Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $82.70 USD
Change Today +0.39 / 0.47%
Volume 460.0K
MMP On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

magellan midstream partners (MMP) Snapshot

Open
$82.36
Previous Close
$82.31
Day High
$83.29
Day Low
$82.32
52 Week High
11/21/14 - $90.08
52 Week Low
10/14/14 - $66.36
Market Cap
18.8B
Average Volume 10 Days
325.5K
EPS TTM
$3.22
Shares Outstanding
227.4M
EX-Date
04/30/15
P/E TM
25.7x
Dividend
$2.87
Dividend Yield
3.16%
Current Stock Chart for MAGELLAN MIDSTREAM PARTNERS (MMP)

magellan midstream partners (MMP) Related Businessweek News

View More BusinessWeek News

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
Chief Financial Officer of Magellan GP LLC an...
Total Annual Compensation: $318.6K
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
Compensation as of Fiscal Year 2014.

magellan midstream partners (MMP) Key Developments

Magellan Midstream Partners LP Appoints Stacy P. Methvin to the Partnership's Board of Directors as an Independent Director

Magellan Midstream Partners LP announced that Stacy P. Methvin was elected to the partnership's board of directors as an independent director at its annual meeting of limited partners held on April 23, 2015. Methvin was formerly Vice President, Refining Margin Optimization of Shell Oil Company until her retirement in 2012. Methvin also currently serves as a board member for Pioneer Natural Resources Co., Marquard & Bahls AG and several non-profit organizations.

Magellan Midstream Partners LP Increases First Quarter 2015 Cash Distribution, Payable on May 15, 2015

The board of directors of Magellan Midstream Partners, L.P. increased the partnership's quarterly cash distribution to 71.75 cents per unit for the period January 1, 2015 through March 31, 2015. The first-quarter 2015 distribution is 17% higher than the first-quarter 2014 distribution of 61.25 cents per unit and represents a 3% increase over the fourth-quarter 2014 distribution of 69.5 cents. The new distribution, which equates to $2.87 per unit on an annualized basis, will be paid May 15, 2015 to unit holders of record at the close of business on May 4, 2015.

TransCanada and Magellan Midstream to Partner on $50 Million Project Connecting Gulf Coast Terminals

TransCanada Corp. was partnering with Magellan Midstream Partners LP (MMP) on a $50 million project connecting TRP's new tank terminal in Houston with MMP's terminal nine miles away in East Houston. The companies plan to build a 24-inch diameter pipeline, sharing equal ownership stakes and providing TRP's Keystone and Marketlink shippers access to MMG's distribution system in Houston and Texas City. TRP plans to finish work on its tank terminal in Houston later this year. The new pipeline is slated for completion by late 2016. MMG is expected to develop additional infrastructure at its East Houston terminal to accommodate incoming crude oil from the new pipeline. It also will serve as construction manager and operator of the pipeline.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MMP:US $82.70 USD +0.39

MMP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Consolidated Edison Inc $61.69 USD -0.81
EQT Corp $86.09 USD -0.50
Eversource Energy $49.82 USD -0.47
Noble Energy Inc $49.77 USD -0.72
Xcel Energy Inc $34.41 USD -0.46
View Industry Companies
 

Industry Analysis

MMP

Industry Average

Valuation MMP Industry Range
Price/Earnings 22.3x
Price/Sales 8.1x
Price/Book 10.0x
Price/Cash Flow 18.9x
TEV/Sales 6.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MAGELLAN MIDSTREAM PARTNERS, please visit www.magellanlp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.