Magellan Midstream Partners, L.P Key Executives

This section highlights Magellan Midstream Partners, L.P's key executives, including their titles and compensation details.

Unlock Executive Information

Upgrade to access executive details

Upgrade Now

Find Contacts at Magellan Midstream Partners, L.P

(Showing 0 of )

Unlock Team Information

Upgrade to access team member details

Upgrade Now

Magellan Midstream Partners, L.P Earnings

This section highlights Magellan Midstream Partners, L.P's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date:
Time:
Est. EPS: $-
Status: Unconfirmed

Last Earnings Results

Date: August 01, 2024
EPS: $-
Est. EPS: $-
Revenue: $-

Earnings Call Transcripts

Transcript Quarter Year Date Estimated EPS Actual EPS
Read Transcript Q2 2023 2023-08-03 $1.11 $1.18
Read Transcript Q1 2023 2023-05-04 $1.19 $1.34

Financial Statements

Access annual & quarterly financial statements for Magellan Midstream Partners, L.P, including income statements, balance sheets, and cash flow statements..

Annual Income Statement

Breakdown December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018
Revenue $3.20B $2.73B $2.43B $2.73B $2.83B
Cost of Revenue $1.41B $1.01B $772.39M $865.41M $969.39M
Gross Profit $1.79B $1.73B $1.66B $1.86B $1.86B
Gross Profit Ratio 55.87% 63.10% 68.19% 68.28% 65.70%
Research and Development Expenses $- $- $- $- $-
General and Administrative Expenses $240.70M $206.30M $173.48M $196.65M $194.28M
Selling and Marketing Expenses $- $- $- $- $-
Selling General and Administrative Expenses $240.70M $206.30M $173.48M $196.65M $194.28M
Other Expenses $586.80M $566.90M $601.26M $631.11M $-13.87M
Operating Expenses $827.50M $773.20M $774.74M $827.76M $843.72M
Cost and Expenses $2.24B $1.78B $1.55B $1.69B $1.81B
Interest Income $1.20M $500.00K $1.04M $3.29M $3.01M
Interest Expense $228.00M $226.40M $222.86M $201.84M $203.52M
Depreciation and Amortization $292.80M $227.90M $258.68M $246.13M $265.08M
EBITDA $1.09B $1.09B $1.03B $1.20B $1.18B
EBITDA Ratio 34.03% 39.74% 42.42% 43.81% 41.88%
Operating Income $796.20M $858.10M $771.20M $949.02M $1.19B
Operating Income Ratio 24.88% 31.40% 31.77% 34.79% 42.26%
Total Other Income Expenses Net $-246.20M $-171.80M $-214.10M $-181.42M $139.41M
Income Before Tax $861.90M $934.60M $819.90M $1.02B $1.33B
Income Before Tax Ratio 26.93% 34.20% 33.77% 37.48% 47.19%
Income Tax Expense $2.70M $2.30M $2.93M $1.44M $71.00K
Net Income $1.04B $982.00M $816.97M $1.02B $1.33B
Net Income Ratio 32.38% 35.93% 33.65% 37.42% 47.19%
EPS $4.95 $4.47 $3.62 $4.46 $5.84
EPS Diluted $4.95 $4.47 $3.62 $4.46 $5.84
Weighted Average Shares Outstanding 209.40M 219.60M 225.50M 228.70M 228.38M
Weighted Average Shares Outstanding Diluted 209.60M 219.80M 225.50M 228.80M 228.57M
SEC Filing Source Source Source Source Source


