Company data sheet · Martin Midstream Partners
Martin Midstream Partners: seven lost years, and the economy wasn't the reason.
- Industry
- Petroleum Bulk Stations & Terminals
- Headquarters
- United States
- Ticker
- MMLP (Nasdaq)
- Sources
- SEC filings (2002–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to seven straight losses. Martin Midstream Partners earned $0.1 billion in 2016–2018. Then it lost money every year from 2019 to 2025: $0.2 billion in all.
- It wasn't the cycle. The losses began in 2019, a year the US economy grew 2.6%. When a company falls while its economy grows, look inside the company first.
- Left behind by its peers. From 2016 to 2025, its revenue shrank 13% in US dollars; the median among 53 large wholesalers grew 71%. It outgrew only 8% of them.
- Still smaller than it was. Revenue reached $0.7 billion in 2025, 30% below its 2018 peak of $1 billion.
- A steady bench. Martin Midstream Partners filed 8 leadership changes since 2016, fewer than 87% of large wholesalers (the median is 19). The day after each, its shares moved a median 0.1 points against its sector. The news was rarely news.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0.8 billion | $0 billion | |
| 2017 | $1 billion | $0 billion | |
| 2018 | $1 billion | $0.1 billion | |
| 2019 | $0.8 billion | −$0.2 billion | |
| 2020 | $0.7 billion | −$0 billion | |
| 2021 | $0.9 billion | −$0 billion | |
| 2022 | $1 billion | −$0 billion | |
| 2023 | $0.8 billion | −$0 billion | |
| 2024 | $0.7 billion | −$0 billion | |
| 2025 | $0.7 billion | −$0 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 35 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (13 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 89 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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