Key Developments: Magellan Midstream Partners LP (MMP)

MMP on New York Consolidated

82.90USD
22 Aug 2014
Price Change (% chg)

$-0.67 (-0.80%)
Prev Close
$83.57
Open
$83.55
Day's High
$83.75
Day's Low
$82.51
Volume
413,706
Avg. Vol
485,017
52-wk High
$86.72
52-wk Low
$51.93

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Latest Key Developments (Source: Significant Developments)

Magellan Midstream Partners LP gives Q3 2014 EPS outlook below analysts' estimates
Wednesday, 6 Aug 2014 08:30am EDT 

Magellan Midstream Partners LP:Expects Q3 2014 EPS guidance of $0.62.Guidance excludes future MTM adjustments on the partnership's commodity-related activities.Q3 2014 EPS of $0.66 - Thomson Reuters I/B/E/S.  Full Article

Magellan Midstream Partners LP increases quarterly cash distribution to 64 cents
Wednesday, 23 Jul 2014 08:00pm EDT 

Magellan Midstream Partners LP:Increases the partnership’s quarterly cash distribution to 64 cents per unit for the period April 1 through June 30.Says the new distribution, which equates to $2.56 per unit on an annualized basis, will be paid Aug. 14 to unitholders of record at the close of business on Aug. 4.  Full Article

Magellan Midstream Partners LP raises FY 2014 EPS outlook; gives Q2 2014 EPS outlook above analysts' estimates
Tuesday, 6 May 2014 08:30am EDT 

Magellan Midstream Partners LP:Expects FY 2014 net income per limited partner unit to be $3.25.Expects Q2 2014 net income per limited partner unit to be $0.72.FY 2014 EPS of $2.89 - Thomson Reuters I/B/E/S.Q2 2014 EPS of $0.70 -Thomson Reuters I/B/E/S.  Full Article

Magellan Midstream Partners increases quarterly cash distribution
Thursday, 24 Apr 2014 09:16am EDT 

Magellan Midstream Partners LP:Increases partnership's quarterly cash distribution to 61.25 cents per unit for the period Jan. 1 through March 31.  Full Article

Magellan Midstream Partners LP prices $250 mln debt offering
Tuesday, 25 Feb 2014 03:26pm EST 

Magellan Midstream Partners LP:Prices $250 mln of its 5.15 pct senior notes due 2043.Says it intends to use the net proceeds of about $255 mln, to repay borrowings outstanding under its revolving credit facility and for general partnership purposes.Says offering is expected to close on Mar. 4.Wells Fargo Securities, LLC, Barclays Capital Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S. Bancorp Investments, Inc. are joint book-running managers.Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC and SunTrust Robinson Humphrey, Inc. acting as co-managers.  Full Article

Magellan Midstream Partners LP issues Q1, FY 2014 EPS guidance above analysts' estimates
Wednesday, 5 Feb 2014 08:15am EST 

Magellan Midstream Partners LP:Expects Q1 2014 EPS of $0.70.Expects FY 2014 EPS of $2.90.Q1 2014 EPS of $0.66 - Thomson Reuters I/B/E/S.FY 2014 EPS of $2.83 - Thomson Reuters I/B/E/S.  Full Article

Magellan Midstream Partners LP increases quarterly cash distribution to $0.585
Tuesday, 28 Jan 2014 04:15pm EST 

Magellan Midstream Partners LP:Says its board of directors has increased the partnership's quarterly cash distribution to $0.585 per unit for the period Oct. 1 through Dec. 31, 2013, representing the 47th distribution increase since its initial public offering in 2001.  Full Article

Magellan Midstream Partners LP Closes Rocky Mountain Pipeline Assets Acquisition From Plains All American Pipeline, L.P.
Friday, 15 Nov 2013 12:52pm EST 

Magellan Midstream Partners, L.P. announced that it has closed on its previously-announced acquisition of Rocky Mountain pipeline assets from Plains All American Pipeline, L.P. The pipeline system includes approximately 550 miles of common carrier pipeline that distributes refined petroleum products in Colorado, South Dakota and Wyoming. The system includes 4 terminals with nearly 1.7 million barrels of storage. Magellan funded the $135 million purchase price primarily with proceeds from the partnership's recent debt offering.  Full Article

Magellan Midstream Partners LP Names Future Chief Financial Officer
Tuesday, 12 Nov 2013 09:15am EST 

Magellan Midstream Partners, L.P. announced that Michael Osborne will join the partnership to replace John Chandler, current Chief Financial Officer, upon Chandler's previously-announced departure from the Company on March 31, 2014.  Full Article

Magellan Midstream Partners LP Raises FY 2013 EPS Guidance
Thursday, 31 Oct 2013 08:30am EDT 

Magellan Midstream Partners LP announced that for fiscal 2013, it expects net income per limited partner unit is estimated to be $2.54. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.49 for fiscal 2013.  Full Article

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