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 2023

Earnings data Q2 2024

Magellan Midstream Partners (MMP) reports strong Q2 results and progresses with ONEOK merger

Magellan Midstream Partners (MMP) delivered strong Q2 results, driven by higher profits from commodity-related activities and core fee-based transportation and terminal services. The pending merger with ONEOK is expected to close in Q3, and the company remains confident in the value created for unitholders. Despite challenges from refinery disruptions and opposition from some holders, the company's overall performance and investor reception have been positive.

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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.

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Both EPD and MMP were caught in the recent market selloff and have declined more than 10% in the last couple of weeks. EPD is very cheap, at 6.5x cash flows, and recently announced a potential new investment in a $5B steam cracker in Texas.

Enterprise Products Partners And Magellan Midstream Partners: 2 Strong Buys At Current Prices

The market is in full-blown panic mode over fears of a recession even as inflation is raging. At High Yield Investor, we are all about keeping calm and letting the dividends flow.

Magellan Midstream And Enterprise Products: Keep Calm And Collect High Yields

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High-yield blue-chips are the lowest risk and easiest way to beat inflation and retire in safety and splendor. Magellan Midstream is one of the hottest stocks on Wall Street in 2022, up 19% and climbing while the bear market ravages almost everything else.

8% Yielding Magellan Midstream Can Help You Retire In Safety And Splendor

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TULSA, Okla. and HOUSTON , June 2, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream to Close Independent Terminals Sale to Buckeye Partners on June 8

Magellan Midstream Partners (MMP) stock has gone up 7% since its first-quarter 2022 earnings beat the consensus mark, while revenues lag the same.

Magellan Midstream (MMP) Stock Rises 7% After Q1 Earnings Beat

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Energy In The New Cold War

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TULSA, Okla., & HOUSTON--(BUSINESS WIRE)--Magellan Midstream Partners, L.P. (NYSE: MMP), Enterprise Products Partners L.P. (NYSE: EPD) and Intercontinental Exchange, Inc. (NYSE: ICE) today announced that the “no-charge” arrangement between the Magellan East Houston (“MEH”) and the Enterprise Crude Houston (“ECHO”) terminals to transfer crude oil delivered through the Midland WTI AGC futures contract (ICE: HOU) has been expanded to include deliveries conducted via ICE's Exchange for Physical (“E

Magellan, Enterprise and ICE Announce Update on Terminal Transfers of Midland WTI AGC Futures

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Magellan Midstream Partners, L.P. (NYSE:MMP ) 2022 EIC Investor Conference Call May 16, 2022 2:20 PM ET Company Participants Aaron Milford - CEO Conference Call Participants James Carreker - U.S. Capital Advisors James Carreker Good afternoon, everyone.

Magellan Midstream Partners, L.P. (MMP) Presents at 2022 EIC Investor Conference (Transcript)

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Magellan has weathered the storm of the pandemic in 2020. The current valuation of Magellan is attractive at 10 times its DCF.

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Magellan is one of the best midstream operators, with 20 consecutive years of distribution increases. Units are materially undervalued, with a cash flow multiple of 8.7x.

Magellan Midstream Partners: Still Time To Buy This 8.7% Yielding MLP

Without much doubt, Magellan Midstream Partners has a wide economic moat due to the cost advantages stemming from its pipeline. However, the company is also facing major risks like high debt levels and the threat of switching to alternative energy sources.

Magellan Midstream Partners: Attractive, But Risky

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In light of gasoline prices hitting a new record high, five energy stocks with high dividend yields and GF Scores are Magellan Midstream Partners LP ( MMP , Financial), Enterprise Products Partners LP ( EPD , Financial), TotalEnergies SE ( TTE , Financial), ONEOK Inc. ( OKE , Financial) and Star Group LP ( SGU , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.

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TULSA, Okla. , May 10, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

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Magellan Midstream Partners LP (NYSE:MMP ) Q1 2022 Earnings Conference Call May 5, 2022 1:30 PM ET Company Participants Aaron Milford - President, CEO & Director Jeffrey Holman - Principal Accounting Officer, Senior VP, CFO & Treasurer Conference Call Participants Praneeth Satish - Wells Fargo Securities Jeremy Tonet - JPMorgan Chase & Co. Michael Lapides - Goldman Sachs Group Theresa Chen - Barclays Bank Operator Greetings, and welcome to the Magellan Midstream Partners First Quarter '22 Earnings Call. [Operator Instructions].

Magellan Midstream Partners LP (MMP) CEO Aaron Milford on Q1 2022 Results - Earnings Call Transcript

News for Magellan Midstream Partners Stock (MMP)