Martin Midstream Partners L.p. income statement
In fiscal 2025, Martin Midstream Partners L.p. reported revenue of $716m, up 1.2% on the year before, operating income of $48.9m (a 6.8% margin) and net income of −$14.7m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 662 | 889 | 1,254 | 1,498 | 1,622 | 1,653 | 1,037 | 827 | 973 | 1,020 | 847 | 672 | 882 | 1,019 | 798 | 708 | 716 | 807 |
| Cost of revenue | — | — | — | — | — | — | — | 478 | 595 | 659 | 493 | 357 | 533 | 623 | 390 | 297 | 319 | 399 |
| Gross profit | — | — | — | — | — | — | — | 349 | 379 | 361 | 354 | 315 | 349 | 396 | 408 | 411 | 397 | 408 |
| Selling, general and administrative | 20 | 17 | 21 | 25 | 29 | 36 | 37 | 34 | 39 | 39 | 41 | 41 | 41 | 42 | 41 | 49 | 42 | 40 |
| Operating income | 34 | 48 | 47 | 74 | 81 | 68 | 70 | 73 | 46 | 45 | 58 | 47 | 57 | 51 | 67 | 57 | 49 | 50 |
| Interest expense | 19 | 35 | 27 | 31 | 42 | 42 | — | — | — | — | — | — | — | 54 | 60 | 58 | 58 | 58 |
| Net interest income | — | — | — | — | −42 | −42 | −43 | −46 | −48 | −52 | −52 | −46 | −54 | −54 | −60 | — | — | — |
| Income before tax | 23 | 22 | 16 | 41 | −14 | −5 | 38 | 28 | −1 | −7 | 6 | −5 | 3 | −2 | 1 | −1 | −10 | −8 |
| Income tax | 1 | 3 | 3 | 4 | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 2 | 3 | 8 | 6 | 4 | 5 | 3 |
| Net income | 22 | 28 | 23 | 102 | −13 | −12 | 38 | 32 | 20 | 56 | −175 | −7 | −0 | −10 | −5 | −5 | −15 | −11 |
| EBITDA | 74 | 85 | 88 | 116 | 132 | 137 | 162 | 165 | 111 | 107 | 118 | 108 | 114 | 108 | 117 | 108 | 99 | 102 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 171 | 193 | 181 | 169 | 174 | 188 | 214 | 232 |
| Cost of revenue | 72 | 90 | 79 | 76 | 75 | 89 | 108 | 127 |
| Gross profit | 100 | 103 | 102 | 93 | 99 | 98 | 106 | 105 |
| Selling, general and administrative | 16 | 12 | 11 | 9 | 10 | 11 | 9 | 10 |
| Operating income | 7 | 14 | 15 | 7 | 13 | 8 | 19 | 10 |
| Interest expense | 15 | 14 | 15 | 15 | 14 | 14 | 14 | 15 |
| Income before tax | −8 | 0 | −0 | −8 | −2 | −6 | 5 | −5 |
| Income tax | 1 | 1 | 2 | 1 | 1 | 1 | 2 | −1 |
| Net income | −9 | −1 | −2 | −8 | −3 | −7 | 3 | −4 |
| EBITDA | 20 | 27 | 28 | 19 | 25 | 21 | 32 | 23 |
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