Martin Midstream Partners L.P. (MMLP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4200 STONE ROAD KILGORE, TX 75662 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5171 - Petroleum Bulk stations and Terminals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 54 | 45 | 52 | 4,958 | 2,856 | 237 | |||
| Cash and cash equivalent | 54 | 45 | 52 | 4,958 | 2,856 | 237 | |||
| Receivables | 7,394 | 7,514 | 14,098 | 14,546 | 17,297 | 18,318 | |||
| Inventory, net of allowances, customer advances and progress billings | 43,822 | 109,798 | 62,120 | 54,122 | 62,540 | 85,068 | |||
| Inventory | 43,822 | 109,798 | 62,120 | 54,122 | 62,540 | 85,068 | |||
| Derivative instruments and hedges, assets | 4 | ||||||||
| Disposal group, including discontinued operation | 5,652 | ||||||||
| Asset, held-for-sale, not part of disposal group | 5,052 | ||||||||
| Other current assets | 9,220 | 13,633 | 12,908 | 8,991 | 5,833 | 5,275 | |||
| Other undisclosed current assets | 53,823 | 80,137 | 84,510 | 53,009 | 87,786 | 79,488 | |||
| Total current assets: | 114,313 | 211,127 | 173,688 | 135,626 | 181,364 | 194,042 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 39 | 707 | 6,649 | ✕ | |||||
| Operating lease, right-of-use asset | 60,359 | 34,963 | 21,861 | 22,260 | 23,901 | ✕ | |||
| Property, plant and equipment | 417,197 | 798,349 | |||||||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Intangible assets, net (including goodwill) | 16,726 | 16,825 | 16,823 | 16,823 | 17,705 | 17,296 | |||
| Goodwill | 16,671 | 16,671 | 16,823 | 16,823 | 17,705 | 17,296 | |||
| Intangible assets, net (excluding goodwill) | 55 | 154 | |||||||
| Deferred income tax assets | 10,200 | 14,386 | 19,821 | 22,253 | 23,422 | ✕ | |||
| Other noncurrent assets | 2,198 | 2,805 | 23,711 | ||||||
| Other undisclosed noncurrent assets | 307,777 | 321,511 | 344,763 | 373,222 | 3,567 | ||||
| Total noncurrent assets: | 395,062 | 387,724 | 406,173 | 444,012 | 485,792 | 839,356 | |||
| TOTAL ASSETS: | 509,375 | 598,851 | 579,861 | 579,638 | 667,156 | 1,033,398 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 93,152 | 101,272 | 100,192 | 86,307 | 93,591 | 85,372 | |||
| Accounts payable | 51,653 | 68,198 | 70,342 | 51,900 | 64,802 | 63,157 | |||
| Accrued liabilities | 41,499 | 33,074 | 29,850 | 34,407 | 28,789 | 22,215 | |||
| Debt | 9 | 280 | 31,497 | 6,758 | |||||
| Derivative instruments and hedges, liabilities | 207 | 667 | |||||||
| Other liabilities | 6,334 | ||||||||
| Due to related parties | ✕ | ✕ | 8,947 | 1,824 | 435 | 1,470 | 2,459 | ||
| Other undisclosed current liabilities | 1,078 | 697 | 1,791 | 929 | 4,794 | 13,682 | |||
| Total current liabilities: | 100,564 | 110,925 | 104,087 | 119,375 | 107,280 | 101,513 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 421,173 | 512,871 | 514,584 | 500,067 | 587,161 | 656,459 | |||
| Long-term debt, excluding current maturities | 421,173 | 512,871 | 498,871 | 484,597 | 569,788 | 656,459 | |||
| Finance lease, liability | 9 | 289 | 717 | ✕ | |||||
| Liabilities, other than long-term debt | 52,262 | 34,500 | 9,227 | 7,067 | 8,911 | 10,714 | |||
| Other liabilities | 6,578 | 8,232 | 9,227 | 7,067 | 8,911 | 10,714 | |||
| Operating lease, liability | 45,684 | 26,268 | 15,704 | 15,181 | 16,656 | ✕ | |||
| Total noncurrent liabilities: | 473,435 | 547,371 | 523,811 | 507,134 | 596,072 | 667,173 | |||
| Total liabilities: | 573,999 | 658,296 | 627,898 | 626,509 | 703,352 | 768,686 | |||
| Equity | |||||||||
| Equity, attributable to parent | 816 | ||||||||
| Accumulated other comprehensive income | 816 | ||||||||
| Other undisclosed equity | (64,624) | (59,445) | (48,853) | (46,871) | (36,196) | 264,712 | |||
| Total equity: | (64,624) | (59,445) | (48,037) | (46,871) | (36,196) | 264,712 | |||
| TOTAL LIABILITIES AND EQUITY: | 509,375 | 598,851 | 579,861 | 579,638 | 667,156 | 1,033,398 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 797,963 | 1,018,878 | 882,431 | 672,142 | 847,118 | 972,655 | ||
| Cost of revenue | (440,948) | (685,255) | (589,849) | (418,388) | (566,187) | (799,153) | ||
| Cost of product and service sold | (389,680) | (623,306) | (533,098) | (356,926) | (492,795) | (684,610) | ||
| Gross profit: | 357,015 | 333,623 | 292,582 | 253,754 | 280,931 | 173,502 | ||
| Operating expenses | (291,664) | (288,029) | (234,964) | (224,647) | (237,414) | (128,337) | ||
| Other operating income (expense), net | 1,373 | 5,669 | (534) | 12,488 | 14,587 | (379) | ||
| Other undisclosed operating income | 196 | 4,907 | ||||||
| Operating income: | 66,724 | 51,263 | 57,280 | 46,502 | 58,104 | 44,786 | ||
| Nonoperating expense | (65,355) | (53,670) | (54,111) | (51,537) | (51,684) | (52,012) | ||
| Interest and debt expense | (5,121) | (9) | (26) | (3,422) | (4,041) | (3,445) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (3,752) | (2,416) | 3,143 | (8,457) | 2,379 | (10,671) | ||
| Other undisclosed income from continuing operations before income taxes | 5,121 | 9 | 26 | 3,422 | 4,041 | 3,445 | ||
| Income (loss) from continuing operations before income taxes: | 1,369 | (2,407) | 3,169 | (5,035) | 6,420 | (7,226) | ||
| Income tax expense | (5,918) | (7,927) | (3,380) | (1,736) | (1,900) | (369) | ||
| Income (loss) from continuing operations: | (4,549) | (10,334) | (211) | (6,771) | 4,520 | (7,595) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (211) | (6,771) | 4,520 | (7,595) | |
| Net income (loss): | (4,549) | (10,334) | (211) | (6,771) | 4,520 | (7,595) | ||
| Other undisclosed net income (loss) attributable to parent | (179,466) | 51,700 | ||||||
| Net income (loss) available to common stockholders, diluted: | (4,549) | (10,334) | (211) | (6,771) | (174,946) | 44,105 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (4,549) | (10,334) | (211) | (6,771) | 4,520 | (7,595) | ||
| Comprehensive income (loss): | (4,549) | (10,334) | (211) | (6,771) | 4,520 | (7,595) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (816) | 816 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (4,549) | (11,150) | 605 | (6,771) | 4,520 | (7,595) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.