MMP - Magellan Midstream Partners, L.P.
| Previous Close | 70.71 |
| Open | 70.26 |
| Bid | 69.95 x 800 |
| Ask | 69.94 x 800 |
| Day's Range | 69.10 - 70.29 |
| 52 Week Range | 54.82 - 75.82 |
| Volume | 495,209 |
| Avg. Volume | 832,204 |
| Market Cap | 15.958B |
| Beta | 0.70 |
| PE Ratio (TTM) | 18.55 |
| EPS (TTM) | 3.77 |
| Earnings Date | Oct 31, 2018 - Nov 5, 2018 |
| Forward Dividend & Yield | 3.75 (5.29%) |
| Ex-Dividend Date | 2018-08-06 |
| 1y Target Est | 75.76 |
Market Realist•yesterdayMagellan Midstream Raised 2018 Guidance on Strong Spot Shipments
Magellan Midstream Partners (MMP), one of the largest US transporters of refined products, posted a 4.5% YoY rise in EBITDA in the second quarter. MMP saw an 8.3% rise in EBITDA in the first six months of 2018 compared to the same period last year, implying a slowdown in earnings growth in the remaining two quarters of the year. Magellan Midstream Partners’ second-quarter earnings growth was driven by the strong performance of its Crude Oil segment resulting from higher Permian volumes and expansion projects placed into service.
- Thomson Reuters StreetEvents•yesterday
Edited Transcript of MMP earnings conference call or presentation 2-Aug-18 5:30pm GMT
Q2 2018 Magellan Midstream Partners LP Earnings Call
- Motley Fool•yesterday
How to Invest in Midstreamers
I scream, you scream, we all scream for midstream, because these returns are so terrifyingly good.
- Motley Fool•5 days ago
3 Things Energy Transfer Equity Management Wants You to Know About What’s in the Pipeline
The energy infrastructure giant is increasingly optimistic about what’s ahead.
Market Realist•8 days agoWTI Spreads Move Closer to Four-Year Highs
The WTI Cushing-WTI Midland spread, a key indicator to watch for Permian producers and pipeline MLPs operating in the region, moved closer to four-year highs of $18 per barrel last week. The spread rose to $17.3 per barrel by the end of last week—significantly higher than this year’s average of $3.5 per barrel.
Motley Fool•9 days agoMagellan Midstream Partners Keeps Finding New Opportunities
The oil and gas midstream company already was spending record amounts on new projects, but it has raised spending even more.
- Market Realist•12 days ago
Enterprise Products Partners Saw Higher Target Prices
Enterprise Products Partners (EPD) saw a string of target price increases after its strong second-quarter results. UBS raised its target price from $36 to $39. Barclays and Stifel both raised their target prices for the stock to $34. SunTrust Robinson raised its target price for Enterprise Products Partners from $33 to $34. RBC raised its target price from $34 to $37.
- ACCESSWIRE•13 days ago
Magellan Midstream Partners, L.P. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Magellan Midstream Partners, L.P. (NYSE: MMP ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 1:30 PM Eastern ...
- Zacks•13 days ago
Magellan Midstream (MMP) Q2 Earnings, Revenue Beat Estimate
Petroleum pipeline operator Magellan Midstream (MMP) managed to raise its cash flow distributable to unitholders by 6.5% in the quarter.
- Associated Press•13 days ago
Magellan Midstream: 2Q Earnings Snapshot
On a per-share basis, the Tulsa, Oklahoma-based company said it had net income of 94 cents. Earnings, adjusted for non-recurring costs, came to $1.05 per share. The results topped Wall Street expectations. ...
- Reuters•13 days ago
Magellan Midstream Partners profit beats expectations
Magellan Midstream Partners LP on Thursday reported quarterly profit that topped analyst expectations, driven by higher demand for its crude oil and refined products pipelines. The Tulsa, Oklahoma, pipeline operator's second-quarter net income was $214.4 million, up 2 percent from the same period a year ago. Analysts on average had expected earnings per share of $1.01 in the second quarter, according to Thomson Reuters I/B/E/S.
- PR Newswire•13 days ago
Magellan Midstream Reports Higher Second-Quarter Financial Results
Increases Annual Guidance for 2018 Distributable Cash Flow to $1.1 Billion TULSA, Okla. , Aug. 2, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $214.4 ...
Market Realist•13 days agoBuckeye Partners: Analysts’ Recommendations
Recently, Suntrust Robinson downgraded Buckeye Partners (BPL) to “sell” from “hold.” Suntrust Robinson reduced the partnership’s target price to $31 from $43. Previously, Citigroup lowered the partnership to “hold.” Buckeye Partners has seen five rating updates since the beginning of 2018 including four downgrades and one new coverage initiation.
