Grufity logoGrufity logo

MMP

51.17USD+0.35(+0.69%)Delayedas of 07 Dec 2022, 10:44 am

Magellan Midstream Partners LP

Market Summary

USD51.17+0.35Delayedas of 07 Dec 2022, 10:44 am
0.69%

MMP Alerts

MMP Stock Price

RSI Chart

Valuation

Market Cap

11.0B

Price/Earnings

11.04

Price/Sales

3.51

Price/Cashflow

9.98

MarketCap/EBT

12.16

Price/Sales

Profitability

EBT Margin

28.83%

Return on Equity

67.1%

Return on Assets

12.79%

Fundamentals

Revenue

Revenue (TTM)

3.1B

Revenue Y/Y

37.09%

Revenue Q/Q

11.1%

Earnings

Earnings (TTM)

999.7M

Earnings Y/Y

26.2%

Earnings Q/Q

113.84%

Price Action

52 Week Range

40.1653.89
(Low)(High)

Last 7 days

-3.6%

Last 30 days

-1.5%

Last 90 days

3.1%

Trailing 12 Months

21.2%

Financial Health

Current Ratio

1

Debt/Equity

2.18

Debt/Cashflow

0.38

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
79.1B
52.4B
-0.48% 10.65%
14.82
1.51
17.50% -3.39%
40.0B
19.0B
-0.39% 21.97%
15.9
2.1
24.48% 43.39%
38.7B
27.5B
-2.93% 57.62%
9.32
0.47
-57.72% -15.98%
33.9B
11.7B
-1.93% 21.54%
10.18
3.13
22.46% 34.72%
11.0B
3.1B
-1.51% 21.17%
11.04
3.51
29.35% 11.41%
MID-CAP
9.6B
-
-2.77% 51.65%
13.05
5.47
- -
8.3B
57.4B
-4.56% 37.31%
10.62
0.15
63.69% 964.35%
6.2B
553.0M
-0.06% 40.52%
11.59
11.25
4.93% -8.83%
2.4B
57.4B
-3.96% 33.42%
21.35
0.04
63.69% 583.72%
2.4B
523.5M
-0.80% 20.61%
11.92
4.83
3.97% -12.10%
2.4B
957.2M
-13.89% 19.13%
15.09
2.78
47.01% -3.55%
SMALL-CAP
1.8B
-
-1.18% 21.29%
435.48
1.04
9.24% 5116.27%
1.4B
361.7M
-5.36% 88.83%
8.93
3.77
1.81% 7.56%
202.8M
383.1M
-3.73% -29.52%
-1.71
0.51
-3.70% -259.29%
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)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue8.1%3,1492,9122,7772,7332,434
  S&GA Expenses0.4%224223206204
Earnings Before Taxes13.4%908801884935865
Net Income7.9%1,000926982922
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.3%7,8147,7928,1118,0308,047
  Current Assets7.2%718670951843799
    Cash Equivalents202.2%1455213
  Net PPE-0.3%5,8525,8705,8875,9055,932
  Goodwill0%5050505050
  Current Liabilities4.1%717689636680657
    LT Debt, Non Current0.2%5,0115,0015,3175,0895,103
Accumulated Depreciation2.0%2,2852,2392,1952,1412,089
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations10.5%1,1061,0011,0561,1961,146
  Share Based Compensation0.8%3535322222
Cashflow From Investing-1.4%27828210311871
Cashflow From Financing9.6%-1,390.47-1,537.84-1,160.63-1,327.70-1,217.40
  Buy Backs-37.2%427680573523498

Risks

What is the probability of a big loss on MMP?

53.5%


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.

Returns

Cumulative Returns on MMP

7.9%


10-Year Cumulative Returns

5.3%


7-Year Cumulative Returns

2.3%


5-Year Cumulative Returns

3.9%


3-Year Cumulative Returns

What are the long-term rolling returns for MMP?

FIve years rolling returns for Magellan Midstream Partners.

Which funds bought or sold MMP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
300.92
3,628,000
4,843,000
0.15%
2022-11-22
IHT Wealth Management, LLC
REDUCED
-3
-7,000
201,000
0.01%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-45.17
-36,000
43,000
-%
2022-11-21
FourThought Financial, LLC
UNCHANGED
-
-
71,000
0.01%
2022-11-21
DEARBORN PARTNERS LLC
UNCHANGED
-
-3,000
421,000
0.02%
2022-11-21
ST GERMAIN D J CO INC
UNCHANGED
-
-
253,000
0.02%
2022-11-18
Pasadena Private Wealth, LLC
UNCHANGED
-
-1,000
354,000
0.12%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
-1,000
317,000
0.01%
2022-11-17
M Holdings Securities, Inc.
UNCHANGED
-
-1,000
234,000
0.03%
2022-11-17
M&T Bank Corp
REDUCED
-1.25
-114,000
9,007,000
0.04%

1–10 of 44

Latest Funds Activity

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

Magellan Midstream Partners News

Seeking Alpha

Magellan Midstream Stock: 8%+ Yield And Looking Attractive (NYSE:MMP).27 hours ago

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

-19.74%

56.09

9.62%

83.23

62.65%

114.44

123.65%

143.03

179.52%

Current Inflation

38.58

-24.60%

50.90

-0.53%

73.52

43.68%

100.09

95.60%

124.06

142.45%

Very High Inflation

35.40

-30.82%

44.60

-12.84%

62.15

21.46%

83.45

63.08%

102.26

99.84%

Historical Magellan Midstream Partners Fair Value Estimates


Recent SEC filings of Magellan Midstream Partners

View All Filings
Date Filed Form Type Document
Nov 17, 2022
3
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 08, 2022
8-K
Current Report

