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 Management

Management criteria checks 4/4

Magellan Midstream Partners' CEO is Aaron Milford, appointed in May 2022, has a tenure of 1.33 years. total yearly compensation is $3.83M, comprised of 20.1% salary and 79.9% bonuses, including company stock and options. directly owns 0.041% of the company’s shares, worth $5.78M. The average tenure of the management team and the board of directors is 4 years and 7.3 years respectively.

Key information

Aaron Milford

Chief executive officer

US$3.8m

Total compensation

CEO salary percentage20.11%
CEO tenure1.3yrs
CEO ownership0.04%
Management average tenure4yrs
Board average tenure7.3yrs

Recent management 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

CEO Compensation Analysis

How has Aaron Milford's remuneration changed compared to Magellan Midstream Partners's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2023n/an/a

US$1b

Mar 31 2023n/an/a

US$971m

Dec 31 2022US$4mUS$769k

US$859m

Sep 30 2022n/an/a

US$906m

Jun 30 2022n/an/a

US$799m

Mar 31 2022n/an/a

US$882m

Dec 31 2021US$4mUS$627k

US$932m

Sep 30 2021n/an/a

US$876m

Jun 30 2021n/an/a

US$860m

Mar 31 2021n/an/a

US$725m

Dec 31 2020US$3mUS$614k

US$788m

Sep 30 2020n/an/a

US$897m

Jun 30 2020n/an/a

US$965m

Mar 31 2020n/an/a

US$1b

Dec 31 2019US$3mUS$507k

US$988m

Sep 30 2019n/an/a

US$1b

Jun 30 2019n/an/a

US$1b

Mar 31 2019n/an/a

US$1b

Dec 31 2018US$2mUS$441k

US$1b

Sep 30 2018n/an/a

US$1b

Jun 30 2018n/an/a

US$862m

Mar 31 2018n/an/a

US$858m

Dec 31 2017US$2mUS$366k

US$870m

Sep 30 2017n/an/a

US$845m

Jun 30 2017n/an/a

US$841m

Mar 31 2017n/an/a

US$818m

Dec 31 2016US$1mUS$295k

US$803m

Compensation vs Market: Aaron's total compensation ($USD3.83M) is below average for companies of similar size in the US market ($USD12.28M).

Compensation vs Earnings: Aaron's compensation has been consistent with company performance over the past year.

CEO

Aaron Milford (49 yo)

1.3yrs
Tenure
US$3,825,847
Compensation

Mr. Aaron L. Milford serves as President & Chief Executive Officer and Director at Magellan GP, LLC, General Partner of Magellan Midstream Partners, L. P. since May 01, 2022 and had been its Chief Operatin...

Leadership Team

NamePositionTenureCompensationOwnership
Aaron Milford
President1.3yrsUS$3.83m0.041%
$ 5.8m
Jeffrey Holman
Principal Accounting Officer16.7yrsUS$2.51m0.025%
$ 3.5m
Douglas May
SVP, General Counsel12.6yrsUS$1.59m0.035%
$ 4.9m
Michael Aaronson
Executive VP & Chief Commercial Officer of Magellan GP LLC7.4yrsUS$1.91m0.019%
$ 2.7m
James Hoskin
Senior Vice President of Operationsless than a yearno data0.0012%
$ 165.9k
Michael Pearson
Senior Vice President of Technical Services - Magellan GP LLC4yrsno data0.036%
$ 5.0m
Lisa Korner
Senior Vice President of Human Resources & Administration19.7yrsUS$1.84mno data
Paula Farrell
Associate Vice President of Investor Relations - Magellan GP LLCno datano datano data
Mark Roles
Senior Vice President of Commercial & Refined Products - Magellan GP LLC2.3yrsno data0.0018%
$ 246.8k
Kyle Krshka
Senior Vice President of Commercial – Crude Oil of Magellan GPless than a yearno data0.0015%
$ 206.4k
Suzanne Costin
Secretary of Magellan GP LLCno datano datano data
Richard Carson
Secretaryno datano datano data
4.0yrs
Average Tenure
51yo
Average Age

Experienced Management: MMP's management team is considered experienced (4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Aaron Milford
President1.3yrsUS$3.83m0.041%
$ 5.8m
Barry Pearl
Independent Chairman of the Board of Magellan GP LLC14.3yrsUS$316.72k0.014%
$ 2.0m
Walter Arnheim
Independent Director of Magellan GP LLC14yrsUS$269.50k0.0026%
$ 359.8k
James Montague
Independent Director of Magellan GP LLC19.8yrsUS$272.50k0.014%
$ 1.9m
Chansoo Joung
Independent Director of Magellan GP LLC4.3yrsUS$252.50k0.023%
$ 3.2m
Lori Gobillot
Independent Director of Magellan GP LLC7.3yrsUS$258.50k0.0010%
$ 146.4k
Stacy Methvin
Independent Director of Magellan GP LLC8.4yrsUS$273.50k0.0072%
$ 1.0m
Edward Guay
Independent Director of Magellan GP LLC7.3yrsUS$265.51k0.00099%
$ 138.1k
Sivasankaran Somasundaram
Independent Director of Magellan GP1.3yrsUS$166.52k0.00052%
$ 72.5k
7.3yrs
Average Tenure
62yo
Average Age

Experienced Board: MMP's board of directors are considered experienced (7.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/09/26 11:34
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 28 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