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Last $70.40 USD
Change Today -1.29 / -1.80%
Volume 437.6K
MMP On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

magellan midstream partners (MMP) Snapshot

Open
$71.50
Previous Close
$71.69
Day High
$71.91
Day Low
$70.22
52 Week High
11/21/14 - $90.08
52 Week Low
10/14/14 - $66.36
Market Cap
16.0B
Average Volume 10 Days
824.6K
EPS TTM
$2.97
Shares Outstanding
227.4M
EX-Date
08/5/15
P/E TM
23.7x
Dividend
$2.96
Dividend Yield
3.86%
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. Declares Quarterly Cash Distribution for the Period April 1 Through June 30, 2015, Payable on August 14, 2015

The board of directors of Magellan Midstream Partners, L.P. has increased the partnership's quarterly cash distribution to 74 cents per unit for the period April 1 through June 30, 2015. The second-quarter 2015 distribution is 16% higher than the second-quarter 2014 distribution of 64 cents per unit and represents a 3% increase over the first-quarter 2015 distribution of 71.75 cents. The new distribution, which equates to $2.96 per unit on an annualized basis, will be paid Aug. 14 to unit holders of record at the close of business on Aug. 7, 2015.

Magellan Midstream Partners L.P and LBC Tank Terminals Form JV to Build Terminal and Pipeline Infrastructure

Magellan Midstream Partners L.P (MMP) and LBC Tank Terminals announced that they have formed 50/50 limited liability company Seabrook Logistics to own and operate crude oil storage and pipeline infrastructure in the Houston Gulf Coast area. The assets to be constructed and owned by the joint venture include over 700,000 barrels of new crude oil storage and other distribution infrastructure located adjacent to LBC Tank's existing terminal in Seabrook, TX. In addition, the JV will construct and own a new 18-inch diameter pipeline, which will connect the new storage to an existing third party pipeline that will transport crude oil to a Houston-area refinery.

Magellan Midstream Partners LP Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-23-2015 02:00 PM

Magellan Midstream Partners LP Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-23-2015 02:00 PM. Venue: Credit Suisse Offices, One Madison Avenue, 12th Floor, New York, New York, United States. Speakers: Michael N. Mears, Chairman of Magellan GP LLC, Chief Executive Officer of Magellan GP LLC and President of Magellan GP LLC.

 

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MMP:US $70.40 USD -1.29

MMP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
MarkWest Energy Partners LP $65.44 USD +0.73
Noble Energy Inc $35.23 USD -0.92
Pioneer Natural Resources Co $126.77 USD -3.17
Spectra Energy Partners LP $48.54 USD -0.94
WEC Energy Group Inc $49.00 USD +0.23
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Industry Analysis

MMP

Industry Average

Valuation MMP Industry Range
Price/Earnings 20.5x
Price/Sales 7.3x
Price/Book 8.5x
Price/Cash Flow 17.1x
TEV/Sales 5.8x
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