Magellan Midstream Partners, L.P. (MMP)
| Market Cap | 10.64B |
| Revenue (ttm) | 2.31B |
| Net Income (ttm) | 750.72M |
| Shares Out | 223.59M |
| EPS (ttm) | 3.34 |
| PE Ratio | 14.24 |
| Forward PE | 11.63 |
| Dividend | $4.11 |
| Dividend Yield | 8.63% |
| Trading Day | July 29 |
| Last Price | $47.62 |
| Previous Close | $47.64 |
| Change ($) | -0.02 |
| Change (%) | -0.04% |
| Day's Open | 48.05 |
| Day's Range | 47.02 - 48.07 |
| Day's Volume | 1,113,229 |
| 52-Week Range | 30.27 - 53.85 |
Magellan Midstream (MMP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
TULSA, Okla., July 22, 2021 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.
The heavy selling pressure might have exhausted for Magellan Midstream (MMP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street ana...
Midstream players like Energy Transfer (ET), Magellan (MMP) & Plains GP (PAGP) are set to gain on minimal volume risks and low direct exposure to oil & gas price.
Looking for stocks to buy as the world starts to come back to life? This trio is already benefiting.
Shares of a sports streaming company, an electric vehicle company, and a midstream oil and gas player can be great additions to your portfolio in 2021.
This midstream stalwart has been selling assets in the face of a weak energy market. Is the partnership's distribution at risk?
TULSA, Okla., June 24, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Once the new contract gets a regulatory nod and is closed, Magellan Midstream (MMP) and Enterprise will cease to provide delivery services under the current futures contracts deliverable at each port.
TULSA, Okla. & HOUSTON & ATLANTA--(BUSINESS WIRE)--Magellan Midstream Partners, L.P. (NYSE: MMP), Enterprise Products Partners L.P. (NYSE: EPD) and Intercontinental Exchange, Inc. (NYSE: ICE) today anno...
Within the last quarter, Magellan Midstream (NYSE:MMP) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 0 0 Somewhat Bullish 0 0 0 2 Indifferent...
According to the GuruFocus discounted cash flow calculator as of June 18, the following companies have a high margin of safety and have grown their margins over a 10-year period.
TULSA, Okla., June 16, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan's (MMP) sale of its independent terminals underscores its steadfast commitment to optimize unitholder value by utilizing all available options including asset portfolio upgrade.
Cramer on cancellation of Keystone pipeline after Biden revokes key permit
The Keystone pipeline, a $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations, was officially canceled on Wed...
TULSA, Okla., June 10, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Gas prices in the U.S. swelled to over $3 a gallon on Wednesday following the sudden shutdown of the Colonial Pipeline due to a ransomware attack last Friday, leading to shortages along the East Coast.
TULSA, Okla., May 13, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
After a two-decade run, Magellan's distribution increase streak is likely to end this year. It's a sign that investors need to start worrying.
Magellan Midstream's (MMP) distributable cash flow (DCF) of $276.5 million in the first quarter drops 9.8% from the year-ago level.
According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of May 3.
Cheap stocks are hard to find, but there's one out-of-favor sector full of them. Here's a trio of low-priced and high-yield midstream names.
TULSA, Okla., April 29, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream Partners (MMP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Magellan (MMP) announces the sale of nearly half of its membership interest in its marine terminal joint venture, MVP Terminalling, for $270 million.
TULSA, Okla., April 22, 2021 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.
TULSA, Okla., April 22, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
These two high-yielding MLPs go head-to-head.
Oil prices rose on Tuesday morning as a result of a drop in the U.S. dollar, making crude more attractive following the over 4% loss incurred on Monday on the prospect of producers returning more than 2...
I hate to admit it, but this contest may go to a name I've historically been leery of.
TULSA, Okla., March 31, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
If you're looking for investment opportunities in the midstream space, this pair of high-yielding energy companies might be on your radar.
Amid the broader momentum observed in oil stocks, Trefis believes that Magellan Midstream Partners (NYSE: MMP) has room for more growth due to relatively flat operating profit margin, negligible propert...
Magellan Midstream's (MMP) open season for its refined petroleum products pipeline in New Mexico, which began on Feb 16 and was expected to close on Mar 19, 2021, is now stretched to end on Mar 31.
TULSA, Okla., March 18, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock?
TULSA, Okla., Feb. 25, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it plans to participate in the following virtual investor conferences next week: Michael Me...
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.
This is the final excerpt from IMA's winter letter.
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, which be...
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 an agreeme...
The strongest economic growth in 20 to 50 years and end of the pandemic is expected to deliver one of the strongest value rallies in history in 2021. JPMorgan thinks value stocks could soar 20% to 50% t...
According to the GuruFocus discounted cash flow calculator as of Jan. 15, the following companies have a high margin of safety and have grown their margins over a 10-year period.
These two high-yielding pipeline companies go head-to-head
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 and Crude Oil segments. It operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling d... [Read more...]
| Industry Oil & Gas Midstream | IPO Date Feb 6, 2001 |
| CEO Michael Mears | Employees 1,720 |
| 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 52.26, which is an increase of 9.74% from the latest price.