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Last $83.01 USD
Change Today +0.82 / 1.00%
Volume 359.2K
MMP On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

magellan midstream partners (MMP) Snapshot

Open
$81.70
Previous Close
$82.19
Day High
$83.25
Day Low
$81.57
52 Week High
11/21/14 - $90.08
52 Week Low
10/14/14 - $66.36
Market Cap
18.9B
Average Volume 10 Days
388.3K
EPS TTM
$2.97
Shares Outstanding
227.4M
EX-Date
04/30/15
P/E TM
27.9x
Dividend
$2.87
Dividend Yield
3.28%
Current Stock Chart for MAGELLAN MIDSTREAM PARTNERS (MMP)

magellan midstream partners (MMP) Related Businessweek News

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magellan midstream partners (MMP) Details

Magellan Midstream Partners transports, stores, and distributes refined petroleum products. Its pipelines run from the Texas Gulf Coast to Colorado, Illinois, Minnesota, and North Dakota. It also pipes ammonia Texas and Oklahoma to the Midwest. Customers include independent and integrated oil companies, wholesalers, retailers, railroads, airlines, and regional farm cooperatives. The company was founded in 2000 and is based in Tulsa.

1,565 Employees
Last Reported Date: 02/20/15
Founded in 2000

magellan midstream partners (MMP) Top Compensated Officers

Chairman of Magellan GP LLC, Chief Executive ...
Total Annual Compensation: $557.1K
Senior Vice President of Magellan GP LLC, Gen...
Total Annual Compensation: $321.5K
Senior Vice President of Commercial - Magella...
Total Annual Compensation: $292.7K
Senior Vice President of Human Resources and ...
Total Annual Compensation: $283.5K
Senior Vice President of Business Development...
Total Annual Compensation: $334.5K
Compensation as of Fiscal Year 2014.

magellan midstream partners (MMP) Key Developments

Magellan Midstream Partners, L.P. Appoints Aaron Milford as Chief Financial Officer

Magellan Midstream Partners, L.P. announced that Aaron Milford has been promoted to chief financial officer effective May 18, 2015. Milford previously served as vice president of crude oil business development for Magellan. Milford has worked in the energy industry for 20 years with extensive experience in financial analysis, mergers and acquisitions and business development. He has spent his entire career with Magellan or its predecessors.

Magellan Midstream Partners LP Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Magellan Midstream Partners LP reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $522.090 million compared to $618.606 million a year ago. Operating profit was $219.811 million compared to $275.089 million a year ago. Income before provision for income taxes was $184.794 million compared to $243.775 million a year ago. Net income was $183.636 million or $0.81 per basic and diluted share compared to $242.554 million or $1.07 per basic and diluted share a year ago. Adjusted EBITDA was $284.934 million compared to $299.095 million a year ago. The decrease in current year net income was driven by reduced profits from the partnership's commodity-related activities, due to both lower realized commodity prices on these activities and the timing of mark-to-market (MTM) pricing adjustments for the related hedging positions, partially offset by higher contributions from Magellan's core fee-based transportation and terminal activities. Diluted net income per unit excluding MTM commodity-related pricing adjustments, a non-GAAP financial measure, was 83 cents for first quarter 2015, slightly higher than the 80-cent guidance provided by management in Feb. 2015. The company reported that including actual results generated during the first quarter, net income per limited partner unit is estimated to be 75 cents for second-quarter of 2015. The company reported that including actual results generated during the first quarter, net income per limited partner unit is estimated to be $3.10 for 2015. Net income expected to be $705.0 million, adjusted EBITDA to be $1,105,000. The company is raising its 2015 DCF guidance by $30 million to $870 million, resulting in 1.3 times the amount needed to pay cash distributions for 2015. The higher DCF guidance primarily reflects solid financial results to date and higher commodity prices than initially expected for the year.

Magellan Midstream Mulls Aquisitions

Magellan Midstream Partners LP (NYSE:MMP) is seeking acquisitions. Magellan continues to evaluate well in excess of $500 million of potential growth projects in earlier stages of development as well as additional acquisition opportunities, as per the company's first quarter financial results.

 

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Industry Analysis

MMP

Industry Average

Valuation MMP Industry Range
Price/Earnings 24.2x
Price/Sales 8.6x
Price/Book 10.1x
Price/Cash Flow 20.1x
TEV/Sales 7.1x
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