Magellan Midstream Partners, L.P. (MMP)
| Market Cap | 11.21B |
| Revenue (ttm) | 3.15B |
| Net Income (ttm) | 1.09B |
| Shares Out | 204.94M |
| EPS (ttm) | 5.18 |
| PE Ratio | 10.56 |
| Forward PE | 10.38 |
| Dividend | $4.16 (7.61%) |
| Ex-Dividend Date | Nov 4, 2022 |
| Volume | 1,514,610 |
| Open | 54.70 |
| Previous Close | 54.56 |
| Day's Range | 53.51 - 54.93 |
| 52-Week Range | 44.79 - 60.55 |
| Beta | 0.94 |
| Analysts | Buy |
| Price Target | 58.00 (+6.03%) |
| Earnings Date | Feb 2, 2023 |
About 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, mil... [Read more]
Financial Performance
In 2021, MMP's revenue was $2.73 billion, an increase of 17.70% compared to the previous year's $2.32 billion. Earnings were $982.00 million, an increase of 20.20%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for MMP stock is "Buy." The 12-month stock price forecast is $58.0, which is an increase of 6.03% from the latest price.
News
Magellan Midstream Reports Fourth-Quarter 2022 Financial Results
Guides to 2023 Annual Net Income of $975 Million and Distributable Cash Flow of $1.18 Billion TULSA, Okla. , Feb. 2, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Is Magellan (MMP) Poised for Another Earnings Beat in Q4?
Higher refined products' tariffs and an increase in fee-based revenues are likely to have boosted Magellan Midstream's (MMP) profit levels in the fourth quarter.
Magellan Midstream Declares Cash Distribution of $1.0475 for Fourth Quarter 2022
TULSA, Okla. , Jan. 24, 2023 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.
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Magellan Midstream to Announce Fourth-Quarter 2022 Financial Results on Feb. 2
TULSA, Okla. , Jan. 3, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream to Participate in Wells Fargo Midstream and Utilities Symposium
TULSA, Okla. , Dec. 1, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
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3 Oil & Gas Pipeline Stocks to Gain Amid a Challenging Industry
Conservative capital spending by upstream players and possibilities for soft fuel demand could hurt demand for partnerships' midstream assets. EPD, ET and MMP are surviving the industry challenges.
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The strength in the economy indicates that Fed actions will continue, so it's better to go for safer stocks.
Magellan (MMP) Q3 Earnings & Sales Beat Estimates, Dividend Up
Magellan's (MMP) third-quarter earnings and revenues beat estimates due to solid segmental performances.
All You Need to Know About Magellan Midstream (MMP) Rating Upgrade to Buy
Magellan Midstream (MMP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Magellan Midstream Partners, L.P. (MMP) Soars to 52-Week High, Time to Cash Out?
Magellan Midstream (MMP) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Magellan Midstream Reports Third-Quarter 2022 Financial Results, Raises 2022 Annual Guidance
TULSA, Okla. , Oct. 27, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream Increases Cash Distribution to $1.0475 for Third Quarter 2022
TULSA, Okla. , Oct. 20, 2022 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.
Magellan Midstream to Announce Third-Quarter 2022 Financial Results on Oct. 27
TULSA, Okla. , Sept. 29, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream to Participate in Wolfe Research Virtual Investor Conference
TULSA, Okla. , Sept. 27, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
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Magellan Midstream's 2021 Schedule K-3 Now Available
TULSA, Okla. , Aug. 31, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream to Expand Refined Products Pipeline System to El Paso
TULSA, Okla. , Aug. 29, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
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