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Magellan Midstream Partners Future Growth

Future criteria checks 1/6

Magellan Midstream Partners's earnings is forecasted to decline at -1.7% per annum while its annual revenue is expected to grow at 1.9% per year. EPS is expected to decline by 0.9%. Return on equity is forecast to be 48.8% in 3 years.

Key information

-1.7%

Earnings growth rate

-0.9%

EPS growth rate

Oil and Gas earnings growth	2.5%
Revenue growth rate	1.9%
Future return on equity	48.8%
Analyst coverage	Low
Last updated	25 Sep 2023

Recent future growth updates

Recent updates

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

Magellan Midstream: An 8.11%-Yielder To Consider

Jun 19

Why Magellan Midstream Partners May Soon Be Buying Back Units Hand-Over-Fist

May 04

Magellan Midstream Partners Q1 2021 Earnings Preview

Apr 28

Magellan Midstream sees distributions holding steady for rest of 2021

Feb 02

Magellan Midstream Partners Q4 2020 Earnings Preview

Feb 01

Earnings and Revenue Growth Forecasts

NYSE:MMP - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	3,562	1,066	1,195	1,307	3
12/31/2024	3,501	1,043	1,173	1,297	3
12/31/2023	3,460	1,039	1,103	1,358	3
6/30/2023	3,484	1,028	1,316	1,500	N/A
3/31/2023	3,395	971	1,218	1,392	N/A
12/31/2022	3,200	859	966	1,141	N/A
9/30/2022	3,149	906	934	1,106	N/A
6/30/2022	2,912	799	833	1,000	N/A
3/31/2022	2,777	882	892	1,056	N/A
12/31/2021	2,733	932	1,048	1,196	N/A
9/30/2021	2,482	876	973	1,146	N/A
6/30/2021	2,419	860	926	1,137	N/A
3/31/2021	2,205	725	682	963	N/A
12/31/2020	2,322	788	683	1,108	N/A
9/30/2020	2,505	897	656	1,239	N/A
6/30/2020	2,585	965	577	1,314	N/A
3/31/2020	2,847	1,089	589	1,499	N/A
12/31/2019	2,601	988	397	1,320	N/A
9/30/2019	2,853	1,048	515	1,412	N/A
6/30/2019	2,834	1,370	539	1,359	N/A
3/31/2019	2,777	1,331	622	1,282	N/A
12/31/2018	2,827	1,334	801	1,353	N/A
9/30/2018	2,634	1,258	667	1,181	N/A
6/30/2018	2,569	862	615	1,112	N/A
3/31/2018	2,544	858	626	1,142	N/A
12/31/2017	2,508	870	573	1,131	N/A
9/30/2017	2,449	845	564	1,139	N/A
6/30/2017	2,428	841	495	1,141	N/A
3/31/2017	2,328	818	N/A	1,021	N/A
12/31/2016	2,205	803	N/A	973	N/A
9/30/2016	2,164	797	N/A	985	N/A
6/30/2016	2,198	853	N/A	1,062	N/A
3/31/2016	2,178	843	N/A	1,088	N/A
12/31/2015	2,188	819	N/A	1,070	N/A
9/30/2015	2,339	864	N/A	1,118	N/A
6/30/2015	2,274	812	N/A	1,045	N/A
3/31/2015	2,272	781	N/A	1,028	N/A
12/31/2014	2,360	840	N/A	1,107	N/A
9/30/2014	2,214	777	N/A	960	N/A
6/30/2014	2,136	704	N/A	911	N/A
3/31/2014	2,084	712	N/A	876	N/A
12/31/2013	1,948	582	N/A	773	N/A
9/30/2013	1,823	546	N/A	759	N/A
6/30/2013	1,705	471	N/A	646	N/A
3/31/2013	1,711	455	N/A	722	N/A
12/31/2012	1,772	436	N/A	646	N/A
9/30/2012	1,756	392	N/A	563	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMP's earnings are forecast to decline over the next 3 years (-1.7% per year).

Earnings vs Market: MMP's earnings are forecast to decline over the next 3 years (-1.7% per year).

High Growth Earnings: MMP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MMP's revenue (1.9% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: MMP's revenue (1.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MMP's Return on Equity is forecast to be very high in 3 years time (48.8%).

