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Magellan Midstream Partners, L.P. (MMP)

Stock Price: $41.41 USD -0.05 (-0.12%)
Updated Aug 14, 2020 9:51 AM EDT - Market open

Stock Price Chart

Key Info

Market Cap 9.32B
Revenue (ttm) 2.64B
Net Income (ttm) 980.89M
Shares Out 225.06M
EPS (ttm) 4.30
PE Ratio 9.63
Forward PE 11.34
Dividend $4.11
Dividend Yield 9.93%

Stock Quote

Trading Day Aug 14, 2020
Last Price $41.41
Previous Close $41.46
Change ($) -0.05
Change (%) -0.12%
Day's Open 41.77
Day's Range 41.38 - 41.77
Day's Volume 137,596
52-Week Range 22.02 - 67.75

More Stats

Market Cap 9.32B
Enterprise Value 14.26B
Earnings Date (est) Oct 29, 2020
Ex-Dividend Date Aug 6, 2020
Shares Outstanding 225.06M
Float 224.22M
EPS (basic) 4.29
EPS (diluted) 4.30
FCF / Share 2.51
Dividend $4.11
Dividend Yield 9.93%
Earnings Yield 10.38%
FCF Yield 6.07%
Payout Ratio n/a
Shares Short 5.78M
Short Ratio 4.91
Short % of Float 2.58%
Beta 1.02
PE Ratio 9.63
Forward PE 11.34
P/FCF Ratio 16.49
PS Ratio 3.53
PB Ratio 3.76
Revenue 2.64B
Operating Income 1.03B
Net Income 980.89M
Free Cash Flow 565.33M
Net Cash -4.95B
Net Cash / Share -21.97
Gross Margin 55.84%
Operating Margin 38.91%
Profit Margin 37.10%
FCF Margin 21.41%
ROA 7.75%
ROE 38.52%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (23)

Buy 19
Overweight 2
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$52.19*
(26.03% upside)
Low
44.0
Current: $41.41
High
64.0
Target: 52.19
*Average 12-month price target from 21 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue2,7282,8272,5082,2052,1882,3601,9481,7721,7491,557
Revenue Growth-3.49%12.72%13.7%0.77%-7.28%21.18%9.91%1.34%12.28%-
Gross Profit1,4751,4731,2941,1831,2181,265974787736607
Operating Income1,0641,367950886901955699549516402
Net Income1,0211,334870803819840582436414311
Shares Outstanding229228228228228227227226226219
Earnings Per Share4.465.843.813.523.593.692.561.921.831.42
EPS Growth-23.63%53.28%8.24%-1.95%-2.71%44.14%33.33%4.92%28.87%-
Dividend Per Share4.043.793.523.252.912.512.101.781.561.45
Dividend Growth6.41%7.64%8.57%11.36%16.28%19.5%17.54%14.65%7.02%-
Operating Cash Flow1,3211,3531,1319731,0701,107773646577425
Capital Expenditures-944-552-559-674-621-363-421-299-198-225
Free Cash Flow377801573299449744352347380200
Cash & Equivalents84.6030917614.7028.7317.0625.2432821021.86
Total Debt4,8764,2714,5244,0873,4402,9672,6852,3932,1521,906
Net Cash / Debt-4,792-3,962-4,348-4,072-3,411-2,950-2,660-2,065-1,942-1,884
Assets8,4387,7487,3946,7726,0425,5014,8214,4204,0453,718
Liabilities5,7235,1045,2654,6804,0203,6333,1732,9042,5822,248
Book Value2,7152,6432,1302,0922,0221,8681,6471,5161,4631,455
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Magellan Midstream Partners, L.P.
Country United States
Employees 1,884
CEO Michael N. Mears

Stock Information

Ticker Symbol MMP
Stock Exchange New York Stock Exchange
Sector Energy
Industry Oil & Gas Midstream
Unique Identifier NYSE: MMP
IPO Date February 6, 2001

Description

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, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2019, it had 9,800-mile refined products pipeline system with 53 terminals, as well as 25 independent terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 35 million barrels; and 6 marine terminals with an aggregate storage capacity of approximately 31 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.