Magellan Midstream Partners, L.P. (MMP)
| Market Cap | 9.62B |
| Revenue (ttm) | 2.43B |
| Net Income (ttm) | 816.97M |
| Shares Out | 225.50M |
| EPS (ttm) | 3.62 |
| PE Ratio | 12.12 |
| Forward PE | 11.10 |
| Dividend | $4.11 |
| Dividend Yield | 9.37% |
| Trading Day | February 24 |
| Last Price | $43.86 |
| Previous Close | $43.09 |
| Change ($) | 0.77 |
| Change (%) | 1.79% |
| Day's Open | 43.41 |
| Day's Range | 42.81 - 43.89 |
| Day's Volume | 2,067,622 |
| 52-Week Range | 19.87 - 52.77 |
When looking at two of the midstream sector's most conservative names, one stands out as the better buy. Here's what you need to know.
By Robert Ross A rare snowstorm ripped across Texas over this weekend. But snowplows in Texas are about as rare as white sand beaches in Ohio.
Magellan Midstream Partners expects to maintain its big-time payout this year.
Magellan Midstream's (MMP) distributable cash flow (DCF) of $269.7 million in the fourth quarter drops 24.6% from the year-ago level.
Magellan Midstream Partners, L.P. (MMP) CEO Mike Mears on Q4 2020 Results - Earnings Call Transcript
Magellan Midstream Partners, L.P. (MMP) CEO Mike Mears on Q4 2020 Results - Earnings Call Transcript
Shares of Magellan Midstream (NYSE:MMP) rose 0.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 28.24% over the past year to $0.94...
HOUSTON--(BUSINESS WIRE)--Magellan Midstream Partners, L.P. (NYSE: MMP) and Enterprise Products Partners L.P. (NYSE:EPD) today announced that affiliates of the two companies have entered into ...
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President Biden And MLPs: Unlikely Bedfellows
Even the highest-quality MLPs are on sale in today's stock market. Enterprise Products Partners and Magellan Midstream Partners are top-quality operators with world-class assets that currently...
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TULSA, Okla., Jan. 4, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2020 before the market opens on Tues., Feb. 2. M...
Spurred by expectations for rising fuel demand as the U.S. works to expand its pandemic aid payments and a final Brexit deal is anticipated to stabilize trade between the U.K. and Europe in 20...
Both of these midstream partnerships are financially strong, but one is better positioned for the headwinds facing the industry today.
Final Trades: Magellan Midstream, Alphabet, First Solar & more
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After suffering a frightening crash in March, midstream has been red-hot since the market bottomed on October 28. November's blockbuster results were followed by a 9% weekly rally.
Magellan Midstream Partners, L.P. (MMP) CEO Michael Mears Presents at Wells Fargo Midstream and Utility Symposium (Transcript)
The Magellan Midstream (MMP) tank farm consists of 60 storage tanks and a small refinery, all of which are thankfully spared by the blaze.
Just because the S&P 500 is 40% historically overvalued, doesn't mean you can't still find plenty of Buffett style "fat pitch" high-yield blue-chip bargains. 9/12 quality blue-chip BTI yields ...
Investors breathed a sigh of relief last month.
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...
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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.
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 | Country United States |
| Stock Exchange NYSE | Ticker Symbol MMP |
Financial Performance
In 2020, MMP's revenue was $2.43 billion, a decrease of -11.00% compared to the previous year's $2.73 billion. Earnings were $816.97 million, a decrease of -19.97%.
Analyst Forecasts
According to 20 analysts, the average rating for MMP stock is "Buy." The 12-month stock price forecast is 49.00, which is an increase of 11.72% from the latest price.