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Magellan Midstream Partners, L.P. (MMP)

Stock Price: $44.71 USD 1.23 (2.83%)
Updated December 4, 4:00 PM EST - Market closed

MMP Stock Price Chart

Key Info

Market Cap 10.00B
Revenue (ttm) 2.58B
Net Income (ttm) 919.49M
Shares Out 225.22M
EPS (ttm) 4.05
PE Ratio 11.03
Forward PE 10.93
Dividend $4.11
Dividend Yield 9.19%

Stock Quote

Trading Day December 4
Last Price $44.71
Previous Close $43.48
Change ($) 1.23
Change (%) 2.83%
Day's Open 43.95
Day's Range 43.86 - 44.80
Day's Volume 1,014,506
52-Week Range 25.69 - 59.16

MMP Stock News

PRNewsWire - 1 day ago

TULSA, Okla., Dec. 3, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a question ...

PRNewsWire - 2 days ago

TULSA, Okla., Dec. 2, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $300 million of its 3.95% senior notes due 2050. The notes, which ar...

The Motley Fool - 4 days ago

Which of these midstream players is in a better position to reward investors with dividends, and which is safer? The answers may not be the same.

Other stocks mentioned: KMI
Zacks Investment Research - 6 days ago

Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock?

Seeking Alpha - 2 weeks ago

Kiplinger Investing periodically lists retirement tips. This 41 stock list comes from two articles. One by Brian Bollinger, updated 8/5/20, and another by Charles Lewis Sizemore, CFA, 7/2/19. ...

Other stocks mentioned: CVS, CVX, EBF, ENB, EPD, KMI, MNR, T, UGI, WPC, XOM
Seeking Alpha - 2 weeks ago

Magellan Midstream Partners, L.P. (MMP) Presents at RBC Midstream and Energy Infrastructure Conference (Transcript)

The Motley Fool - 3 weeks ago

For years the growth story was about building. With that seemingly off the table, what are midstream players going to do?

Other stocks mentioned: EPD, KMI, PAA
Seeking Alpha - 3 weeks ago

With a divided Congress, there are severe limitations to what a president-elect Biden could accomplish. This is the primary reason analysts believe the stock market has reacted with such a vig...

Other stocks mentioned: ENB, EPD, KMI, MLPX, OKE, PBA, PFE, TRP, WMB
PRNewsWire - 3 weeks ago

TULSA, Okla., Nov. 9, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it plans to participate in the following virtual investor conferences during Novem...

Zacks Investment Research - 3 weeks ago

Magellan Midstream's (MMP) distributable cash flow (DCF) of $258.8 million in the third quarter drops 15.6% from the year-ago level.

Seeking Alpha - 4 weeks ago

A seemingly never-ending series of bad news has caused many income investors to despair that midstreams will only move in one direction forever – down. But if you remember that intrinsic value...

InvestorPlace - 1 month ago

While many MLPs have had to cut distributions in the face of the pandemic, some are still strong prospects for any income investor. The post These 3 Energy MLPs Still Have Safe Distributions a...

Other stocks mentioned: EPD, NEP
The Motley Fool - 1 month ago

A strong balance sheet, shrinking capital spending needs, and relatively stable cash flows give it the confidence to maintain its big-time payout.

Seeking Alpha - 1 month ago

Magellan Midstream Partners LP (MMP) CEO Michael Mears on Q3 2020 Results - Earnings Call Transcript

GuruFocus - 1 month ago

The oil and gas market has experienced a turbulent period over the last six months. Oil prices have plunged despite continuous production cuts by OPEC.

Other stocks mentioned: PSXP, SHLX
PRNewsWire - 1 month ago

TULSA, Okla., Oct. 30, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today the publication of its inaugural sustainability report. "Magellan's first sustainabili...

Benzinga - 1 month ago

  Shares of Magellan Midstream (NYSE:MMP) decreased 0.2% in pre-market trading after the company reported Q3 results.

PRNewsWire - 1 month ago

TULSA, Okla., Oct. 30, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $211.6 million for third quarter 2020 compared to $273.0 million for thir...

Seeking Alpha - 1 month ago

This is the second in a series of articles discussing 3rd Quarter performance of my Regional Bank Portfolio.

Other stocks mentioned: ENB, ET, KMI, MPLX, OKE, PAA, TRP, WMB
Zacks Investment Research - 1 month ago

Magellan Midstream (MMP) faces a potential decline in volumes through its facilities, contributing to expectations for lower third-quarter profits.

Forbes - 1 month ago

We believe that there is a sizable upside in Magellan Midstream stock (NYSE: MMP) at the current price of $37, as it is down by 40% since the beginning of this year.

PRNewsWire - 1 month ago

TULSA, Okla., Oct. 22, 2020 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has declared a quarterly cash distribution of $1.0275 per unit for the perio...

Seeking Alpha - 1 month ago

Kiplinger Investing periodically lists retirement tips. This 41-stock list comes from two articles. One by Brian Bollinger, updated 8/5/20 and another by Charles Lewis Sizemore, CFA, 7/2/19. A...

