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Martin Midstream Partners L.P. cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$15.7M in Q3 2026 · −$18.7M over twelve months

Operating cash flow−$4.9M
Capital spending−$10.8M
Free cash flow−$15.7M

Analysis

In Q3 2026, Martin Midstream Partners L.P. generated −$4.9M of operating cash flow and spent $10.8M on capital projects, leaving free cash flow of −$15.7M. That is $7.8M less than in Q3 2025 (−$7.9M).

Over the twelve months to Sep 30, 2026, operating cash flow was $16.0M; the largest uses were capital spending ($34.6M), other investing ($16.4M), other financing ($1.1M); besides operations, cash came from net borrowing (+) / repaid (−) ($30.0M), asset & business sales ($6.1M); the cash balance fell by $1K.

Operating cash flow was −$4.9M against net income of −$4.1M. The largest differences: prepaid and other assets −$14.6M, depreciation & amortization +$13.1M, accrued liabilities −$11.7M.

Free cash flow

Martin Midstream Partners L.P.: free cash flow by quarterMartin Midstream Partners L.P.: free cash flow by quarter$32.7MQ4 2024−$11.9MQ1 2025$24.9MQ2 2025−$7.9MQ3 2025$15.6MQ4 2025−$27.8MQ1 2026$2.7MQ2 2026−$15.7MQ3 2026
Operating cash flow less capital spending.
Martin Midstream Partners L.P.: operating cash flow against capital spendingMartin Midstream Partners L.P.: operating cash flow against capital spendingOperating cash flowCapital spending$42.2M$9.5MQ4 2024−$6.0M$5.9MQ1 2025$30.9M$6.0MQ2 2025−$1.2M$6.7MQ3 2025$22.4M$6.9MQ4 2025−$13.8M$14.0MQ1 2026$12.2M$9.5MQ2 2026−$4.9M$10.8MQ3 2026
Latest (Q3 2026): Operating cash flow −$4.9M, Capital spending $10.8M.

Capital allocation, year by year

Martin Midstream Partners L.P.: where the cash came from (up) and went (down), by fiscal yearMartin Midstream Partners L.P.: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingBuybacksFY2021: Operating cash flow $35.7MFY2021: Net borrowing −$20.0MFY2021: Asset sales $643KFY2021: Capital spending −$22.9MFY2021: Buybacks −$17K$36.4MFY2021FY2022: Operating cash flow $16.1MFY2022: Net borrowing $10.6MFY2022: Asset sales $7.8MFY2022: Capital spending −$31.1M$34.5MFY2022FY2023: Operating cash flow $137MFY2023: Net borrowing −$88.7MFY2023: Asset sales $5.5MFY2023: Capital spending −$40.1M$143MFY2023FY2024: Operating cash flow $48.4MFY2024: Net borrowing $11.1MFY2024: Asset sales $1.2MFY2024: Capital spending −$52.6M$60.7MFY2024FY2025: Operating cash flow $46.1MFY2025: Net borrowing −$14.5MFY2025: Asset sales $2.1MFY2025: Capital spending −$31.6M$48.2MFY2025
Over these 5 years operating cash flow totalled $284M; the largest uses were capital spending ($178M) and net borrowing ($123M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$48K
Debt$477M
Net debt$477M
Cash runway0 months

Martin Midstream Partners L.P. is burning cash: its operations consume cash, a free cash flow of −$62.6M a year at the current rate against $48K of cash and investments: a runway of about 0 months before any new financing.

Where the cash came from and went

Martin Midstream Partners L.P.: sources (+) and uses (−) of cash, Q3 2026Martin Midstream Partners L.P.: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$21.5MCapital spending−$10.8MOther investing−$5.7MOperating cash flow−$4.9MOther financing−$201KAsset & business sales$9KCash drawn (+) / kept (−)$2K
Martin Midstream Partners L.P.: sources (+) and uses (−) of cash, TTM to Q3 2026Martin Midstream Partners L.P.: sources (+) and uses (−) of cash, TTM to Q3 2026Capital spending−$34.6MNet borrowing (+) / repaid (−)$30.0MOther investing−$16.4MOperating cash flow$16.0MAsset & business sales$6.1MOther financing−$1.1MCash drawn (+) / kept (−)$1K

From profit to cash

Martin Midstream Partners L.P.: net income to operating cash flow, Q3 2026Martin Midstream Partners L.P.: net income to operating cash flow, Q3 2026Net income−$4.1MDepreciation & amortization$13.1MStock-based pay$49KDeferred taxes−$281KGains on disposals$39KReceivables−$4.2MInventory−$4.9MPayables$5.0MAccrued liabilities−$11.7MPrepaid and other assets−$14.6MIncome taxes payable−$384KOperating cash flow−$4.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$4.9M−$10.8M$21.5M$2K−$15.7M
Q2 2026$12.2M−$9.5M−$6.0M−$1K$2.7M
Q1 2026−$13.8M−$14.0M$29.0M—−$27.8M
Q4 2025$22.4M−$6.9M−$14.5M—$15.6M
Q3 2025−$1.2M−$6.7M$12.5M−$2K−$7.9M
Q2 2025$30.9M−$6.0M−$25.0M$5K$24.9M
Q1 2025−$6.0M−$5.9M$12.5M$3K−$11.9M
Q4 2024$42.2M−$9.5M−$33.0M$1K$32.7M

Martin Midstream Partners L.P.: income statement and cash flow

Martin Midstream Partners L.P., Q3 2026: revenue $232M (+37% year over year), operating margin 4.4%. The chart follows the revenue to costs, profit and cash.

Martin Midstream Partners L.P.: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.