MMP - Magellan Midstream Partners LP Stock Price, Fair Value and News

298.60USD+1.75 (+0.59%)Market Closed

Market Summary

USD298.60+1.75

Market Closed

0.59%

MMP Stock Price

View Fullscreen

MMP RSI Chart

MMP Valuation

Market Cap

57.8B

Price/Earnings (Trailing)

56.17

Price/Sales (Trailing)

16.6

EV/EBITDA

40.43

Price/Free Cashflow

43.96

MMP Price/Sales (Trailing)

MMP Profitability

EBT Margin

29.62%

Return on Equity

70.36%

Return on Assets

13.5%

Free Cashflow Yield

2.27%

MMP Fundamentals

MMP Revenue

Revenue (TTM)

3.5B

Rev. Growth (Yr)

11.24%

Rev. Growth (Qtr)

0.86%

MMP Earnings

Earnings (TTM)

1.0B

Earnings Growth (Yr)

-32.55%

Earnings Growth (Qtr)

-12.85%

Breaking Down MMP Revenue

Last 7 days

6.8%

Last 30 days

12.9%

Last 90 days

48.3%

Trailing 12 Months

64.7%

How does MMP drawdown profile look like?

MMP Financial Health

Current Ratio

1.08

Debt/Equity

3.41

Debt/Cashflow

0.3

MMP Investor Care

Buy Backs (1Y)

2.69%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	3.4B	3.5B	0	0
2022	2.8B	2.9B	3.1B	3.2B
2021	2.2B	2.4B	2.5B	2.7B
2020	2.8B	2.5B	2.4B	2.3B
2019	2.8B	2.8B	2.9B	2.6B
2018	2.5B	2.6B	2.6B	2.8B
2017	2.3B	2.4B	2.4B	2.5B
2016	2.2B	2.2B	2.2B	2.2B
2015	2.3B	2.2B	2.3B	2.2B
2014	2.1B	2.2B	2.3B	2.4B
2013	1.7B	1.7B	1.8B	1.9B
2012	1.8B	1.9B	1.8B	1.8B
2011	1.7B	1.6B	1.7B	1.7B
2010	1.1B	1.3B	1.5B	1.6B
2009	0	1.1B	1.1B	1.0B
2008	0	0	0	1.2B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Magellan Midstream Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Sep 25, 2023	somasundaram sivasankaran	back to issuer	-	-	-1,552	-
Sep 25, 2023	gobillot lori	back to issuer	-	-	-2,641	-
Sep 25, 2023	arnheim walter r	back to issuer	-	-	-5,204	-
Sep 25, 2023	pearl barry r	back to issuer	-	-	-28,464	-
Sep 25, 2023	methvin stacy p.	back to issuer	-	-	-14,620	-
Sep 25, 2023	may douglas j	back to issuer	-	-	-71,521	senior vice president
Sep 25, 2023	joung chansoo	back to issuer	-	-	-45,863	-
Sep 25, 2023	korner lisa j	back to issuer	-	-	-90,354	senior vice president
Sep 25, 2023	roles mark b	back to issuer	-	-	-3,578	senior vice president
Sep 25, 2023	krshka kyle t	back to issuer	-	-	-2,988	senior vice president

Which funds bought or sold MMP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Feb 23, 2024	BEACON FINANCIAL GROUP	sold off	-100	-1,512,000	-	-%
Feb 15, 2024	Financial Gravity Asset Management, Inc.	unchanged	-	-	1,501,170	0.02%
Feb 14, 2024	Coppell Advisory Solutions LLC	sold off	-100	-5,021	-	-%
Feb 14, 2024	BRADLEY FOSTER & SARGENT INC/CT	sold off	-100	-5,188,700	-	-%
Feb 13, 2024	PAYDEN & RYGEL	new	-	1,076,000	1,076,000	0.07%
Feb 07, 2024	HUNTINGTON NATIONAL BANK	unchanged	-	-	69.00	-%
Jan 26, 2024	Geneos Wealth Management Inc.	sold off	-100	-120,750	-	-%
Jan 18, 2024	Ronald Blue Trust, Inc.	sold off	-100	-164,000	-	-%
Jan 09, 2024	Beacon Capital Management, LLC	sold off	-100	-18,135	-	-%
Jan 09, 2024	IFP Advisors, Inc	sold off	-	-131,442	-	-%

Are Funds Buying or Selling MMP?

