Magellan Midstream Partners, L.P. (MMP)

NYSE: MMP · IEX Real-Time Price · USD
54.70
+0.14 (0.26%)
At close: Feb 3, 2023, 4:00 PM
54.87
+0.17 (0.31%)
After-hours: Feb 3, 2023, 7:57 PM EST
0.26%
Market Cap 11.21B
Revenue (ttm) 3.15B
Net Income (ttm) 1.09B
Shares Out 204.94M
EPS (ttm) 5.18
PE Ratio 10.56
Forward PE 10.38
Dividend $4.16 (7.61%)
Ex-Dividend Date Nov 4, 2022
Volume 1,514,610
Open 54.70
Previous Close 54.56
Day's Range 53.51 - 54.93
52-Week Range 44.79 - 60.55
Beta 0.94
Analysts Buy
Price Target 58.00 (+6.03%)
Earnings Date Feb 2, 2023

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. 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]

Sector Energy
IPO Date Feb 6, 2001
Employees 1,715
Stock Exchange NYSE
Ticker Symbol MMP
Full Company Profile

Financial Performance

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

Analyst Forecast

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.

Price Target
$58.0
(6.03% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Magellan Midstream Reports Fourth-Quarter 2022 Financial Results

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.

3 days ago - PRNewsWire

Is Magellan (MMP) Poised for Another Earnings Beat in Q4?

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.

1 week ago - Zacks Investment Research

Magellan Midstream Declares Cash Distribution of $1.0475 for Fourth Quarter 2022

TULSA, Okla. , Jan. 24, 2023 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.

1 week ago - PRNewsWire

5 Stand Out Oil & Energy Stocks to Buy

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...

Other symbols: ETHPMUSAPUMP
2 weeks ago - Zacks Investment Research

Best Income Stocks to Buy for January 18th

DTEGY, MMP and ACI made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 18, 2022.

Other symbols: ACI
2 weeks ago - Zacks Investment Research

Magellan Midstream to Announce Fourth-Quarter 2022 Financial Results on Feb. 2

TULSA, Okla. , Jan. 3, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

1 month ago - PRNewsWire

7 High-Yield Dividend Stocks to Buy Now

Usually, the decision to target high-yield dividend stocks to buy centers on inflationary concerns. With rising borrowing costs eroding market returns, passive income commands a premium.

Other symbols: BTIINTCKMIKREFRIOSU
1 month ago - InvestorPlace

Magellan Midstream to Participate in Wells Fargo Midstream and Utilities Symposium

TULSA, Okla. , Dec. 1, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

2 months ago - PRNewsWire

3 Natural Gas Stocks That Offer Great Dividend Yields

This article highlights three top midstream companies for investors to consider. Each offers a healthy dividend and a chance for some share price appreciation

Other symbols: ENBEPD
2 months ago - MarketBeat

3 Oil & Gas Pipeline Stocks to Gain Amid a Challenging Industry

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.

Other symbols: EPDET
2 months ago - Zacks Investment Research

Is It Time to Dive Back into Stocks?

The strength in the economy indicates that Fed actions will continue, so it's better to go for safer stocks.

Other symbols: HSBCKOFPSX
3 months ago - Zacks Investment Research

Magellan (MMP) Q3 Earnings & Sales Beat Estimates, Dividend Up

Magellan's (MMP) third-quarter earnings and revenues beat estimates due to solid segmental performances.

3 months ago - Zacks Investment Research

All You Need to Know About Magellan Midstream (MMP) Rating Upgrade to Buy

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).

3 months ago - Zacks Investment Research

Magellan Midstream Partners, L.P. (MMP) Soars to 52-Week High, Time to Cash Out?

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.

3 months ago - Zacks Investment Research

Magellan Midstream Reports Third-Quarter 2022 Financial Results, Raises 2022 Annual Guidance

TULSA, Okla. , Oct. 27, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

3 months ago - PRNewsWire

Magellan Midstream Increases Cash Distribution to $1.0475 for Third Quarter 2022

TULSA, Okla. , Oct. 20, 2022 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.

3 months ago - PRNewsWire

Magellan Midstream to Announce Third-Quarter 2022 Financial Results on Oct. 27

TULSA, Okla. , Sept. 29, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

4 months ago - PRNewsWire

Magellan Midstream to Participate in Wolfe Research Virtual Investor Conference

TULSA, Okla. , Sept. 27, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

4 months ago - PRNewsWire

The 7 Best Stocks to Buy to Tap Into a Hidden Bull Market

These are seven of the best stocks to buy that can see substantial returns in the months ahead. Despite the ongoing worries on Wall Street, seasoned investors realize that there may be a bull market i...

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4 months ago - InvestorPlace

3 Energy Stocks That Politicians Are Buying

Source: PopTika / Shutterstock With the 2022 midterm elections quickly approaching, most political news is centering around the expected results right now. But while investors prepare for the market v...

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5 months ago - InvestorPlace

Our 7 Favorite Oil Stocks Heading Into Q4

When it comes to the overriding narrative of oil stocks to buy in 2022, the framework points to an obvious catalyst: Russia, Russia, Russia. With its invasion of neighboring Ukraine, the action tilted...

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Top 2 dividend shares to navigate stock market in H2, 2022

Yield is not the be-all and end-all when picking out the best dividend stocks, especially in a volatile market like

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5 months ago - Finbold

Magellan Midstream's 2021 Schedule K-3 Now Available

TULSA, Okla. , Aug. 31, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

5 months ago - PRNewsWire

Magellan Midstream to Expand Refined Products Pipeline System to El Paso

TULSA, Okla. , Aug. 29, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

5 months ago - PRNewsWire

The 7 Highest Dividend Stocks for Your Income Buy List

Identifying the highest dividend-paying stocks is as simple as a few internet searches, but an investor who buys stocks based on their dividend yield alone will likely face trouble. High dividend yiel...

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5 months ago - InvestorPlace