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Martin Midstream Partners MMLP Sulfur services segment — Pass-through expenses

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Other financials

Income statement

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Revenue$187.7M-2.5%
Gross profit$98.2M-4.7%
Operating income$8.0M-44.3%
Net income-$6.8M-554%
EPS (diluted)-$0.17-467%

Balance sheet

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Cash & equivalents$49.0K-5.8%
Total debt$526.3M+1.1%
Total assets$537.1M+0.7%

Cash flow

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Operating cash flow-$13.8M-129%
CapEx$7.5M+27.5%
Free cash flow-$21.3M-78.8%

Valuation

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Market cap$90.38M-19.5%
Enterprise value$616.68M+1.7%
P/S0.1×0.0×

Profitability

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Gross margin55.2%-1.8pp
Operating margin6%-1.5pp
Net margin-2.9%-19.2pp
FCF margin3.1%+0.3pp

Returns & leverage

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Current ratio1.3×-0.1×

Where this comes from

Reported directly by Martin Midstream Partners in its filing.

Tagged under the XBRL concept mmlp:PassThroughExpenses.

The official record: Martin Midstream Partners’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Martin Midstream Partners's sulfur services segment — pass-through expenses?
Martin Midstream Partners (MMLP) reported sulfur services segment — pass-through expenses of $617K in Q1 2026.
How has Martin Midstream Partners's sulfur services segment — pass-through expenses changed year-over-year?
Martin Midstream Partners's sulfur services segment — pass-through expenses decreased by 28.6% year-over-year, from $864K to $617K.
What is the long-term trend for Martin Midstream Partners's sulfur services segment — pass-through expenses?
Over 3 years (2022 to 2025), Martin Midstream Partners's sulfur services segment — pass-through expenses has grown at a -9.6% compound annual growth rate (CAGR), from $4.33M to $3.2M.
What does sulfur services segment — pass-through expenses mean?
This metric identifies costs incurred by the segment that are contractually billed back to customers or third parties. These expenses generally do not impact the net profitability of the segment but are tracked to monitor gross revenue and cost flow-through.