Are funds buying MMP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MMP

No. of Funds

Unveiling Magellan Midstream Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	alps advisors inc	6.43%	13,179,330	SC 13G/A
Feb 02, 2023	invesco ltd.	3.9%	7,921,929	SC 13G/A
Feb 14, 2022	invesco ltd.	5.0%	10,715,196	SC 13G
Feb 03, 2022	alps advisors inc	5.19%	11,066,959	SC 13G/A
Feb 12, 2021	tortoise capital advisors, l.l.c.	3.9%	8,839,974	SC 13G/A
Feb 14, 2020	tortoise capital advisors, l.l.c.	7.4%	16,920,669	SC 13G
Feb 07, 2020	alps advisors inc	5.52%	12,600,650	SC 13G/A

Peers (Alternatives to Magellan Midstream Partners LP)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ENB	75.3B	43.6B	-0.06%	-10.12%	12.16	1.73	-18.12%	106.16%
EPD	62.7B	49.7B	0.17%	7.79%	11.34	1.26	-14.56%	0.77%
ET	53.5B	78.6B	2.06%	25.14%	13.59	0.68	-12.56%	-17.26%
KMI	41.8B	15.3B	3.82%	6.41%	17.01	2.74	-18.66%	-3.98%
LNG	37.3B	20.3B	-0.51%	4.00%	3.77	1.84	-39.46%	591.95%
PAA	12.7B	48.7B	5.49%	35.92%	10.29	0.26	-15.05%	18.61%
MID-CAP
AM	6.7B	1.0B	0.07%	36.13%	17.99	6.42	13.24%	13.96%
ENLC	6.2B	6.9B	3.03%	33.30%	29.91	0.89	-27.69%	-42.93%
ETRN	5.6B	1.4B	11.31%	170.63%	12.56	4.01	2.66%	265.30%
HESM	2.8B	1.3B	-1.12%	23.68%	11.72	2.09	5.76%	9.36%
INSW	2.6B	1.1B	2.06%	26.90%	4.74	2.46	23.95%	43.45%
SMALL-CAP
GLP	1.6B	16.5B	1.78%	51.65%	10.47	0.1	-12.64%	-57.90%
GEL	1.5B	3.2B	13.34%	13.34%	12.81	0.47	13.91%	56.01%
GPP	286.4M	82.4M	-4.55%	-4.48%	7.48	3.48	5.74%	-6.51%
MMLP	105.7M	734.3M	1.56%	2.77%	27.74	0.14	-25.40%	114.16%

Magellan Midstream Partners LP News

Latest updates

Magellan Midstream Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	0.9%	877	870	861	876	789	675	809	639	654	631	541	576	439	783	614	657	702	629	866	638	644
Costs and Expenses	4.8%	598	570	656	523	578	488	555	400	429	399	349	353	280	499	357	386	437	423	555	396	420
S&GA Expenses	23.3%	75.00	60.00	63.00	58.00	57.00	63.00	58.00	47.00	56.00	46.00	55.00	37.00	42.00	37.00	45.00	51.00	52.00	46.00	47.00	47.00	53.00
EBITDA Margin	1.1%	0.45*	0.44*	0.43*	0.44*	0.44*	0.48*	0.51*	0.54*	0.55*	0.55*	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.9%	57.00	58.00	57.00	57.00	58.00	57.00	57.00	57.00	57.00	57.00	55.00	54.00	69.00	56.00	56.00	54.00	51.00	60.00	52.00	55.00	57.00
Income Taxes	77.8%	2.00	1.00	1.00	1.00	0.00	1.00	0.00	1.00	0.00	1.00	1.00	1.00	1.00	1.00	-1.05	0.00	1.00	1.00	-3.59	2.00	1.00
Earnings Before Taxes	-12.6%	240	275	188	329	182	163	234	222	265	214	172	206	131	288	253	273	255	209	310	596	216
EBT Margin	3.3%	0.30*	0.29*	0.27*	0.29*	0.27*	0.32*	0.34*	0.35*	0.36*	0.33*	-	-	-	-	-	-	-	-	-	-	-
Net Income	-12.9%	239	274	187	330	354	166	244	237	280	221	184	212	134	288	286	273	254	208	314	595	214
Net Income Margin	-12.4%	0.30*	0.34*	0.32*	0.35*	0.34*	0.33*	0.36*	0.37*	0.37*	0.34*	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	14.9%	353	308	307	348	256	56.00	275	247	315	211	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	0.8%	7,629	7,567	7,708	7,814	7,792	8,111	8,030	8,047	8,293	8,248	8,197	8,140	8,105	8,185	8,438	8,392	8,005	7,845	7,748	7,596	7,538
Current Assets	23.1%	737	599	711	718	670	951	843	799	1,022	478	405	341	317	427	459	568	407	438	646	672	426
Cash Equivalents	1635.1%	128	7.00	2.00	8.00	11.00	11.00	9.00	20.00	266	13.00	22.00	20.00	9.00	150	85.00	191	31.00	51.00	309	260	104
Net PPE	0.1%	5,826	5,821	5,830	5,852	5,870	5,887	5,905	5,932	5,939	6,226	5,987	6,283	6,272	6,247	6,404	6,264	6,090	5,926	5,798	5,735	5,660
Goodwill	0%	50.00	50.00	50.00	50.00	50.00	50.00	50.00	50.00	50.00	53.00	50.00	53.00	53.00	53.00	51.00	53.00	53.00	53.00	53.00	53.00	53.00
Current Liabilities	10.2%	681	618	726	717	689	636	680	657	642	561	559	532	521	1,140	667	681	618	623	677	1,127	783
Long Term Debt	0.0%	4,984	4,984	5,015	5,011	5,001	5,317	5,089	5,103	4,980	4,996	4,979	4,900	4,793	4,155	4,706	4,706	4,408	4,280	4,211	3,719	4,392
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	551	-	-	-	-	59.00	553	250
LT Debt, Non Current	0.0%	4,984	4,984	5,015	5,011	5,001	5,317	5,089	5,103	4,980	4,996	4,979	4,900	4,793	4,155	4,706	4,706	4,408	4,280	4,211	3,719	4,392
Accumulated Depreciation	2.2%	2,441	2,388	2,334	2,285	2,239	2,195	2,141	2,089	2,048	2,144	1,957	2,036	1,971	1,919	2,027	1,984	1,935	1,883	1,830	1,836	1,783
Float	-	-	-	-	-	9,912	-	-	-	10,803	-	-	-	9,687	-	-	-	14,579	-	-	-	15,723

