Key Developments: Magellan Midstream Partners LP (MMP)

MMP on New York Consolidated

86.45USD
21 Nov 2014
Price Change (% chg)

$-2.67 (-3.00%)
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$89.12
Open
$89.12
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$90.08
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$85.85
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$90.08
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Latest Key Developments (Source: Significant Developments)

Magellan Midstream Partners LP to acquire 40-Mile Houston Crude Oil Distribution System from BridgeTex Pipeline
Thursday, 6 Nov 2014 06:35am EST 

Magellan Midstream Partners LP:To acquire a 40-mile crude oil pipeline system in the Houston Gulf Coast area from BridgeTex Pipeline company, LLC, a company owned jointly by Magellan and Occidental Petroleum Corp.  Full Article

Magellan Midstream Partners LP gives FY, Q4 2014 EPS outlook above analysts' estimates
Friday, 31 Oct 2014 08:31am EDT 

Magellan Midstream Partners LP:Says net income per limited partner unit is estimated to be $3.50 for FY 2014, which results in Q4 2014 guidance of $0.92.FY 2014 EPS of $3.31 - Thomson Reuters I/B/E/S.Q4 2014 EPS of $0.91 - Thomson Reuters I/B/E/S.  Full Article

Magellan Midstream Partners LP increases quarterly cash distribution to 66.75 cents
Wednesday, 22 Oct 2014 09:13am EDT 

Magellan Midstream Partners LP:increases quarterly cash distribution to 66.75 cents per unit for the period July 1 through Sept. 30, 2014.Represents a 4 pct increase over the second-quarter 2014 distribution of 64 cents.Distribution will be paid Nov. 14 to unitholders of record at the close of business on Nov. 7.  Full Article

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 expects strong returns on BridgeTex pipeline

NEW YORK - (This story filed on Sept. 2 item, corrects headline, commitment level in first paragraph, replaces last paragraph on open seasons to promote shipper with new second paragraph)

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