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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 percentage | 20.1% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.04% |
| Management average tenure | 4yrs |
| Board average tenure | 7.3yrs |
Recent management updates
Recent 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 15Magellan Midstream: An 8.11%-Yielder To Consider
Jun 19Why Magellan Midstream Partners May Soon Be Buying Back Units Hand-Over-Fist
May 04Magellan Midstream Partners Q1 2021 Earnings Preview
Apr 28Magellan Midstream sees distributions holding steady for rest of 2021
Feb 02Magellan Midstream Partners Q4 2020 Earnings Preview
Feb 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$971m |
| Dec 31 2022 | US$4m | US$769k | US$859m |
| Sep 30 2022 | n/a | n/a | US$906m |
| Jun 30 2022 | n/a | n/a | US$799m |
| Mar 31 2022 | n/a | n/a | US$882m |
| Dec 31 2021 | US$4m | US$627k | US$932m |
| Sep 30 2021 | n/a | n/a | US$876m |
| Jun 30 2021 | n/a | n/a | US$860m |
| Mar 31 2021 | n/a | n/a | US$725m |
| Dec 31 2020 | US$3m | US$614k | US$788m |
| Sep 30 2020 | n/a | n/a | US$897m |
| Jun 30 2020 | n/a | n/a | US$965m |
| Mar 31 2020 | n/a | n/a | US$1b |
| Dec 31 2019 | US$3m | US$507k | US$988m |
| Sep 30 2019 | n/a | n/a | US$1b |
| Jun 30 2019 | n/a | n/a | US$1b |
| Mar 31 2019 | n/a | n/a | US$1b |
| Dec 31 2018 | US$2m | US$441k | US$1b |
| Sep 30 2018 | n/a | n/a | US$1b |
| Jun 30 2018 | n/a | n/a | US$862m |
| Mar 31 2018 | n/a | n/a | US$858m |
| Dec 31 2017 | US$2m | US$366k | US$870m |
| Sep 30 2017 | n/a | n/a | US$845m |
| Jun 30 2017 | n/a | n/a | US$841m |
| Mar 31 2017 | n/a | n/a | US$818m |
| Dec 31 2016 | US$1m | US$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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.3yrs | US$3.83m | 0.041% $ 5.8m | |
| Principal Accounting Officer | 16.7yrs | US$2.51m | 0.025% $ 3.5m | |
| SVP, General Counsel | 12.6yrs | US$1.59m | 0.035% $ 4.9m | |
| Executive VP & Chief Commercial Officer of Magellan GP LLC | 7.4yrs | US$1.91m | 0.019% $ 2.7m | |
| Senior Vice President of Operations | less than a year | no data | 0.0012% $ 165.9k | |
| Senior Vice President of Technical Services - Magellan GP LLC | 4yrs | no data | 0.036% $ 5.0m | |
| Senior Vice President of Human Resources & Administration | 19.7yrs | US$1.84m | no data | |
| Associate Vice President of Investor Relations - Magellan GP LLC | no data | no data | no data | |
| Senior Vice President of Commercial & Refined Products - Magellan GP LLC | 2.3yrs | no data | 0.0018% $ 246.8k | |
| Senior Vice President of Commercial – Crude Oil of Magellan GP | less than a year | no data | 0.0015% $ 206.4k | |
| Secretary of Magellan GP LLC | no data | no data | no data | |
| Secretary | no data | no data | no data |
4.0yrs
Average Tenure
51yo
Average Age
Experienced Management: MMP's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.3yrs | US$3.83m | 0.041% $ 5.8m | |
| Independent Chairman of the Board of Magellan GP LLC | 14.3yrs | US$316.72k | 0.014% $ 2.0m | |
| Independent Director of Magellan GP LLC | 14yrs | US$269.50k | 0.0026% $ 359.8k | |
| Independent Director of Magellan GP LLC | 19.8yrs | US$272.50k | 0.014% $ 1.9m | |
| Independent Director of Magellan GP LLC | 4.3yrs | US$252.50k | 0.023% $ 3.2m | |
| Independent Director of Magellan GP LLC | 7.3yrs | US$258.50k | 0.0010% $ 146.4k | |
| Independent Director of Magellan GP LLC | 8.4yrs | US$273.50k | 0.0072% $ 1.0m | |
| Independent Director of Magellan GP LLC | 7.3yrs | US$265.51k | 0.00099% $ 138.1k | |
| Independent Director of Magellan GP | 1.3yrs | US$166.52k | 0.00052% $ 72.5k |
7.3yrs
Average Tenure
62yo
Average Age
Experienced Board: MMP's board of directors are considered experienced (7.3 years average tenure).