Breakdown June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 September 30, 2019 June 30, 2019 March 31, 2019 December 31, 2018 September 30, 2018
Revenue $877.20M $869.70M $861.00M $876.10M $788.60M $674.70M $809.30M $639.05M $653.64M $661.07M $586.32M $598.26M $460.41M $782.81M $740.68M $656.60M $701.70M $628.93M $865.68M $638.02M
Cost of Revenue $353.00M $375.90M $443.50M $326.50M $341.10M $301.10M $350.90M $207.26M $224.06M $243.00M $182.63M $167.94M $109.05M $312.77M $253.66M $165.38M $215.41M $230.97M $333.88M $176.74M
Gross Profit $524.20M $493.80M $417.50M $549.60M $447.50M $373.60M $458.40M $431.80M $429.59M $418.08M $403.69M $430.32M $351.36M $470.04M $487.02M $491.21M $486.29M $397.97M $531.80M $461.28M
Gross Profit Ratio 59.80% 56.80% 48.50% 62.70% 56.70% 55.40% 56.60% 67.60% 65.70% 63.20% 68.85% 71.93% 76.31% 60.05% 65.75% 74.81% 69.30% 63.28% 61.43% 72.30%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $74.50M $60.40M $63.00M $58.00M $56.90M $62.80M $57.70M $46.63M $56.09M $46.58M $56.39M $38.02M $42.17M $36.91M $47.12M $51.16M $52.38M $45.99M $47.05M $47.39M
Selling and Marketing Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Selling General and Administrative Expenses $74.50M $60.40M $63.00M $58.00M $56.90M $62.80M $57.70M $46.63M $56.09M $46.58M $56.39M $38.02M $42.17M $36.91M $47.12M $51.16M $52.38M $45.99M $47.05M $47.39M
Other Expenses $-1.00M $128.10M $146.50M $137.00M $177.10M $-600.00K $-2.80M $-2.22M $-14.83M $-1.06M $-1.46M $-1.46M $-1.45M $-807.00K $-2.61M $-2.60M $-4.57M $-2.05M $-3.57M $-1.69M
Operating Expenses $245.10M $188.50M $209.50M $195.00M $234.00M $189.00M $205.80M $190.60M $203.30M $177.65M $200.59M $202.86M $184.36M $186.93M $195.42M $220.92M $226.34M $185.08M $221.23M $219.50M
Cost and Expenses $598.10M $564.40M $653.00M $521.50M $575.10M $490.10M $556.70M $397.85M $427.36M $420.64M $383.22M $370.80M $293.41M $499.70M $449.08M $386.31M $441.74M $416.04M $555.11M $396.24M
Interest Income $1.50M $1.00M $600.00K $300.00K $200.00K $100.00K $100.00K $138.00K $148.00K $153.00K $134.00K $260.00K $223.00K $420.00K $639.00K $648.00K $338.00K $1.66M $1.55M $501.00K
Interest Expense $56.30M $57.10M $56.80M $56.80M $57.50M $56.90M $56.60M $56.70M $56.56M $56.47M $53.94M $52.94M $65.03M $50.95M $50.94M $47.92M $46.27M $56.71M $48.34M $52.03M
Depreciation and Amortization $57.20M $400.00K $118.40M $47.50M $58.40M $57.70M $59.60M $61.40M $48.77M $58.13M $64.78M $71.82M $58.54M $63.53M $65.11M $56.63M $62.53M $61.87M $103.35M $56.23M
EBITDA $295.50M $331.90M $243.90M $443.90M $298.40M $277.20M $288.20M $336.98M $300.97M $336.71M $238.63M $337.22M $199.46M $389.92M $336.37M $375.15M $359.04M $305.63M $358.83M $350.61M
EBITDA Ratio 33.69% 38.16% 28.33% 50.67% 37.84% 41.08% 35.61% 52.73% 46.05% 50.93% 40.70% 56.37% 43.32% 49.81% 45.41% 57.14% 51.17% 48.59% 41.45% 54.95%
Operating Income $295.00M $331.50M $125.50M $396.40M $240.00M $220.00M $290.90M $277.67M $266.88M $279.48M $239.95M $266.60M $200.69M $326.77M $338.34M $320.48M $300.74M $244.15M $360.85M $295.57M
Operating Income Ratio 33.63% 38.12% 14.58% 45.25% 30.43% 32.61% 35.94% 43.45% 40.83% 42.28% 40.92% 44.56% 43.59% 41.74% 45.68% 48.81% 42.86% 38.82% 41.68% 46.33%
Total Other Income Expenses Net $-54.70M $-56.70M $-64.00M $-67.10M $-57.90M $-57.20M $52.63M $-55.56M $-1.54M $-57.38M $147.12M $-54.13M $-66.25M $-38.45M $-52.91M $-47.34M $-45.86M $-35.31M $91.51M $300.57M
Income Before Tax $240.30M $274.80M $187.70M $329.30M $182.10M $162.80M $233.70M $222.11M $265.33M $222.11M $184.69M $212.46M $134.43M $288.32M $285.43M $273.14M $254.88M $208.83M $310.48M $596.14M
Income Before Tax Ratio 27.39% 31.60% 21.80% 37.59% 23.09% 24.13% 28.88% 34.76% 40.59% 33.60% 31.50% 35.51% 29.20% 36.83% 38.54% 41.60% 36.32% 33.20% 35.87% 93.44%
Income Tax Expense $1.60M $900.00K $700.00K $900.00K $300.00K $800.00K $300.00K $821.00K $434.00K $789.00K $765.00K $824.00K $589.00K $756.00K $-1.01M $100.00K $1.18M $1.17M $-3.59M $1.61M
Net Income $238.70M $273.90M $187.00M $330.00M $181.80M $165.50M $243.70M $236.60M $280.42M $221.32M $183.92M $211.64M $133.84M $287.56M $286.44M $273.04M $253.70M $207.66M $314.07M $594.53M
Net Income Ratio 27.21% 31.49% 21.72% 37.67% 23.05% 24.53% 30.11% 37.02% 42.90% 33.48% 31.37% 35.38% 29.07% 36.74% 38.67% 41.58% 36.16% 33.02% 36.28% 93.18%
EPS $1.18 $1.34 $0.91 $1.59 $0.86 $0.78 $1.14 $1.08 $1.26 $0.99 $0.82 $0.94 $0.59 $1.26 $1.25 $1.19 $1.11 $0.91 $1.38 $2.60
EPS Diluted $1.18 $1.34 $0.91 $1.59 $0.86 $0.78 $1.14 $1.08 $1.26 $0.99 $0.82 $0.94 $0.59 $1.26 $1.25 $1.19 $1.11 $0.91 $1.37 $2.60
Weighted Average Shares Outstanding 202.90M 204.00M 205.50M 207.50M 211.60M 212.90M 213.49M 218.64M 222.70M 223.60M 223.87M 225.22M 225.35M 227.57M 228.87M 228.72M 228.65M 228.56M 228.40M 228.40M
Weighted Average Shares Outstanding Diluted 203.10M 204.00M 206.10M 207.60M 211.70M 212.90M 214.01M 218.79M 222.90M 223.60M 223.87M 225.22M 225.35M 227.57M 229.20M 228.75M 228.69M 228.56M 229.05M 228.45M
SEC Filing Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source

