Martin Midstream Partners L.P. (MMLP) Cash Flow: Operating & Free Cash Flow

Martin Midstream Partners L.P. Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Martin Midstream Partners L.P. (MMLP) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-14.75	-5.08	-4.44	-10.33	-0.21	-6.77	4.52	-7.60	17.14
Depreciation & Amortization	50.20	50.79	49.90	56.28	56.75	61.46	60.06	76.87	85.20
Deferred Income Tax	0.92	0.25	4.19	5.74	2.43	1.17	1.36	-10.39	-1.31
Stock Based Compensation	0.19	0.19	0.16	0.16	0.38	1.42	1.42	1.22	0.65
Change in Working Capital	4.81	-2.20	77.85	-32.37	-27.94	23.66	9.61	13.54	-37.02
Change in Accounts Receivable	-4.80	-6.05	26.43	4.58	-31.45	30.74	0.06	28.44	-26.74
Change in Inventory	1.46	-8.08	65.98	-47.68	-8.33	5.26	21.49	11.84	-14.66
Change in Accounts Payable	-3.90	9.82	-17.54	-0.89	14.33	-7.32	-0.90	-27.48	20.04
Change in Other Working Capital	10.09	5.49	2.98	13.42	-2.49	-5.03	-11.05	0.73	-15.66
Other Operating Activities	5.68	5.49	9.82	2.57	4.31	-16.16	-1.16	17.09	2.86
Net Cash from Operating Activities	46.13	48.35	137.47	16.15	35.73	64.79	75.82	90.73	67.51
Investing Activities
Capital Expenditures	-24.77	-42.01	-34.32	-27.24	-16.06	-28.62	-30.62	-37.09	-39.75
Acquisitions	0.00	-6.94	0.00	7.77	0.93	32.70	-23.72	11.48	-19.92
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.39
Other Investing Activities	-7.37	-9.66	0.66	-5.18	-4.11	-1.48	229.17	184.74	21.79
Net Cash from Investing Activities	-30.01	-58.60	-33.66	-24.64	-19.24	2.60	174.83	147.65	-37.88
Financing Activities
Debt Repayment	-235.51	-244.51	-88.72	-394.02	-20.00	-56.18	-91.51	-160.20	1.78
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	-0.29	-0.12	0.00
Common Stock Repurchased	0.00	0.00	0.00	0.00	-0.02	-0.01	-0.39	-0.27	0.00
Dividends Paid	-0.80	-0.80	-0.79	-0.79	-0.79	-5.32	-49.09	-76.87	-76.94
Other Financing Activities	-0.82	-0.02	-14.29	-1.37	-0.59	-3.78	-106.80	-14.98	46.65
Net Cash from Financing Activities	-16.12	10.25	-103.80	8.49	-21.39	-65.29	-248.09	-252.44	-29.62
Summary
Net Change in Cash	-0.01	0.00	0.01	-0.01	-4.91	2.10	2.56	0.21	0.01
Cash at Beginning of Period	0.06	0.05	0.05	0.05	4.96	2.86	0.30	0.03	0.02
Cash at End of Period	0.05	0.06	0.05	0.05	0.05	4.96	2.86	0.24	0.03
Free Cash Flow	21.36	6.34	103.15	-11.09	19.67	36.16	45.19	53.64	27.76
Supplemental Disclosures
Interest Paid	52.31	53.45	51.61	50.52	51.71	-	-	-	-
Income Taxes Paid	-	3.36	1.40	2.25	1.23	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Martin Midstream Partners L.P. Cash Flow

What is Martin Midstream Partners L.P.'s free cash flow?

Martin Midstream Partners L.P. generated free cash flow of $21.36M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $46.13M minus $24.77M of capital expenditures. That was up 236.7% from $6.34M a year earlier. Free cash flow equaled 3.0% of revenue.

How much does Martin Midstream Partners L.P. spend on capital expenditures?

Martin Midstream Partners L.P. spent $24.77M on capital expenditures in fiscal 2025, compared with $42.01M a year earlier. That equals 53.7% of operating cash flow.

Does Martin Midstream Partners L.P. pay dividends or buy back shares?

Yes. In fiscal 2025 Martin Midstream Partners L.P. returned $797.00K in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition