See more : SICC Co., Ltd. (688234.SS) Income Statement Analysis – Financial Results
Complete financial analysis of Martin Midstream Partners L.P. (MMLP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Martin Midstream Partners L.P., a leading company in the Oil & Gas Midstream industry within the Energy sector.
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Martin Midstream Partners L.P. (MMLP)
About Martin Midstream Partners L.P.
Martin Midstream Partners L.P., together with its subsidiaries, engages in terminalling, processing, storage, and packaging of petroleum products and by-products primarily in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 15 marine shore-based terminal facilities and 13 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products. This segment also offers land rental services to oil and gas companies, as well as storage and handling services for lubricants and fuels. Its Transportation segment operates a fleet of 570 tank trucks and 1,200 trailers; and 29 inland marine tank barges, 14 inland push boats, and 1 articulated offshore tug and barge unit to transport petroleum products and by-products, petrochemicals, and chemicals. The company's Sulfur Services segment processes molten sulfur into prilled or pelletized sulfur, which is used in the production of fertilizers and industrial chemicals. Its Natural Gas Liquids segment stores, distributes, and transports natural gas liquids for wholesale deliveries to refineries, industrial NGL users, and propane retailers, as well as owns approximately 2.1 million barrels of underground storage capacity for NGLs. Martin Midstream GP LLC serves as a general partner of the company. Martin Midstream Partners L.P. was incorporated in 2002 and is based in Kilgore, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 797.96M | 1.02B | 882.43M | 672.14M | 847.12M | 972.66M | 946.12M | 827.39M | 1.04B | 1.64B | 1.63B | 1.49B | 1.24B | 912.12M | 662.39M | 1.21B | 765.82M | 576.38M | 438.44M | 294.14M | 192.73M | 149.91M | 163.12M | 199.81M | 172.90M |
| Cost of Revenue | 691.79M | 679.59M | 589.85M | 418.39M | 552.86M | 761.48M | 698.78M | 563.79M | 733.65M | 1.35B | 1.35B | 1.24B | 990.90M | 693.90M | 457.26M | 1.01B | 618.69M | 459.17M | 351.82M | 229.84M | 150.77M | 110.51M | 119.77M | 150.06M | 129.93M |
| Gross Profit | 106.18M | 339.29M | 292.58M | 253.75M | 294.26M | 211.18M | 247.34M | 263.61M | 303.20M | 292.70M | 282.95M | 250.77M | 246.17M | 218.22M | 205.13M | 200.43M | 147.13M | 117.21M | 86.62M | 64.30M | 41.96M | 39.40M | 43.35M | 49.75M | 42.96M |
| Gross Profit Ratio | 13.31% | 33.30% | 33.16% | 37.75% | 34.74% | 21.71% | 26.14% | 31.86% | 29.24% | 17.82% | 17.32% | 16.83% | 19.90% | 23.92% | 30.97% | 16.51% | 19.21% | 20.34% | 19.76% | 21.86% | 21.77% | 26.28% | 26.58% | 24.90% | 24.85% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 40.83M | 41.81M | 41.01M | 40.90M | 41.43M | 37.68M | 38.95M | 34.39M | 36.79M | 36.32M | 29.40M | 25.49M | 162.86M | 137.52M | 19.78M | 16.94M | 11.99M | 10.98M | 8.13M | 8.39M | 6.10M | 6.62M | 7.51M | 7.88M | 8.75M |
| Other Expenses | 0.00 | 246.22M | 194.49M | 171.26M | 194.73M | 25.00K | 1.10M | 1.11M | 1.12M | 1.51M | 542.00K | 1.09M | 206.49M | 178.04M | 170.71M | 151.05M | 118.96M | 92.80M | 67.66M | 49.57M | 31.47M | 30.82M | 32.11M | 40.29M | 168.15M |
| Operating Expenses | 40.83M | 288.03M | 235.50M | 212.16M | 236.16M | 166.39M | 185.30M | 159.85M | 222.42M | 221.38M | 200.27M | 176.93M | 206.49M | 178.04M | 170.71M | 151.05M | 118.96M | 92.80M | 67.66M | 49.57M | 31.47M | 30.82M | 32.11M | 40.29M | 168.15M |
