Magellan Midstream Partners

Magellan Midstream Partners LP engages in the transportation, storage, and distribution of petroleum products. It operates through the following segments: Refined Products and Crude Oil. The Refined Products segment consists of an approximately 9,800-mile refined petroleum products pipeline system with 54 terminals and two marine storage terminals. The Crude Oil segment consists of approximately 2,200 miles of crude oil pipelines, a condensate splitter and 39 million barrels of aggregate storage capacity, of which approximately 29 million barrels are used for contract storage. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Earnings data Q2 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. The partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store more than 95 million barrels of petroleum products such as gasoline, diesel fuel and crude oil.  Its assets transport, store, and distribute refined petroleum products and crude, generating a fee-based cash flow stream. Among the assets are the country's longest petroleum pipeline network and a number of crude oil pipelines. Refined products account for roughly 70% of operating margin, with the remainder primarily comprised of crude-oil pipelines. 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 in three segments: Refined Products, Crude Oil, and Marine Storage. The company operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; leases pipeline and storage tank capacity to shippers; and provides services, including terminalling, ethanol and biodiesel loading and unloading, additive injection, custom blending, laboratory testing, and data services. It 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 and other end-users of petroleum products.

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Why Magellan Midstream Partners (MMP) is a Top Momentum Stock for the Long-Term

The proposed transaction involves the acquisition of all outstanding units of Magellan Midstream (MMP) by ONEOK through a mixture of cash and stock.

Magellan (MMP) Urges Unitholder 'Yes' Vote on ONEOK Deal

Magellan (MMP) expects discounted cash flow of $1.26 billion for 2023.

Magellan (MMP) Q2 Earnings & Revenues Outpace Estimates

ONEOK

Mailing and Video with President and CEO Aaron Milford Available on MaximizingValueforMMPunitholders.com TULSA, Okla. , Aug. 16, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Urges Unitholders to Vote "FOR" ONEOK Merger in Advance of Sept. 21 Special Meeting

TULSA, Okla. , Aug. 11, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream to Participate in VettaFi Virtual Investor Discussion

The company can maintain its quarterly dividend of $1.0475 in the last quarter as well, representing a high dividend yield of 6.53%. The company reported revenue of $877.2 million, which is an increase of 11.23% from $788.6 million in Q2FY22. After comparing the forward P/E ratio of 12.64x with the sector median of 11.50x, we can say that the company is overvalued.

Magellan Midstream: Overvalued, But Hold For Solid Dividend Yield

Magellan Midstream Partners has agreed to get acquired by Oneok for $67.50 a share in total compensation. Magellan is a master limited partnership, which creates complicated tax issues.

Is Magellan Midstream Partners Stock a Buy?

Magellan Midstream Partners LP (NYSE:MMP ) Q2 2023 Earnings Conference Call August 3, 2023 1:30 PM ET Company Participants Aaron Milford - President, CEO & Director Jeffrey Holman - Principal Accounting Officer, EVP, CFO & Treasurer Conference Call Participants Theresa Chen - Barclays Bank Spiro Dounis - Citigroup Jeremy Tonet - JPMorgan Chase & Co. Keith Stanley - Wolfe Research Operator Greetings, and welcome to the Magellan Midstream Partners Second Quarter Earnings Conference Call. [Operator Instructions].

Magellan Midstream Partners LP (MMP) Q2 2023 Earnings Call Transcript

Pipeline operator Magellan Midstream Partners said on Thursday it expects exports of U.S. crude and refined products to grow on increasing global demand for U.S. energy.

Pipeline operator Magellan sees U.S. crude, fuel exports rising

The headline numbers for Magellan Midstream (MMP) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Magellan Midstream (MMP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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

Magellan Midstream Reports Second-Quarter 2023 Earnings

TULSA, Okla., July 27, 2023 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.

Magellan Midstream Declares Cash Distribution of $1.0475 for Second Quarter 2023

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Magellan Midstream Partners, L.P. (NYSE: MMP) to ONEOK, Inc. (NYSE: OKE). Under the terms of the proposed transaction, shareholders of Magellan will receive $25.00 in cash and 0.6670 shares of ONEOK for each share of Magellan that they own. KSF is seeking to determine whether this consideration and the process.

MAGELLAN MIDSTREAM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Magellan Midstream Partners, L.P. - MMP

Launches New Website, MaximizingValueforMMPunitholders.com, Outlining Benefits of the Transaction and Tax Considerations for Magellan Unitholders Urges Unitholders to Vote "FOR" the Pending Merger TULSA, Okla. , July 25, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Announces Filing of Definitive Proxy Statement in Connection with Pending ONEOK Transaction

Special Meeting of Shareholders Set for Sept. 21, 2023 ONEOK's Board of Directors Recommends Shareholders  Vote "FOR" All Proposals at the Special Meeting TULSA, Okla.

ONEOK Announces Filing of Definitive Proxy Statement in Connection with its Pending Acquisition of Magellan Midstream Partners

Report Underscores Benefits of Tax Structure and Value Transaction Delivers to Magellan Unitholders Magellan Urges Unitholders to Vote "FOR" the Pending Merger TULSA, Okla. , July 25, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Comments on Report by Renowned Tax Expert, Robert Willens

Magellan Midstream Partners Chief Executive Aaron Milford said he is confident the pipeline operator's planned sale to larger peer ONEOK Inc for $18.8 billion will gain approval from its investors despite some opposition.

Magellan says confident sale to ONEOK will gain sufficient investor backing

With Magellan currently trading around 64, investors have the opportunity to earn a 5.4% return in a matter of months.

Top Dividend Stocks: Investors Could Get Quick 5% Return On Magellan's Buyout

Magellan Board Unanimously Recommends Unitholders Vote "FOR" the Pending Merger TULSA, Okla. , July 11, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Sets Record and Meeting Dates for Pending ONEOK Merger Vote

Magellan Midstream's (MMP) acquisition by ONEOK Inc. (OKE) nears closure with the termination of the HSR waiting period.

Magellan (MMP) & ONEOK Clear Hurdle in Pending Acquisition

TULSA, Okla. , June 29, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream to Announce Second-Quarter 2023 Financial Results on Aug. 3

TULSA, Okla. , June 28, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream's 2022 Schedule K-3 Now Available

TULSA, Okla. , June 27, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P.

ONEOK and Magellan Announce Expiration of Hart-Scott-Rodino Act Waiting Period

Recent regulatory filings from ONEOK (OKE) and Magellan Midstream Partners, LP (MMP) provide insight into the expected deal synergies. Midstream corporation ONEOK announced last month it will acquire MLP Magellan in a cash-and-stock deal valued at $18.8 billion.

Additional ONEOK-Magellan Deal Details Disclosed in SEC Filings

Magellan Midstream Partners, L.P. (NYSE:MMP ) Q4 2023 Earnings Call Transcript June 21, 2023 4:30 PM ET Company Participants Aaron Milford - Chief Executive Officer Conference Call Participants Jeremy Tonet - J.P.

News for Magellan Midstream Partners Stock (MMP)