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	15.1%	404,500	351,500	352,500	391,500	296,900	100,400	317,100	286,000	352,700	240,400	267,395	276,852	178,632	384,621	397,503	352,037	364,004	206,556	489,169	299,715	286,164
Share Based Compensation	21.9%	7,800	6,400	9,700	5,900	8,500	14,400	6,100	5,600	5,400	4,700	6,420	1,169	4,256	155	1,423	6,773	10,890	4,914	7,441	7,933	10,047
Cashflow From Investing	-14.1%	-50,200	-44,000	-45,700	-41,500	408,200	-46,600	-42,000	-37,700	229,000	-31,200	-89,135	-91,462	-150,596	131,793	-271,452	-232,574	-280,280	-221,894	-220,693	423,926	-162,256
Cashflow From Financing	21.3%	-237,900	-302,400	-313,800	-347,000	-705,500	-51,500	-286,500	-494,300	-328,300	-218,600	-176,194	-174,213	-168,437	-451,456	-232,982	40,783	-103,007	-243,394	-219,445	-567,468	-94,048
Buy Backs	-44.8%	26,200	47,500	93,900	137,600	189,600	50,000	50,100	390,700	82,300	-	24,950	49,968	-	201,982	-	-	-	-	-	-	-

MMP Income Statement

2023-06-30

Consolidated Statements Of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total revenue	$ 877.2	$ 788.6	$ 1,746.9	$ 1,463.3
Costs and expenses:
Operating	170.1	180.1	304.0	304.3
Cost of product sales	296.4	282.3	616.5	525.7
Depreciation, amortization and impairment	56.6	58.8	112.4	116.5
General and administrative	74.5	56.9	134.9	119.7
Total costs and expenses	597.6	578.1	1,167.8	1,066.2
Other operating income (expense)	(0.5)	3.0	5.3	1.0
Earnings of non-controlled entities	15.9	26.5	42.1	61.9
Operating profit	295.0	240.0	626.5	460.0
Interest expense	57.2	57.8	114.9	115.1
Interest capitalized	(0.9)	(0.3)	(1.5)	(0.7)
Interest income	(1.5)	(0.2)	(2.5)	(0.3)
Gain on disposition of assets	(1.1)	0.0	(1.1)	(0.2)
Other (income) expense	1.0	0.6	1.6	1.2
Income from continuing operations before provision for income taxes	240.3	182.1	515.1	344.9
Provision for income taxes	1.6	0.3	2.5	1.1
Income from continuing operations	238.7	181.8	512.6	343.8
Income from discontinued operations (including gain on disposition of assets of $162.4 million in June 2022)	0.0	172.1	0.0	175.6
Net income	$ 238.7	$ 353.9	$ 512.6	$ 519.4
Earnings per common unit
Basic income from continuing operations per common unit (in dollars per share)	$ 1.18	$ 0.86	$ 2.52	$ 1.62
Basic income from discontinued operations per common unit (in dollars per share)	0	0.81	0	0.83
Basic net income per common unit (in dollars per share)	$ 1.18	$ 1.67	$ 2.52	$ 2.45
Weighted average number of common units outstanding used for basic net income per unit calculation (in shares)	202.9	211.6	203.4	212.3
Diluted income from continuing operations per common unit (in dollars per share)	$ 1.18	$ 0.86	$ 2.52	$ 1.62
Diluted income from discontinued operations per common unit (in dollars per share)	0	0.81	0	0.83
Diluted net income per common unit (in dollars per share)	$ 1.18	$ 1.67	$ 2.52	$ 2.45
Weighted average number of common units outstanding used for diluted net income per unit calculation (in shares)	203.1	211.7	203.5	212.3
Transportation and terminals revenue
Total revenue	$ 503.2	$ 469.3	$ 957.3	$ 892.2
Product sales revenue
Total revenue	368.7	313.7	778.8	559.8
Affiliate management fee revenue
Total revenue	$ 5.3	$ 5.6	$ 10.8	$ 11.3

