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Magellan Midstream Partners LP Stock Research

MMP

54.26USD-0.08(-0.15%)Market Closed

Market Summary

USD54.26-0.08
Market Closed
-0.15%

MMP Stock Price

MMP RSI Chart

MMP Valuation

Market Cap

11.1B

Price/Earnings (Trailing)

10.73

Price/Sales (Trailing)

3.47

EV/EBITDA

8.03

Price/Free Cashflow

11.51

MMP Price/Sales (Trailing)

MMP Profitability

EBT Margin

26.93%

Return on Assets

13.45%

Free Cashflow Yield

8.69%

MMP Fundamentals

MMP Revenue

Revenue (TTM)

3.2B

Revenue Y/Y

6.39%

Revenue Q/Q

-1.72%

MMP Earnings

Earnings (TTM)

1.0B

Earnings Y/Y

-23.27%

Earnings Q/Q

-43.33%

Price Action

52 Week Range

43.0360.55
(Low)(High)

Last 7 days

5.9%

Last 30 days

2.2%

Last 90 days

8.2%

Trailing 12 Months

16.4%

MMP Financial Health

Current Ratio

0.98

MMP Investor Care

Buy Backs (1Y)

3.99%

Peers (Alternatives to Magellan Midstream Partners)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
77.3B
53.3B
1.49% -13.95%
25.73
1.45
13.25% -51.48%
40.6B
89.9B
-1.74% 17.21%
8.97
1.48
33.31% -13.05%
39.4B
19.2B
1.41% -5.12%
15.45
2.05
15.59% 42.83%
34.6B
11.6B
-0.40% 8.82%
8.76
2.98
15.82% 28.18%
11.1B
3.2B
2.22% 16.39%
10.73
3.47
17.10% 5.54%
MID-CAP
8.7B
57.3B
-6.49% 21.31%
8.34
0.15
36.28% 74.87%
6.2B
497.0M
-0.06% 40.52%
11.59
12.52
-5.69% -8.83%
2.4B
57.3B
-6.25% 19.71%
21.35
0.04
36.28% 180.00%
2.4B
547.5M
-3.26% 5.24%
11.92
4.83
10.71% 0.85%
2.1B
1.0B
-2.32% 19.82%
13.47
2.07
47.87% -3.50%
SMALL-CAP
1.7B
226.0M
0.06% 14.38%
7.74
7.62
436.62% 482.73%
1.2B
361.7M
-5.36% 88.83%
8.18
3.45
1.81% 7.56%
202.8M
369.6M
-8.63% 0.99%
-1.71
0.51
-7.74% -284.00%
193.9M
118.6M
1.54% 47.16%
5.61
1.64
4.33% -53.34%

Financials for Magellan Midstream Partners

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.6%3,2003,1492,9122,7772,733
  S&GA Expenses2.3%241235224223206
Costs and Expenses4.7%2,2452,1442,0221,8731,784
EBITDA1.0%1,3851,3711,2671,343-
EBITDA Margin-0.7%0.43*0.44*0.44*0.48*-
Earnings Before Taxes-5.1%862908801884935
EBT Margin-6.6%0.27*0.29*0.27*0.32*-
Interest Expenses0.1%230230229228228
Net Income-5.2%1,0361,0931,000926982
Net Income Margin-6.7%0.32*0.35*0.34*0.33*-
Free Cahsflow3.4%966934833893-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-1.4%7,7087,8147,7928,1118,030
  Current Assets-1.0%711718670951843
    Cash Equivalents-75.3%2.008.005.005.002.00
  Net PPE-0.4%5,8305,8525,8705,8875,905
  Goodwill0%50.0050.0050.0050.0050.00
  Current Liabilities1.2%726717689636680
    LT Debt, Non Current0.1%5,0155,0115,0015,3175,089
Accumulated Depreciation2.1%2,3342,2852,2392,1952,141
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations3.2%1,1411,1061,0001,0561,196
  Share Based Compensation10.3%39.0035.0035.0032.0022.00
Cashflow From Investing-1.3%274278282103118
Cashflow From Financing-2.0%-1,417-1,390-1,537-1,160-1,327
  Buy Backs8.3%463427680573523

Risks for MMP

What is the probability of a big loss on MMP?

51.5%


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

Returns for MMP

Cumulative Returns on MMP

6.3%


10-Year Cumulative Returns

3.4%


7-Year Cumulative Returns

6.2%


5-Year Cumulative Returns

27.9%


3-Year Cumulative Returns

What are the long-term rolling returns for MMP?

FIve years rolling returns for Magellan Midstream Partners.

Annualized Returns

Which funds bought or sold MMP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-17
American Portfolios Advisors
reduced
-7.46
-23,510
272,090
0.01%
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-4.01
69,120
4,912,120
0.14%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.05
61,801
1,159,800
-%
2023-03-10
MATHER GROUP, LLC.
new
-
243,519
243,519
-%
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
added
0.41
89,468
1,546,470
0.24%
2023-03-06
Rockefeller Capital Management L.P.
added
41.47
838,000
2,527,000
0.01%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
130,546
130,546
-%
2023-03-01
Meixler Investment Management, Ltd.
reduced
-42.58
-315,218
485,782
0.49%
2023-03-01
Lakewood Asset Management LLC
new
-
45,000
45,000
0.04%
2023-02-27
ST GERMAIN D J CO INC
unchanged
-
-252,734
266
-%

1–10 of 47

Latest Funds Activity

Are funds buying MMP calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MMP
No. of Funds

Magellan Midstream Partners News

MarketBeat

Magellan Midstream Partners, L.P. (NYSE:MMP) Given Consensus ....