This company has been acquired

Magellan Midstream Partners Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Magellan Midstream Partners, L.P. Provides Earnings Guidance for the Third Quarter and Full Year of 2023

Price target increased by 10% to US$63.35

Magellan Midstream Partners, L.P. Provides Earnings Guidance for the First Quarter and Full Year 2023

Consensus revenue estimates increase by 10%

Magellan Midstream Provides Earnings Guidance for Second Quarter and Full Year of 2022

Consensus EPS estimates increase to US$4.07

Recent updates

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

Unitholders File Six Lawsuits Against Magellan Midstream Partners, L.P

Magellan Midstream Partners, L.P. Declares Special Cash Distribution, Payable on September 25, 2023

Energy Income Partners Responds to Magellan Midstream Partners Scare Tactics

Energy Income Partners, LLC Launches a Website

Magellan Midstream: Overvalued, But Hold For Solid Dividend Yield

Magellan Midstream Partners, L.P. Provides Earnings Guidance for the Third Quarter and Full Year of 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$1.18 (vs US$0.86 in 2Q 2022)

Magellan Midstream Declares Cash Distribution for Second Quarter of 2023, Payable on August 14, 2023

Magellan Midstream Partners, L.P. to Report Q2, 2023 Results on Aug 03, 2023

ONEOK Is A Buy With Or Without Magellan Midstream

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

Price target increased by 10% to US$63.35

ONEOK, Inc. (NYSE:OKE) entered into a definitive merger agreement to acquire Magellan Midstream Partners, L.P. (NYSE:MMP) for $13.8 billion.

Investor sentiment improves as stock rises 15%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Magellan Midstream Partners, L.P. Provides Earnings Guidance for the First Quarter and Full Year 2023

Consensus revenue estimates increase by 10%

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

Upcoming dividend of US$1.05 per share at 7.7% yield

President exercised options to buy US$998k worth of stock.

Magellan Midstream Partners, L.P. Declares Quarterly Cash Distribution for the Period October 1, 2022 Through December 31, 2022, Payable on February 14, 2023

Magellan Midstream Partners declares $1.0475 dividend

Magellan Midstream: A Worthy Portfolio Diversifier But Coverage Is Tight

Magellan Midstream Partners, L.P. to Report Q4, 2022 Results on Feb 02, 2023

8.5% Yielding Magellan Is The Gift That Keeps On Giving

Magellan Midstream Partners, L.P. Announces Resignation of Melanie Little as Executive Vice President and Chief Operating Officer, Effective January 1, 2023

Better High Yield Buy: Magellan Midstream Or Plains?

Independent Director of Magellan GP LLC recently sold US$155k worth of stock

Magellan Midstream: 8% Yield With Buybacks And Low Leverage

Now 20% undervalued

Upcoming dividend of US$1.05 per share

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Magellan Midstream Partners Q3 2022 Earnings Preview

Magellan Midstream Partners, L.P. Declares A Quarterly Cash Distribution for Third Quarter 2022, Payable on November 14, 2022

Magellan Midstream Partners raises dividend by 1% to $1.0475

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

Magellan Midstream Partners, L.P. to Report Q3, 2022 Results on Oct 27, 2022

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

Magellan Midstream Partners: A Very Misunderstood Partnership

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

Magellan Midstream Partners: Still Cheap And Still Buying Back Units

Upcoming dividend of US$1.04 per share

Magellan Midstream Partners, L.P. Declares Cash Distribution for the Second Quarter 2022, Payable on August 12, 2022

Magellan Midstream Partners declares $1.0375 dividend

Inflation Won't Interrupt Cash Flows For Magellan Midstream

Magellan Midstream Partners, L.P. to Report Q2, 2022 Results on Jul 28, 2022

Use The Selloff To Buy Magellan Midstream As Unit Repurchases Accelerate

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

Magellan Midstream Partners: Attractive, But Risky

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Magellan Midstream Provides Earnings Guidance for Second Quarter and Full Year of 2022

Converge Midstream, LLC Files Suit Against Magellan Crude Oil Pipeline Company, L.P. and Magellan Midstream Partners, L.P

Insufficient new directors

Magellan Midstream Partners, L.P. Announces Board Changes

Magellan Midstream Partners, L.P. Declares Quarterly Cash Distribution for Period Ended March 31, 2022, Payable on May 13, 2022

Magellan Midstream Partners: Former Bear Upgrades The Stock

Magellan Midstream Partners, L.P. to Report Q1, 2022 Results on May 05, 2022

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

Senior VP recently sold US$572k worth of stock

Magellan Midstream Partners, L.P., Annual General Meeting, Apr 21, 2022

Magellan Midstream Partners Is An Under The Radar Investment

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Chairman exercised options to buy US$1.8m worth of stock.

Technical Update On Magellan Midstream Partners - 8.5%

Magellan Midstream: Stepping Up Return Of Capital To Unitholders