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Last $71.94 USD
Change Today +0.75 / 1.05%
Volume 764.7K
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

magellan midstream partners (MMP) Snapshot

Open
$71.14
Previous Close
$71.19
Day High
$72.91
Day Low
$70.79
52 Week High
11/21/14 - $90.08
52 Week Low
08/6/15 - $61.37
Market Cap
16.4B
Average Volume 10 Days
818.9K
EPS TTM
$3.09
Shares Outstanding
227.4M
EX-Date
08/5/15
P/E TM
23.3x
Dividend
$2.96
Dividend Yield
3.92%
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 LP Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015; Provides Capital Expenditure Guidance for the Year 2016

Magellan Midstream Partners LP announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Net income for the quarter was $177.4 million, or $0.78 per basic and diluted share, up from $146.3 million, or $0.64 per basic and diluted share in the second quarter of 2014. Total revenues were $487.5 million, down from $496.4 million reported for the same period last year. Operating profit was $207.8 million against $178.2 million reported last year. Income before provision for income taxes was $177.2 million against $147.6 million reported last year. Adjusted EBITDA was $281.6 million against $248 million reported last year. For the six months, the company reported net income of $361.03 million or $1.59 per basic and diluted share on total revenue of $1,009.6 million compared to net income of $388.8 million or $1.71 per basic and diluted share on total revenue of $1,115.05 million reported in the same period last year. Operating profit was $427.6 million against $453.3 million reported last year. Income before provision for income taxes was $362 million against $391.4 million reported last year. Adjusted EBITDA was $566.5 million against $547.1 million reported last year. The company expects net income to be $0.68 per share in the third quarter of 2015 The company expects net income to be $3.15 per share for full year 2015. Net income is expected to be $715,000 and Adjusted EBITDA is expected to be $1,115,000. Capital spending is expected to be $850 million. Management is raising its 2015 distributable cash flow guidance by $10 million to $880 million, resulting in 1.3 times the amount needed to pay expected cash distributions for 2015. For the year 2016, capital spending is expected to be $550 million.

Magellan Midstream Seeks Acquisitions

Magellan Midstream Partners LP (NYSE:MMP) is looking for acquisition opportunities. 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.

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.

 

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Industry Analysis

MMP

Industry Average

Valuation MMP Industry Range
Price/Earnings 20.0x
Price/Sales 7.4x
Price/Book 8.5x
Price/Cash Flow 16.7x
TEV/Sales 5.8x
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