- Motley Fool•14 days ago
3 Oil and Gas Stocks You Don't Have to Babysit
These 3 top industry players are ideal for those who want to buy...and forget about.
- Rigzone.com•14 days ago
Magellan Midstream Partners Profit Beats Expectations
Magellan Midstream Partners LP reports quarterly profit that topped analyst expectations.
Market Realist•14 days agoBuckeye Partners Stock Could React to a Distribution Cut
In the previous part, we discussed the chances of a distribution cut announcement from Buckeye Partners (BPL) during the company’s second-quarter earnings. In this part, we’ll discuss the possible stock price reaction in case the partnership goes ahead with a cut. The initial reaction would likely be negative considering the partnership’s strong historical distributions and general distribution growth recovery in the sector.
- PR Newswire•14 days ago
Magellan Midstream and LBC to Further Expand Seabrook Logistics' Crude Oil and Condensate Marine Terminal
TULSA, Okla. and MECHELEN, Belgium , Aug. 1, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and LBC Tank Terminals, LLC ("LBC") are further expanding ...
- Market Realist•14 days ago
EPD’s Q2 2018 Results: Growth Projects and Higher Volumes
Enterprise Products Partners (EPD) reported its second-quarter results on August 1. The company’s adjusted EBITDA for the quarter rose 32% YoY (year-over-year). The growth was driven by contributions from new projects, higher volumes, and higher NGL (natural gas liquids) prices.
- Market Realist•14 days ago
Higher Volumes Drove ONEOK’s Second-Quarter Results
ONEOK (OKE) reported its second-quarter results on July 31 after the markets closed. The company reported an adjusted EBITDA of $601.8 million for the quarter—30% higher compared to the second quarter of 2017. The growth in ONEOK’s earnings was driven by growth in natural gas and natural gas liquids volumes in the STACK and SCOOP areas, the Williston Basin, and the Permian Basin. Higher optimization and marketing activities in ONEOK’s Natural Gas Liquids segment also drove its earnings growth.
- Market Realist•14 days ago
Half of Analysts Rate PAA as a ‘Buy’ ahead of Q2 Results
Plains All American Pipeline (PAA) has announced a distribution of $0.3 per unit for Q2 2018, which is flat compared to its first-quarter distribution. Plains All American Pipelines is trading at a yield of ~4.8% currently, which is lower than the yields of 5.8%, 5.4%, and 7.0% for Enterprise Products Partners (EPD), Magellan Midstream Partners (MMP), and MPLX (MPLX), respectively. The Alerian MLP Index currently has a yield of ~7.8%.
- Market Realist•15 days ago
Plains All American Pipeline Expects Flat Earnings for Q2
Plains All American Pipeline (PAA) will release its Q2 results on August 7 after the markets close. Analysts expect the company’s EBITDA (earnings before interest, tax, depreciation, and amortization) for the quarter to be $477 million, 6% higher than its Q2 2017 EBITDA. At the same time, Plains All American Pipeline expects its Q2 adjusted EBITDA to remain flat compared to the year-ago quarter.
- Market Realist•15 days ago
Why Plains All American Pipeline Has Outperformed in 2018
Plains All American Pipeline (PAA) stock has risen ~14% so far in 2018, outperforming many of its peers. Enterprise Products Partners (EPD) has risen ~9%, and Magellan Midstream Partners (MMP) is roughly flat YTD (year-to-date). The Alerian MLP ETF (AMLP) has fallen ~4% YTD. Crude-centric Plains All American Pipeline has largely tracked crude oil prices so far in 2018. Crude prices are up ~14% YTD.
Market Realist•15 days agoWTI Spreads Near Four-Year High: How It Impacts MLPs
The WTI Cushing–WTI Midland spread, a key indicator to watch for Permian producers and pipeline MLPs operating in the region, reached close to the four-year high of $18 per barrel last week. The spread climbed to $17.10 per barrel in the middle of the week before ending the week at $16.60. That’s significantly higher than the year’s average of $5.50 per barrel.
- Zacks•16 days ago
Is Magellan Midstream (MMP) Poised for a Beat Again in Q2?
Magellan Midstream's (MMP) second-quarter 2018 earnings are expected to grow, with rising demand for its midstream assets owing to increased U.S. activities.
- PR Newswire•16 days ago
Magellan Midstream to Further Expand Western Leg of Texas Refined Petroleum Products Pipeline System
Based on additional committed volume received as part of its recent supplemental open season, the partnership now plans to expand this pipe capacity to 175,000 bpd. The expanded capacity will handle incremental shipments of gasoline and diesel fuel to demand centers in Abilene, Midland/Odessa and El Paso, Texas and New Mexico. The pipeline system can also access markets in Arizona and Mexico via connections to other pipelines.
