MMP - Magellan Midstream Partners, L.P.

NYSE - Nasdaq Real Time Price. Currency in USD
69.93
-0.78 (-1.10%)
As of 3:15PM EDT. Market open.
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Previous Close70.71
Open70.26
Bid69.95 x 800
Ask69.94 x 800
Day's Range69.10 - 70.29
52 Week Range54.82 - 75.82
Volume495,209
Avg. Volume832,204
Market Cap15.958B
Beta0.70
PE Ratio (TTM)18.55
EPS (TTM)3.77
Earnings DateOct 31, 2018 - Nov 5, 2018
Forward Dividend & Yield3.75 (5.29%)
Ex-Dividend Date2018-08-06
1y Target Est75.76
Trade prices are not sourced from all markets
  • Magellan Midstream Raised 2018 Guidance on Strong Spot Shipments
    Market Realistyesterday

    Magellan 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 StreetEventsyesterday

    Edited Transcript of MMP earnings conference call or presentation 2-Aug-18 5:30pm GMT

    Q2 2018 Magellan Midstream Partners LP Earnings Call

  • Motley Foolyesterday

    How to Invest in Midstreamers

    I scream, you scream, we all scream for midstream, because these returns are so terrifyingly good.

  • 3 Things Energy Transfer Equity Management Wants You to Know About What’s in the Pipeline
    Motley Fool5 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.

  • WTI Spreads Move Closer to Four-Year Highs
    Market Realist8 days ago

    WTI 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.

  • Magellan Midstream Partners Keeps Finding New Opportunities
    Motley Fool9 days ago

    Magellan 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.

  • Enterprise Products Partners Saw Higher Target Prices
    Market Realist12 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.

  • ACCESSWIRE13 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 ...

  • Magellan Midstream (MMP) Q2 Earnings, Revenue Beat Estimate
    Zacks13 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 Press13 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. ...

  • Reuters13 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 Newswire13 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 ...

  • Buckeye Partners: Analysts’ Recommendations
    Market Realist13 days ago

    Buckeye 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.

  • 3 Oil and Gas Stocks You Don't Have to Babysit
    Motley Fool14 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.com14 days ago

    Magellan Midstream Partners Profit Beats Expectations

    Magellan Midstream Partners LP reports quarterly profit that topped analyst expectations.

  • Buckeye Partners Stock Could React to a Distribution Cut
    Market Realist14 days ago

    Buckeye 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 Newswire14 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 ...

  • EPD’s Q2 2018 Results: Growth Projects and Higher Volumes
    Market Realist14 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.

  • Higher Volumes Drove ONEOK’s Second-Quarter Results
    Market Realist14 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.

  • Half of Analysts Rate PAA as a ‘Buy’ ahead of Q2 Results
    Market Realist14 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%.

  • Plains All American Pipeline Expects Flat Earnings for Q2
    Market Realist15 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.

  • Why Plains All American Pipeline Has Outperformed in 2018
    Market Realist15 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.

  • WTI Spreads Near Four-Year High: How It Impacts MLPs
    Market Realist15 days ago

    WTI 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.

  • Is Magellan Midstream (MMP) Poised for a Beat Again in Q2?
    Zacks16 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 Newswire16 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.