Complete financial analysis of Magellan Midstream Partners, L.P. (MMP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Magellan Midstream Partners, L.P., a leading company in the Oil & Gas Midstream industry within the Energy sector.
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Magellan Midstream Partners, L.P. (MMP)
About Magellan Midstream Partners, L.P.
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.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.20B | 2.73B | 2.43B | 2.73B | 2.83B | 2.51B | 2.21B | 2.19B | 2.30B | 1.90B | 1.77B | 1.75B | 1.56B | 1.01B | 1.21B | 1.32B | 1.22B | 485.16M | 695.37M | 485.16M | 434.48M | 86.05M | 72.49M |
| Cost of Revenue | 1.41B | 1.01B | 772.39M | 865.41M | 969.39M | 832.25M | 671.48M | 614.09M | 756.33M | 720.26M | 785.12M | 1.01B | 950.80M | 537.93M | 702.30M | 885.51M | 849.87M | 264.52M | 432.67M | 264.52M | 63.98M | 37.31M | 0.00 |
| Gross Profit | 1.79B | 1.73B | 1.66B | 1.86B | 1.86B | 1.68B | 1.53B | 1.57B | 1.55B | 1.18B | 986.95M | 735.98M | 606.65M | 476.25M | 510.49M | 432.61M | 373.69M | 220.64M | 262.71M | 220.64M | 370.50M | 48.74M | 72.49M |
| Gross Profit Ratio | 55.87% | 63.12% | 68.19% | 68.28% | 65.70% | 66.81% | 69.55% | 71.94% | 67.17% | 62.04% | 55.69% | 42.09% | 38.95% | 46.96% | 42.09% | 32.82% | 30.54% | 45.48% | 37.78% | 45.48% | 85.27% | 56.64% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 240.70M | 206.30M | 173.48M | 196.65M | 194.28M | 165.72M | 147.82M | 151.33M | 148.29M | 132.50M | 109.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 240.70M | 206.30M | 173.48M | 196.65M | 194.28M | 165.72M | 147.82M | 151.33M | 148.29M | 132.50M | 109.40M | 98.67M | 95.32M | 84.05M | 70.44M | 72.59M | 67.11M | 59.12M | 57.06M | 59.12M | 198.33M | 8.96M | 11.96M |
| Other Expenses | 586.80M | 566.90M | 601.26M | 631.11M | -13.87M | -4.14M | 36.35M | 1.02M | -8.57M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 827.50M | 773.20M | 774.74M | 827.76M | 843.72M | 743.70M | 677.57M | 677.23M | 592.56M | 478.57M | 437.86M | 219.85M | 203.98M | 181.27M | 141.59M | 136.38M | 127.96M | 95.20M | 98.90M | 95.20M | 233.42M | 20.70M | 54.79M |
| Cost & Expenses | 2.24B | 1.78B | 1.55B | 1.69B | 1.81B | 1.58B | 1.35B | 1.29B | 1.35B | 1.20B | 1.22B | 1.23B | 1.15B | 719.19M | 843.88M | 1.02B | 977.83M | 359.72M | 531.57M | 359.72M | 297.41M | 58.02M | 54.79M |
| Interest Income | 1.20M | 500.00K | 1.04M | 3.29M | 3.01M | 1.42M | 1.40M | 1.28M | 1.54M | 342.00K | 107.00K | 61.00K | 140.00K | 660.00K | 1.48M | 1.77M | 2.10M | 2.06M | 2.46M | 2.06M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 228.00M | 226.40M | 222.86M | 201.84M | 203.52M | 195.13M | 166.81M | 144.45M | 120.73M | 116.12M | 111.79M | 105.70M | 192.76M | 70.96M | 51.95M | 52.81M | 55.11M | 36.60M | 37.89M | 36.60M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 292.80M | 227.90M | 258.68M | 246.13M | 265.08M | 196.63M | 178.14M | 166.81M | 161.74M | 142.23M | 128.01M | 123.01M | 110.07M | 97.22M | 71.15M | 63.79M | 60.85M | 56.31M | 41.85M | 36.08M | 45.05M | 11.75M | 9.33M |
| EBITDA | 1.09B | 1.09B | 1.03B | 1.20B | 1.18B | 1.05B | 972.80M | 965.91M | 964.87M | 702.97M | 550.08M | 645.97M | 613.63M | 396.29M | 445.60M | 365.82M | 312.00M | 183.81M | 209.71M | 163.59M | 180.01M | 38.73M | 27.07M |
| EBITDA Ratio | 34.03% | 39.74% | 42.42% | 43.81% | 41.88% | 41.87% | 44.11% | 44.14% | 41.88% | 37.05% | 31.04% | 36.94% | 39.40% | 39.07% | 36.74% | 27.75% | 25.50% | 37.89% | 30.16% | 33.72% | 41.43% | 45.00% | 37.35% |
| Operating Income | 796.20M | 858.10M | 771.20M | 949.03M | 1.19B | 1.05B | 935.05M | 963.62M | 974.23M | 705.06M | 552.06M | 522.90M | 408.40M | 294.98M | 399.46M | 300.26M | 249.05M | 125.44M | 165.41M | 125.44M | 137.07M | 28.04M | 17.71M |
| Operating Income Ratio | 24.88% | 31.40% | 31.77% | 34.79% | 42.26% | 41.98% | 42.40% | 44.03% | 42.29% | 37.16% | 31.15% | 29.90% | 26.22% | 29.09% | 32.94% | 22.78% | 20.35% | 25.86% | 23.79% | 25.86% | 31.55% | 32.58% | 24.43% |
| Total Other Income/Expenses | -246.20M | -171.80M | -214.10M | -181.42M | 139.42M | -179.35M | -129.06M | -142.16M | -130.09M | -118.21M | -113.77M | -107.47M | -95.45M | -66.84M | -50.86M | -55.90M | -56.33M | 34.04M | -55.21M | -37.27M | -29.60M | -6.10M | -12.86M |
