MMP - Magellan Midstream Partners, L.P.

NYSE - Nasdaq Real Time Price. Currency in USD

61.48

+1.26

(+2.09%)

At close: 04:00PM EDT

61.10

-0.38

(-0.62%)

After hours:

07:27PM EDT

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Momentum

Performance Outlook

Short Term
2W - 6W
Mid Term
6W - 9M
Long Term
9M+

Previous Close	60.22
Open	60.60
Bid	61.10 x 1000
Ask	61.43 x 900
Day's Range	60.29 - 61.75
52 Week Range	44.79 - 64.42
Volume	1,517,214
Avg. Volume	1,371,603

Market Cap	12.425B
Beta (5Y Monthly)	0.91
PE Ratio (TTM)	12.86
EPS (TTM)	N/A
Earnings Date	N/A
Forward Dividend & Yield	4.19 (6.96%)
Ex-Dividend Date	May 05, 2023
1y Target Est	N/A

Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

Fair Value

XX.XX

Overvalued

-13% Est. Return

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Press Releases

PR Newswire
Magellan Midstream to Participate in the 20th Annual EIC Investor Conference
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Aaron Milford, chief executive officer, is scheduled to participate in a question and answer session about Magellan at the 20th Annual CEO & Investor Conference hosted by the Energy Infrastructure Council at 8:20 a.m. Eastern on Tuesday, May 23 in West Palm Beach, Florida.
PR Newswire
ONEOK to Acquire Magellan Midstream Partners in Transaction Valued at $18.8 billion
ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today announced that they have executed a definitive merger agreement under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction valued at approximately $18.8 billion including assumed debt, resulting in a combined company with a total enterprise value of $60.0 billion. The consideration will consist of $25.00 in cash and 0.6670 shares of ONEOK common stock for e
PR Newswire
Magellan Midstream Reports Increased First-Quarter 2023 Earnings, Raises 2023 Annual Guidance
Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $274 million for first quarter 2023, compared to $166 million for first quarter 2022. The increase in current year net income was largely driven by higher profits from our commodity-related activities in part due to favorable mark-to-market ("MTM") adjustments for related hedge positions, as well as overall improved financial results from our core fee-based transportation and terminals activities.
PR Newswire
Magellan Midstream Declares Cash Distribution of $1.0475 for First Quarter 2023
The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has declared a quarterly cash distribution of $1.0475 per unit for the period Jan. 1 through March 31, 2023.
PR Newswire
Magellan Midstream to Announce First-Quarter 2023 Financial Results on May 4
Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for first quarter 2023 before the market opens on Thursday, May 4. Management will discuss first-quarter 2023 earnings and outlook for the remainder of the year during a conference call with analysts at 1:30 p.m. Eastern the same day.
PR Newswire
Magellan Midstream Reports Fourth-Quarter 2022 Financial Results
Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $187 million for fourth quarter 2022, compared to $244 million for fourth quarter 2021. The 2022 results were negatively impacted by a $58 million non-cash charge for the impairment of our investment in the Double Eagle pipeline joint venture.
PR Newswire
Magellan Midstream Declares Cash Distribution of $1.0475 for Fourth Quarter 2022
The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has declared a quarterly cash distribution of $1.0475 per unit for the period Oct. 1 through Dec. 31, 2022.
PR Newswire
Magellan Midstream to Announce Fourth-Quarter 2022 Financial Results on Feb. 2
Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2022 before the market opens on Thursday, Feb. 2. Management will discuss fourth-quarter 2022 earnings and annual guidance for 2023 during a conference call with analysts at 1:30 p.m. Eastern the same day.
PR Newswire
Magellan Midstream to Participate in Wells Fargo Midstream and Utilities Symposium
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Aaron Milford, chief executive officer, is scheduled to participate in a question and answer session about Magellan at the Wells Fargo Midstream and Utilities Symposium at 8:40 a.m. Eastern on Wednesday, Dec. 7 in New York City.
PR Newswire
Magellan Midstream Reports Third-Quarter 2022 Financial Results, Raises 2022 Annual Guidance
Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $330 million for third quarter 2022, compared to $237 million for third quarter 2021. The increase in current year net income was largely driven by higher profits from our commodity-related activities due to favorable mark-to-market (MTM) adjustments for related hedge positions, as well as overall improved financial results from our core fee-based transportation and terminals activities.
PR Newswire
Magellan Midstream Increases Cash Distribution to $1.0475 for Third Quarter 2022
The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has declared a quarterly cash distribution of $1.0475 per unit for the period July 1 through Sept. 30, 2022.
PR Newswire
Magellan Midstream to Announce Third-Quarter 2022 Financial Results on Oct. 27
Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for third quarter 2022 before the market opens on Thursday, Oct. 27. Management will discuss third-quarter 2022 earnings and outlook for the remainder of the year during a conference call with analysts at 1:30 p.m. Eastern the same day.
PR Newswire
Magellan Midstream to Participate in Wolfe Research Virtual Investor Conference
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Jeff Holman, chief financial officer, is scheduled to participate in a question and answer session about Magellan at the Wolfe Research Utilities, Midstream & Clean Energy Conference at 10:15 a.m. Eastern on Friday, Sept. 30.
PR Newswire
Magellan Midstream's 2021 Schedule K-3 Now Available
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that 2021 Schedule K-3s, reflecting items of international tax relevance, are now available online. Unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/mmp.
PR Newswire
Magellan Midstream to Expand Refined Products Pipeline System to El Paso
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that following a successful open season, we plan to expand our refined petroleum products pipeline system from the Houston area to El Paso, Texas.
PR Newswire
Magellan Midstream Reports Second-Quarter 2022 Financial Results
Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $354 million for second quarter 2022 compared to $280 million for second quarter 2021. The current period includes a $162 million gain on the sale of discontinued operations related to the June 2022 divestiture of our independent terminals network, and the prior year includes a $70 million gain primarily from the sale of a portion of our interest in the Pasadena marine terminal joint venture.
PR Newswire
Magellan Midstream Declares Cash Distribution of $1.0375 for Second Quarter 2022
The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has declared a quarterly cash distribution of $1.0375 per unit for the period April 1 through June 30, 2022.
PR Newswire
Magellan Midstream Extends Open Season to July 29 for Potential Expansion of Refined Products Pipeline System to El Paso
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today the extension of our open season to solicit customer commitments for the potential expansion of our refined petroleum products pipeline system from the Houston area to El Paso, Texas. Significant interest has been expressed from potential shippers, and the extension provides interested customers additional time to finalize commitments. Binding commitments are now due by 5:00 p.m. Central Time on July 29, 2022.
PR Newswire
Magellan Midstream to Announce Second-Quarter 2022 Financial Results on July 28
Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2022 before the market opens on Thursday, July 28. Management will discuss second-quarter 2022 earnings and outlook for the remainder of the year during a conference call with analysts at 1:30 p.m. Eastern the same day.
PR Newswire
Magellan Midstream Extends Open Season to July 15 for Potential Expansion of Refined Products Pipeline System to El Paso
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today the extension of our open season to solicit customer commitments for the potential expansion of our refined petroleum products pipeline system from the Houston area to El Paso, Texas. Significant interest has been expressed from potential shippers, and the extension provides interested customers additional time to finalize commitments. Binding commitments are now due by 5:00 p.m. Central Time on July 15, 2022.