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Magellan Midstream Partners LP Stock Research

MMP

69.00USD+0.46(+0.67%)Market Closed
Watchlist

Market Summary

USD69.00+0.46
Market Closed
0.67%

MMP Stock Price

MMP RSI Chart

MMP Valuation

Market Cap

12.8B

Price/Earnings (Trailing)

12.39

Price/Sales (Trailing)

3.78

EV/EBITDA

8.58

Price/Free Cashflow

10.54

MMP Price/Sales (Trailing)

MMP Profitability

EBT Margin

28.68%

Return on Assets

15.13%

Free Cashflow Yield

9.48%

MMP Fundamentals

MMP Revenue

Revenue (TTM)

3.5B

Revenue Y/Y

11.24%

Revenue Q/Q

0.86%

MMP Earnings

Earnings (TTM)

1.0B

Earnings Y/Y

-32.55%

Earnings Q/Q

-12.85%

Price Action

52 Week Range

44.6269.90
(Low)(High)

Last 7 days

1.1%

Last 30 days

4.8%

Last 90 days

16.0%

Trailing 12 Months

42.3%

MMP Financial Health

Current Ratio

0.97

MMP Investor Care

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for MMP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-24
Joung Chansoo
acquired
135,034
50.18
2,691
-
2023-01-24
Roles Mark B
acquired
115,935
50.21
2,309
senior vice president
2023-01-24
Krshka Kyle T
acquired
85,005
50.21
1,693
senior vice president
2023-01-24
MONTAGUE JAMES R
acquired
135,034
50.18
2,691
-
2023-01-24
May Douglas J
sold (taxes)
-206,413
50.21
-4,111
senior vice president
2023-01-24
Aaronson Michael
acquired
610,453
50.21
12,158
executive vice president
2023-01-24
Krshka Kyle T
sold (taxes)
-29,322
50.21
-584
senior vice president
2023-01-24
PEARL BARRY R
acquired
135,034
50.18
2,691
-
2023-01-24
Methvin Stacy P.
acquired
135,034
50.18
2,691
-

1–10 of 50

Which funds bought or sold MMP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
reduced
-4.41
4,373,000
49,057,000
0.03%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
16,120
124,640
0.03%
2023-09-07
ST GERMAIN D J CO INC
new
-
324,064
324,064
0.02%
2023-09-05
SILVIA MCCOLL WEALTH MANAGEMENT, LLC
unchanged
-
80,842
625,070
0.58%
2023-08-30
Western Wealth Management, LLC
reduced
-1.69
88,552
774,475
0.07%
2023-08-24
ProVise Management Group, LLC
reduced
-9.72
38,713
1,089,950
0.10%
2023-08-23
Stonebridge Capital Advisors LLC
reduced
-0.63
36,302
293,276
0.03%
2023-08-22
Old North State Trust, LLC
sold off
-100
-109,000
-
-%
2023-08-22
Segment Wealth Management, LLC
unchanged
-
97,002
750,021
0.08%
2023-08-22
Asset Dedication, LLC
added
107
12,000
21,000
-%

1–10 of 47

Latest Funds Activity

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

Schedule 13G FIlings of Magellan Midstream Partners

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

Recent SEC filings of Magellan Midstream Partners

View All Filings
Date Filed Form Type Document
Sep 25, 2023
25-NSE
25-NSE
Sep 25, 2023
8-K
Current Report
Sep 22, 2023
425
Prospectus Filed
Sep 22, 2023
8-K
Current Report
Sep 18, 2023
PX14A6G
PX14A6G
Sep 14, 2023
8-K
Current Report
Sep 14, 2023
DEFA14A
DEFA14A
Sep 13, 2023
DEFA14A
DEFA14A
Sep 13, 2023
PX14A6G
PX14A6G
Sep 11, 2023
DEFA14A
DEFA14A

