Key Developments: Magellan Midstream Partners LP (MMP)
53.93USD
23 May 2013
$-0.44 (-0.81%)
$54.37
$53.99
$54.00
$53.21
479,565
566,098
$56.29
$33.31
Latest Key Developments (Source: Significant Developments)
Magellan Midstream Partners LP Raises FY 2013 EPS Guidance; Issues Q2 2013 EPS Guidance Below Analysts' Estimates
Magellan Midstream Partners LP announced that including actual results for first quarter, net income per limited partner unit is estimated to be $2.25 for fiscal 2013, with second-quarter 2013 guidance of $0.52. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.21 for fiscal 2013 and $0.55 for second quarter of 2013. Full Article
Magellan Midstream Partners LP Increases Quarterly Cash Distribution To 50.75 Cents
Magellan Midstream Partners LP announced that it has increased the partnership's quarterly cash distribution to 50.75 cents per unit for the period Janurary 1, 2012 through March 31, 2013. The new distribution, which equates to $2.03 per unit on an annualized basis, will be paid May 15, 2013 to unitholders of record at the close of business on May 8, 2013. Full Article
Magellan Midstream Partners LP Issues FY, Q1 2013 EPS Guidance Below Analysts' Estimates
Magellan Midstream Partners LP announced that for fiscal 2013, it expects net income per limited partner unit (EPS) to be $2.20, with first-quarter guidance of 2013, of 45 cents. Guidance excludes future NYMEX MTM adjustments on the partnership's commodity-related activities. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.21 for fiscal 2013 and $0.49 for the first quarter of 2013. Full Article
Magellan Midstream Partners LP Increases Quarterly Cash Distribution To 50 Cents
Magellan Midstream Partners LP announced that it has increased the partnership's quarterly cash distribution to 50 cents per unit for the period Oct. 1 through Dec. 31, 2012. Full Article
Magellan Midstream Partners LP Prices $250 Million, 30-Year Debt Offering
Magellan Midstream Partners LP announced that it has priced a $250 million public offering of 4.20% senior notes due Dec. 1, 2042 at a price of approximately 99.338% of par to yield 4.239% to maturity. The partnership intends to use the net proceeds from this offering of approximately $245.7 million, after underwriting discounts and estimated offering expenses, for general partnership purposes, including capital expenditures and investments in interest bearing securities or accounts. The offering is expected to close on Nov. 9, 2012 and is subject to customary closing conditions. Barclays Capital Inc., Deutsche Bank Securities Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC are joint book-running managers for the debt offering, with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc., PNC Capital Markets LLC, UBS Securities LLC and U.S. Bancorp Investments, Inc. acting as co-managers. Full Article
Magellan Midstream Partners LP Lowers FY 2012 EPS Guidance; Issues Q4 2012 EPS Guidance Above Analysts' Estimates
Magellan Midstream Partners LP announced that for fiscal 2012, it expects net income per limited partner unit (EPS) to be $1.93 for 2012, resulting in fourth-quarter of 2012 guidance of 68 cents. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.00 for fiscal 2012 and EPS of $0.55 for the fourth quarter of 2012. Full Article
Magellan Midstream Partners LP Raises FY 2012 EPS Guidance; Issues Q3 2012 EPS Guidance
Magellan Midstream Partners LP announced that net income per limited partner unit is estimated to be $3.90 for fiscal 2012, with the third quarter 2012 guidance of $0.76. Guidance excludes future NYMEX MTM adjustments on the partnership's commodity-related activities. Full Article
Magellan Midstream Partners LP Increases Quarterly Cash Distribution To $0.9425
Magellan Midstream Partners LP announced that it has significantly increased the partnership's quarterly cash distribution to $0.9425 per unit for the period April 1 through June 30, 2012. Full Article
Magellan Midstream Partners LP Reaffirms FY 2012 EPS Guidance; Issues Q2 2012 EPS Guidance
Magellan Midstream Partners LP announced that net income per limited partner unit is estimated to be $3.75 for fiscal 2012, with second-quarter 2012 guidance of $0.83. Guidance assumes no future NYMEX MTM adjustments on the partnership's commodity-related activities. Full Article
Magellan Midstream Partners LP Raises Quarterly Cash Distribution To $0.84
Magellan Midstream Partners LP announced that the board of directors of the Company have increased the partnership's quarterly cash distribution to$0.84 per unit for the period January 1m through March 31, 2012. The first-quarter 2012 distribution is 9% higher than the first-quarter 2011 distribution of $0.77 per unit and represents a 3% increase over the fourth-quarter 2011 distribution of $0.815. The new distribution, which equates to $3.36 per unit on an annualized basis, will be paid May 15, to unitholders of record at the close of business on May 8. Full Article
UPDATE 2-Magellan mulls products pipeline in Arkansas
* Line to supply distillates after separate Enterprise line shuts
Earnings vs. 
Estimates
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