Martin Midstream Partners L.P. (MMLP) Fair Value 2026

MMLP · Oil & Gas Midstream ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.1 /10

32 fundamental signals · 6 models active

Value Trap Risk

LOW (31/100)

Quick Summary — As of 2026-08-28, Martin Midstream Partners L.P. (MMLP) trades at $2.25, versus a $8.82 median fair value across its 6 active models — 292.0% above the current price. QOC: 6.1/10. Value Trap Risk: 31/100 (LOW). 6/13 models active.

Key Facts

Ticker
MMLP
Price
$2.25
Quality Score
6.1/10
Value Trap Risk
31/100
Models Active
6/13
Last Updated
Strength: RCMH-DCF suggests +457.1% upside with 49% confidence
Risk: Limited model coverage (6/13) may reduce confidence

Is Martin Midstream Partners L.P. (MMLP) Undervalued or Overvalued in 2026?

According to CirclFi’s 6-model valuation engine, Martin Midstream Partners L.P. (MMLP) appears undervalued as of : the median of 6 independent fair value estimates is $8.82, 292.0% above the current price of $2.25. Estimates range from $5.54 to $12.75. MMLP scores 6.1/10 on fundamental quality and 31/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. MMLP’s +292.0% gap is wider than that market norm, and the Oil & Gas Midstream sector median is -12.7%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Martin Midstream Partners L.P. Stock in 2026? →

What Fair Value Does Each Model Give MMLP?

6 Intrinsic Value Models vs. Current Price ($2.25)

Core Models (Unlocked)
Model Fair Value Upside
Ensemble · Low Conviction
 $10.69 +375.1%
Intrinsic · Medium Conviction
 $12.53 +457.1%
Relative · Medium Conviction
 $6.95 +208.9%
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What Is MMLP's Fair Value Range?

Spread across 6 independent models · $5.54 to $12.75

CirclFi's 6 active models place Martin Midstream Partners L.P. (MMLP) between $5.54 and $12.75 per share, a spread of 82% of the median. The median of that range — $8.82 — is the fair value CirclFi publishes for MMLP, against a current price of $2.25.

Low · PWERMHigh · FTNN
$5.54median $8.82$12.75
Where the range comes from
Most bearish modelPWERM$5.54
Most bullish modelFTNN Topology$12.75
Model agreement6 bullish · 0 bearishmoderate

A band of this width is typical. The methods agree on direction but weight growth, reinvestment and risk differently, so treat the median as a centre of gravity rather than a precise target.

Every figure above is one model's standalone output on MMLP, not a CirclFi price target. How each model works →

What Is Martin Midstream Partners L.P. (MMLP) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Martin Midstream Partners L.P.'s intrinsic value is estimated at a median fair value of $8.82. At a current market price of $2.25, 6 of 6 active valuation models identify upside potential, projecting a median implied return of +292.0%. Notably, FTNN sees the most upside at +466.8% (fair value: $12.75), while PWERM is the most conservative at +146.4% ($5.54). The spread between these extremes — +320.4% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About MMLP?

6 of 13 models are currently active for MMLP. All 6 active models suggest the stock trades below fair value. Taken together, their median fair value for MMLP is $8.82 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does MMLP Rank in Oil & Gas Midstream?

Among 55 Oil & Gas Midstream stocks, MMLP ranks #39 by Quality of Company score. CirclFi's QOC score of 6.1/10 evaluates 32 fundamental signals. A score of 6.1 indicates above-average quality.

See all Most Undervalued Oil & Gas Midstream Stocks →

Martin Midstream Partners L.P.'s positioning within the Oil & Gas Midstream segment means that capital efficiency ratio plays an outsized role in fundamental analysis. The sector's unique characteristics — including basin-level economics — shape both the opportunity set and risk profile.

Is MMLP a Value Trap?