Peers (Alternatives to Magellan Midstream Partners)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
69.7B
47.5B
0.17% -7.97%
16.88
1.47
-9.08% -22.60%
40.6B
80.8B
6.46% 39.03%
8.97
1.48
-1.23% 0.82%
37.3B
17.1B
-3.40% 2.92%
14.87
2.18
-3.10% 3.16%
34.3B
11.5B
1.06% 23.17%
8.45
2.93
5.75% 23.65%
12.8B
3.5B
4.83% 42.31%
12.39
3.78
19.66% 2.99%
MID-CAP
9.4B
51.2B
3.23% 49.83%
7.41
0.17
-4.81% 74.39%
2.0B
1.1B
4.45% -9.47%
13.01
1.9
42.53% -0.22%
-
574.6M
2.55% 37.23%
-
-
15.60% 8.47%
-
51.2B
2.32% 51.00%
-
-
-4.81% 105.31%
SMALL-CAP
1.9B
308.0M
6.99% 35.60%
8.53
8.41
145.69% 7305.10%
-
384.8M
-3.11% -1.48%
-
-
-2.94% 38.53%
1.2B
-
-5.36% 88.83%
8.18
3.45
- -

Magellan Midstream Partners News

Best Stocks
Magellan Midstream Partners: A Prominent Player in Petroleum ....
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17 hours ago
Zacks Investment Research

Returns for MMP

Cumulative Returns on MMP

8.1%


10-Year Cumulative Returns

6.3%


7-Year Cumulative Returns

7.2%


5-Year Cumulative Returns

33.2%


3-Year Cumulative Returns

Risks for MMP

What is the probability of a big loss on MMP?

41.9%


Probability that Magellan Midstream Partners stock will be more than 20% underwater in next one year

19.6%


Probability that Magellan Midstream Partners stock will be more than 30% underwater in next one year.

19.2%


Probability that Magellan Midstream Partners stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MMP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Magellan Midstream Partners was unfortunately bought at previous high price.

Drawdowns

Financials for Magellan Midstream Partners

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue2.6%3,4843,3953,2003,1492,9122,7772,7332,4822,4192,2052,3222,4122,4932,7552,6012,8532,8342,7772,8272,6342,569
Costs and Expenses0.8%2,3472,3272,2452,1442,0221,8731,7841,5891,5421,3931,4701,4891,5221,6781,6021,8011,8111,7951,8131,6841,662
  S&GA Expenses7.4%256238241235224223206204195181171161174185194197193194194192182
EBITDA-100.0%-1,4951,3851,3711,2671,3431,3911,3351,3291,1941,2681,4111,4561,5661,490------
EBITDA Margin-100.0%-0.44*0.43*0.44*0.44*0.48*0.51*0.55*0.56*0.52*0.55*0.55*0.55*0.54*0.55*------
Interest Expenses-0.3%230230230230229228228226223235234235235217221218219224221225221
Earnings Before Taxes6.0%1,0329748629088018849358798637287918779451,0699891,0471,3701,3311,3341,263866
EBT Margin-100.0%-0.29*0.27*0.29*0.27*0.32*0.34*0.36*0.36*0.32*0.34*0.36*0.37*0.38*0.37*------
Net Income-10.1%1,0301,1451,0361,0931,0009269829228977518179199811,1011,0211,0481,3701,3311,3341,258862
Net Income Margin-100.0%-0.34*0.32*0.35*0.34*0.33*0.36*0.38*0.38*0.33*0.35*0.36*0.37*0.38*0.37*------
Free Cashflow-100.0%-1,2189669348338931,048972911666668641576588376------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.8%7,6297,5677,7087,8147,7928,1118,0308,0478,2938,2488,1978,1408,1058,1858,4388,3928,0057,8457,7487,5967,538
  Current Assets23.1%7375997117186709518437991,022478405341317427459568407438646672426
    Cash Equivalents1635.1%1287.002.008.0011.0011.009.0020.0026613.0022.0020.009.0015085.0019131.0051.00309260104
  Net PPE0.1%5,8265,8215,8305,8525,8705,8875,9055,9325,9396,2265,9876,2836,2726,2476,4046,2646,0905,9265,7985,7355,660
  Goodwill0%50.0050.0050.0050.0050.0050.0050.0050.0050.0053.0050.0053.0053.0053.0051.0053.0053.0053.0053.0053.0053.00
  Current Liabilities10.2%6816187267176896366806576425615595325211,1406676816186236771,127783
    LT Debt, Current--------------551----59.00553250
    LT Debt, Non Current0.0%4,9844,9845,0155,0115,0015,3175,0895,1034,9804,9964,9794,9004,7934,1554,7064,7064,4084,2804,2113,7194,392
Accumulated Depreciation2.2%2,4412,3882,3342,2852,2392,1952,1412,0892,0482,1441,9572,0361,9711,9192,0271,9841,9351,8831,8301,8361,783
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations7.7%1,5001,3921,1411,1061,0001,0561,1961,1461,1379631,1081,2381,3131,4981,3201,4121,3591,2821,3531,1811,112
  Share Based Compensation-2.3%30.0031.0039.0035.0035.0032.0022.0022.0018.0017.0012.007.0013.0019.0024.0030.0031.0030.0032.0031.0027.00
Cashflow From Investing-165.5%-18127727427828210311871.0017.00-362-199-381-522-652-1,006-955-298-180-119-56.46-583
Cashflow From Financing28.0%-1,201-1,668-1,417-1,390-1,537-1,160-1,327-1,217-897-737-970-1,027-812-746-538-525-1,133-1,124-1,100-866-429
  Buy Backs-34.3%31347746342768057352349815775.00277252202202-------

