Filing Flows › Martin Midstream Partners L.P. (MMLP) › Q1 2026
Martin Midstream Partners L.P. (MMLP) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 27, 2026
Martin Midstream Partners L.P. (MMLP) reported revenue of $188M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +8% from the quarter before. Operating margin was 4.3%, net loss $6.8M (3.6% of revenue).
Martin Midstream Partners L.P., Q1 2026: revenue $188M (-2% year over year), operating margin 4.3%, net loss $6.8M, operating cash flow −$13.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $188M | +8% | -3% |
| Operating profit | $8.0M | -37% | -44% |
| Net earnings | −$6.8M | — | — |
| Operating cash flow | −$13.8M | -161% | — |
What changed
Revenue was $187.7M in Q1 2026, down 3% year over year and up 8% from the previous quarter. Specialty products was the largest line at 33% of revenue. Specialty products lost $7.7M year over year (down 11%), 158% of the total change.
Operating profit was $8.0M, a 4.3% margin (down 3.2 points year over year). Total costs grew 1% against a revenue fall of 3%. The quarter ended with a net loss of $6.8M, wider than the previous quarter's $2.9M loss. Net interest and other expense of $14.3M was the main reason.
Operating cash flow was −$13.8M. Non-cash charges added back $12.9M of depreciation and amortization and $45K of share-based compensation. Working capital and other items used $19.9M. Capital expenditures of $14.0M exceeded it, leaving free cash flow of −$27.8M.
Questions
What was Martin Midstream Partners L.P.'s revenue in the first quarter 2026?
Martin Midstream Partners L.P.
Was Martin Midstream Partners L.P. profitable in the first quarter 2026?
Operating profit was $8.0M (4.3% of revenue) and net loss $6.8M.