Filing Flows › Martin Midstream Partners L.P. (MMLP) › Q2 2026 › vs Q1 2026
Martin Midstream Partners L.P. (MMLP) Q2 2026 vs Q1 2026 (quarter over quarter)
Martin Midstream Partners L.P.'s revenue rose $25.9M (+14%) from $188M in Q1 2026 to $214M in Q2 2026. The biggest changes: Product Sales +$20.9M (+19%); Transportation +$3.8M (+7%); Terminalling and storage +$1.3M (+6%). Operating margin 9.0% against 4.3% (+4.7 pts).
Martin Midstream Partners L.P., Q2 2026: revenue $214M (+18% year over year), operating margin 9.0%, net earnings $2.6M, operating cash flow $12.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 9.0% | 4.3% | +4.7 pts |
| Net margin | 1.2% | -3.6% | +4.8 pts |
| Free cash flow margin | 1.3% | -14.8% | +16.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Specialty products | $83.1M | $61.6M | $21.5M | +35% |
| Sulfur services | $45.8M | $46.5M | −$633K | -1% |
| Product Sales | $129M | $108M | $20.9M | +19% |
| Transportation | $56.6M | $52.8M | $3.8M | +7% |
| Terminalling and storage | $23.7M | $22.4M | $1.3M | +6% |
| Sulfur services | $4.3M | $4.4M | −$121K | -3% |
| Revenue | $214M | $188M | $25.9M | +14% |
| Operating profit | $19.3M | $8.0M | $11.2M | +140% |
| Costs & expenses | $194M | $180M | $14.7M | +8% |
| Pre-tax earnings | $4.5M | −$6.2M | $10.8M | — |
| Other expense, net | $14.7M | $14.3M | $475K | +3% |
| Cost of revenue | $108M | $89.5M | $18.1M | +20% |
| SG&A | $9.4M | $10.8M | −$1.4M | -13% |
| Other operating costs | $77.3M | $79.3M | −$2.0M | -3% |
| Net earnings | $2.6M | −$6.8M | $9.4M | — |
| Income tax | $1.9M | $518K | $1.4M | +262% |
| Operating cash sources | $15.7M | $6.2M | $9.6M | +156% |
| Depreciation & amortization | $13.1M | $12.9M | $181K | +1% |
| Share-based compensation | $49K | $45K | $4K | +9% |
| Working capital & other | $3.5M | $19.9M | −$16.4M | -82% |
| Operating cash flow | $12.2M | −$13.8M | $26.0M | — |
| Free cash flow (OCF − capex) | $2.7M | −$27.8M | $30.4M | — |
| Capital expenditures | $9.5M | $14.0M | −$4.5M | -32% |
Questions
How much did Martin Midstream Partners L.P.'s revenue grow quarter over quarter in Q2 2026?
Martin Midstream Partners L.P.'s revenue rose $25.9M (+14%) from $188M in Q1 2026 to $214M in Q2 2026.
What drove Martin Midstream Partners L.P.'s revenue change in Q2 2026?
Product Sales +$20.9M (+19%); Transportation +$3.8M (+7%); Terminalling and storage +$1.3M (+6%).