Master limited partnership

Martin Midstream Partners L.P. (MMLP)

Martin Midstream Partners L.P. trades as MMLP on NASDAQ. This page collects what it has actually paid — every recorded payment, the calendar-year totals, the forward and trailing 12-month yields side by side against the last price, and the dates already declared.

$2.25 $-0.08 (-3.43%)
52-week range $1.89 – $3.47
Master limited partnership NASDAQEnergyOil & Gas Midstream

Price as of Aug 25, 2026 (10 hours ago) · supplied by fmp. Quotes may be delayed. Verify with your broker before acting on anything here.

Forward yield 0.89% Last regular payment annualised, divided by the last price. An estimate of the next twelve months — not money that has been paid.
Trailing 12-month yield 0.89% Cash actually paid per share over the last 365 days ($0.0200) divided by the last price. Backward-looking, and not comparable with a bond's yield to maturity or an index yield.
Forward annual payment $0.0200 Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid.
Pays Quarterly Cadence of the regular payment, accepted only after three consecutive payments were reported at the same frequency.
Next ex-date First day the shares trade without the next payment attached.
Next pay date When the declared payment reaches holders.
Growth streak 0 yr No current run of increases: the most recent complete calendar year did not pay more than the year before it. Our stored payment history for this security begins in 2003.
Years paying 23 Complete calendar years with a payment in our stored history, which begins in 2003. The issuer may have paid for longer than we hold.
Payout ratio Not meaningful for this structure — GAAP earnings do not describe what it pays out.
Income score 32 0-100 research screen, not a recommendation.

The two yields above are different measurements and are not interchangeable. The forward yield annualises the last regular payment; the trailing 12-month yield counts the cash actually paid over the last 365 days. Neither is an interest rate, a bond's yield to maturity or an index effective yield, and none of those may be compared with these as like for like. See how we compute these numbers.

Our stored payment history for MMLP begins in 2003. There is no current run of increases to report: either the most recent complete calendar year did not pay more than the year before it, or there is no earlier complete year in our history to compare it with.

A yield is just a payment divided by a price, so it moves every day even when the payment does not. The forward number is an estimate of the next twelve months; the trailing number is what was actually paid over the last twelve. Ex-date is the cut-off: own the shares before it and the next payment is yours, buy on or after it and the seller keeps it.

What MMLP is

How MLPs work →

Martin Midstream Partners L.P., established in 2002 and headquartered in Kilgore, Texas, is a diversified energy logistics company operating primarily along the U.S. Gulf Coast. Through its subsidiaries, the company specializes in the handling, processing, storage, and transport of petroleum products, by-products, and various chemicals. Its Terminalling and Storage division oversees 15 marine-based and 13 specialized terminal facilities. These sites provide essential services such as storage, refining, blending, packaging, and general handling for petroleum producers and suppliers. Additionally, this segment offers land leasing to oil and gas firms and manages the storage and transfer of lubricants and fuels. The Transportation segment maintains an extensive fleet for moving a range of materials, including petroleum, petrochemicals, and chemicals. This fleet comprises 570 tank trucks, 1,200 trailers, 29 inland marine tank barges, 14 inland push boats, and a single articulated offshore tug and barge unit. Martin Midstream's Sulfur Services segment processes molten sulfur, transforming it into prilled or pelletized forms crucial for fertilizer production and various industrial chemical applications. Finally, the Natural Gas Liquids segment focuses on the storage, distribution, and transport of NGLs. It delivers NGLs wholesale to refineries, industrial consumers, and propane retailers, supported by an impressive 2.1 million barrels of underground NGL storage capacity. Martin Midstream GP LLC serves as the general partner for the company.

Company description supplied by the issuer and relayed by our market-data provider, not written by Income Investing. See data sources.

MMLP is a master limited partnership. You hold units, not shares, and you are a limited partner rather than a shareholder. The partnership pays no entity-level tax; it passes income and deductions through to unitholders, who receive a Schedule K-1 each year instead of a 1099.

A large part of a typical MLP distribution is treated as return of capital that lowers your cost basis and is recaptured when you sell. K-1s arrive late, can require state filings, and units held inside a retirement account can generate unrelated business taxable income. Read how MLPs work.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

Payment history

Each row is one payment as recorded by our data provider, newest first. The final column compares it with the nearest payment about a year earlier.

The table lists the 24 most recent recorded distributions for MMLP, newest first, with ex-dates running from Nov 05, 2020 to Aug 07, 2026. The latest is $0.0050 per share in USD, ex-date Aug 07, 2026, pay date Aug 14, 2026. Measured against the nearest payment about a year earlier, 0 are higher, 3 lower and 21 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

How to read this table: one row is one payment, newest at the top, and the amount is what a single share received on that one date. It is not an annual figure — the yearly ones are in the tiles above and in the totals further down. A row marked Special is a one-off the issuer chose to make rather than part of the regular schedule, which is why it is left out of the year-on-year comparison and out of those yearly totals. Whether the amount repeats for several rows or moves every time is a fact about the structure rather than a sign of health: a company usually resets its dividend once a year, while a fund's distribution can change with every payment.

