|Bid||0.00 x 1000|
|Ask||48.48 x 1200|
|Day's Range||41.14 - 41.85|
|52 Week Range||22.02 - 67.75|
|Beta (5Y Monthly)||1.02|
|PE Ratio (TTM)||9.65|
|Earnings Date||Oct 29, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||4.11 (10.04%)|
|Ex-Dividend Date||Aug 06, 2020|
|1y Target Est||52.00|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Magellan Midstream Partners, L.P. New York, August 10, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Magellan Midstream Partners, L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Magellan Midstream's (MMP) distributable cash flow (DCF) of $209.5 million in the second quarter drops 33.4% from the year-ago level.
Demand for refined-petroleum products like gasoline and diesel fell off a cliff during the second quarter because of government-imposed travel restrictions to slow the spread of COVID-19. That had a significant impact on MLP Magellan Midstream Partners (NYSE: MMP), which operates the country's longest refined-products pipeline system.