Annual Balance Sheet

Breakdown December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018
Cash and Cash Equivalents $2.00M $2.00M $13.04M $58.03M $218.28M
Short Term Investments $- $- $- $- $-
Cash and Short Term Investments $2.00M $2.00M $13.04M $58.03M $218.28M
Net Receivables $264.30M $169.80M $146.21M $149.33M $129.17M
Inventory $356.20M $281.10M $167.39M $184.40M $185.74M
Other Current Assets $88.00M $390.30M $78.56M $67.65M $113.15M
Total Current Assets $710.50M $843.20M $405.19M $459.41M $646.34M
Property Plant Equipment Net $5.98B $6.08B $6.43B $6.58B $5.80B
Goodwill $50.40M $50.10M $52.83M $53.26M $53.26M
Intangible Assets $41.00M $43.20M $44.92M $47.90M $51.17M
Goodwill and Intangible Assets $91.40M $93.30M $97.75M $101.16M $104.43M
Long Term Investments $894.00M $980.80M $1.21B $1.24B $1.08B
Tax Assets $- $10.10M $22.75M $20.78M $20.84M
Other Non-Current Assets $32.10M $23.70M $29.65M $39.93M $101.43M
Total Non-Current Assets $7.00B $7.19B $7.79B $7.98B $7.10B
Other Assets $- $- $- $- $-
Total Assets $7.71B $8.03B $8.20B $8.44B $7.75B
Account Payables $108.20M $109.50M $100.02M $150.99M $138.74M
Short Term Debt $31.00M $25.80M $27.53M $26.22M $59.49M
Tax Payables $86.00M $76.50M $68.31M $66.01M $53.09M
Deferred Revenue $103.90M $92.50M $98.90M $109.65M $121.08M
Other Current Liabilities $396.40M $375.30M $263.81M $314.00M $304.15M
Total Current Liabilities $725.50M $679.60M $558.57M $666.88M $676.56M
Long Term Debt $5.13B $5.24B $5.12B $4.85B $4.21B
Deferred Revenue Non-Current $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $-
Other Non-Current Liabilities $165.40M $214.50M $218.43M $205.73M $216.17M
Total Non-Current Liabilities $5.30B $5.45B $5.33B $5.06B $4.43B
Other Liabilities $- $- $- $- $-
Total Liabilities $6.02B $6.13B $5.89B $5.72B $5.10B
Preferred Stock $- $- $- $- $-
Common Stock $- $- $- $- $-
Retained Earnings $- $- $- $- $-
Accumulated Other Comprehensive Income Loss $-93.90M $-155.00M $-183.19M $-162.08M $-120.49M
Other Total Stockholders Equity $93.90M $155.00M $183.19M $162.08M $2.76B
Total Stockholders Equity $-93.90M $-155.00M $-183.19M $-162.08M $2.64B
Total Equity $-93.90M $-155.00M $-183.19M $-162.08M $2.64B
Total Liabilities and Stockholders Equity $6.02B $6.13B $5.89B $5.72B $5.10B
Minority Interest $- $- $- $- $-
Total Liabilities and Total Equity $6.02B $6.13B $5.89B $5.72B $5.10B
Total Investments $894.00M $980.80M $1.21B $1.24B $1.08B
Total Debt $5.16B $5.26B $5.14B $4.88B $4.27B
Net Debt $5.16B $5.26B $5.13B $4.82B $4.05B


