|Bid||0.00 x 800|
|Ask||0.00 x 2900|
|Day's Range||62.32 - 64.11|
|52 Week Range||54.82 - 75.82|
|Beta (3Y Monthly)||0.71|
|PE Ratio (TTM)||11.49|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||3.91 (6.25%)|
|1y Target Est||74.89|
Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. Production in the Permian Basin of West Texas and New Mexico is projected to hit 3.55 million barrels per day (bpd), up from 2.04 million bpd two years ago. Plains All American Pipeline also got a boost from buying cheap at the wellhead and collecting the U.S. Gulf Coast price.
TULSA, Okla. and DENVER , Nov. 8, 2018 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC ("Saddlehorn") and ARB Midstream, LLC ("ARB") announced today that they have launched an open ...
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
TULSA, Okla. and DALLAS, Nov. 5, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (MMP) and Navigator Energy Services announced today the launch of an open season to jointly assess customer interest to transport various grades of light crude oil and condensate from Cushing, Oklahoma to Houston, Texas. All potential customers must submit binding commitments by 12:00 p.m. Central Time on Jan. 31, 2019. The proposed Voyager pipeline would include construction of nearly 500 miles of 20-inch diameter pipeline from Magellan's terminal in Cushing to Magellan's terminal in East Houston.
So far, MPLX (MPLX) stock has fallen ~4% in 2018. In comparison, Magellan Midstream Partners (MMP) has fallen ~14%. Enterprise Products Partners (EPD) stock is roughly flat, while ONEOK (OKE) and Plains All American Pipeline (PAA) have risen 19% and 7%, respectively. MPLX’s mean target price, provided by Reuters-surveyed analysts, is $42. The target price implies an upside potential of ~22% from MPLX’s current price of $34.5.
Magellan's management is capitalizing on all the cash coming in the door and the investment opportunities in oil and gas transportation.
MPLX (MPLX) reported its third-quarter results on November 1. The company reported a DCF (distributable cash flow) attributable to its general partner and limited partner unitholders of $747 million for the quarter, which represents 75% YoY (year-over-year) growth. The growth in MPLX’s DCF was driven by strong earnings growth across both of its segments. Earnings from drop-down assets and strong volumes contributed to MPLX’s third-quarter earnings growth.
Enterprise Products Partners (EPD) stock is roughly flat YTD (year-to-date). In comparison, Kinder Morgan (KMI), Magellan Midstream Partners (MMP), and Williams Companies (WMB) have fallen ~9%, 13%, and 22%, respectively, during the same period. ONEOK (OKE) has risen 20% YTD. So far, the Alerian MLP ETF (AMLP) has fallen ~11% in 2018. Enterprise Products Partners has outperformed most of its peers in 2018.
The Tulsa, Oklahoma-based company said it had net income of $2.60 per share. Earnings, adjusted for non-recurring gains, came to $1.10 per share. The results beat Wall Street expectations. The average ...
Increases Annual Guidance for 2018 Distributable Cash Flow to $1.12 Billion TULSA, Okla. , Nov. 1, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $594.5 ...
DALLAS , Oct. 30, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP announce an upcoming interim change to constituents of The Cushing ® MLP High Income Index (the "Index"). ...
Magellan Midstream (MMP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
TULSA, Okla., Oct. 25, 2018 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (MMP) has increased the partnership's quarterly cash distribution to 97.75 cents per unit for the period July 1 through Sept. 30, 2018, representing the 66th distribution increase since its initial public offering in 2001. More information is available at www.magellanlp.com.
The energy sector’s midstream segment outperformed the broader energy sector in the week that ended on October 19. The Alerian MLP Index ended the week on a flat note, whereas the Energy Select Sector SPDR ETF (XLE) fell 2%.