StocksFundsScreenerSectorsWatchlists
MMP

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

286.90USD+8.60 (+3.09%)Market Closed

Market Summary

MMP
USD286.90+8.60
Market Closed
3.09%

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

0.9%

Last 30 days

15.2%

Last 90 days

38.1%

Trailing 12 Months

88.9%

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
YearQ1Q2Q3Q4
20233.4B3.5B00
20222.8B2.9B3.1B3.2B
20212.2B2.4B2.5B2.7B
20202.8B2.5B2.4B2.3B
20192.8B2.8B2.9B2.6B
20182.5B2.6B2.6B2.8B
20172.3B2.4B2.4B2.5B
20162.2B2.2B2.2B2.2B
20152.3B2.2B2.3B2.2B
20142.1B2.2B2.3B2.4B
20131.7B1.7B1.8B1.9B
20121.8B1.9B1.8B1.8B
20111.7B1.6B1.7B1.7B
20101.1B1.3B1.5B1.6B
200901.1B1.1B1.0B
20080001.2B
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>

PurpleZone


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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold MMP recently?

View All Details
Datesorted ascendingFund NameType% 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
BRADLEY FOSTER & SARGENT INC/CT
sold off
-100
-5,188,700
-
-%
Feb 14, 2024
Coppell Advisory Solutions LLC
sold off
-100
-5,021
-
-%
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
IFP Advisors, Inc
sold off
-
-131,442
-
-%
Jan 09, 2024
Beacon Capital Management, LLC
sold off
-100
-18,135
-
-%

1–10 of 50

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 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

Peers (Alternatives to Magellan Midstream Partners LP)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
71.8B
43.6B
-4.95% -15.68%
11.59
1.64
-18.12% 106.16%
61.8B
49.7B
-0.42% 5.71%
11.18
1.24
-14.56% 0.77%
51.2B
78.6B
-0.85% 18.46%
13.02
0.65
-12.56% -17.26%
39.9B
15.3B
2.10% 0.90%
16.68
2.6
-20.14% -6.16%
36.2B
20.3B
-4.26% 1.06%
3.67
1.79
-39.46% 591.95%
12.3B
48.7B
3.67% 33.26%
9.98
0.25
-15.05% 18.61%
MID-CAP
6.5B
1.0B
2.17% 28.53%
17.61
6.29
13.24% 13.96%
6.1B
6.9B
3.78% 25.84%
29.54
0.88
-27.69% -42.93%
5.4B
1.4B
12.09% 161.83%
12.1
3.86
2.66% 265.30%
2.8B
1.3B
-1.48% 18.54%
11.5
2.05
5.76% 9.36%
2.6B
1.1B
0.65% 30.42%
4.61
2.39
23.95% 43.45%
SMALL-CAP
1.5B
16.5B
-0.48% 50.35%
10.14
0.09
-12.64% -57.90%
1.4B
3.2B
11.92% 6.82%
12.22
0.45
13.91% 56.01%
286.4M
82.4M
-4.55% -4.48%
7.48
3.48
5.74% -6.51%
96.3M
798.0M
-5.36% -3.14%
-21.18
0.12
-21.68% 55.98%

Magellan Midstream Partners LP News

Latest updates
Yahoo Movies Canada47 hours ago
The Motley Fool8 months ago

Magellan Midstream Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue0.9%877870861876789675809639654631541576439783614657702629866638644
Costs and Expenses4.8%598570656523578488555400429399349353280499357386437423555396420
  S&GA Expenses23.3%75.0060.0063.0058.0057.0063.0058.0047.0056.0046.0055.0037.0042.0037.0045.0051.0052.0046.0047.0047.0053.00
EBITDA Margin1.1%0.45*0.44*0.43*0.44*0.44*0.48*0.51*0.54*0.55*0.55*-----------
Interest Expenses-0.9%57.0058.0057.0057.0058.0057.0057.0057.0057.0057.0055.0054.0069.0056.0056.0054.0051.0060.0052.0055.0057.00
Income Taxes77.8%2.001.001.001.000.001.000.001.000.001.001.001.001.001.00-1.050.001.001.00-3.592.001.00
Earnings Before Taxes-12.6%240275188329182163234222265214172206131288253273255209310596216
EBT Margin3.3%0.30*0.29*0.27*0.29*0.27*0.32*0.34*0.35*0.36*0.33*-----------
Net Income-12.9%239274187330354166244237280221184212134288286273254208314595214
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 Cashflow14.9%35330830734825656.00275247315211-----------
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
  Long Term Debt0.0%4,9844,9845,0155,0115,0015,3175,0895,1034,9804,9964,9794,9004,7934,1554,7064,7064,4084,2804,2113,7194,392
    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
Float-----9,912---10,803---9,687---14,579---15,723
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations15.1%404,500351,500352,500391,500296,900100,400317,100286,000352,700240,400267,395276,852178,632384,621397,503352,037364,004206,556489,169299,715286,164
  Share Based Compensation21.9%7,8006,4009,7005,9008,50014,4006,1005,6005,4004,7006,4201,1694,2561551,4236,77310,8904,9147,4417,93310,047
Cashflow From Investing-14.1%-50,200-44,000-45,700-41,500408,200-46,600-42,000-37,700229,000-31,200-89,135-91,462-150,596131,793-271,452-232,574-280,280-221,894-220,693423,926-162,256
Cashflow From Financing21.3%-237,900-302,400-313,800-347,000-705,500-51,500-286,500-494,300-328,300-218,600-176,194-174,213-168,437-451,456-232,98240,783-103,007-243,394-219,445-567,468-94,048
  Buy Backs-44.8%26,20047,50093,900137,600189,60050,00050,100390,70082,300-24,95049,968-201,982-------

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
MMP
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
 WEBSITEmagellanlp.com
 INDUSTRYOil - Midstream
 EMPLOYEES1655

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 Mon Apr 15 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 Mon Apr 15 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.