Martin Midstream Partners L.P. (MMLP) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, MMLP scores 37 out of 100, a letter grade of D-, with the verdict "Roarable Sell — Vulnerable Balance Sheet & Flow." The five pillars are: Fundamental Cash Engine at 14/20 (ROIC 9%; FCF yield 0%), Whale 13F Flow at 5/20 (institutional accumulation and options positioning), Insider Conviction at 7/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 5/20 (Beta 1.0; sector sensitivity), and Forensic Balance Sheet at 6/20 (Altman Z 1.77; Piotroski F 5/9; Debt/Equity 8.5). Taken together, the cash-generation pillar is the strongest of the five, while flow, insider, macro, and balance-sheet pillars all sit well below half of their maximum. For a prospective investor, the implication is that the stock's modest cash-engine score is undermined by a 0% FCF yield, a weak Altman Z reading, and a high Debt/Equity ratio, so upside would depend on operating improvement that the current pillar scores do not yet show. The low institutional and insider pillar scores mean the data offers little evidence of smart-money conviction to offset these weaknesses. Valuation looks inexpensive on EV/EBITDA of 7.2 with a price of 2.01, but the rating framework treats that cheapness as insufficient given the balance-sheet and flow weaknesses. This is an analytical reading of the scores, not personalized financial advice.

Martin Midstream Partners L.P. is a NASDAQ-listed issuer classified in the Energy sector, Oil Refining/Marketing industry, per the company profile. Per the SEC financials, the company reported FY 2025 revenue of $716.1M, indicating a material operating scale. The source data does not describe specific products, customers, or revenue mix, so the monetization model cannot be detailed beyond this classification. Market capitalization is listed at $78.6M.

Per the market data, gross margin is 55.5%, operating margin 6.8%, and net margin -2.1%, with ROIC at 9%. Per the Roarable RQD rating, the Altman Z-Score is 1.77 and the Piotroski F-Score is 5 out of 9, while Debt/Equity is 8.5. Net income was negative in each reported year, and FCF fell from $137.5M in FY 2023 to $21.4M in FY 2025. Cash balances are listed as N/A in every period, so liquidity posture cannot be assessed from the reported figures.

Per the recent news feed, the most recent items are catalyst-tagged reports (green light) covering the company's scheduled release of Third Quarter 2026 financial results and a report on price movement and short-term support and resistance levels. A market-wire item (yellow light) reports $231.7 Million Revenue in Third Quarter 2026. A further item carries a seasonal returns chart. Per the feed, the stock climbed 7.49% to $2.01 on a short-term basis. Watch items include the Q3 2026 results release and whether reported revenue supports the trend shown in the annual figures. The Butterfly Supply-Chain Graph shows no supply-chain links and no proprietary signals.

• What are the company's EPS and P/E figures on a trailing and forward basis, given that these are absent from the source data?
• What cash balances does the company hold in each reported period, since every cash entry is N/A?
• What drove the swing in FCF from $137.5M in FY 2023 to $21.4M in FY 2025, and is it recurring?
• What is the composition of the $428.0M debt load and its maturity profile relative to the Altman Z reading?
• Who are the institutional and insider holders, and what is the direction of their recent activity?