|Bid||66.25 x 800|
|Ask||66.27 x 1100|
|Day's Range||65.81 - 66.55|
|52 Week Range||54.25 - 69.44|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||11.05|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||4.05 (6.19%)|
|1y Target Est||70.43|
Magellan Midstream Partners LP said on Wednesday it had commenced operation of a new 135-mile, 20-inch diameter refined products pipeline from its East Houston terminal to Hearne, Texas. The company also said construction of a pipeline spur from the new system to the George Bush Intercontinental Airport was also complete and would be in operation by Nov. 1, once testing is finalized. Completion of the East Houston to Hearne pipeline has also reversed an existing pipeline segment between Hearne and Dallas, providing an additional 85,000 barrels a day of refined products capacity originating from the Houston area, the company said.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Magellan Midstream Partners, L.P. New York, September 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Magellan Midstream Partners, L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Owing to volume growth demanded by the shippers during a July open season, Magellan Midstream Partners (MMP) decides to expand the size of its Saddlehorn pipeline by 100,000 bpd.
Pipeline operator Magellan Midstream Partners LP said on Thursday it plans to add 100,000 barrels per day of capacity to the Saddlehorn pipeline that runs from Colorado to the main U.S. storage hub in Cushing, Oklahoma. Magellan, operator of the Saddlehorn pipeline, said the higher capacity is expected to be available by late 2020, following the addition of incremental pumping and storage capabilities. The Saddlehorn pipeline is jointly owned by Magellan, Plains All American Pipeline LP and Western Midstream Partners LP.
TULSA, Okla. , Aug. 29, 2019 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC ("Saddlehorn") announced today a further expansion of the Saddlehorn pipeline. Following a successful open season ...
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.