Last $81.40 USD
Change Today -0.15 / -0.18%
Volume 357.7K
MMP On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

magellan midstream partners (MMP) Snapshot

Open
$81.38
Previous Close
$81.55
Day High
$81.50
Day Low
$80.27
52 Week High
11/21/14 - $90.08
52 Week Low
10/14/14 - $66.36
Market Cap
18.5B
Average Volume 10 Days
517.7K
EPS TTM
$3.55
Shares Outstanding
227.4M
EX-Date
02/4/15
P/E TM
22.9x
Dividend
$2.78
Dividend Yield
3.21%
Current Stock Chart for MAGELLAN MIDSTREAM PARTNERS (MMP)

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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 Prices $500 Million Debt Offering

Magellan Midstream Partners, L.P. announced that it has priced $500 million of senior notes, consisting of $250 million of its 3.20% senior notes due 2025, priced at 99.871% of par to yield 3.215% to maturity, and $250 million of its 4.20% senior notes due 2045, priced at 99.965% of par to yield 4.202% to maturity. The partnership intends to use the net proceeds from this offering of approximately $495.3 million, after deducting underwriting discounts and estimated offering expenses, for general partnership purposes and to repay borrowings outstanding under its revolving credit facility, if any, and its commercial paper program.

Magellan Midstream Partners LP Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of Fiscal 2015

Magellan Midstream Partners LP announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $667,070,000 compared with $577,438,000 for the same period a year ago. Operating profit was 295,087,000 compared with $223,470,000 for the same period a year ago. Income before provision for income taxes was $252,907,000 compared with $191,455,000 for the same period a year ago. Net income was $252,085,000 or $1.10 per diluted share compared with $190,007,000 or $0.83 per diluted share for the same period a year ago. Adjusted EBITDA was $303,559,000 compared with $289,791,000 for the same period a year ago. Distributable cash flow was $248,055,000 compared with $236,570,000 for the same period a year ago. For the full year, the company reported total revenues of $2,303,723,000 compared with $1,897,606,000 for the same period a year ago. Operating profit was $974,231,000 compared with $705,056,000 for the same period a year ago. Income before provision for income taxes was $844,139,000 compared with $586,850,000 for the same period a year ago. Net income was $839,519,000 or $3.69 per diluted share compared with $582,237,000 or $2.56 per diluted share for the same period a year ago. Adjusted EBITDA was $1,082,081,000 compared with $866,196,000 for the same period a year ago. Distributable cash flow was $880,469,000 compared with $669,720,000 for the same period a year ago. The company provided earnings guidance for the full year of fiscal 2015. For the year, the company expects to report adjusted EBITDA of $1,075,000,000, distributable cash flow of $840,000,000. Net income per limited partner unit is estimated to be $2.95 for 2015, with first-quarter guidance of 80 cents. Net income to be $672,000,000. The company expects maintenance capital spending to be approximately $85 million in 2015 compared to the $78 million in 2014.

Magellan Midstream Partners Mulls Acquisition

Magellan Midstream Partners LP (NYSE:MMP) is seeking acquisitions. Mike Mears, President and Chief Executive Officer of Magellan Midstream Partners, said in Magellan Midstream Partners earnings call, “And as always, we remain active in the acquisition arena and are looking for the right assets at a reasonable price that fit nicely with Magellan's fee based business model. We remain optimistic that the current environment may provide opportunities for us to acquire more attractive assets, but we intend to maintain our disciplined approach in the -- to acquisition prices.”

 

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Industry Analysis

MMP

Industry Average

Valuation MMP Industry Range
Price/Earnings 22.1x
Price/Sales 8.0x
Price/Book 9.9x
Price/Cash Flow 18.7x
TEV/Sales 6.7x
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