Balance Sheet Charts

Breakdown June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 September 30, 2019 June 30, 2019 March 31, 2019 December 31, 2018 September 30, 2018
Cash and Cash Equivalents $128.40M $7.40M $2.00M $8.10M $4.60M $4.60M $2.00M $12.59M $257.97M $4.07M $13.04M $8.54M $2.86M $139.25M $58.03M $135.49M $3.07M $13.50M $218.28M $217.42M
Short Term Investments $- $11.90M $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Cash and Short Term Investments $128.40M $7.40M $2.00M $8.10M $4.60M $4.60M $2.00M $12.59M $257.97M $4.07M $13.04M $8.54M $2.86M $139.25M $58.03M $135.49M $3.07M $13.50M $218.28M $217.42M
Net Receivables $204.30M $195.80M $264.30M $223.40M $179.80M $164.80M $169.80M $168.02M $173.14M $178.30M $146.21M $136.79M $111.64M $115.04M $149.33M $154.12M $164.93M $166.06M $129.17M $161.64M
Inventory $330.10M $326.60M $356.20M $348.80M $329.00M $308.20M $281.10M $222.57M $216.91M $212.77M $167.39M $129.03M $116.38M $71.15M $184.40M $205.95M $172.91M $195.05M $185.74M $179.37M
Other Current Assets $74.50M $69.00M $88.00M $137.30M $156.10M $473.60M $390.30M $396.12M $374.26M $83.00M $78.56M $66.88M $86.35M $101.54M $67.65M $72.28M $66.11M $63.59M $113.15M $113.58M
Total Current Assets $737.30M $598.80M $710.50M $717.60M $669.50M $951.20M $843.20M $799.30M $1.02B $478.14M $405.19M $341.24M $317.24M $426.99M $459.41M $567.84M $407.02M $438.19M $646.34M $672.01M
Property Plant Equipment Net $5.92B $5.96B $5.98B $6.01B $6.03B $6.05B $6.08B $6.11B $6.13B $6.42B $6.43B $6.44B $6.43B $6.41B $6.58B $6.43B $6.26B $6.10B $5.80B $5.73B
Goodwill $50.40M $50.40M $50.40M $50.40M $50.40M $50.10M $50.10M $50.12M $50.12M $52.83M $52.83M $52.83M $52.83M $52.83M $53.26M $53.26M $53.26M $53.26M $53.26M $53.26M
Intangible Assets $39.60M $40.30M $41.00M $41.70M $42.40M $42.50M $43.20M $42.97M $43.62M $44.27M $44.92M $45.58M $46.56M $47.23M $47.90M $48.56M $49.23M $49.90M $51.17M $51.66M
Goodwill and Intangible Assets $90.00M $90.70M $91.40M $92.10M $92.80M $92.60M $93.30M $93.09M $93.74M $97.10M $97.75M $98.41M $99.39M $100.06M $101.16M $101.83M $102.49M $103.16M $104.43M $104.92M
Long Term Investments $859.30M $882.10M $894.00M $961.90M $965.10M $978.60M $980.80M $993.29M $1.00B $1.20B $1.21B $1.21B $1.21B $1.19B $1.24B $1.21B $1.17B $1.13B $1.08B $1.01B
Tax Assets $8.10M $- $- $- $- $9.80M $10.10M $22.77M $20.88M $21.59M $22.75M $21.85M $21.52M $21.41M $20.78M $20.79M $21.30M $20.65M $20.84M $23.52M
Other Non-Current Assets $12.90M $32.00M $32.10M $35.10M $32.80M $24.00M $33.80M $48.16M $47.25M $48.81M $52.41M $54.34M $49.99M $54.83M $60.71M $89.53M $73.90M $76.88M $122.27M $78.41M
Total Non-Current Assets $6.89B $6.97B $7.00B $7.10B $7.12B $7.16B $7.19B $7.25B $7.27B $7.77B $7.79B $7.80B $7.79B $7.76B $7.98B $7.82B $7.60B $7.41B $7.10B $6.92B
Other Assets $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Assets $7.63B $7.57B $7.71B $7.81B $7.79B $8.11B $8.03B $8.05B $8.29B $8.25B $8.20B $8.14B $8.10B $8.19B $8.44B $8.39B $8.01B $7.84B $7.75B $7.60B
Account Payables $137.70M $126.90M $108.20M $134.40M $138.80M $98.00M $109.50M $129.09M $122.71M $102.20M $100.02M $124.61M $119.68M $147.89M $150.99M $205.41M $179.73M $192.97M $138.74M $137.17M
Short Term Debt $21.30M $31.10M $31.00M $30.80M $30.80M $30.70M $25.80M $25.62M $25.73M $26.66M $27.53M $27.18M $27.25M $577.65M $26.22M $23.00M $22.48M $23.26M $59.49M $552.90M
Tax Payables $65.30M $56.60M $86.00M $81.10M $63.60M $51.70M $76.50M $68.74M $52.36M $48.48M $68.31M $65.28M $51.66M $46.51M $66.01M $63.38M $48.15M $41.07M $53.09M $52.31M
Deferred Revenue $94.10M $109.60M $103.90M $102.20M $85.90M $106.40M $92.50M $101.80M $101.50M $98.71M $98.90M $92.23M $105.67M $113.31M $109.65M $107.85M $111.90M $118.69M $121.08M $121.25M
Other Current Liabilities $362.70M $293.90M $396.40M $368.30M $369.70M $349.00M $375.30M $332.05M $339.71M $284.71M $263.81M $222.32M $216.89M $254.28M $314.00M $281.01M $256.02M $247.37M $304.15M $263.44M
Total Current Liabilities $681.10M $618.10M $725.50M $716.80M $688.80M $635.80M $679.60M $657.29M $642.02M $560.76M $558.57M $531.62M $521.15M $1.14B $666.88M $680.64M $618.27M $623.37M $676.56M $1.13B
Long Term Debt $5.06B $5.10B $5.13B $5.13B $5.14B $5.46B $5.24B $5.25B $5.14B $5.16B $5.12B $5.02B $4.93B $4.29B $4.85B $4.84B $4.55B $4.43B $4.21B $3.72B
Deferred Revenue Non-Current $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Non-Current Liabilities $172.80M $171.80M $165.40M $213.90M $209.00M $216.80M $214.50M $220.54M $220.58M $225.47M $218.43M $198.06M $202.18M $207.03M $205.73M $195.62M $194.87M $176.65M $216.17M $202.58M
Total Non-Current Liabilities $5.23B $5.27B $5.30B $5.35B $5.34B $5.67B $5.45B $5.48B $5.36B $5.39B $5.33B $5.22B $5.13B $4.50B $5.06B $5.04B $4.75B $4.60B $4.43B $3.92B
Other Liabilities $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Liabilities $5.91B $5.89B $6.02B $6.06B $6.03B $6.31B $6.13B $6.13B $6.01B $5.95B $5.89B $5.75B $5.65B $5.64B $5.72B $5.72B $5.37B $5.23B $5.10B $5.05B
Preferred Stock $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Common Stock $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Retained Earnings $- $- $- $- $573.40M $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Accumulated Other Comprehensive Income Loss $-93.90M $-92.60M $-93.90M $-141.20M $-149.80M $-152.90M $-155.00M $-162.58M $-166.15M $-180.66M $-183.19M $-163.30M $-165.63M $-169.77M $-162.08M $-147.94M $-136.27M $-122.94M $-120.49M $-118.20M
Other Total Stockholders Equity $93.90M $1.94B $93.90M $141.20M $-423.60M $152.90M $155.00M $162.58M $166.15M $180.66M $183.19M $163.30M $165.63M $169.77M $162.08M $147.94M $136.27M $122.94M $120.49M $118.20M
Total Stockholders Equity $-93.90M $1.85B $-93.90M $-141.20M $423.60M $-152.90M $-155.00M $-162.58M $-166.15M $-180.66M $-183.19M $-163.30M $-165.63M $-169.77M $-162.08M $-147.94M $-136.27M $-122.94M $-120.49M $-118.20M
Total Equity $-93.90M $1.85B $-93.90M $-141.20M $423.60M $-152.90M $-155.00M $-162.58M $-166.15M $-180.66M $-183.19M $-163.30M $-165.63M $-169.77M $-162.08M $-147.94M $-136.27M $-122.94M $-120.49M $-118.20M
Total Liabilities and Stockholders Equity $5.91B $5.89B $6.02B $6.06B $6.03B $6.31B $6.13B $6.13B $6.01B $5.95B $5.89B $5.75B $5.65B $5.64B $5.72B $5.72B $5.37B $5.23B $5.10B $5.05B
Minority Interest $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Liabilities and Total Equity $5.91B $5.89B $6.02B $6.06B $6.03B $6.31B $6.13B $6.13B $6.01B $5.95B $5.89B $5.75B $5.65B $5.64B $5.72B $5.72B $5.37B $5.23B $5.10B $5.05B
Total Investments $859.30M $894.00M $894.00M $961.90M $965.10M $978.60M $980.80M $993.29M $1.00B $1.20B $1.21B $1.21B $1.21B $1.19B $1.24B $1.21B $1.17B $1.13B $1.08B $1.01B
Total Debt $5.08B $5.13B $5.16B $5.16B $5.17B $5.49B $5.26B $5.28B $5.17B $5.19B $5.14B $5.05B $4.95B $4.87B $4.88B $4.86B $4.58B $4.45B $4.27B $4.27B
Net Debt $4.95B $5.12B $5.16B $5.16B $5.16B $5.48B $5.26B $5.27B $4.91B $5.19B $5.13B $5.04B $4.95B $4.73B $4.82B $4.73B $4.57B $4.44B $4.05B $4.05B

