Magellan Midstream Partners, L.P.

NYSE:MMP Stock Report

Market Cap: US$13.9b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Magellan Midstream Partners (MMP) Stock Overview

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. More details

MMP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends6/6

MMP Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Magellan Midstream Partners, L.P. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Magellan Midstream Partners
Historical stock prices
Current Share PriceUS$69.00
52 Week HighUS$69.90
52 Week LowUS$45.86
Beta0.91
1 Month Change5.28%
3 Month Change12.10%
1 Year Change48.39%
3 Year Change97.71%
5 Year Change0.70%
Change since IPO1,050.00%

Recent News & Updates

Magellan Holders Now Own ONEOK; There Are Better Values In The Space

Sep 23

Magellan Midstream: Overvalued, But Hold For Solid Dividend Yield

Aug 08

Recent updates

Magellan Holders Now Own ONEOK; There Are Better Values In The Space

Sep 23

Magellan Midstream: Overvalued, But Hold For Solid Dividend Yield

Aug 08

ONEOK Is A Buy With Or Without Magellan Midstream

Jun 23

Magellan Midstream: Long-Term Investors Should Reject The ONEOK Deal

Jun 17

8% Yielding Magellan Midstream Is A Dream Recession Retirement Strong Buy

Feb 02

Magellan Midstream Partners declares $1.0475 dividend

Jan 24

Magellan Midstream: A Worthy Portfolio Diversifier But Coverage Is Tight

Jan 04

8.5% Yielding Magellan Is The Gift That Keeps On Giving

Dec 22

Better High Yield Buy: Magellan Midstream Or Plains?

Dec 07

Magellan Midstream: 8% Yield With Buybacks And Low Leverage

Nov 07

Magellan Midstream Partners Q3 2022 Earnings Preview

Oct 26

Magellan Midstream Partners raises dividend by 1% to $1.0475

Oct 20

Magellan Midstream Is A 9% Yield You Can Trust In These Crazy Times

Oct 06

Magellan Midstream: Strong Yields Yes, But Not A Buy Now

Sep 13

Magellan Midstream Partners: A Very Misunderstood Partnership

Aug 28

Better High Yield Buy After Q2 Results: NuStar Or Magellan?

Aug 13

Magellan Midstream Partners: Still Cheap And Still Buying Back Units

Aug 01

Magellan Midstream Partners declares $1.0375 dividend

Jul 21

Inflation Won't Interrupt Cash Flows For Magellan Midstream

Jul 08

Use The Selloff To Buy Magellan Midstream As Unit Repurchases Accelerate

Jun 22

8% Yielding Magellan Midstream Can Help You Retire In Safety And Splendor

Jun 10

Magellan Midstream Partners: Attractive, But Risky

May 12

Magellan Midstream Partners: Former Bear Upgrades The Stock

Apr 11

Magellan Midstream: The Safest 8.4% Yield On Wall Street Is Ready To Roar

Mar 11

Magellan Midstream Partners Is An Under The Radar Investment

Feb 07

Technical Update On Magellan Midstream Partners - 8.5%

Jan 22

Magellan Midstream: Stepping Up Return Of Capital To Unitholders

Jan 13

Magellan Midstream Partners: A Steady Income Stock To Buy In 2022

Jan 01

Magellan Midstream: Your Opportunity Is Knocking On This High Yielder

Nov 29

Magellan Midstream Partners: Who Wants To Become A High Yield MLP Investor?

Oct 24

Magellan Midstream Partners LP Is A Buy Paying A 9% Yield

Oct 08

A Continued Refined Products Demand Recovery Will Benefit Magellan Midstream

Sep 23

Magellan Midstream Partners: Still Worth Their Pre-Covid-19 Price, Near 30% Upside

Sep 17

3 Reasons 8.5% Yielding Magellan Midstream Is A Rich Retirement Dream Stock

Aug 16

Magellan Midstream Partners: Distributions Are Near Their Ceiling In The Age Of Electric Vehicles

Jul 15

Shareholder Returns

MMPUS Oil and GasUS Market
7D0.04%1.0%0.4%
1Y48.4%-1.2%12.5%

Return vs Industry: MMP exceeded the US Oil and Gas industry which returned 25.7% over the past year.

Return vs Market: MMP exceeded the US Market which returned 16.8% over the past year.

Price Volatility

Is MMP's price volatile compared to industry and market?
MMP volatility
MMP Average Weekly Movement1.9%
Oil and Gas Industry Average Movement6.8%
Market Average Movement7.2%
10% most volatile stocks in US Market17.3%
10% least volatile stocks in US Market3.7%

Stable Share Price: MMP has not had significant price volatility in the past 3 months.

Volatility Over Time: MMP's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20001,655Aaron Milfordwww.magellanlp.com

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates refined products pipeline that transports gasoline, diesel and aviation fuel, kerosene, and heating oil to refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. It also provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers.

Magellan Midstream Partners, L.P. Fundamentals Summary

How do Magellan Midstream Partners's earnings and revenue compare to its market cap?
MMP fundamental statistics
Market capUS$13.94b
Earnings (TTM)US$1.03b
Revenue (TTM)US$3.48b
13.6x
P/E Ratio
4.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MMP income statement (TTM)
RevenueUS$3.48b
Cost of RevenueUS$1.80b
Gross ProfitUS$1.68b
Other ExpensesUS$654.00m
EarningsUS$1.03b

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)5.09
Gross Margin48.28%
Net Profit Margin29.51%
Debt/Equity Ratio290.7%

How did MMP perform over the long term?

See historical performance and comparison

Dividends

6.1%
Current Dividend Yield
84%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/09/26 08:57
End of Day Share Price 2023/09/22 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Magellan Midstream Partners, L.P. is covered by 31 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Richard GrossBarclays
Danilo JuvaneBMO Capital Markets Equity Research