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Martin Midstream Partners MMLP Transportation 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 transportation segment — pass-through expenses?
Martin Midstream Partners (MMLP) reported transportation segment — pass-through expenses of $6.14M in Q1 2026.
How has Martin Midstream Partners's transportation segment — pass-through expenses changed year-over-year?
Martin Midstream Partners's transportation segment — pass-through expenses increased by 0.7% year-over-year, from $6.1M to $6.14M.
What is the long-term trend for Martin Midstream Partners's transportation segment — pass-through expenses?
Over 3 years (2022 to 2025), Martin Midstream Partners's transportation segment — pass-through expenses has grown at a -11.4% compound annual growth rate (CAGR), from $34M to $23.68M.
What does transportation segment — pass-through expenses mean?
These are costs incurred by the company on behalf of customers that are subsequently billed back to the client. Tracking these helps distinguish between true operational costs and reimbursable expenditures.