Annual Cash Flow

Breakdown December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018
Net Income $1.04B $982.00M $816.97M $1.02B $1.33B
Depreciation and Amortization $292.80M $227.90M $258.68M $246.13M $265.08M
Deferred Income Tax $- $15.50M $54.28M $13.95M $-312.49M
Stock Based Compensation $38.50M $21.80M $11.98M $24.01M $32.05M
Change in Working Capital $-113.00M $-9.70M $-41.25M $7.99M $22.25M
Accounts Receivables $- $80.80M $-37.21M $14.01M $11.86M
Inventory $-75.10M $-122.90M $15.77M $1.34M $-3.39M
Accounts Payables $-6.50M $16.00M $4.22M $-1.24M $21.15M
Other Working Capital $-31.40M $16.40M $-24.04M $-6.12M $-7.37M
Other Non Cash Items $-113.40M $-41.30M $6.72M $8.24M $12.13M
Net Cash Provided by Operating Activities $1.14B $1.20B $1.11B $1.32B $1.35B
Investments in Property Plant and Equipment $-175.30M $-148.60M $-439.57M $-943.99M $-552.26M
Acquisitions Net $-900.00K $-5.60M $-95.07M $-212.38M $-216.42M
Purchases of Investments $- $- $- $-212.38M $-216.42M
Sales Maturities of Investments $- $- $- $943.99M $552.26M
Other Investing Activities $450.60M $272.30M $335.39M $-582.49M $313.59M
Net Cash Used for Investing Activities $274.40M $118.10M $-199.25M $-1.01B $-119.26M
Debt Repayment $- $- $- $- $-
Common Stock Issued $- $- $813.73M $- $-
Common Stock Repurchased $-462.30M $-523.10M $-276.94M $- $-
Dividends Paid $-870.00M $-906.40M $-927.12M $-921.61M $-865.43M
Other Financing Activities $-547.80M $-421.30M $-43.17M $383.02M $-235.07M
Net Cash Used Provided by Financing Activities $-1.42B $-1.33B $-970.28M $-538.59M $-1.10B
Effect of Forex Changes on Cash $- $- $- $- $-
Net Change in Cash $-2.10M $-13.40M $-62.15M $-224.66M $133.19M
Cash at End of Period $6.90M $9.00M $22.45M $84.60M $309.26M
Cash at Beginning of Period $9.00M $22.40M $84.60M $309.26M $176.07M
Operating Cash Flow $1.14B $1.20B $1.11B $1.32B $1.35B
Capital Expenditure $-175.30M $-148.60M $-439.57M $-943.99M $-552.26M
Free Cash Flow $966.00M $1.05B $667.80M $377.19M $800.69M

Cash Flow Charts

Breakdown June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 September 30, 2019 June 30, 2019 March 31, 2019 December 31, 2018 September 30, 2018
Net Income $238.70M $273.90M $187.00M $330.00M $353.90M $165.50M $243.67M $236.60M $280.42M $221.32M $183.92M $211.64M $133.84M $287.56M $286.44M $273.04M $253.70M $207.66M $314.07M $594.53M
Depreciation and Amortization $57.20M $56.40M $118.40M $57.90M $58.80M $57.70M $59.60M $61.40M $48.77M $58.13M $64.78M $71.82M $58.54M $63.53M $65.11M $56.63M $62.53M $61.87M $103.35M $56.23M
Deferred Income Tax $21.70M $- $- $- $- $10.60M $25.83M $17.30M $-40.02M $12.38M $18.55M $10.67M $26.98M $-1.92M $18.99M $2.09M $-5.46M $-1.68M $17.95M $-352.63M
Stock Based Compensation $7.80M $6.40M $9.70M $5.90M $8.50M $14.40M $6.11M $5.63M $5.38M $4.68M $6.41M $1.17M $4.26M $155.00K $1.44M $6.77M $10.89M $4.91M $7.44M $7.93M
Change in Working Capital $78.70M $2.50M $20.00M $-4.50M $17.00M $-145.50M $-9.07M $-22.18M $79.47M $-57.91M $-9.16M $-19.87M $-46.40M $34.17M $25.11M $11.70M $38.70M $-67.52M $42.71M $-8.11M
Accounts Receivables $67.90M $68.50M $10.00M $- $-10.00M $-86.70M $60.84M $8.89M $25.64M $-14.57M $14.84M $8.65M $26.18M $-86.88M $23.94M $58.13M $17.43M $-85.49M $59.48M $-18.89M
Inventory $-3.50M $29.60M $-7.40M $-19.80M $-20.80M $-27.10M $-58.54M $-5.66M $-13.32M $-45.38M $-38.36M $-12.65M $-45.23M $112.01M $21.55M $-33.05M $22.14M $-9.31M $-6.37M $4.21M
Accounts Payables $26.30M $200.00K $-11.50M $-1.10M $15.40M $-9.30M $-7.41M $-5.85M $19.02M $10.23M $-4.82M $-3.27M $4.39M $7.93M $-30.25M $6.90M $19.20M $2.91M $-6.35M $8.65M
Other Working Capital $-12.00M $-95.80M $28.90M $16.40M $32.40M $-22.40M $56.87M $-10.68M $73.77M $-22.77M $34.02M $-3.95M $-5.55M $-85.76M $33.81M $37.84M $-2.64M $-61.12M $55.43M $-20.98M
Other Non Cash Items $400.00K $12.30M $17.40M $2.20M $-141.30M $-2.30M $16.82M $4.68M $-61.33M $14.03M $21.32M $12.10M $28.39M $-806.00K $20.49M $3.90M $-1.82M $-372.00K $21.60M $-350.87M
Net Cash Provided by Operating Activities $404.50M $351.50M $352.50M $391.50M $296.90M $100.40M $317.12M $286.12M $352.72M $240.24M $267.27M $276.85M $178.63M $384.62M $398.58M $352.04M $364.00M $206.56M $489.17M $299.71M
Investments in Property Plant and Equipment $-51.30M $-44.00M $-45.70M $-43.50M $-41.20M $-44.90M $-42.14M $-39.05M $-37.45M $-29.95M $-68.40M $-78.95M $-119.55M $-172.67M $-225.38M $-230.94M $-281.23M $-206.44M $-177.94M $-154.88M
Acquisitions Net $- $- $900.00K $- $-100.00K $-800.00K $16.00K $- $-3.75M $-1.86M $-21.39M $-14.22M $-31.13M $-28.32M $-54.23M $-45.89M $-35.62M $-76.63M $-69.38M $-2.19M
Purchases of Investments $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-54.23M $-45.89M $-35.62M $-76.63M $-69.38M $-2.19M
Sales Maturities of Investments $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Investing Activities $1.10M $- $-900.00K $2.00M $449.50M $-900.00K $82.00K $1.36M $232.75M $-29.30M $-67.59M $-77.24M $-119.46M $160.12M $-164.03M $-140.79M $-209.05M $-68.63M $-81.94M $428.30M
Net Cash Used for Investing Activities $-50.20M $-44.00M $-45.70M $-41.50M $408.20M $-46.60M $-42.04M $-37.69M $229.00M $-31.16M $-88.98M $-91.46M $-150.60M $131.79M $-272.50M $-232.57M $-280.28M $-221.89M $-220.69M $423.93M
Debt Repayment $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Common Stock Issued $- $- $- $- $- $- $- $- $- $- $81.03M $- $- $- $- $- $- $- $- $-
Common Stock Repurchased $-26.20M $-47.50M $-101.50M $-141.80M $-169.00M $-50.00M $-50.04M $-390.74M $-82.32M $- $-24.99M $-49.97M $- $-201.98M $- $- $- $- $- $-
Dividends Paid $-211.70M $-213.00M $-214.70M $-215.20M $-219.50M $-220.60M $-221.38M $-226.63M $-228.96M $-229.42M $-229.85M $-231.25M $-231.25M $-234.77M $-232.97M $-231.26M $-229.54M $-227.83M $-223.06M $-218.50M
Other Financing Activities $-26.20M $-89.40M $-9.00M $-131.80M $-486.00M $169.10M $-65.09M $-267.74M $-99.32M $10.85M $53.68M $57.03M $62.81M $-216.68M $-561.91M $272.04M $126.54M $-15.56M $3.62M $-348.97M
Net Cash Used Provided by Financing Activities $-237.90M $-302.40M $-313.80M $-347.00M $-705.50M $-51.50M $-286.47M $-494.37M $-328.29M $-218.57M $-176.18M $-174.21M $-168.44M $-451.46M $-232.97M $40.78M $-103.01M $-243.39M $-219.44M $-567.47M
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $116.40M $5.10M $-7.00M $3.00M $-400.00K $2.30M $-11.44M $-245.94M $253.43M $-9.50M $2.11M $11.18M $-140.40M $64.96M $-106.89M $160.25M $-19.28M $-258.73M $49.03M $156.17M
Cash at End of Period $128.40M $12.00M $6.90M $13.90M $10.90M $11.30M $9.00M $20.44M $266.38M $12.95M $22.45M $20.33M $9.16M $149.56M $84.60M $191.49M $31.25M $50.53M $309.26M $260.23M
Cash at Beginning of Period $12.00M $6.90M $13.90M $10.90M $11.30M $9.00M $20.44M $266.38M $12.95M $22.45M $20.33M $9.16M $149.56M $84.60M $191.49M $31.25M $50.53M $309.26M $260.23M $104.06M
Operating Cash Flow $404.50M $351.50M $352.50M $391.50M $296.90M $100.40M $317.12M $286.12M $352.72M $240.24M $267.27M $276.85M $178.63M $384.62M $398.58M $352.04M $364.00M $206.56M $489.17M $299.71M
Capital Expenditure $-51.30M $-44.00M $-45.70M $-43.50M $-41.20M $-44.90M $-42.14M $-39.05M $-37.45M $-29.95M $-68.40M $-78.95M $-119.55M $-172.67M $-225.38M $-230.94M $-281.23M $-206.44M $-177.94M $-154.88M
Free Cash Flow $353.20M $307.50M $306.80M $348.00M $255.70M $55.50M $274.98M $247.07M $315.26M $210.29M $198.87M $197.90M $59.09M $211.95M $173.20M $121.09M $82.78M $120.00K $311.23M $144.84M

