Magellan Midstream Partners, L.P. (MMP)
|Net Income (ttm)||1.09B|
|Ex-Dividend Date||Nov 4, 2022|
|Day's Range||53.51 - 54.93|
|52-Week Range||44.79 - 60.55|
|Price Target||58.00 (+6.03%)|
|Earnings Date||Feb 2, 2023|
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]
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 Statements
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.
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.
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.
TULSA, Okla. , Jan. 24, 2023 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.
Although oil prices are prone to fluctuate, the rising earnings estimate revisions for these stocks are a great sign with several of these equities offering solid dividends to support patient investor...
TULSA, Okla. , Jan. 3, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.
TULSA, Okla. , Dec. 1, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
This article highlights three top midstream companies for investors to consider. Each offers a healthy dividend and a chance for some share price appreciation
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.
Magellan's (MMP) third-quarter earnings and revenues beat estimates due to solid segmental performances.
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 (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.
TULSA, Okla. , Oct. 27, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
TULSA, Okla. , Oct. 20, 2022 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.
TULSA, Okla. , Sept. 29, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
TULSA, Okla. , Sept. 27, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
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TULSA, Okla. , Aug. 31, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
TULSA, Okla. , Aug. 29, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.
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