Filing Flows › Martin Midstream Partners L.P. (MMLP) › Q2 2026
Martin Midstream Partners L.P. (MMLP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 27, 2026
Martin Midstream Partners L.P. (MMLP) reported revenue of $214M for the second quarter 2026 (Q2 2026), +18% from a year earlier and +14% from the quarter before. Operating margin was 9.0%, net earnings $2.6M (1.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $214M | +14% | +18% |
| Operating profit | $19.3M | +140% | +29% |
| Net earnings | $2.6M | — | — |
| Operating cash flow | $12.2M | — | -61% |
| Free cash flow | $2.7M | — | -89% |
What changed
Revenue was $213.6M in Q2 2026, up 18% year over year and up 14% from the previous quarter. Specialty products was the largest line at 39% of revenue. Specialty products added $22.8M year over year (up 38%), 69% of the total change.
Operating profit was $19.3M, a 9.0% margin (up 0.8 points year over year). Of the extra revenue versus Q2 2025, 13% reached operating profit, above the 8% margin then. Total costs grew 17% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+37%). Net earnings were $2.6M. The effective tax rate was 41.5%.
Operating cash flow was $12.2M (down 61% year over year), 461% of net earnings. Non-cash charges added back $13.1M of depreciation and amortization and $49K of share-based compensation. Working capital and other items used $3.5M. Capital expenditures of $9.5M left free cash flow of $2.7M.
Questions
What was Martin Midstream Partners L.P.'s revenue in the second quarter 2026?
Martin Midstream Partners L.P.
Was Martin Midstream Partners L.P. profitable in the second quarter 2026?
Operating profit was $19.3M (9.0% of revenue) and net earnings $2.6M.