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Last $82.70 USD
Change Today +0.39 / 0.47%
Volume 460.0K
MMP On Other Exchanges
New York
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

Previous Close
Day High
Day Low
52 Week High
11/21/14 - $90.08
52 Week Low
10/14/14 - $66.36
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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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
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.


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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

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