Market Summary
USD69.00+0.46
Market Closed0.67%
MMP Stock Price
MMP RSI Chart
MMP Valuation
MMP Price/Sales (Trailing)
MMP Profitability
MMP Fundamentals
MMP Revenue
MMP Earnings
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
MMP Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MMP
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
Which funds bought or sold MMP recently?
View All Details| Datesorted ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Magellan Midstream Partners
| 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 |
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| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ENB | 69.7B | 47.5B | 0.17% | -7.97% | 16.88 | 1.47 | -9.08% | -22.60% |
ET | 40.6B | 80.8B | 6.46% | 39.03% | 8.97 | 1.48 | -1.23% | 0.82% |
KMI | 37.3B | 17.1B | -3.40% | 2.92% | 14.87 | 2.18 | -3.10% | 3.16% |
MPLX | 34.3B | 11.5B | 1.06% | 23.17% | 8.45 | 2.93 | 5.75% | 23.65% |
MMP | 12.8B | 3.5B | 4.83% | 42.31% | 12.39 | 3.78 | 19.66% | 2.99% |
| MID-CAP | ||||||||
PAA | 9.4B | 51.2B | 3.23% | 49.83% | 7.41 | 0.17 | -4.81% | 74.39% |
DKL | 2.0B | 1.1B | 4.45% | -9.47% | 13.01 | 1.9 | 42.53% | -0.22% |
HEP | - | 574.6M | 2.55% | 37.23% | - | - | 15.60% | 8.47% |
PAGP | - | 51.2B | 2.32% | 51.00% | - | - | -4.81% | 105.31% |
| SMALL-CAP | ||||||||
NS | 1.9B | 308.0M | 6.99% | 35.60% | 8.53 | 8.41 | 145.69% | 7305.10% |
SMLP | - | 384.8M | -3.11% | -1.48% | - | - | -2.94% | 38.53% |
PBFX | 1.2B | - | -5.36% | 88.83% | 8.18 | 3.45 | - | - |
Magellan Midstream Partners News
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) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.6% | 3,484 | 3,395 | 3,200 | 3,149 | 2,912 | 2,777 | 2,733 | 2,482 | 2,419 | 2,205 | 2,322 | 2,412 | 2,493 | 2,755 | 2,601 | 2,853 | 2,834 | 2,777 | 2,827 | 2,634 | 2,569 |
| Costs and Expenses | 0.8% | 2,347 | 2,327 | 2,245 | 2,144 | 2,022 | 1,873 | 1,784 | 1,589 | 1,542 | 1,393 | 1,470 | 1,489 | 1,522 | 1,678 | 1,602 | 1,801 | 1,811 | 1,795 | 1,813 | 1,684 | 1,662 |
| S&GA Expenses | 7.4% | 256 | 238 | 241 | 235 | 224 | 223 | 206 | 204 | 195 | 181 | 171 | 161 | 174 | 185 | 194 | 197 | 193 | 194 | 194 | 192 | 182 |
| EBITDA | -100.0% | - | 1,495 | 1,385 | 1,371 | 1,267 | 1,343 | 1,391 | 1,335 | 1,329 | 1,194 | 1,268 | 1,411 | 1,456 | 1,566 | 1,490 | - | - | - | - | - | - |
| 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% | 230 | 230 | 230 | 230 | 229 | 228 | 228 | 226 | 223 | 235 | 234 | 235 | 235 | 217 | 221 | 218 | 219 | 224 | 221 | 225 | 221 |
| Earnings Before Taxes | 6.0% | 1,032 | 974 | 862 | 908 | 801 | 884 | 935 | 879 | 863 | 728 | 791 | 877 | 945 | 1,069 | 989 | 1,047 | 1,370 | 1,331 | 1,334 | 1,263 | 866 |
| 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% | 1,030 | 1,145 | 1,036 | 1,093 | 1,000 | 926 | 982 | 922 | 897 | 751 | 817 | 919 | 981 | 1,101 | 1,021 | 1,048 | 1,370 | 1,331 | 1,334 | 1,258 | 862 |
| 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% | - | 1,218 | 966 | 934 | 833 | 893 | 1,048 | 972 | 911 | 666 | 668 | 641 | 576 | 588 | 376 | - | - | - | - | - | - |
Balance Sheet(In 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 |
| 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 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (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 |
| Cashflow From Operations | 7.7% | 1,500 | 1,392 | 1,141 | 1,106 | 1,000 | 1,056 | 1,196 | 1,146 | 1,137 | 963 | 1,108 | 1,238 | 1,313 | 1,498 | 1,320 | 1,412 | 1,359 | 1,282 | 1,353 | 1,181 | 1,112 |
| Share Based Compensation | -2.3% | 30.00 | 31.00 | 39.00 | 35.00 | 35.00 | 32.00 | 22.00 | 22.00 | 18.00 | 17.00 | 12.00 | 7.00 | 13.00 | 19.00 | 24.00 | 30.00 | 31.00 | 30.00 | 32.00 | 31.00 | 27.00 |
| Cashflow From Investing | -165.5% | -181 | 277 | 274 | 278 | 282 | 103 | 118 | 71.00 | 17.00 | -362 | -199 | -381 | -522 | -652 | -1,006 | -955 | -298 | -180 | -119 | -56.46 | -583 |
| Cashflow From Financing | 28.0% | -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% | 313 | 477 | 463 | 427 | 680 | 573 | 523 | 498 | 157 | 75.00 | 277 | 252 | 202 | 202 | - | - | - | - | - | - | - |
MMP Income Statement
2023-06-30Consolidated 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
2023-06-30Consolidated 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 |
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.