66.07 +0.23 (0.35%)
After hours: 4:25PM EDT
|Bid||65.86 x 1100|
|Ask||65.87 x 2200|
|Day's Range||65.71 - 67.00|
|52 Week Range||54.25 - 70.67|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||10.98|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||4.05 (6.07%)|
|1y Target Est||70.52|
For full-year 2019, Magellan Midstream Partners (MMP) expects to generate distributable cash flow of approximately $1.22 billion, up from the prior forecast of $1.18 billion.
DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...
TULSA, Okla. , Aug. 8, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $500 million of its 3.950% senior notes due 2050. The notes were priced at 99.910% ...
The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings. "We see the Permian as over-piped," said Matthew Blair, an analyst at Tudor Pickering.
Moody's Investors Service (Moody's) assigned a Baa1 rating to Magellan Midstream Partners, L.P.'s (Magellan) proposed $500 million senior unsecured notes due 2050. The proceeds of the notes will be used for repayment of amounts outstanding under the partnership's commercial paper program and to fund expansion capital projects. Magellan has consistently maintained relatively lower financial leverage, with a strong asset base.
The pipeline company reported better-than-expected results and assured investors that it's working on plenty of growth opportunities.
Encana (ECA) expects 15% y/y growth in liquids production in 2019 on the back of its three core plays, namely Permian, Montney and Anadarko.
Pipeline operator Magellan Midstream Partners LP expects new pipelines to ease a crude oil bottleneck in the Permian basin and squeeze the price differential between Midland, Texas, and Houston, cutting spot shipments on two of its Texas pipelines, Chief Executive Officer Mike Mears said on Thursday. Magellan said its 275,000 barrel-per-day (bpd) Longhorn pipeline from the Permian to Houston has run near its total capacity for months.
Nabors' (NBR) U.S. Drilling segment reports an operating income of $20.4 million in Q2, rebounding from the year-ago loss of $13.1 million on improved rig activity and solid margins.
Increases Annual Distributable Cash Flow Guidance to $1.22 Billion TULSA, Okla. , Aug. 1, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $253.7 million ...
The Zacks Analyst Blog Highlights: Holly Energy, Magellan Midstream, AngloGold Ashanti, Royal Gold and Kinross Gold
Oil prices extend gains amid widespread expectations that the Fed will cut interest rates for the first time in more than a decade this week.
TULSA, Okla., July 25, 2019 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (MMP) has increased the partnership's quarterly cash distribution to $1.0125 per unit for the period April 1 through June 30, 2019, representing the 69th distribution increase since its initial public offering in 2001. This announcement is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership's distributions to foreign investors attributable to income that is effectively connected with a United States trade or business. Accordingly, the partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
TULSA, Okla. , July 8, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2019 before the market opens on Thurs., Aug. 1 . Management ...