Martin Midstream Partners LPMMLP +5.05%53 Interest Coverage is 0.59 as of Mar. 2026, which is 44% below its 10-year median of 1.05. GuruFocus rates MMLP with a GF Score™ of 53/100 and a GF Value™ of $2.74 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 728 Oil & Gas companies, Martin Midstream Partners LP ranks worse than 93.27% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Martin Midstream Partners LP's
Operating Income
for the
three
months ended in Mar. 2026 was $7.7 Mil. Martin Midstream Partners LP's Interest Expense for the
three
months ended in Mar. 2026 was $-13.0 Mil.
Martin Midstream Partners LP's interest coverage for the quarter that ended in Mar. 2026 was 0.59.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Martin Midstream Partners LPs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
The historical rank and industry rank for Martin Midstream Partners LP's Interest Coverage or its related term are showing as below:
MMLP'
s Interest Coverage Range Over the Past 10 Years
Min: 0.77 Med: 1.05 Max: 2.26
Current: 0.77
MMLP's Interest Coverage is ranked worse than 93.27% of 728
companies
in the Oil & Gas industry
Industry Median: 5.885
vs MMLP: 0.77
Martin Midstream Partners LP (NAS:MMLP) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Martin Midstream Partners LP Interest Coverage Related Terms
Martin Midstream Partners LP Interest Coverage Historical Data
* 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Martin Midstream Partners LP Interest Coverage Chart
MMLP vs DLNG, TORO, PXS: Interest Coverage Comparison
For the Oil & Gas Midstream subindustry, Martin Midstream Partners LP's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Martin Midstream Partners LP Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Martin Midstream Partners LP's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Martin Midstream Partners LP's Interest Coverage falls into.
Martin Midstream Partners LP Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Martin Midstream Partners LP (MMLP) has a Interest Coverage of 0.59 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Martin Midstream Partners LP and its competitors. This is 44% below median its historical median of 1.05. Over the past decade, Martin Midstream Partners LP's Interest Coverage has ranged from 0.77 to 2.26. According to the industry distribution chart, Martin Midstream Partners LP ranks #679 out of 728 companies in the Oil & Gas industry, placing it in the top 93.3%.
Is Martin Midstream Partners LP's Interest Coverage too high?
Martin Midstream Partners LP's current Interest Coverage of 0.59 is 44% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 2.26. The Oil & Gas industry median Interest Coverage is 5.89. Martin Midstream Partners LP's value of 0.59 is 90% below this industry median. Based on the distribution chart, Martin Midstream Partners LP ranks #679 out of 728 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Martin Midstream Partners LP has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Martin Midstream Partners LP's Interest Coverage compare to DLNG and TORO?
According to the Oil & Gas industry distribution chart, Martin Midstream Partners LP ranks #679 out of 728 companies for Interest Coverage. This places Martin Midstream Partners LP in the lower half of its industry. The industry median Interest Coverage is 5.89. Martin Midstream Partners LP's value of 0.59 is 90% below this benchmark. Historically, Martin Midstream Partners LP's own Interest Coverage has ranged from 0.77 to 2.26 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 5.89, Martin Midstream Partners LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 728 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Martin Midstream Partners LP's current Interest Coverage of 0.59 is 90% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Martin Midstream Partners LP and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Martin Midstream Partners LP's current Interest Coverage is 0.59, which is 44% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Martin Midstream Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Martin Midstream Partners LP (MMLP) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.74, compared to a current price of $2.32 — trading 15.3% below its estimated fair value. The current Interest Coverage is 0.59, which is 44% below median its 10-year median of 1.05 and 90% below the Oil & Gas industry median of 5.89. Martin Midstream Partners LP's overall GF Score™ is 53/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Martin Midstream Partners LP (MMLP), the current Interest Coverage is 0.59 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Martin Midstream Partners LP (MMLP) Overvalued in 2026?
Based on GuruFocus' analysis, Martin Midstream Partners LP stock appears to be undervalued.
The current stock price of $2.32 is trading 15.3% below its estimated GF Value™ of $2.74.
GuruFocus considers Martin Midstream Partners LP to be Modestly Undervalued.
Key valuation signals for MMLP:
Interest Coverage: 0.59 (44% below median its 10-year median of 1.05)
GF Value™: $2.74 vs. price of $2.32 (15.3% below fair value)
Industry Position: 90% below the Oil & Gas median (#679 of 728)
No single metric tells the full story. See the MMLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Martin Midstream Partners LP has a diverse set of operations focused on 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. The company operates in four segment Terminalling and storage, Transportation, Sulfur service, and Specialty products segment. The majority of the revenue is derived from the Specialty products segment.
53GF Score
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