Magellan Midstream Partners, L.P. (MMP)
| Market Cap | 10.14B |
| Revenue (ttm) | 2.54B |
| Net Income (ttm) | 922.25M |
| Shares Out | 213.44M |
| EPS (ttm) | 4.15 |
| PE Ratio | 11.46 |
| Forward PE | 10.36 |
| Dividend | $4.12 (8.67%) |
| Ex-Dividend Date | Nov 4, 2021 |
| Volume | 1,042,755 |
| Open | 47.75 |
| Previous Close | 47.99 |
| Day's Range | 47.00 - 48.16 |
| 52-Week Range | 39.93 - 53.85 |
| Beta | 1.11 |
| Analysts | Hold |
| Price Target | 53.37 (+12.3%) |
| Earnings Date | Feb 2, 2022 |
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 and Crude Oil segments. It operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling d...
Financial Performance
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for MMP stock is "Hold." The 12-month stock price forecast is 53.37, which is an increase of 12.33% from the latest price.
News
Magellan Midstream to Announce Fourth-Quarter 2021 Financial Results on Feb. 2
TULSA, Okla., Jan. 4, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
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Midstream Energy Firms Plow Soaring Cash Flows Into Buybacks
Higher commodity prices have made midstream energy operators financially stronger and healthier. This has allowed the likes of EPD, MPLX, MMP, PAA and WES to increase stockholder returns through buybacks.
Magellan Midstream Extends Open Season for Potential Kansas-to-Colorado Refined Products Pipeline Expansion to Dec. 22
TULSA, Okla., Dec. 15, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
3 Oil & Gas Pipeline Stocks to Watch Amid Challenging Industry
Lower production volumes of the commodities owing to dented fuel demand and conservative capital spending by upstream players have hurt demand for partnerships' midstream assets. EPD, ET and MMP are sur...
Magellan Midstream to Participate in Wells Fargo Virtual Investor Conference
TULSA, Okla., Dec. 6, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream (MMP) Down 10% Since Last Earnings Report: Can It Rebound?
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock?
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Magellan (MMP) Stock Barely Moves Despite Q3 Earnings Beat
Magellan Midstream's (MMP) distributable cash flow (DCF) of $277 million in the third quarter rises 6.9% from the year-ago level.
Magellan Midstream Launches Open Season for Potential Kansas-to-Colorado Refined Products Pipeline Expansion
TULSA, Okla., Nov. 18, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
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This Tiny Move Is a Huge Statement by Magellan Midstream
Magellan Midstream is trying to put investor concerns to rest about one of the most important things it does. Here's what you need to know.
Magellan Midstream Reports Third-Quarter 2021 Financial Results and Raises 2021 Annual Guidance
TULSA, Okla., Nov. 2, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream Increases Quarterly Cash Distribution to $1.0375, Announces Completion of Previous Equity Repurcha...
TULSA, Okla., Oct. 20, 2021 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.
Magellan Midstream to Announce Third-Quarter 2021 Financial Results on Nov. 2
TULSA, Okla., Sept. 30, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
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Midstream Buybacks Gain Traction on Free Cash Flow Recovery
The favorable macro environment has helped midstream energy operators like MPLX, PAA, and MMP to generate significant "excess cash", which they have been using to increase stockholder returns through bu...
Magellan Midstream to Participate in Barclays Virtual Investor Conference
TULSA, Okla., Sept. 2, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream to Participate in Goldman Sachs Virtual Investor Conference
TULSA, Okla., Aug. 9, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan (MMP) Stock Barely Moves Despite Q2 Earnings Beat
Magellan Midstream's (MMP) distributable cash flow (DCF) of $268 million in the second quarter rises 27.9% from the year-ago level.