Other stocks mentioned: CVS, CVX, ENB, EPD, IP, KMI, LTC, PBA, PSA, T, TD, UGI, WPC, XOM
The Motley Fool - 1 month ago

Both of these energy sector midstream players have big, fat yields -- but one is better positioned to maintain its payout.

Other stocks mentioned: EPD
Seeking Alpha - 1 month ago

The debt is investment grade.

The Motley Fool - 1 month ago

Even these top yielders couldn't escape an industry downturn.

Other stocks mentioned: MPLX, PAA
Zacks Investment Research - 1 month ago

Midstream players are reportedly ready to accept lower fees so that shippers continue to use their pipeline networks to transport oil to the Gulf coast from Texas.

Other stocks mentioned: ET, KMI
The Motley Fool - 1 month ago

Several pipeline operators in Texas are offering discounts to bolster their volumes.

Other stocks mentioned: ET, KMI
The Motley Fool - 2 months ago

The may both be midstream players, but they're very different in some fundamental ways.

Other stocks mentioned: ENB
PRNewsWire - 2 months ago

TULSA, Okla., Oct. 1, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for third quarter 2020 before the market opens on Fri., Oct. 30. Ma...

Reuters - 2 months ago

U.S. pipeline companies are sweetening terms in a competition to keep producers using their lines as the industry downturn caused by the coronavirus pandemic means there is less oil to transport.

Other stocks mentioned: EPD, ET
InvestorPlace - 2 months ago

It may not be for several years energy stocks retrace their pre-pandemic price levels. But, with high-yields while you wait, and the opportunity for long-term upside, consider these five MLPs ...

Other stocks mentioned: EPD, PSXP, SPH, SUN
Seeking Alpha - 2 months ago

Magellan Midstream Partners: This 12.2% Yielder Is A Conviction Buy At Its Current Price

The Motley Fool - 2 months ago

Top energy stocks are trading at much lower levels compared to the start of the year, presenting attractive buying opportunities.

Other stocks mentioned: EPD, MPLX
The Motley Fool - 2 months ago

These two high-yielding master limited partnerships go head-to-head.

Other stocks mentioned: NS
Seeking Alpha - 2 months ago

At first glance, analysts can see some eerie similarities between Magellan Midstream Partners' and Realty Income's valuations from yesteryear.

Seeking Alpha - 2 months ago

Magellan Midstream Partners: Double-Digit Yield Secured

Seeking Alpha - 2 months ago

Magellan Midstream Partners, L.P. (MMP) Management Presents at Barclays CEO Energy-Power Conference (Transcript)

PRNewsWire - 3 months ago

TULSA, Okla., Sept. 3, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Zacks Investment Research - 3 months ago

Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock?

The Motley Fool - 3 months ago

These two high-yield energy names are out of favor today, but very likely to survive through the current downturn. Is one a better buy?

Other stocks mentioned: XOM
Zacks Investment Research - 3 months ago

Magellan Midstream's (MMP) distributable cash flow (DCF) of $209.5 million in the second quarter drops 33.4% from the year-ago level.

The Motley Fool - 4 months ago

While the metrics are getting tighter, there's some light at the end of the tunnel.

Seeking Alpha - 4 months ago

Magellan Midstream Partners' (MMP) CEO Mike Mears on Q2 2020 Results - Earnings Call Transcript

InvestorPlace - 4 months ago

Analysts are heavily debating the outlook for natural gas stocks in 2020. These three stocks offer value for long-term investors

Other stocks mentioned: APA, KMI
PRNewsWire - 4 months ago

TULSA, Okla., July 30, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P.

The Motley Fool - 4 months ago

These two high-yielding energy companies go head-to-head.

Other stocks mentioned: KMI
PRNewsWire - 4 months ago

TULSA, Okla., July 23, 2020 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.

Zacks Investment Research - 4 months ago

Investing in companies with an earnings beat potential can fetch handsome returns for investors. This is because a stock generally surges on an earnings beat.

Other stocks mentioned: CPG, ENB, HP, NOV
InvestorPlace - 4 months ago

Natural gas is down bad for 2020, meaning big upside potential, if they recover. Here are 9 natural gas stocks to watch for bold investors.

Other stocks mentioned: APA, COG, EPD, EQT, LNG, PBA, PSXP, RDS.A, RDS.B

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. The company operates through Refined Products, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services,... [Read more...]

Industry
Oil & Gas Midstream
IPO Date
Feb 6, 2001
CEO
Michael Mears
Employees
1,884
Stock Exchange
NYSE
Ticker Symbol
MMP
Full Company Profile

Financial Performance

In 2019, MMP's revenue was $2.73 billion, a decrease of -3.49% compared to the previous year's $2.83 billion. Earnings were $1.02 billion, a decrease of -23.47%.

Financial Statements

Analyst Forecasts

The average 12-month stock price forecast for MMP is 49.24, which is an increase of 10.13% from the latest price.

Price Target
$49.24
(10.13% upside)