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 Balance Sheet Health

Financial Health criteria checks 3/6

Magellan Midstream Partners has a total shareholder equity of $1.7B and total debt of $5.0B, which brings its debt-to-equity ratio to 290.7%. Its total assets and total liabilities are $7.6B and $5.9B respectively. Magellan Midstream Partners's EBIT is $1.1B making its interest coverage ratio 5.1. It has cash and short-term investments of $128.4M.

Key information

290.70%

Debt to equity ratio

US$4.98b

Debt

Interest coverage ratio5.1x
CashUS$128.40m
EquityUS$1.71b
Total liabilitiesUS$5.91b
Total assetsUS$7.63b

Recent financial health updates

No updates

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

Financial Position Analysis

Short Term Liabilities: MMP's short term assets ($737.3M) exceed its short term liabilities ($681.1M).

Long Term Liabilities: MMP's short term assets ($737.3M) do not cover its long term liabilities ($5.2B).


Debt to Equity History and Analysis

Debt Level: MMP's net debt to equity ratio (283.2%) is considered high.

Reducing Debt: MMP's debt to equity ratio has increased from 215.5% to 290.7% over the past 5 years.

Debt Coverage: MMP's debt is well covered by operating cash flow (30.1%).

Interest Coverage: MMP's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/09/26 15:36
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