MMP Balance Sheet

2023-06-30

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 128.4	$ 2.0
Trade accounts receivable	169.5	219.9
Other accounts receivable	34.8	44.4
Inventories	330.1	356.2
Commodity derivatives contracts, net	6.1	6.5
Commodity derivatives deposits	16.2	14.8
Assets held for sale	9.9	9.9
Other current assets	42.3	56.8
Total current assets	737.3	710.5
Property, plant and equipment	8,266.9	8,163.9
Less: accumulated depreciation	2,440.7	2,333.6
Net property, plant and equipment	5,826.2	5,830.3
Investments in non-controlled entities	859.3	894.0
Right-of-use asset, operating leases	95.4	149.4
Long-term receivables	8.1	8.3
Goodwill	50.4	50.4
Other intangibles (less accumulated amortization of $14.7 and $16.1 at December 31, 2022 and June 30, 2023, respectively)	39.6	41.0
Restricted cash	0.0	4.9
Other noncurrent assets	12.9	18.9
Total assets	7,629.2	7,707.7
Current liabilities:
Accounts payable	137.7	108.2
Accrued payroll and benefits	54.2	76.8
Accrued interest payable	59.0	59.0
Accrued taxes other than income	65.3	86.0
Deferred revenue	94.1	103.9
Accrued product liabilities	209.6	209.3
Commodity derivatives contracts, net	13.2	15.4
Current portion of operating lease liability	21.3	31.0
Other current liabilities	26.7	35.9
Total current liabilities	681.1	725.5
Long-term debt, net	4,984.1	5,015.0
Long-term operating lease liability	76.7	116.9
Long-term pension and benefits	91.6	87.4
Other noncurrent liabilities	81.2	78.0
Commitments and contingencies
Partners’ capital:
Common unitholders (203.0 units and 202.1 units outstanding at December 31, 2022 and June 30, 2023, respectively)	1,808.4	1,778.8
Accumulated other comprehensive loss	(93.9)	(93.9)
Total partners’ capital	1,714.5	1,684.9
Total liabilities and partners’ capital	$ 7,629.2	$ 7,707.7

About Magellan Midstream Partners LP

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates refined products pipeline that transports gasoline, diesel and aviation fuel, kerosene, and heating oil to refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. It also provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. Magellan Midstream Partners, L.P. was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.

CEO	Mr. Aaron L. Milford
WEBSITE	magellanlp.com
INDUSTRY	Oil - Midstream
EMPLOYEES	1655

Magellan Midstream Partners LP Frequently Asked Questions

What is the ticker symbol for Magellan Midstream Partners LP? What does MMP stand for in stocks?

MMP is the stock ticker symbol of Magellan Midstream Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Magellan Midstream Partners LP (MMP)?

As of Tue Apr 23 2024, market cap of Magellan Midstream Partners LP is 57.83 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MMP stock?

You can check MMP's fair value in chart for subscribers.

What is the fair value of MMP stock?

You can check MMP's fair value in chart for subscribers. The fair value of Magellan Midstream Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Magellan Midstream Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MMP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Magellan Midstream Partners LP a good stock to buy?

The fair value guage provides a quick view whether MMP is over valued or under valued. Whether Magellan Midstream Partners LP is cheap or expensive depends on the assumptions which impact Magellan Midstream Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MMP.

What is Magellan Midstream Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, MMP's PE ratio (Price to Earnings) is 56.17 and Price to Sales (PS) ratio is 16.6. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MMP PE ratio will change depending on the future growth rate expectations of investors.