This company has been acquired
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
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 6/6 |
MMP Community Fair Values
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Magellan Midstream Partners, L.P. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$69.00 |
| 52 Week High | US$69.90 |
| 52 Week Low | US$45.86 |
| Beta | 0.91 |
| 1 Month Change | 5.28% |
| 3 Month Change | 12.10% |
| 1 Year Change | 48.39% |
| 3 Year Change | 97.71% |
| 5 Year Change | 0.70% |
| Change since IPO | 1,050.00% |
Recent News & Updates
Magellan Holders Now Own ONEOK; There Are Better Values In The Space
Sep 23Magellan Midstream: Overvalued, But Hold For Solid Dividend Yield
Aug 08Recent updates
Magellan Holders Now Own ONEOK; There Are Better Values In The Space
Sep 23Magellan Midstream: Overvalued, But Hold For Solid Dividend Yield
Aug 08ONEOK Is A Buy With Or Without Magellan Midstream
Jun 23Magellan Midstream: Long-Term Investors Should Reject The ONEOK Deal
Jun 178% Yielding Magellan Midstream Is A Dream Recession Retirement Strong Buy
Feb 02Magellan Midstream Partners declares $1.0475 dividend
Jan 24Magellan Midstream: A Worthy Portfolio Diversifier But Coverage Is Tight
Jan 048.5% Yielding Magellan Is The Gift That Keeps On Giving
Dec 22Better High Yield Buy: Magellan Midstream Or Plains?
Dec 07Magellan Midstream: 8% Yield With Buybacks And Low Leverage
Nov 07Magellan Midstream Partners Q3 2022 Earnings Preview
Oct 26Magellan Midstream Partners raises dividend by 1% to $1.0475
Oct 20Magellan Midstream Is A 9% Yield You Can Trust In These Crazy Times
Oct 06Magellan Midstream: Strong Yields Yes, But Not A Buy Now
Sep 13Magellan Midstream Partners: A Very Misunderstood Partnership
Aug 28Better High Yield Buy After Q2 Results: NuStar Or Magellan?
Aug 13Magellan Midstream Partners: Still Cheap And Still Buying Back Units
Aug 01Magellan Midstream Partners declares $1.0375 dividend
Jul 21Inflation Won't Interrupt Cash Flows For Magellan Midstream
Jul 08Use The Selloff To Buy Magellan Midstream As Unit Repurchases Accelerate
Jun 228% Yielding Magellan Midstream Can Help You Retire In Safety And Splendor
Jun 10Magellan Midstream Partners: Attractive, But Risky
May 12Magellan Midstream Partners: Former Bear Upgrades The Stock
Apr 11Magellan Midstream: The Safest 8.4% Yield On Wall Street Is Ready To Roar
Mar 11Magellan Midstream Partners Is An Under The Radar Investment
Feb 07Technical Update On Magellan Midstream Partners - 8.5%
Jan 22Magellan Midstream: Stepping Up Return Of Capital To Unitholders
Jan 13Magellan Midstream Partners: A Steady Income Stock To Buy In 2022
Jan 01Magellan Midstream: Your Opportunity Is Knocking On This High Yielder
Nov 29Magellan Midstream Partners: Who Wants To Become A High Yield MLP Investor?
Oct 24Magellan Midstream Partners LP Is A Buy Paying A 9% Yield
Oct 08A Continued Refined Products Demand Recovery Will Benefit Magellan Midstream
Sep 23Magellan Midstream Partners: Still Worth Their Pre-Covid-19 Price, Near 30% Upside
Sep 173 Reasons 8.5% Yielding Magellan Midstream Is A Rich Retirement Dream Stock
Aug 16Magellan Midstream Partners: Distributions Are Near Their Ceiling In The Age Of Electric Vehicles
Jul 15Shareholder Returns
| MMP | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | 0.04% | -1.4% | 0.2% |
| 1Y | 48.4% | -3.1% | 10.0% |
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
| MMP volatility | |
|---|---|
| MMP Average Weekly Movement | 1.9% |
| Oil and Gas Industry Average Movement | 5.6% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2000 | 1,655 | Aaron Milford | www.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
| MMP fundamental statistics | |
|---|---|
| Market cap | US$13.94b |
| Earnings (TTM) | US$1.03b |
| Revenue (TTM) | US$3.48b |
Is MMP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MMP income statement (TTM) | |
|---|---|
| Revenue | US$3.48b |
| Cost of Revenue | US$1.80b |
| Gross Profit | US$1.68b |
| Other Expenses | US$654.00m |
| Earnings | US$1.03b |
Last Reported Earnings
Jun 30, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.09 |
| Gross Margin | 48.28% |
| Net Profit Margin | 29.51% |
| Debt/Equity Ratio | 290.7% |
How did MMP perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/09/26 00:36 |
| End of Day Share Price | 2023/09/22 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Richard Gross | Barclays |
| Danilo Juvane | BMO Capital Markets Equity Research |