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Magellan Midstream Partners Past Earnings Performance
Past criteria checks 3/6
Magellan Midstream Partners's earnings have been declining at an average annual rate of -6.9%, while the Oil and Gas industry saw earnings growing at 28.2% annually. Revenues have been growing at an average rate of 3.8% per year. Magellan Midstream Partners's return on equity is 60%, and it has net margins of 29.5%.
Key information
-6.9%
Earnings growth rate
-4.7%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | 3.8% |
| Return on equity | 60.0% |
| Net Margin | 29.5% |
| Last Earnings Update | 30 Jun 2023 |
Recent past performance 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 01Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow Magellan Midstream Partners makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 23 | 3,484 | 1,028 | 268 | 0 |
| 31 Mar 23 | 3,395 | 971 | 251 | 0 |
| 31 Dec 22 | 3,200 | 859 | 253 | 0 |
| 30 Sep 22 | 3,149 | 906 | 241 | 0 |
| 30 Jun 22 | 2,912 | 799 | 228 | 0 |
| 31 Mar 22 | 2,777 | 882 | 229 | 0 |
| 31 Dec 21 | 2,733 | 932 | 213 | 0 |
| 30 Sep 21 | 2,482 | 876 | 208 | 0 |
| 30 Jun 21 | 2,419 | 860 | 203 | 0 |
| 31 Mar 21 | 2,205 | 725 | 187 | 0 |
| 31 Dec 20 | 2,322 | 788 | 177 | 0 |
| 30 Sep 20 | 2,505 | 897 | 173 | 0 |
| 30 Jun 20 | 2,585 | 965 | 184 | 0 |
| 31 Mar 20 | 2,847 | 1,089 | 198 | 0 |
| 31 Dec 19 | 2,601 | 988 | 207 | 0 |
| 30 Sep 19 | 2,853 | 1,048 | 209 | 0 |
| 30 Jun 19 | 2,834 | 1,370 | 205 | 0 |
| 31 Mar 19 | 2,777 | 1,331 | 202 | 0 |
| 31 Dec 18 | 2,827 | 1,334 | 210 | 0 |
| 30 Sep 18 | 2,634 | 1,258 | 206 | 0 |
| 30 Jun 18 | 2,569 | 862 | 196 | 0 |
| 31 Mar 18 | 2,544 | 858 | 187 | 0 |
| 31 Dec 17 | 2,508 | 870 | 174 | 0 |
| 30 Sep 17 | 2,449 | 845 | 164 | 0 |
| 30 Jun 17 | 2,428 | 841 | 160 | 0 |
| 31 Mar 17 | 2,328 | 818 | 149 | 0 |
| 31 Dec 16 | 2,205 | 803 | 149 | 0 |
| 30 Sep 16 | 2,164 | 797 | 151 | 0 |
| 30 Jun 16 | 2,198 | 853 | 153 | 0 |
| 31 Mar 16 | 2,178 | 843 | 157 | 0 |
| 31 Dec 15 | 2,188 | 819 | 150 | 0 |
| 30 Sep 15 | 2,339 | 864 | 150 | 0 |
| 30 Jun 15 | 2,274 | 812 | 147 | 0 |
| 31 Mar 15 | 2,272 | 781 | 149 | 0 |
| 31 Dec 14 | 2,360 | 840 | 148 | 0 |
| 30 Sep 14 | 2,214 | 777 | 146 | 0 |
| 30 Jun 14 | 2,136 | 704 | 143 | 0 |
| 31 Mar 14 | 2,084 | 712 | 137 | 0 |
| 31 Dec 13 | 1,948 | 582 | 132 | 0 |
| 30 Sep 13 | 1,823 | 546 | 129 | 0 |
| 30 Jun 13 | 1,705 | 471 | 124 | 0 |
| 31 Mar 13 | 1,711 | 455 | 116 | 0 |
| 31 Dec 12 | 1,772 | 436 | 109 | 0 |
| 30 Sep 12 | 1,756 | 392 | 105 | 0 |
Quality Earnings: MMP has high quality earnings.
Growing Profit Margin: MMP's current net profit margins (29.5%) are higher than last year (27.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MMP's earnings have declined by 6.9% per year over the past 5 years.
Accelerating Growth: MMP's earnings growth over the past year (28.7%) exceeds its 5-year average (-6.9% per year).
Earnings vs Industry: MMP earnings growth over the past year (28.7%) did not outperform the Oil and Gas industry 35.4%.
Return on Equity
High ROE: Whilst MMP's Return on Equity (59.96%) is outstanding, this metric is skewed due to their high level of debt.