Recorded payments for MMLP. Amounts are per share as declared, in USD.
Ex-dateOwn it before this day and this payment is yours. Pay date Amount per shareWhat one share received on that date, before tax. Cadence tagged by provider Type vs. a year earlier
Aug 07, 2026 Aug 14, 2026 $0.0050 Quarterly Regular 0.00%
May 08, 2026 May 15, 2026 $0.0050 Quarterly Regular 0.00%
Feb 06, 2026 Feb 13, 2026 $0.0050 Quarterly Regular 0.00%
Nov 07, 2025 Nov 14, 2025 $0.0050 Quarterly Regular 0.00%
Aug 07, 2025 Aug 14, 2025 $0.0050 Quarterly Regular 0.00%
May 08, 2025 May 15, 2025 $0.0050 Quarterly Regular 0.00%
Feb 07, 2025 Feb 14, 2025 $0.0050 Quarterly Regular 0.00%
Nov 07, 2024 Nov 14, 2024 $0.0050 Quarterly Regular 0.00%
Aug 07, 2024 Aug 14, 2024 $0.0050 Quarterly Regular 0.00%
May 07, 2024 May 15, 2024 $0.0050 Quarterly Regular 0.00%
Feb 06, 2024 Feb 14, 2024 $0.0050 Quarterly Regular 0.00%
Nov 06, 2023 Nov 14, 2023 $0.0050 Quarterly Regular 0.00%
Aug 04, 2023 Aug 14, 2023 $0.0050 Quarterly Regular 0.00%
May 05, 2023 May 15, 2023 $0.0050 Quarterly Regular 0.00%
Feb 06, 2023 Feb 14, 2023 $0.0050 Quarterly Regular 0.00%
Nov 04, 2022 Nov 14, 2022 $0.0050 Quarterly Regular 0.00%
Aug 04, 2022 Aug 12, 2022 $0.0050 Quarterly Regular 0.00%
May 05, 2022 May 13, 2022 $0.0050 Quarterly Regular 0.00%
Feb 04, 2022 Feb 14, 2022 $0.0050 Quarterly Regular 0.00%
Nov 04, 2021 Nov 12, 2021 $0.0050 Quarterly Regular 0.00%
Aug 05, 2021 Aug 13, 2021 $0.0050 Quarterly Regular 0.00%
May 06, 2021 May 14, 2021 $0.0050 Quarterly Regular -92.00%
Feb 04, 2021 Feb 12, 2021 $0.0050 Quarterly Regular -92.00%
Nov 05, 2020 Nov 13, 2020 $0.0050 Quarterly Regular -98.00%

The cadence column is the tag our provider attached to that individual payment (fmp), not the security's established schedule. The two can disagree, which is why the cadence shown in the tiles above is only accepted after three consecutive payments were tagged the same way.

A blank comparison means there was no comparable payment within sixty days of the same point a year earlier — a new payer, a changed cadence, or a gap in the record. Special and one-off payments are labelled and are excluded from the comparison.

Distributions by calendar year

Calendar-year totals, bucketed by ex-dividend date: every regular distribution whose ex-dividend date fell in that year, for the last ten complete years on record. These are amounts actually paid, never a forward estimate, and they are not the issuer's own annual distribution figure.

The chart covers 10 complete calendar years for MMLP, 2016 to 2025, per share, in USD. Each bar totals the regular distributions with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own distribution year. Our stored payment history for MMLP begins in 2003. The total went from $2.94 in 2016 to $0.0200 in 2025 — 99% lower. Within that span 0 years were higher than the year before and 5 lower. The three most recent years shown are 2023 $0.0200, 2024 $0.0200 and 2025 $0.0200. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. Every year shown holds the 4 distributions a quarterly cadence implies, so no year on this chart is short or long because a payment shifted across a year end.

Each bar, and each row underneath it, is one calendar year of regular payments added together for a single share. Read left to right and you are reading whether the payment has grown, held or been cut — a record of what was paid, never a forecast of what will be. One thing to watch for: a year here is decided by the date the payment went ex, so when that date slips across a year end one year holds an extra payment and its neighbour is one short while the payment itself never moved. Any year where that has happened is drawn as a dashed bar and marked with an asterisk, and it is the usual reason these totals differ from the annual figure the issuer itself publishes.