| Cost & Expenses | 732.61M | 967.62M | 825.35M | 630.55M | 789.01M | 927.87M | 884.08M | 723.64M | 956.06M | 1.57B | 1.55B | 1.42B | 1.20B | 871.94M | 627.97M | 1.16B | 737.65M | 551.97M | 419.48M | 279.42M | 182.23M | 141.33M | 151.87M | 190.35M | 298.09M |
| Interest Income | 0.00 | 53.67M | 54.11M | 191.00K | 397.00K | 336.00K | 1.25M | 2.56M | 2.57M | 752.00K | 0.00 | 0.00 | -6.37M | 0.00 | 0.00 | 483.00K | 299.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 60.29M | 53.67M | 54.11M | 46.21M | 51.69M | 52.04M | 47.74M | 45.97M | 43.29M | 42.20M | 42.50M | 30.67M | 24.52M | 33.72M | 19.00M | 19.78M | 14.53M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 49.90M | 56.28M | 56.75M | 61.46M | 60.06M | 61.48M | 85.20M | 92.13M | 92.25M | 68.83M | 52.24M | 42.06M | 44.96M | 40.66M | 39.51M | 31.22M | 23.44M | 17.60M | 12.63M | 8.75M | 4.77M | 4.49M | 4.12M | 6.41M | 6.91M |
| EBITDA | 111.55M | 294.65M | 114.03M | 93.27M | 104.83M | 105.50M | 147.24M | 162.55M | 175.18M | 141.50M | 82.13M | 113.41M | 94.38M | 84.58M | 73.40M | 94.52M | 63.56M | 52.31M | 31.60M | 23.50M | 15.26M | 13.06M | 15.37M | 15.88M | -118.28M |
| EBITDA Ratio | 13.98% | 10.55% | 12.92% | 14.75% | 13.95% | 12.51% | 16.13% | 24.24% | 17.66% | 8.96% | 5.04% | 7.78% | 7.61% | 9.94% | 12.22% | 7.79% | 6.70% | 7.57% | 7.15% | 7.98% | 7.56% | 6.57% | 8.46% | 7.95% | -68.41% |
| Operating Income | 65.35M | 51.26M | 57.28M | 46.50M | 58.10M | 44.79M | 59.82M | 72.66M | 70.15M | 67.87M | 82.67M | 73.84M | 39.68M | 40.18M | 34.42M | 49.59M | 28.88M | 26.61M | 18.96M | 14.73M | 10.50M | 8.58M | 11.24M | 9.46M | 4.74M |
| Operating Income Ratio | 8.19% | 5.03% | 6.49% | 6.92% | 6.86% | 4.60% | 6.32% | 8.78% | 6.77% | 4.13% | 5.06% | 4.95% | 3.21% | 4.40% | 5.20% | 4.09% | 3.77% | 4.62% | 4.32% | 5.01% | 5.45% | 5.72% | 6.89% | 4.74% | 2.74% |
| Total Other Income/Expenses | -63.98M | -53.67M | -54.11M | -51.54M | -51.68M | -52.31M | -46.64M | -40.35M | -31.94M | -73.10M | -94.07M | -33.16M | -22.43M | -23.50M | -11.63M | -8.84M | -3.29M | -4.37M | -5.08M | -2.40M | 894.00K | -417.00K | -3.83M | -7.69M | -6.86M |
| Income Before Tax | 1.37M | -2.41M | 3.17M | -5.04M | 6.42M | -7.23M | 17.49M | 32.38M | 38.21M | -5.23M | -12.60M | 40.68M | 24.93M | 16.54M | 22.80M | 43.52M | 25.58M | 22.24M | 13.88M | 12.33M | 11.98M | 8.16M | 7.41M | 1.78M | -2.12M |
| Income Before Tax Ratio | 0.17% | -0.24% | 0.36% | -0.75% | 0.76% | -0.74% | 1.85% | 3.91% | 3.69% | -0.32% | -0.77% | 2.73% | 2.01% | 1.81% | 3.44% | 3.59% | 3.34% | 3.86% | 3.17% | 4.19% | 6.22% | 5.44% | 4.54% | 0.89% | -1.23% |
| Income Tax Expense | 5.92M | 7.93M | 3.38M | 1.74M | 1.90M | 369.00K | 352.00K | 726.00K | 1.05M | 1.14M | 753.00K | 3.56M | 585.00K | 517.00K | 592.00K | 711.00K | 644.00K | 10.72M | 6.69M | 3.33M | 1.32M | 1.96M | 2.74M | -847.00K | -501.00K |
| Net Income | -4.55M | -10.33M | -211.00K | -6.77M | 4.52M | 44.11M | 17.14M | 31.65M | 38.38M | -11.71M | -13.35M | 101.99M | 24.34M | 16.02M | 22.20M | 42.81M | 24.94M | 22.24M | 13.88M | 12.33M | 11.98M | 6.20M | 4.68M | 930.00K | -1.62M |
| Net Income Ratio | -0.57% | -1.01% | -0.02% | -1.01% | 0.53% | 4.53% | 1.81% | 3.83% | 3.70% | -0.71% | -0.82% | 6.84% | 1.97% | 1.76% | 3.35% | 3.53% | 3.26% | 3.86% | 3.17% | 4.19% | 6.22% | 4.14% | 2.87% | 0.47% | -0.94% |
| EPS | -0.11 | -0.27 | -0.01 | -0.18 | 0.12 | 1.13 | 0.44 | 0.65 | 0.62 | -0.38 | -0.51 | 3.96 | 0.92 | 0.63 | 1.17 | 2.72 | 1.67 | 1.69 | 1.58 | 1.45 | 1.64 | 0.40 | 1.61 | 0.32 | -0.56 |
| EPS Diluted | -0.11 | -0.27 | -0.01 | -0.18 | 0.12 | 1.13 | 0.44 | 0.65 | 0.62 | -0.38 | -0.50 | 3.96 | 0.92 | 0.63 | 1.17 | 2.72 | 1.67 | 1.69 | 1.58 | 1.45 | 1.64 | 0.40 | 1.61 | 0.32 | -0.56 |
| Weighted Avg Shares Out | 38.77M | 38.73M | 38.69M | 38.66M | 38.66M | 38.91M | 38.10M | 35.35M | 35.31M | 30.79M | 26.40M | 23.36M | 19.55M | 17.53M | 14.68M | 14.53M | 14.02M | 12.60M | 8.58M | 8.35M | 7.15M | 7.15M | 2.90M | 2.90M | 2.90M |