MarketBeat,
15 hours ago

Value the Markets

DirectorsTalk Interviews

Yahoo Finance

Seeking Alpha

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

MMP Fair Value

Magellan Midstream Partners fair value in different scenarios

The table shows the Fair Value estimates for Magellan Midstream Partners for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

41.07

-24.31%

56.09

3.37%

83.23

53.39%

114.44

110.91%

143.03

163.60%
Current Inflation

38.58

-28.90%

50.90

-6.19%

73.52

35.50%

100.09

84.46%

124.06

128.64%
Very High Inflation

35.40

-34.76%

44.60

-17.80%

62.15

14.54%

83.45

53.80%

102.26

88.46%

Historical Magellan Midstream Partners Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Magellan Midstream Partners

View All Filings
Date Filed Form Type Document
Mar 02, 2023
3
Insider Trading
Feb 23, 2023
ARS
ARS
Feb 21, 2023
10-K
Annual Report
Feb 21, 2023
DEF 14A
DEF 14A
Feb 21, 2023
DEFA14A
DEFA14A
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading

Latest Insider Trading transactions for MMP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-24
Aaronson Michael
sold (taxes)
-275,402
50.21
-5,485
executive vice president
2023-01-24
Korner Lisa J
acquired
662,973
50.21
13,204
senior vice president
2023-01-24
Krshka Kyle T
acquired
85,005
50.21
1,693
senior vice president
2023-01-24
Korner Lisa J
sold (taxes)
-199,283
50.21
-3,969
senior vice president
2023-01-24
Roles Mark B
acquired
115,935
50.21
2,309
senior vice president
2023-01-24
Krshka Kyle T
sold (taxes)
-29,322
50.21
-584
senior vice president
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
PEARL BARRY R
acquired
135,034
50.18
2,691
-
2023-01-24
MONTAGUE JAMES R
acquired
135,034
50.18
2,691
-

1–10 of 50

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.

MMP Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenue$ 3,200.4$ 2,733.1$ 2,322.0
Other operating income (expense)5.32.80.1
Earnings of non-controlled entities147.4154.4153.3
Costs and expenses:   
Operating592.1569.7587.8
Cost of product sales1,119.4780.0468.2
Depreciation, amortization and impairment292.8227.9243.1
General and administrative240.7206.3171.2
Total costs and expenses2,245.01,783.91,470.3
Operating profit1,108.11,106.41,005.1
Interest expense229.8228.1234.1
Interest capitalized(1.8)(1.7)(11.3)
Interest income(1.2)(0.5)(1.0)
Gain on disposition of assets(0.9)(75.0)(12.9)
Other (income) expense20.320.95.2
Income from continuing operations before provision for income taxes861.9934.6791.0
Provision for income taxes2.72.32.9
Income from continuing operations859.2932.3788.1
Income from discontinued operations (including gain on disposition of assets of $164.0 million in 2022)177.249.728.9
Net income$ 1,036.4$ 982.0$ 817.0
Earnings per common unit - Basic   
Continuing operations (in dollars per share)$ 4.10$ 4.24$ 3.49
Discontinued operations (in dollars per share)0.850.230.13
Net income per common unit (in dollars per share)4.954.473.62
Earnings per common unit - Diluted   
Continuing operations (in dollars per share)4.104.243.49
Discontinued operations (in dollars per share)0.850.230.13
Net income per common unit (in dollars per share)$ 4.95$ 4.47$ 3.62
Weighted average number of common units outstanding used for basic net income per unit calculation (in shares)209.4219.6225.5
Weighted average number of common units outstanding used for diluted net income per unit calculation (in shares)209.6219.8225.5
Transportation and terminals revenue   
Total revenue$ 1,875.8$ 1,798.9$ 1,743.3
Product sales revenue   
Total revenue1,302.4913.0557.5
Affiliate management fee revenue   
Total revenue$ 22.2$ 21.2$ 21.2

MMP Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 2.0$ 2.0
Trade accounts receivable219.9135.2
Other accounts receivable44.434.6
Inventories356.2281.1
Commodity derivatives contracts, net6.51.4
Commodity derivatives deposits14.846.3
Assets held for sale9.9299.5
Other current assets56.843.1
Total current assets710.5843.2
Property, plant and equipment8,163.98,045.9
Less: accumulated depreciation2,333.62,141.2
Net property, plant and equipment5,830.35,904.7
Investments in non-controlled entities894.0980.8
Right-of-use asset, operating leases149.4174.2
Long-term receivables8.310.1
Goodwill50.450.1
Other intangibles (less accumulated amortization of $11.9 and $14.7 at December 31, 2021 and 2022, respectively)41.043.2
Restricted cash4.97.0
Other noncurrent assets18.916.7
Total assets7,707.78,030.0
Current liabilities:  
Accounts payable108.2109.5
Accrued payroll and benefits76.874.9
Accrued interest payable59.059.0
Accrued taxes other than income86.076.5
Deferred revenue103.992.5
Accrued product liabilities209.3153.5
Commodity derivatives contracts, net15.418.6
Current portion of operating lease liability31.025.8
Liabilities held for sale0.015.8
Other current liabilities35.953.5
Total current liabilities725.5679.6
Long-term debt, net5,015.05,088.8
Long-term operating lease liability116.9147.3
Long-term pension and benefits87.4145.0
Other noncurrent liabilities78.069.5
Commitments and contingencies
Partners’ capital:  
Common unitholders (212.4 units and 203.0 units outstanding at December 31, 2021 and 2022, respectively)1,778.82,054.8
Accumulated other comprehensive loss(93.9)(155.0)
Total partners’ capital1,684.91,899.8
Total liabilities and partners’ capital$ 7,707.7$ 8,030.0