Latest Insider Trading transactions for MMP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-15
MONTAGUE JAMES R
SOLD
-154,524
53.4314
-2,892
-
2022-08-25
Little Melanie A
GIFTED
-
-
-1,200
Executive Vice President
2022-05-18
Pearson Michael C
GIFTED
-
-
-2,325
Senior Vice President
2022-03-02
Little Melanie A
SOLD
-250,297
49.3001
-5,077
Senior Vice President
2022-03-02
Korner Lisa J
SOLD
-571,781
49
-11,669
Senior Vice President
2022-01-26
MEARS MICHAEL N
SOLD (Taxes)
-1,328,930
46.44
-28,616
President & CEO
2022-01-26
MEARS MICHAEL N
ACQUIRED
3,005,920
46.44
64,727
President & CEO
2022-01-26
PEARL BARRY R
ACQUIRED
135,056
46.7
2,892
-
2022-01-26
Barnes Robert L
SOLD (Taxes)
-174,289
46.44
-3,753
Senior Vice President
2022-01-26
Holman Jeffrey L
ACQUIRED
604,324
46.44
13,013
Senior Vice President & CFO

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

2022-09-30
Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenue$ 876.1$ 639.1$ 2,339.4$ 1,923.8
Costs and expenses:    
Operating138.2146.5442.5422.9
Cost of product sales268.6145.9794.3488.6
Depreciation, amortization and impairment57.961.5174.4168.4
General and administrative58.046.5177.7148.6
Total costs and expenses522.7400.41,588.91,228.5
Other operating income (expense)1.22.62.24.1
Earnings of non-controlled entities41.836.4103.7116.1
Operating profit396.4277.7856.4815.5
Interest expense57.356.9172.4171.0
Interest capitalized(0.5)(0.2)(1.2)(1.2)
Interest income(0.3)(0.1)(0.6)(0.4)
Gain on disposition of assets(0.1)(3.2)(0.3)(72.9)
Other (income) expense10.72.211.918.1
Income from continuing operations before provision for income taxes329.3222.1674.2700.9
Provision for income taxes0.90.82.02.0
Income from continuing operations328.4221.3672.2698.9
Income from discontinued operations (including gain on disposition of assets of $164.0 million in 2022)1.615.3177.239.4
Net income$ 330.0$ 236.6$ 849.4$ 738.3
Earnings per common unit    
Basic income from continuing operations per common unit (in dollars per share)$ 1.58$ 1.01$ 3.19$ 3.15
Basic income from discontinued operations per common unit (in dollars per share)0.010.070.840.18
Basic net income per common unit (in dollars per share)$ 1.59$ 1.08$ 4.03$ 3.33
Weighted average number of common units outstanding used for basic net income per unit calculation (in shares)207.5218.6210.7221.6
Diluted income from continuing operations per common unit (in dollars per share)$ 1.58$ 1.01$ 3.19$ 3.15
Diluted income from discontinued operations per common unit (in dollars per share)0.010.070.840.18
Diluted net income per common unit (in dollars per share)$ 1.59$ 1.08$ 4.03$ 3.33
Weighted average number of common units outstanding used for diluted net income per unit calculation (in shares)207.6218.8210.7221.7
Transportation and terminals revenue    
Total revenue$ 482.5$ 464.9$ 1,374.7$ 1,332.3
Product sales revenue    
Total revenue388.2168.9948.0575.6
Affiliate management fee revenue    
Total revenue$ 5.4$ 5.3$ 16.7$ 15.9

MMP Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 8.1$ 2.0
Trade accounts receivable179.1135.2
Other accounts receivable44.334.6
Inventory348.8281.1
Commodity derivatives contracts, net56.91.4
Commodity derivatives deposits0.446.3
Assets held for sale9.9299.5
Other current assets70.143.1
Total current assets717.6843.2
Property, plant and equipment8,136.78,045.9
Less: accumulated depreciation2,284.82,141.2
Net property, plant and equipment5,851.95,904.7
Investments in non-controlled entities961.9980.8
Right-of-use asset, operating leases155.7174.2
Long-term receivables8.810.1
Goodwill50.450.1
Other intangibles (less accumulated amortization of $11.9 and $14.0 at December 31, 2021 and September 30, 2022, respectively)41.743.2
Restricted cash5.87.0
Other noncurrent assets20.516.7
Total assets7,814.38,030.0
Current liabilities:  
Accounts payable134.4109.5
Accrued payroll and benefits67.774.9
Accrued interest payable50.059.0
Accrued taxes other than income81.176.5
Deferred revenue102.292.5
Accrued product liabilities179.4153.5
Commodity derivatives contracts, net22.918.6
Commodity derivatives deposits12.90.0
Current portion of operating lease liability30.825.8
Liabilities held for sale0.015.8
Other current liabilities35.453.5
Total current liabilities716.8679.6
Long-term debt, net5,011.45,088.8
Long-term operating lease liability121.3147.3
Long-term pension and benefits129.7145.0
Other noncurrent liabilities84.269.5
Commitments and contingencies
Partners’ capital:  
Common unitholders (212.4 units and 204.9 units outstanding at December 31, 2021 and September 30, 2022, respectively)1,892.12,054.8
Accumulated other comprehensive loss(141.2)(155.0)
Total partners’ capital1,750.91,899.8
Total liabilities and partners’ capital$ 7,814.3$ 8,030.0