Magellan Midstream Partners, L.P. (MMP)
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
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 ...
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...
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.
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock?
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. ...
Magellan Midstream Partners, L.P. (MMP) Presents at RBC Midstream and Energy Infrastructure Conference (Transcript)
For years the growth story was about building. With that seemingly off the table, what are midstream players going to do?
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...
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...
Magellan Midstream's (MMP) distributable cash flow (DCF) of $258.8 million in the third quarter drops 15.6% from the year-ago level.
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...
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...
A strong balance sheet, shrinking capital spending needs, and relatively stable cash flows give it the confidence to maintain its big-time payout.
Magellan Midstream Partners LP (MMP) CEO Michael Mears on Q3 2020 Results - Earnings Call Transcript
Magellan Midstream Partners LP (MMP) CEO Michael Mears on Q3 2020 Results - Earnings Call Transcript
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.
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...
Shares of Magellan Midstream (NYSE:MMP) decreased 0.2% in pre-market trading after the company reported Q3 results.
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...
This is the second in a series of articles discussing 3rd Quarter performance of my Regional Bank Portfolio.
Magellan Midstream (MMP) faces a potential decline in volumes through its facilities, contributing to expectations for lower third-quarter profits.
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.
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...
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...
Both of these energy sector midstream players have big, fat yields -- but one is better positioned to maintain its payout.
Even these top yielders couldn't escape an industry downturn.
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.
Several pipeline operators in Texas are offering discounts to bolster their volumes.
The may both be midstream players, but they're very different in some fundamental ways.
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...
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.
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 ...
Magellan Midstream Partners: This 12.2% Yielder Is A Conviction Buy At Its Current Price
Top energy stocks are trading at much lower levels compared to the start of the year, presenting attractive buying opportunities.
At first glance, analysts can see some eerie similarities between Magellan Midstream Partners' and Realty Income's valuations from yesteryear.
Magellan Midstream Partners: Double-Digit Yield Secured
Magellan Midstream Partners, L.P. (MMP) Management Presents at Barclays CEO Energy-Power Conference (Transcript)
TULSA, Okla., Sept. 3, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock?
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?
Magellan Midstream's (MMP) distributable cash flow (DCF) of $209.5 million in the second quarter drops 33.4% from the year-ago level.
While the metrics are getting tighter, there's some light at the end of the tunnel.
Magellan Midstream Partners' (MMP) CEO Mike Mears on Q2 2020 Results - Earnings Call Transcript
Analysts are heavily debating the outlook for natural gas stocks in 2020. These three stocks offer value for long-term investors
TULSA, Okla., July 30, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P.
TULSA, Okla., July 23, 2020 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.
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.
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 |
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%.
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.