CirclFi's Value Trap algorithm assigns MMLP a score of 31/100 (LOW). This indicates low risk. The financial profile does not exhibit typical value trap warning signs. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

6 of 13 models are active for Martin Midstream Partners L.P.. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, Martin Midstream Partners L.P. earns a quality score of 6.1/10. This respectable rating reflects the company's standing across 32 fundamental signals spanning profitability, growth consistency, balance sheet strength, and capital allocation efficiency.

The gap between the most bullish and bearish model spans +320.4% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every MMLP valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across MMLP's 6 active models, average confidence is 31%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Martin Midstream Partners L.P. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Oil & Gas Midstream Stocks Should You Also Analyze?

11 related Oil & Gas Midstream stocks with 13-model coverage

GELGenesis Energy, L.P.QOC 6.3NGLNGL Energy Partners LPQOC 5.8TENTsakos Energy Navigation LimitedQOC 6.4SUNCSunocoCorp LLCQOC 5.8VNOMViper Energy, Inc.QOC 6.7TMDETMD Energy LimitedQOC 5.6FROFrontline plcQOC 2.7LPGDorian LPG Ltd.QOC 8.3DTMDT Midstream, Inc.QOC 7.8HESMHess Midstream LPQOC 9.2FLNGFLEX LNG Ltd.QOC 9.0

Read investment analysis: GEL · NGL · TEN · SUNC · VNOM · TMDE · FRO · LPG · DTM · HESM · FLNG

Which Other Stocks Have a Similar Quality Score to MMLP?

7 companies across all industries closest to MMLP’s Quality of Company score of 6.1/10.

OZKBank OZKQOC 6.1TSHATaysha Gene Therapies, Inc.QOC 6.1BKYIBIO-key International, Inc.QOC 6.1INMBINmune Bio Inc.QOC 6.1AARDAardvark Therapeutics, Inc.QOC 6.1TOONKartoon Studios Inc.QOC 6.1NVDANVIDIA CorporationQOC 10.0

Read investment analysis: OZK · TSHA · BKYI · INMB · AARD · TOON · NVDA

Where Does MMLP Sit in CirclFi's Oil & Gas Midstream Rankings?

MMLP is ranked against every other Oil & Gas Midstream stock CirclFi covers in each of these screens.

See all Oil & Gas Midstream stocks ranked →

What Else Do Investors Ask About Martin Midstream Partners L.P.’s Valuation?

What is Martin Midstream Partners L.P.'s intrinsic value in 2026?

CirclFi puts Martin Midstream Partners L.P. (MMLP)'s intrinsic value at $8.82 — the median of 6 independent model estimates as of 2026-08-28, ranging from $5.54 to $12.75. The Quality of Company score is 6.1/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is MMLP overvalued or undervalued right now?

At $2.25, 6 of 6 active models suggest MMLP may be undervalued, while 0 indicate potential overvaluation. The median of all 6 fair value estimates is $8.82, 292.0% above the current price of $2.25 — a consensus view that MMLP is undervalued. The assessment depends on which methodology best fits Martin Midstream Partners L.P.'s business model in Oil & Gas Midstream.

What does a Quality of Company score of 6.1 mean for MMLP?

Martin Midstream Partners L.P.'s QOC of 6.1/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on MMLP?

CirclFi analyzes MMLP with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 6 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on MMLP?

Of the 6 models currently active on MMLP, FTNN Topology is the most bullish at $12.75 per share, and PWERM is the most bearish at $5.54. CirclFi's published fair value for MMLP is the median of that range, $8.82, not either extreme. The gap between the two ends equals 82% of the median — a normal spread for a company of this profile. Browse stocks by value-trap risk →

Is MMLP a value trap in 2026?

Martin Midstream Partners L.P.'s Value Trap score is 31/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 6-model valuation engine, Martin Midstream Partners L.P. (MMLP) has a median fair value of $8.82 — 292.0% above the current price of $2.25 — as of 2026-08-28.” Source: circlfi.com/stock/MMLP/ · Methodology
Primary sources for this MMLP valuation
  • Financial statements: Martin Midstream Partners L.P. 10-K and 10-Q filings on SEC EDGAR (CIK 0001176334) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for MMLP as of ; valuations recomputed .

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