|Bid||61.40 x 800|
|Ask||64.00 x 800|
|Day's Range||61.59 - 62.36|
|52 Week Range||54.25 - 72.90|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||10.61|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||4.02 (6.42%)|
|1y Target Est||68.45|
Magellan Midstream Partners has recently canceled some expansion projects, which could eventually cause its distribution growth streak to end.
TULSA, Okla. , June 13, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Aaron Milford , chief operating officer, is scheduled to participate in a question and answer ...
Magellan Midstream (MMP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
TULSA, Okla. and DALLAS, May 31, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (MMP) and Navigator Energy Services announced today an extension of the open season to solicit commitments from shippers for the proposed Voyager Pipeline to transport crude oil from Cushing, Oklahoma and Midland, Texas to Houston. The level of shipper interest in the Midland origin, announced in March, combined with shipper requests for additional grades of crude oil and condensate at Cushing, requires further evaluation of the scope of the Voyager Pipeline project. As currently contemplated, the proposed Voyager Pipeline would include construction of 20-inch diameter pipelines from both Magellan's Cushing and Midland terminals to Magellan's terminal in Frost, Texas.
Expanding on our overarching theme of U.S. hydrocarbons (gas, oil, or natural gas liquids) increasingly being exported, we forecast U.S. crude-oil exports of 4 million barrels per day by 2020. As a result, there is a substantial opportunity for midstream entities to build new crude-oil export terminals and support their economic moats, with Enterprise Products Partners our favorite way to play this trend.
Does Magellan Midstream Partners’ 6.5% Yield Look Attractive?(Continued from Prior Part)Top investors in MMPAccording to the latest filings, the top ten investors in Magellan Midstream Partners (MMP) together sold 0.4 million MMP shares in Q1.
Does Magellan Midstream Partners’ 6.5% Yield Look Attractive?(Continued from Prior Part)MMP’s distributable cash flowMagellan Midstream Partners’ (MMP) DCF (distributable cash flow) has grown at an average rate of 11.1% over the last five
Does Magellan Midstream Partners’ 6.5% Yield Look Attractive?(Continued from Prior Part)MMP’s distributionsMagellan Midstream Partners (MMP) has raised its quarterly distributions 68 times since its IPO in 2001. In the last five years, Magellan
Does Magellan Midstream Partners’ 6.5% Yield Look Attractive?MMP’s yieldMagellan Midstream Partners (MMP) is trading at a yield of ~6.5% currently. Its yield is ~170 basis points higher than its five-year average yield of ~4.8%. Magellan
Energy Review: How the Sector Performed Last Week(Continued from Prior Part)Energy stocksIn the week ending May 24, midstream stock Genesis Energy (GEL) rose the most among the stocks in the energy space. The stock is included in the following
TULSA, Okla., May 24, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (MMP) announced today that its board of directors has elected Chansoo Joung as an independent board member effective immediately. Joung had a distinguished career in the finance industry working with energy companies. From 2005 to 2015, Joung worked first as a partner then as senior advisor at Warburg Pincus LLC, where he managed investments across the energy and clean energy sectors.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he would hold off for now from Village Farms International Inc (NASDAQ: VFF ). He is not a buyer of Sailpoint Technologies Holdings Inc ...
Magellan Midstream's (MMP) DCF in Q1 came in at $318 million, up from $258.9 million in the year-ago period on the back of divestment gains.
TULSA, Okla. , May 13, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears , chief executive officer, is scheduled to participate in a question and answer ...
AT&T, Magellan Midstream Partners, and Tanger Factory Outlet Centers all offer high yields and more stable returns than the energy giant.
Energy Transfer Partners LP will no longer pursue the Permian Gulf Coast (PGC) pipeline as it was initially announced, but will evaluate participating in other projects to transport crude from the largest U.S. oil field, company Chief Financial Officer Thomas Long said on Thursday. One of Energy Transfer's partners in the PGC pipeline, Magellan Midstream Partners LP, said in March it was not likely the project would go forward as planned. The proposed project would have carried 1 million barrels per day (bpd) to the Gulf Coast.
The company seems poised for lots of growth in 2019 with some big projects underway, but it looks questionable beyond that after a series of pipeline cancellations.
Magellan Midstream Partners LP believes a proposed Midland origin point will attract sufficient commitments from shippers to proceed with a long-haul crude pipeline from the U.S. oil storage hub in Cushing, Oklahoma, to Houston, Chief Executive Michael Mears said on Wednesday. The Houston pipeline operator decided not to pursue its Permian Gulf Coast pipeline project in March after it was unable to obtain enough commitments to proceed, but it has received "significant" market feedback its Midland origin would be attractive, Mears told investors in a conference call.
Enterprise Products’ Q1 Earnings Beat Estimates(Continued from Prior Part)EPD’s capital projectsEnterprise Products Partners (EPD) spent $1.2 billion on capital projects in the first quarter. It expects to invest $3.4 billion to $3.8 billion on
Enterprise Products’ Q1 Earnings Beat EstimatesEPD’s Q1 performanceEnterprise Products Partners (EPD) reported 18% growth in its first-quarter earnings today. EPD’s adjusted EBITDA rose from $1,687 million in Q1 2018 to $1,986 million in the
On a per-share basis, the Tulsa, Oklahoma-based company said it had profit of 91 cents. Earnings, adjusted for non-recurring costs, were $1.06 per share. The results beat Wall Street expectations. The ...