| Weighted Avg Shares Out (Dil) | 38.77M | 38.73M | 38.69M | 38.66M | 38.66M | 38.92M | 38.17M | 35.38M | 35.37M | 30.79M | 26.56M | 23.37M | 19.55M | 17.53M | 14.68M | 14.53M | 14.02M | 12.60M | 8.58M | 8.35M | 7.15M | 7.15M | 2.90M | 2.90M | 2.90M |
Martin Midstream Partners L.P. Sets Date for Release of Third Quarter 2024 Financial Results and Conference Call
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) will announce its financial results for the third quarter of 2024 on Wednesday, October 16, 2024, after the market closes. An investors' conference call to review third quarter results will be...
Midstream Energy - Relative Quality
Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of a quality matrix with factors including valuation, profitability, growth, leverage, yield, and...
Martin Midstream Partners L.P. to be Acquired by Martin Resource Management Corporation
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (“MMLP”) (Nasdaq: MMLP) today announced that it has entered into a definitive agreement and plan of merger (“Merger Agreement”) pursuant to which Martin Resource Management Corporation (“MRMC”) would acquire all of the outstanding common...
Total Midstream/MLPs Repurchases Top $1 Billion in 2Q24
Summary Five constituents in the broad Alerian Midstream Energy Index (AMNA) spent a combined $1.02 billion on equity repurchases in 2Q24. Over 85% of AMNA by weighting currently have a buyback authorization in place.
Nut Tree Capital Management and Caspian Capital Increase Offer to Purchase Martin Midstream Partners L.P. to $4.50 per Common Unit In Cash
Enhanced Offer Represents a 48% Premium to Martin Resource Management Corporation's Proposal, Which Significantly Undervalues MMLP and its Future Prospects Despite Repeated Requests and Superior Value Being Offered to MMLP Unitholders, Martin Midstream GP LLC's Conflicts Committee Refuses to Meet...
Nut Tree Capital Management and Caspian Capital Send Letter Highlighting Grossly Conflicted Conflicts Committee of the Martin Midstream GP LLC Board of Directors
Nut Tree and Caspian Reiterate $4.00 per Common Unit Offer Representing 31% Premium to Alternate Offer Made by Martin Resource Management Corporation Nut Tree and Caspian Call for Any Transaction with MRMC be Subject to Approval of Majority of Unaffiliated...
Martin Midstream (MMLP) Units Gain Amid Buyout Proposals
Martin Midstream (MMLP) is engaged in discussions with the Conflicts Committee regarding the buyout offer from MRMC, disregarding the superior offer made by Nut Tree and Caspian Capital.
Nut Tree Capital Management and Caspian Capital Propose to Acquire Martin Midstream Partners L.P. for $4.00 Per Common Unit in Cash
Nut Tree and Caspian Offer Represents a 31% Premium – and a Highly Compelling Alternative – to Martin Resource Management Corporation's Below Market and Conflict-Ridden Proposal Nut Tree and Caspian Are Making Offer Public After Conflicts Committee of the Board...
Martin Midstream Partners L.P. Sets Date for Release of Second Quarter 2024 Financial Results and Conference Call
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) will announce its financial results for the second quarter of 2024 on Wednesday, July 17, 2024, after the market closes. An investors' conference call to review second quarter results will be...
Martin Midstream Partners L.P. 2023 Schedule K-3 Forms Now Available
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP”) today announced that its 2023 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at https://www.taxpackagesupport.com/martinmidstream. A limited number of...
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