Magellan Midstream Partners, L.P. (MMP)

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.

Energy Oil & Gas Midstream

$69.00

Stock Price

$13.94B

Market Cap

1.66K

Employees

Tulsa, OK

Location

Revenue (FY 2022)

$3.20B

17.1% YoY

Net Income (FY 2022)

$1.04B

5.5% YoY

EPS (FY 2022)

$4.95

10.7% YoY

Free Cash Flow (FY 2022)

$966.00M

-7.8% YoY

Profitability

Gross Margin

55.9%

Net Margin

32.4%

ROE

-1103.7%

ROA

13.4%

Valuation

P/E Ratio

10.14

P/S Ratio

3.29

EV/EBITDA

14.39

Market Cap

$13.94B

Revenue & Net Income

Profit Margins

Cash Flow Summary

Operating Cash Flow

$1.14B

-4.6% YoY

Free Cash Flow

$966.00M

-7.8% YoY

Balance Sheet Summary

Total Assets

$7.71B

-4.0% YoY

Total Debt

$5.16B

1.9% YoY

Shareholder Equity

$-93.90M

-7.0% YoY

Dividend Overview

$0.25

Latest Dividend

%

Dividend Yield

%

Payout Ratio

Recent Dividend History
Date Amount Type
2023-09-20 $0.25 September 20, 23
2023-08-04 $1.05 August 04, 23
2023-05-05 $1.05 May 05, 23
2023-02-06 $1.05 February 06, 23
2022-11-04 $1.05 November 04, 22
2022-08-04 $1.04 August 04, 22
2022-04-29 $1.04 April 29, 22
2022-02-04 $1.04 February 04, 22
2021-11-04 $1.04 November 04, 21
2021-08-05 $1.03 August 05, 21

Magellan Midstream Partners, L.P Dividends

Explore Magellan Midstream Partners, L.P's dividend history, including dividend yield, payout ratio, and historical payments.

