NYSE
MMP

Magellan Midstream Partners LP

Oil & Gas Midstream
Energy

Prices are adjusted according to historical splits.

Magellan Midstream Partners LP Stock Price

Vitals

Today's Low:
$230.7
Today's High:
$230.7
Open Price:
$230.7
52W Low:
$42.2472
52W High:
$67.95
Prev. Close:
$235.4
Volume:
1030

Company Statistics

Market Cap.:
$13.43 billion
Book Value:
8.484
Revenue TTM:
$3.48 billion
Operating Margin TTM:
32.57%
Gross Profit TTM:
$1.49 billion
Profit Margin:
29.55%
Return on Assets TTM:
9.2%
Return on Equity TTM:
59.18%

Company Profile

Magellan Midstream Partners LP had its IPO on 2001-02-06 under the ticker symbol MMP.

The company operates in the Energy sector and Oil & Gas Midstream industry. Magellan Midstream Partners LP has a staff strength of 1,655 employees.

Stock update

Shares of Magellan Midstream Partners LP opened at $230.7 at the start of the last trading session i.e. 2023-09-13.

The stocks traded within a range of $230.7 - $230.7, and closed at $230.7.

This is a -2% slip from the previous day's closing price.

A total volume of 1,030 shares were traded at the close of the day’s session.

In the last one week, shares of Magellan Midstream Partners LP have increased by +1.67%.

Magellan Midstream Partners LP's Key Ratios

Magellan Midstream Partners LP has a market cap of $13.43 billion, indicating a price to book ratio of 5.9167 and a price to sales ratio of 3.2536.

In the last 12-months Magellan Midstream Partners LP’s revenue was $3.48 billion with a gross profit of $1.49 billion and an EBITDA of $1.42 billion. The EBITDA ratio measures Magellan Midstream Partners LP's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Magellan Midstream Partners LP’s operating margin was 32.57% while its return on assets stood at 9.2% with a return of equity of 59.18%.

In Q2, Magellan Midstream Partners LP’s quarterly earnings growth was a negative -29.7% while revenue growth was a positive 11.2%.

Magellan Midstream Partners LP’s PE and PEG Ratio

Forward PE
10.3842
Trailing PE
13.29
PEG
4.8962

Its diluted EPS in the last 12-months stands at $5 per share while it has a forward price to earnings multiple of 10.3842 and a PEG multiple of 4.8962. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Magellan Midstream Partners LP’s profitability.

Magellan Midstream Partners LP stock is trading at a EV to sales ratio of 4.9274 and a EV to EBITDA ratio of 11.3281. Its price to sales ratio in the trailing 12-months stood at 3.2536.

Magellan Midstream Partners LP stock pays annual dividends of $4.19 per share, indicating a yield of 6.3% and a payout ratio of 67.53%.

Balance sheet and cash flow metrics

Total Assets
$7.63 billion
Total Liabilities
$681.10 million
Operating Cash Flow
$-50200000.00
Capital Expenditure
$51.30 million
Dividend Payout Ratio
67.53%

Magellan Midstream Partners LP ended 2024 with $7.63 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $7.63 billion while shareholder equity stood at $-93900000.00.

Magellan Midstream Partners LP ended 2024 with $0 in deferred long-term liabilities, $681.10 million in other current liabilities, 1808400000.00 in common stock, $0 in retained earnings and $50.40 million in goodwill. Its cash balance stood at $128.40 million and cash and short-term investments were $128.40 million. The company’s total short-term debt was $21,300,000 while long-term debt stood at $4.98 billion.

Magellan Midstream Partners LP’s total current assets stands at $737.30 million while long-term investments were $867.40 million and short-term investments were $0. Its net receivables were $204.30 million compared to accounts payable of $137.70 million and inventory worth $330.10 million.

In 2024, Magellan Midstream Partners LP's operating cash flow was $-50200000.00 while its capital expenditure stood at $51.30 million.

Comparatively, Magellan Midstream Partners LP paid $0.68 in dividends in 2024.

Other key metrics

Current Trading Price
$230.7
52-Week High
$67.95
52-Week Low
$42.2472
Analyst Target Price
$63.05

Magellan Midstream Partners LP stock is currently trading at $230.7 per share. It touched a 52-week high of $67.95 and a 52-week low of $67.95. Analysts tracking the stock have a 12-month average target price of $63.05.

Its 50-day moving average was $204.26 and 200-day moving average was $156.65 The short ratio stood at 6.9 indicating a short percent outstanding of 0%.

Around 38.8% of the company’s stock are held by insiders while 5309.8% are held by institutions.

Frequently Asked Questions About Magellan Midstream Partners LP

The stock symbol (also called stock or share ticker) of Magellan Midstream Partners LP is MMP

The IPO of Magellan Midstream Partners LP took place on 2001-02-06

Similar Industry Stocks (Oil & Gas Midstream)

Last Price
Chg
Chg%
$939.2
-33.45
-3.44%
$414.1
-21.2
-4.87%
$10.89
0.41
+3.91%
$180.9
-9.5
-4.99%
AAIC-P-C (AAIC-P-C)
$24.5
0.1
+0.41%
$2.08
0
0%
$1.71
0.08
+4.59%
$123.3
-9.45
-7.12%
DCM Limited (502820)
$72.19
-3.24
-4.3%
$286.81
-0.24
-0.08%

Most Active

Last Price
Chg
Chg%
Amyris Inc (AMRS)
$0.14
0.07
+100%
$0.12
0.04
+45.29%
$0.96
0.05
+5.4%
$1.34
-0.35
-20.71%
Humbl Inc (HMBL)
$0
0
0%

Top Gainers

Last Price
Chg
Chg%
$0
0
+172200%
$0
0
+51200%
$283
280.03
+9428.62%
$11.2
10.57
+1667.68%
Latch Inc (LTCHW)
$0.01
-0.03
+1550%

Top Losers

Last Price
Chg
Chg%
$0.19
-123.15
-99.85%
$0
-0.11
-99.55%
$0
-0
-97.96%
$0
-0.01
-93.94%
$0.01
-0.06
-92.24%

About

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.

Address

One Williams Center, Tulsa, OK, United States, 74121-2186