2016: $2.9375 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.94 2016 2017: $2.0000 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.00 2017 2018: $2.0000 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.00 2018 2019: $1.2500 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.25 2019 2020: $0.1350 per share from 4 payments, matching the 4 a year the recorded cadence implies. 0.14 2020 2021: $0.0200 per share from 4 payments, matching the 4 a year the recorded cadence implies. 0.02 2021 2022: $0.0200 per share from 4 payments, matching the 4 a year the recorded cadence implies. 0.02 2022 2023: $0.0200 per share from 4 payments, matching the 4 a year the recorded cadence implies. 0.02 2023 2024: $0.0200 per share from 4 payments, matching the 4 a year the recorded cadence implies. 0.02 2024 2025: $0.0200 per share from 4 payments, matching the 4 a year the recorded cadence implies. 0.02 2025
Bar height is the total per share of the regular distributions whose ex-dividend date fell in that calendar year, in USD. The year is assigned by ex-dividend date, not by the issuer's own distribution year and not by the date the cash arrived. These are a trailing record — never the forward estimate shown in the tiles above.
Complete calendar years only, bucketed by ex-dividend date — the current year is still in progress and is left out.
Year Paid per share that yearEvery regular payment dated in that year, added up, for one share. Payments in the yearA count that differs from the usual one means a payment moved across a year end. Change on the year before
2016 $2.94 4 -9.62%
2017 $2.00 4 -31.91%
2018 $2.00 4 0.00%
2019 $1.25 4 -37.50%
2020 $0.14 4 -89.20%
2021 $0.02 4 -85.19%
2022 $0.02 4 0.00%
2023 $0.02 4 0.00%
2024 $0.02 4 0.00%
2025 $0.02 4 0.00%
What can go wrong
MLP distributions are partnership cash flow, not dividends. Most of the payment is typically treated as return of capital that lowers your cost basis and is recaptured as income when you sell, holders receive a Schedule K-1 instead of a 1099, state filings can be required where the partnership operates, and units held in a retirement account can generate unrelated business taxable income. Distribution coverage depends on commodity volumes, contract terms and the partnership's own access to capital.

Similar securities

The eight closest master limited partnership entries by trailing 12-month yield, in the same sector. A research screen, not a recommendation.

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These are not the best-paying securities of this kind, and no ranking is meant by the order. They are the ones whose trailing 12-month yield sits nearest to this one, in the same structure and usually the same sector, so that this security can be seen in company rather than on its own. Every figure here is backward-looking cash that has already been paid. A row that sits well away from the rest is a question to take to that security's own page, not an answer.

Ticker Name Price Trailing 12m yieldCash paid out over the last year, over today's price. Paid over 12 months Pays
AM Antero Midstream Corporation $21.91 4.11% $0.90 Quarterly
GEL Genesis Energy, L.P. $16.10 4.50% $0.72 Quarterly
CQP Cheniere Energy Partners, L.P. $67.95 4.81% $3.27 Quarterly
SUN Sunoco LP $74.60 5.15% $3.84 Quarterly
EPD Enterprise Products Partners L.P. $38.27 5.76% $2.21 Quarterly
GLP Global Partners LP $49.74 6.15% $3.06 Quarterly
ET Energy Transfer LP $21.02 6.40% $1.34 Quarterly
PAA Plains All American Pipeline, L.P. $24.70 6.61% $1.63 Quarterly

Every row in this table is on the same basis — cash actually paid per share over the last 365 days, divided by that security's last price — so the column can be read down. Forward estimates are deliberately not used here, because they exist for some securities and not others and a mixed column would invite a comparison that does not hold. A dash means no payment was recorded in the last 365 days, or no price is on file. Open a security to see both of its yields.

Questions about MMLP

Does MMLP pay a distribution, and how often?
Yes. The regular payment cadence recorded for MMLP is quarterly. The annual figure works out at $0.0200 per share. Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid. The last ex-date in our history is Aug 07, 2026.
What is the yield on MMLP, and is it forward or trailing?
There are two, and they measure different things. The forward yield is 0.89%: the last regular payment annualised to $0.0200 a year and divided by the last price of $2.25. That is an estimate of the next twelve months. The trailing 12-month yield is 0.89%: the $0.0200 per share actually paid over the last 365 days, divided by the same price. Neither number is a bond's yield to maturity, an index effective yield or an interest rate, and none of those should be compared with these as like for like. Yield also moves inversely with price, so it rises when the market marks the security down — a high number is a question, not an answer.
When is the next MMLP ex-dividend date?
No future ex-date has been declared or collected for MMLP yet. The last one on record was Aug 07, 2026.
Why is there no meaningful payout ratio for MMLP?
A payout ratio compares a dividend to accounting earnings. For a master limited partnership the payment is not funded out of GAAP net income — REITs and BDCs pay out of taxable income under distribution rules, funds pass through whatever the portfolio produced, and partnerships distribute cash flow. Analysts use structure-specific measures instead, such as funds from operations for REITs or net investment income for BDCs.
Is the MMLP distribution the same as interest?
No. A distribution is whatever the vehicle chooses or is required to pass through in that period. It can contain dividends, interest, realised gains, option premium and return of capital, and only the year-end tax form shows the split. Return of capital is your own money coming back: it is not taxed on receipt, but it lowers your cost basis and therefore raises the gain you are taxed on later.
Has the MMLP payment grown?
Over the complete calendar years in our history, the total went from $2.94 in 2016 to $0.0200 in 2025. The chart on this page shows every year in between, including any cuts. Those totals bucket each payment by its ex-dividend date, so a year can hold more or fewer payments than the cadence implies when a payment shifts across a year end. Past payment history describes what happened, not what will happen.
How to read this page
Nothing on this page is investment advice or a recommendation to buy, hold or sell MMLP. Figures are drawn from third-party market data and our own calculations, may be delayed or wrong, and can change without notice. Confirm every number with the issuer and with your own broker, tax adviser and financial adviser before acting.

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