Dividend Yield

8.27%

Dividend Payout Ratio

83.94%

Dividend Paid & Capex Coverage Ratio

1.09x

Magellan Midstream Partners, L.P Dividend History

Dividend Adjusted Dividend Date Record Date Payment Date Declaration Date
$0.2474 $0.2474 September 20, 2023 September 21, 2023 September 25, 2023 September 11, 2023
$1.0475 $1.0475 August 04, 2023 August 07, 2023 August 14, 2023 July 27, 2023
$1.0475 $1.0475 May 05, 2023 May 08, 2023 May 15, 2023 April 27, 2023
$1.048 $1.0475 February 06, 2023 February 07, 2023 February 14, 2023 January 24, 2023
$1.048 $1.0475 November 04, 2022 November 07, 2022 November 14, 2022 October 20, 2022
$1.038 $1.0375 August 04, 2022 August 05, 2022 August 12, 2022 July 21, 2022
$1.038 $1.0375 April 29, 2022 May 02, 2022 May 13, 2022 April 21, 2022
$1.0375 $1.0375 February 04, 2022 February 07, 2022 February 14, 2022 January 25, 2022
$1.038 $1.0375 November 04, 2021 November 05, 2021 November 12, 2021 October 20, 2021
$1.028 $1.0275 August 05, 2021 August 06, 2021 August 13, 2021 July 22, 2021
$1.0275 $1.0275 May 06, 2021 May 07, 2021 May 14, 2021 April 22, 2021
$1.0275 $1.0275 February 04, 2021 February 05, 2021 February 12, 2021 January 26, 2021
$1.0275 $1.0275 November 05, 2020 November 06, 2020 November 13, 2020 October 22, 2020
$1.0275 $1.0275 August 06, 2020 August 07, 2020 August 14, 2020 July 23, 2020
$1.0275 $1.0275 May 07, 2020 May 08, 2020 May 15, 2020 April 23, 2020
$1.0275 $1.0275 February 06, 2020 February 07, 2020 February 14, 2020 January 21, 2020
$1.02 $1.02 November 06, 2019 November 07, 2019 November 14, 2019 October 24, 2019
$1.0125 $1.0125 August 06, 2019 August 07, 2019 August 14, 2019 July 25, 2019
$1.005 $1.005 May 07, 2019 May 08, 2019 May 15, 2019 April 25, 2019
$0.9975 $0.9975 February 06, 2019 February 07, 2019 February 14, 2019 January 22, 2019

Magellan Midstream Partners, L.P News

Read the latest news about Magellan Midstream Partners, L.P, including recent articles, headlines, and updates.

Bicycle Therapeutics Announces Presentation of Additional Human Radiopharmaceutical Imaging Data for MT1-MMP at the American Association for Cancer Research Annual Meeting 2025

CAMBRIDGE, England & BOSTON--(BUSINESS WIRE)--Bicycle Therapeutics plc (NASDAQ: BCYC), a biopharmaceutical company pioneering a new and differentiated class of therapeutics based on its proprietary bicyclic peptide (Bicycle®) technology, announced the presentation of additional human imaging data that validate the potential of MT1-MMP, a tumor antigen overexpressed in many cancers, as a novel target for cancer treatment and demonstrate the positive properties of Bicycle® Radioconjugates (BRC®).

News image

Allergan Aesthetics Launches BOTOX® Cosmetic (onabotulinumtoxinA) for Masseter Muscle Prominence (MMP) in Adults in China

BOTOX® Cosmetic is the first neurotoxin approved in China for the treatment of masseter muscle prominence (MMP), the largest global market for MMP. Approval supported by well-established safety profile and robust clinical trials demonstrating BOTOX® Cosmetic is effective in reducing the prominence of the masseter muscle.

News image

November's 5 Dividend Growth Stocks With 5.57%+ Yields

Dividend growth stocks often provide reliable cash flows and long-term wealth for income investors. Screening dividend stocks based on safety, growth, and consistency can be beneficial to find new opportunities important for investors. In this month's article, we highlight these five dividend stocks: Medifast, Realty Income, ONEOK, VICI Properties, and Cogent Communications Holdings.

News image

ONEOK: Strong Asset Base And The Magellan Deal Add More Fuel

ONEOK announced a merger with Magellan Midstream Partners, one of the largest deals in the energy sector, which will significantly increase OKE's EBITDA. The Company has consistently grown its EPS by 14% annually through acquisitions, and its yield above 5% makes it an enticing investment. Despite concerns about debt levels and achieving expected synergies from the merger, OKE's resilience and strategic ambitions make it a buy.

News image

TortoiseEcofin Announces Revision of Timing of Constituent Changes Due to Corporate Action

LEAWOOD, KS / ACCESSWIRE / September 25, 2023 / TortoiseEcofin today announced a revision of timing of the removal of Magellan Midstream Partners, L.P. (NYSE:MMP) from the Tortoise MLP Index ® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by ONEOK, Inc. (NYSE:OKE).

News image

4 Safe Picks as a Hawkish Fed Spurs Sell-off on Wall Street

With Wall Street ending a tumultuous week amid a hawkish Fed outlook, investors should invest in safe stocks like Magellan Midstream Partners (MMP), Trinity Capital (TRIN), Runway Growth Finance (RWAY) & Postal Realty Trust (PSTL).

News image

ONEOK Announces Completion of Magellan Midstream Partners Acquisition

TULSA, Okla. , Sept. 25, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) (ONEOK) today announced that it has completed its acquisition of Magellan Midstream Partners, L.P.

News image

Magellan Holders Now Own ONEOK; There Are Better Values In The Space

Magellan Midstream holders have approved the acquisition deal by ONEOK, despite concerns over tax consequences. The deal will create a more diversified company, with ONEOK bringing natural gas and natural gas liquids to the table. The combined company is expected to generate about $6.1 billion in adjusted EBITDA in 2024, valuing it at roughly 10x 2024 EBITDA.

News image

TortoiseEcofin Announces Constituent Changes Due to Corporate Action

LEAWOOD, KS / ACCESSWIRE / September 22, 2023 / TortoiseEcofin today announced that Magellan Midstream Partners, L.P. (NYSE:MMP) will be removed from the Tortoise MLP Index ® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by ONEOK, Inc. (NYSE:OKE).

News image

Magellan Midstream (MMP) Unitholders OK ONEOK Merger Deal

The proposed transaction involves the acquisition of all outstanding units of Magellan Midstream (MMP) by ONEOK through a mixture of cash and stock.

News image

Magellan Midstream Unit Holders Back Deal With Oneok

The $19 billion transaction was was approved at a unit holder meeting Thursday, despite some investor opposition to the deal.

