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Magellan Midstream Partners, L.P.

MMP.N

Latest Trade

60.28USD

Change

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Today's Range

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52 Week Range

54.29

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67.75

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
60.28
Open
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Volume
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3M AVG Volume
17.20
Today's High
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Today's Low
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52 Week High
67.75
52 Week Low
54.29
Shares Out (MIL)
228.40
Market Cap (MIL)
13,896.06
Forward P/E
14.04
Dividend (Yield %)
6.71

Next Event

Q4 2019 Magellan Midstream Partners LP Earnings Release

Latest Developments

More

Magellan Midstream Reports Q3 Results

Magellan Midstream Increases Quarterly Cash Distribution To $1.02

Magellan Midstream Prices $500 Million Debt Offering Due 2050

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About Magellan Midstream Partners, L.P.

Magellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company operates through three segments: refined products, crude oil and marine storage. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

Industry

Oil Well Services & Equipment

Contact Info

One Williams Center, Md 28-1

+1.918.5747000

http://www.magellanlp.com

Executive Leadership

Michael N. Mears

Chairman of the Board, President, Chief Executive Officer of Magellan GP, LLC

Jeffrey L. Holman

Chief Financial Officer, Senior Vice President of the Magellan GP, LLC

Aaron L. Milford

Chief Operating Officer, Senior Vice President of the Magellan GP, LLC

Douglas J. May

SVP, General Counsel, Compliance and Ethics Officer and Assistant Secretary of Magellan GP, LLC

Lisa J. Korner

Senior Vice President - Human Resources & Administration of Magellan GP, LLC

Key Stats

2.43 mean rating - 21 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2016

2.2K

2017

2.5K

2018

2.8K

2019(E)

2.9K
EPS (USD)

2016

3.520

2017

3.730

2018

5.840

2019(E)

4.334
Price To Earnings (TTM)
13.28
Price To Sales (TTM)
4.87
Price To Book (MRQ)
5.20
Price To Cash Flow (TTM)
10.43
Total Debt To Equity (MRQ)
175.95
LT Debt To Equity (MRQ)
175.95
Return on Investment (TTM)
14.79
Return on Equity (TTM)
13.12

Latest News

Latest News

Magellan Midstream to redesign proposed Voyager crude pipeline

Magellan Midstream Partners LP will redesign a major oil pipeline proposal to lower costs following an open season to solicit shipper interest ended in August, Chief Executive Michael Mears told investors on Thursday.

Magellan Midstream to redesign proposed Voyager pipeline project

Pipeline operator Magellan Midstream Partners LP will redesign a major pipeline proposal to lower costs following an open season to solicit shipper interest ended in August, Chief Executive Michael Mears told investors on Thursday.

Magellan plans to boost Saddlehorn pipeline capacity

Pipeline operator Magellan Midstream Partners LP said on Thursday it plans to add 100,000 barrels per day of capacity to the Saddlehorn pipeline that runs from Colorado to the main U.S. storage hub in Cushing, Oklahoma.

ICE, Magellan to offer dock capacity to Houston oil futures customers

Intercontinental Exchange Inc and Magellan Midstream Partners LP said on Wednesday they would auction dock capacity at Magellan's terminals in Galena Park and Seabrook, Texas, for holders of ICE's Permian West Texas Intermediate (WTI) crude futures contracts.

Magellan Midstream sees new Texas pipelines cutting spot shipments after third quarter - CEO

Pipeline operator Magellan Midstream Partners LP expects new pipelines to ease a crude oil bottleneck in the Permian basin and squeeze the price differential between Midland, Texas, and Houston, cutting spot shipments on two of its Texas pipelines, Chief Executive Officer...

Magellan Midstream expects crude spot shipments to fade after Q3 -CEO

Pipeline operator Magellan Midstream Partners LP expects three new pipelines to ease a crude oil bottleneck in the Permian basin and squeeze the price differential between Midland, Texas, and Houston, cutting spot shipments on two of its Texas pipelines, executives told...

