |
| 2025-08-07 | Martin Product Sales LLC | Buy | 1.5K | $3.04 |
| 2025-08-04 | Martin Product Sales LLC | Buy | 7.1K | $2.95 |
| 2025-06-11 | Martin Product Sales LLC | Buy | 61K | $3.12 |
| 2025-06-10 | Martin Product Sales LLC | Buy | 606K | $3.05 |
| 2025-06-05 | Martin Product Sales LLC | Buy | 4.6K | $3.00 |
| 2025-06-03 | Martin Product Sales LLC | Buy | 301K | $3.00 |
| 2025-05-29 | Martin Product Sales LLC | Buy | 2.2K | $3.00 |
| 2025-05-23 | Martin Product Sales LLC | Buy | 4.6K | $2.99 |
| 2025-05-21 | Martin Product Sales LLC | Buy | 3.6K | $2.97 |
| 2025-05-20 | Martin Product Sales LLC | Buy | 25K | $3.00 |
| 2025-05-19 | Martin Product Sales LLC | Buy | 14K | $3.00 |
| 2025-05-19 | TAUSCHER RANDALL | Buy | 23 | $3.02 |
| 2025-05-16 | Martin Product Sales LLC | Buy | 6.9K | $3.00 |
| 2025-05-15 | Martin Product Sales LLC | Buy | 7.9K | $3.00 |
| 2025-05-14 | Martin Product Sales LLC | Buy | 16K | $3.00 |
| 2025-05-13 | Martin Product Sales LLC | Buy | 8.7K | $3.00 |
| 2025-05-07 | Martin Product Sales LLC | Buy | 3.4K | $2.97 |
| 2025-05-06 | Martin Product Sales LLC | Buy | 8.8K | $2.98 |
| 2025-05-05 | Martin Product Sales LLC | Buy | 14K | $2.99 |
| 2025-05-02 | Martin Product Sales LLC | Buy | 4.0K | $2.85 |
| 2025-05-01 | Martin Product Sales LLC | Buy | 6.7K | $2.85 |
| 2025-04-30 | Martin Product Sales LLC | Buy | 16K | $2.81 |
| 2025-04-29 | Martin Product Sales LLC | Buy | 79K | $2.83 |
| 2025-04-25 | Martin Product Sales LLC | Buy | 65K | $2.98 |
| 2025-04-24 | Martin Product Sales LLC | Buy | 7.4K | $2.78 |
| 2025-04-22 | Martin Product Sales LLC | Buy | 7.8K | $2.66 |
| 2025-04-21 | Martin Product Sales LLC | Buy | 8.7K | $2.64 |
| 2025-03-14 | Martin Product Sales LLC | Buy | 7.9K | $3.62 |
| 2025-03-11 | Martin Product Sales LLC | Buy | 12K | $3.63 |
| 2025-03-10 | Martin Product Sales LLC | Buy | 24K | $3.60 |
| 2025-03-07 | Martin Product Sales LLC | Buy | 7.6K | $3.63 |
| 2025-03-06 | Martin Product Sales LLC | Buy | 15K | $3.64 |
| 2025-03-05 | Martin Product Sales LLC | Buy | 15K | $3.62 |
| 2025-03-04 | Martin Product Sales LLC | Buy | 5.8K | $3.65 |
| 2025-02-28 | Martin Product Sales LLC | Buy | 6.0K | $3.65 |
| 2025-02-27 | Martin Product Sales LLC | Buy | 29K | $3.69 |
| 2025-02-26 | Martin Product Sales LLC | Buy | 7.3K | $3.64 |
| 2025-02-25 | Martin Product Sales LLC | Buy | 22K | $3.62 |
| 2025-02-24 | Martin Product Sales LLC | Buy | 10K | $3.58 |
| 2025-02-21 | Martin Product Sales LLC | Buy | 22K | $3.58 |
| 2025-02-20 | Martin Product Sales LLC | Buy | 3.4K | $3.60 |
| 2025-02-19 | Martin Product Sales LLC | Buy | 12K | $3.58 |
| 2025-02-18 | Shoup Scot A | Buy | 39 | $3.53 |
| 2025-02-18 | BOOTH CHRIS H | Buy | 0 | $3.53 |
| 2025-02-18 | TAUSCHER RANDALL | Buy | 19 | $3.53 |
| 2025-02-18 | Martin Product Sales LLC | Buy | 58K | $3.51 |
| 2025-02-18 | Taylor Sharon L | Buy | 21 | $3.53 |
| 2025-02-18 | BONDURANT ROBERT D | Buy | 114 | $3.53 |
| 2025-02-18 | MARTIN RUBEN S | Buy | 22 | $3.53 |
| 2025-02-11 | KELLEY BYRON R | Grant | 18K | $3.62 |
| 2025-02-11 | MASSEY C SCOTT | Grant | 18K | $3.62 |
| 2025-02-11 | COLLINGSWORTH JAMES M | Grant | 18K | $3.62 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- Martin Resource Management Corporation
Suppliers (1)
- Martin Resource Management Corporation
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-22 | ResultsExhibits | filing ↗ |
| 2026-04-06 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-18 | ResultsExhibits | filing ↗ |
| 2025-10-15 | ResultsExhibits | filing ↗ |
| 2025-09-24 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-07-16 | ResultsExhibits | filing ↗ |
| 2025-04-16 | ResultsExhibits | filing ↗ |
| 2025-02-18 | Material agreementDebt obligationExec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-04-27 | 2026-03-31 | 0001176334-26-000022 ↗ |
| 8-K | 2026-04-22 | 2026-04-22 | 0001176334-26-000019 ↗ |
| 8-K | 2026-04-06 | 2026-03-31 | 0001176334-26-000016 ↗ |
| 10-K | 2026-02-23 | 2025-12-31 | 0001176334-26-000012 ↗ |
| 8-K | 2026-02-18 | 2026-02-18 | 0001176334-26-000006 ↗ |
| 10-Q | 2025-10-20 | 2025-09-30 | 0001176334-25-000127 ↗ |
| 8-K | 2025-10-15 | 2025-10-15 | 0001176334-25-000124 ↗ |
| 8-K | 2025-09-24 | 2025-09-24 | 0001176334-25-000121 ↗ |
| 10-Q | 2025-07-21 | 2025-06-30 | 0001176334-25-000113 ↗ |
| 8-K | 2025-07-16 | 2025-07-16 | 0001176334-25-000110 ↗ |
| 10-Q | 2025-04-21 | 2025-03-31 | 0001176334-25-000059 ↗ |
| 8-K | 2025-04-16 | 2025-04-16 | 0001176334-25-000057 ↗ |