News image

Magellan Midstream holders approve $18.8 billion sale to ONEOK

Magellan Midstream Partners' unitholders on Thursday voted in favour of the U.S. pipeline operator's planned sale to larger peer ONEOK Inc for $18.8 billion.

News image

ONEOK Shareholders and Magellan Unitholders Approve Merger

Transaction to Close on September 25, 2023 TULSA, Okla. , Sept. 21, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P.

News image

Here's Why Magellan Midstream Partners (MMP) is a Strong Momentum Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

News image

Magellan Midstream Partners (MMP) is a Great Momentum Stock: Should You Buy?

Does Magellan Midstream Partners (MMP) have what it takes to be a top stock pick for momentum investors? Let's find out.

News image

Magellan Picks Up Support of Big Investor for Merger but Deal Outlook Remains Cloudy

ALPS Advisors, which runs a big ETF, backs Magellan's deal with Oneok but many retail investors oppose it. The vote is Thursday.

News image

The Massive Increase In U.S. Energy Production And Its Consequences For Investors

U.S. energy production has significantly increased in the past 15 years, with a shift towards becoming an oil exporter and increased natural gas, solar, and wind production. The increase in energy production has not been driven by demand, as energy consumption has remained relatively stable. The shift towards energy independence has positive implications for the U.S. economy, including reducing the trade deficit, strengthening the dollar, and enhancing national security.

News image

Bet on These 3 Energy Stocks With Juicy Dividend Yields

It is the ideal time for investors to allocate money to prospective energy stocks offering attractive dividend yields. Three such stocks are Magellan (MMP), Solaris (SOI) and CVR Energy (CVI).

News image

Magellan Appears to Be Winning Shareholder Backing for Oneok Deal

Magellan Midstream Partners has pressed its case for the $19 billion deal, citing strategic benefit and downplaying tax issues ahead of next week's vote.

News image

Magellan Midstream Declares Special Cash Distribution

TULSA, Okla. , Sept. 11, 2023 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.

News image

3 Energy Stocks Suited Nicely for Income Investors

Energy stocks have displayed momentum over the last month, with rising oil prices helping investors find interest in the realm. And with these three, investors can reap a passive income stream.

News image

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend ONEOK Shareholders Vote "FOR" Pending Acquisition of Magellan Midstream Partners

TULSA, Okla. , Sept. 7, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that the two leading proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co. (Glass Lewis), have recommended that ONEOK shareholders vote in favor of all proposals related to ONEOK's pending acquisition of Magellan Midstream Partners, L.P.

News image

Leading Independent Proxy Advisory Firm ISS Recommends Magellan Midstream Unitholders Vote "FOR" the Transaction with ONEOK

Follows recommendation from Glass Lewis that unitholders vote "FOR" the transaction TULSA, Okla. , Sept. 7, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

News image

Leading Independent Proxy Advisory Firm Glass Lewis Recommends Magellan Midstream Unitholders Vote "FOR" the Transaction with ONEOK

Magellan urges unitholders to vote "FOR" the pending merger today TULSA, Okla. , Sept. 7, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

News image

Magellan Releases New Details on Deal With Oneok; Here's 1 Red Flag Investors Should Watch

When a company agrees to be acquired, there's often a premium built into the takeout price. Investors usually bid a stock up toward the purchase offer.

News image

Enterprise and Magellan's Terminal Transfer Fee Waiver for ICE Midland WTI (HOU) Extended Through 2024 as HOU Trades at Record Levels During August

HOUSTON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that Enterprise Products Partners L.P. (NYSE: EPD) and Magellan Midstream Partners, L.P. (NYSE: MMP) have extended their fee waiver arrangement between the Enterprise Crude Houston (“ECHO”) and Magellan East Houston (“MEH”) terminals to transfer crude oil delivered through ICE's Midland WTI futures contract (ICE: HOU) until December 31,.

News image

After a Sour August, Expect a Weak September: 5 Safe Picks

Amid a dreary September, investors must buy stocks such as Centerspace (CSR), Magellan Midstream Partners (MMP), Invitation Home (INVH), Trinity Capital (TRIN) and Runway Growth Finance (RWAY) for a steady income.

News image

Magellan Midstream Files Investor Presentation Highlighting Benefits of Pending ONEOK Transaction

Transaction delivers full value to Magellan unitholders and provides unitholders with ownership in a stronger combined company Combined company better positioned to address secular risks and achieve strong growth and value creation over the long term Board carefully considered alternative opportunities, structures and tax implications Magellan urges unitholders to vote "FOR" the pending merger today TULSA, Okla. , Aug. 29, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

News image

Are Oils-Energy Stocks Lagging Magellan Midstream Partners (MMP) This Year?

Here is how Magellan Midstream Partners (MMP) and Seadrill (SDRL) have performed compared to their sector so far this year.

News image

Why Magellan Midstream Partners (MMP) is a Top Momentum Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

News image

Similar Companies

C
Crestwood Equity Partners LP

CEQP

Price: $28.26

Market Cap: $2.97B

E
Enbridge Inc.

ENB

Price: $46.89

Market Cap: $102.18B

E
Enterprise Products Partners L.P.

EPD

Price: $29.97

Market Cap: $64.91B

E
Energy Transfer LP

ET

Price: $16.87

Market Cap: $57.87B

H
Holly Energy Partners, L.P.

HEP

Price: $20.45

Market Cap: $2.59B

K
Kinder Morgan, Inc.

KMI

Price: $26.61

Market Cap: $59.12B

M
MPLX LP

MPLX

Price: $51.51

Market Cap: $52.66B

N
NuStar Energy L.P.

NS

Price: $21.96

Market Cap: $2.78B

O
ONEOK, Inc.

OKE

Price: $83.16

Market Cap: $51.94B

P
Plains All American Pipeline, L.P.

PAA

Price: $17.14

Market Cap: $12.06B

W
Western Midstream Partners, LP

WES

Price: $38.06

Market Cap: $14.51B

W
The Williams Companies, Inc.

WMB

Price: $59.08

Market Cap: $72.12B

Related Metrics

Explore detailed financial metrics and analysis for MMP.