MMP Income Statement

2023-06-30
Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 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:    
Operating170.1180.1304.0304.3
Cost of product sales296.4282.3616.5525.7
Depreciation, amortization and impairment56.658.8112.4116.5
General and administrative74.556.9134.9119.7
Total costs and expenses597.6578.11,167.81,066.2
Other operating income (expense)(0.5)3.05.31.0
Earnings of non-controlled entities15.926.542.161.9
Operating profit295.0240.0626.5460.0
Interest expense57.257.8114.9115.1
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) expense1.00.61.61.2
Income from continuing operations before provision for income taxes240.3182.1515.1344.9
Provision for income taxes1.60.32.51.1
Income from continuing operations238.7181.8512.6343.8
Income from discontinued operations (including gain on disposition of assets of $162.4 million in June 2022)0.0172.10.0175.6
Net income$ 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)00.8100.83
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)202.9211.6203.4212.3
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)00.8100.83
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)203.1211.7203.5212.3
Transportation and terminals revenue    
Total revenue$ 503.2$ 469.3$ 957.3$ 892.2
Product sales revenue    
Total revenue368.7313.7778.8559.8
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 receivable169.5219.9
Other accounts receivable34.844.4
Inventories330.1356.2
Commodity derivatives contracts, net6.16.5
Commodity derivatives deposits16.214.8
Assets held for sale9.99.9
Other current assets42.356.8
Total current assets737.3710.5
Property, plant and equipment8,266.98,163.9
Less: accumulated depreciation2,440.72,333.6
Net property, plant and equipment5,826.25,830.3
Investments in non-controlled entities859.3894.0
Right-of-use asset, operating leases95.4149.4
Long-term receivables8.18.3
Goodwill50.450.4
Other intangibles (less accumulated amortization of $14.7 and $16.1 at December 31, 2022 and June 30, 2023, respectively)39.641.0
Restricted cash0.04.9
Other noncurrent assets12.918.9
Total assets7,629.27,707.7
Current liabilities:  
Accounts payable137.7108.2
Accrued payroll and benefits54.276.8
Accrued interest payable59.059.0
Accrued taxes other than income65.386.0
Deferred revenue94.1103.9
Accrued product liabilities209.6209.3
Commodity derivatives contracts, net13.215.4
Current portion of operating lease liability21.331.0
Other current liabilities26.735.9
Total current liabilities681.1725.5
Long-term debt, net4,984.15,015.0
Long-term operating lease liability76.7116.9
Long-term pension and benefits91.687.4
Other noncurrent liabilities81.278.0
Commitments and contingencies
Partners’ capital:  
Common unitholders (203.0 units and 202.1 units outstanding at December 31, 2022 and June 30, 2023, respectively)1,808.41,778.8
Accumulated other comprehensive loss(93.9)(93.9)
Total partners’ capital1,714.51,684.9
Total liabilities and partners’ capital$ 7,629.2$ 7,707.7
Aaron L. Milford
1720
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to 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. Further, it 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. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.