Martin Midstream Partners LP (Martin Midstream Partners LP) Operating Income : $67.1 Mil (TTM As of Mar. 2024)

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What is Martin Midstream Partners LP Operating Income?

Martin Midstream Partners LP's Operating Income for the three months ended in Mar. 2024 was $17.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $67.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Martin Midstream Partners LP's Operating Income for the three months ended in Mar. 2024 was $17.9 Mil. Martin Midstream Partners LP's Revenue for the three months ended in Mar. 2024 was $180.8 Mil. Therefore, Martin Midstream Partners LP's Operating Margin % for the quarter that ended in Mar. 2024 was 9.90%.

Good Sign:

Martin Midstream Partners LP operating margin is expanding. Margin expansion is usually a good sign.

Martin Midstream Partners LP's 5-Year average Growth Rate for Operating Margin % was 6.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Martin Midstream Partners LP's annualized ROC % for the quarter that ended in Mar. 2024 was 13.43%. Martin Midstream Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 17.51%.

Martin Midstream Partners LP Operating Income Historical Data

The historical data trend for Martin Midstream Partners LP's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Martin Midstream Partners LP Operating Income Chart

Martin Midstream Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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58.10

41.60

57.08

51.26

66.72

Martin Midstream Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															17.51	17.33	14.70	17.19	17.90

Martin Midstream Partners LP Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $67.1 Mil.

Martin Midstream Partners LP (NAS:MMLP) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Martin Midstream Partners LP's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	71.58 * ( 1 - 19.56% )	/	( (423.683	+	433.85)	/ 2 )
=	57.578952	/	428.7665
=	13.43 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	509.375	-	85.638	-	( 0.054	-	max(0, 100.564	-	114.313	+	0.054	))
=	423.683

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	512.077	-	78.173	-	( 0.054	-	max(0, 93.022	-	115.984	+	0.054	))
=	433.85

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Martin Midstream Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	68.58	/	( ( (366.152 + max(20.672, 0))	+	(364.809 + max(31.697, 0)) )	/	2 )
=	68.58	/	( ( 386.824	+	396.506 )	/	2 )
=	68.58	/	391.665
=	17.51 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(53.293	+	43.822	+	9.22)	-	(85.638	+	0	+	0.024999999999991)
=	20.672

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.019	+	41.41	+	10.466)	-	(78.173	+	0	+	0.025000000000006)
=	31.697

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Martin Midstream Partners LP's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	17.895	/	180.83
	=	9.90 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Martin Midstream Partners LP Operating Income Related Terms

Thank you for viewing the detailed overview of Martin Midstream Partners LP's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Martin Midstream Partners LP (Martin Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Martin Midstream Partners LP (NAS:MMLP) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 Stone Road, Kilgore, TX, USA, 75662

Website

https://www.mmlp.com

Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. It generates maximum revenue from the Natural gas liquids segment.

Executives

Sharon L Taylor	officer: Chief Financial Officer	4200 B STONE RD, KILGORE TX 75662
Ruben S Martin	director, 10 percent owner, officer: President and CEO	4200 STONE RD, KILGORE TX 75662
Robert D Bondurant	officer: Executive VP and CFO	4200 STONE ROAD, KILGORE TX 75662
Scot A Shoup	officer: Senior VP Operations	2029 S. CHILTON AVE., TYLER TX 75701
Chris H Booth	officer: VP/General Counsel/Secretary	4200 STONE ROAD, KILGORE TX 75662
Randall Tauscher	officer: Executive Vice President	KANZA OFFICE PARK, 550 NORTH 159TH ST. EAST, WICHITA KS 67230
Christopher Michael Reid	director	100 W PUTNAM AVENUE, GREENWICH CT 06830
C Scott Massey	director	4200 STONE RD, KILGORE TX 75662
Martin Product Sales Llc	10 percent owner	4200 STONE ROAD, KILGORE TX 75662
James M Collingsworth	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Stephen W Martin	officer: VP Corporate Development	4200 STONE ROAD, KILGORE TX 75662
Zachary Stanton	director	12 ROTON AVE, ROTON AVE, NORWALK CT 06853
Charles H Still	director	FULBRIGHT & JAWORSKI LLP, 1301 MCKINNEY, SUITE 5100, HOUSTON TX 77010-3095
Wesley M Skelton	officer: Executive VP, CA0 & Controller	4200 STONE ROAD, KILGORE TX 75662
Sean P. Dolan	director	4200 B STONE ROAD, KILGORE TX 75662