Pipeline operator Magellan Midstream's earnings firm on rising volumes, fees

Pipeline operator Magellan Midstream Partners LP's <MMP.N> profits rose in the second quarter because of increased tariff rates on pipelines for refined products and stronger commodity prices, the company said on Thursday.

Magellan Midstream Q2 earnings beat Wall Street estimate

Pipeline operator Magellan Midstream Partners LP's profits rose in the second quarter because of increased tariff rates on pipelines for refined products and stronger commodity prices, the company said on Thursday.

Magellan Midstream seeks sale of stake in Longhorn crude pipeline: sources

U.S. pipeline operator Magellan Midstream Partners is exploring the sale of a 35% stake in its Longhorn crude oil pipeline in Texas for as much as $2 billion, four people familiar with the matter said on Tuesday.

Magellan 'optimistic' on Cushing-to-Houston pipeline with Midland origin: CEO

Magellan Midstream Partners LP believes a proposed Midland origin point will attract sufficient commitments from shippers to proceed with a long-haul crude pipeline from the U.S. oil storage hub in Cushing, Oklahoma, to Houston, Chief Executive Michael Mears said on Wednesday...

Magellan 'optimistic' on Cushing-to-Houston pipeline with Midland origin -CEO

Magellan Midstream Partners LP believes a proposed Midland origin point will attract sufficient commitments from shippers to proceed with a long-haul pipeline from the U.S. oil storage hub in Cushing, Oklahoma, to Houston, Chief Executive Michael Mears said on Wednesday.

Magellan weighs adding West Texas origin to Cushing-to-Houston pipeline

Magellan Midstream Partners LP will evaluate adding a new origin point near Midland, Texas, as it extends an open season of its proposed Voyager crude pipeline from the Cushing, Oklahoma storage hub to Houston, the company said on Friday.

Magellan cancels plan for short-haul oil pipeline in West Texas

Magellan Midstream Partners LP has canceled plans to develop a stand-alone crude pipeline West Texas, the area of the nation's top oil field as it considers a lower-cost project for the same region, an executive said on Thursday.

Magellan adds Freeport, Texas to possible spots for deepwater terminal

(This Jan 24 story corrects second paragraph to show Roles' title is vice president, not senior vice president)

CORRECTED-UPDATE 2-Magellan eyes Freeport, Texas as spot for crude export terminal

Magellan Midstream Partners LP has begun talks with companies developing crude transportation assets in Freeport, Texas, as it considers building a U.S. crude export terminal there instead of its previously planned spot off Corpus Christi, an executive said on Thursday.

Magellan jumps into race to build U.S. Gulf Coast oil export terminal

Magellan Midstream Partners LP on Thursday became the latest company to join a crowded group looking to build an oil export terminal on the U.S. Gulf Coast designed to load supertankers.

Magellan projects Permian Gulf Coast pipeline cost at $2 billion

Magellan Midstream Partners LP on Wednesday projected it would spend about $2 billion to construct a proposed crude oil pipeline from the Permian Basin in West Texas to the U.S. Gulf Coast.

UPDATE 1-Magellan Midstream Partners profit beats expectations

Magellan Midstream Partners LP on Thursday reported quarterly profit that topped analyst expectations, driven by higher demand for its crude oil and refined products pipelines.

Magellan Midstream Partners Q2 earnings beats expectations

Magellan Midstream Partners LP reported second-quarter profit on Thursday of $214.4 million, up 2 percent from the same period a year ago amid higher demand for crude oil and refined products pipelines.

UPDATE 3-Energy Transfer Partners restores power to West Texas facility

Pipeline operator Energy Transfer Partners LP has restored power to a pumping station in West Texas and was in the process of restarting operations on two crude pipelines impacted by an outage following storms, a company spokeswoman said on Friday.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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