| Income Before Tax | 861.90M | 934.60M | 819.90M | 1.02B | 1.33B | 873.36M | 805.99M | 821.46M | 844.14M | 586.85M | 438.29M | 415.43M | 312.95M | 228.14M | 348.60M | 244.36M | 192.73M | 88.17M | 110.20M | 88.17M | 107.48M | 21.93M | 4.85M |
| Income Before Tax Ratio | 26.93% | 34.20% | 33.77% | 37.48% | 47.19% | 34.83% | 36.55% | 37.54% | 36.64% | 30.93% | 24.73% | 23.76% | 20.09% | 22.49% | 28.74% | 18.54% | 15.75% | 18.17% | 15.85% | 18.17% | 24.74% | 25.49% | 6.69% |
| Income Tax Expense | 2.70M | 2.30M | 2.93M | 1.44M | 71.00K | 3.83M | 3.22M | 2.34M | 4.62M | 4.61M | 2.62M | 1.87M | 1.37M | 1.66M | 1.99M | 1.57M | 58.43M | 36.60M | 39.50M | 36.60M | 8.32M | 187.00K | 1.84M |
| Net Income | 1.04B | 982.00M | 816.97M | 1.02B | 1.33B | 869.53M | 802.77M | 819.12M | 839.52M | 582.24M | 435.67M | 413.63M | 311.98M | 126.75M | 346.61M | 242.79M | 192.73M | 88.17M | 110.20M | 88.17M | 99.15M | 21.75M | 3.01M |
| Net Income Ratio | 32.38% | 35.93% | 33.65% | 37.42% | 47.19% | 34.67% | 36.40% | 37.43% | 36.44% | 30.68% | 24.59% | 23.65% | 20.03% | 12.50% | 28.58% | 18.42% | 15.75% | 18.17% | 15.85% | 18.17% | 22.82% | 25.27% | 4.15% |
| EPS | 4.95 | 4.47 | 3.62 | 4.46 | 5.84 | 3.81 | 3.52 | 3.60 | 3.69 | 2.57 | 1.92 | 1.83 | 1.42 | 1.11 | 0.70 | 0.49 | 1.12 | 1.02 | 0.86 | 1.02 | 0.92 | 0.47 | 0.16 |
| EPS Diluted | 4.95 | 4.47 | 3.62 | 4.46 | 5.84 | 3.81 | 3.52 | 3.59 | 3.69 | 2.56 | 1.92 | 1.83 | 1.42 | 1.11 | 0.70 | 0.49 | 1.12 | 1.01 | 0.86 | 1.01 | 0.92 | 0.47 | 0.16 |
| Weighted Avg Shares Out | 209.40M | 219.60M | 225.50M | 228.70M | 228.38M | 228.18M | 227.93M | 227.55M | 227.26M | 226.83M | 226.37M | 225.67M | 218.97M | 114.23M | 125.31M | 125.30M | 132.72M | 132.72M | 117.43M | 132.72M | 87.64M | 45.44M | 18.39M |
| Weighted Avg Shares Out (Dil) | 209.60M | 219.80M | 225.50M | 228.80M | 228.57M | 228.34M | 228.06M | 227.89M | 227.63M | 227.09M | 226.61M | 225.97M | 219.12M | 114.29M | 125.31M | 125.30M | 133.23M | 133.25M | 117.69M | 133.25M | 87.87M | 45.48M | 18.39M |
Magellan Midstream Announces Filing of Definitive Proxy Statement in Connection with Pending ONEOK Transaction
Launches New Website, MaximizingValueforMMPunitholders.com, Outlining Benefits of the Transaction and Tax Considerations for Magellan Unitholders Urges Unitholders to Vote "FOR" the Pending Merger TULSA, Okla. , July 25, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.
ONEOK Announces Filing of Definitive Proxy Statement in Connection with its Pending Acquisition of Magellan Midstream Partners
Special Meeting of Shareholders Set for Sept. 21, 2023 ONEOK's Board of Directors Recommends Shareholders Vote "FOR" All Proposals at the Special Meeting TULSA, Okla.
Magellan Midstream Comments on Report by Renowned Tax Expert, Robert Willens
Report Underscores Benefits of Tax Structure and Value Transaction Delivers to Magellan Unitholders Magellan Urges Unitholders to Vote "FOR" the Pending Merger TULSA, Okla. , July 25, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan says confident sale to ONEOK will gain sufficient investor backing
Magellan Midstream Partners Chief Executive Aaron Milford said he is confident the pipeline operator's planned sale to larger peer ONEOK Inc for $18.8 billion will gain approval from its investors despite some opposition.
Top Dividend Stocks: Investors Could Get Quick 5% Return On Magellan's Buyout
With Magellan currently trading around 64, investors have the opportunity to earn a 5.4% return in a matter of months.
Magellan Midstream Sets Record and Meeting Dates for Pending ONEOK Merger Vote
Magellan Board Unanimously Recommends Unitholders Vote "FOR" the Pending Merger TULSA, Okla. , July 11, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan Midstream to Announce Second-Quarter 2023 Financial Results on Aug. 3
TULSA, Okla. , June 29, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Additional ONEOK-Magellan Deal Details Disclosed in SEC Filings
Recent regulatory filings from ONEOK (OKE) and Magellan Midstream Partners, LP (MMP) provide insight into the expected deal synergies. Midstream corporation ONEOK announced last month it will acquire MLP Magellan in a cash-and-stock deal valued at $18.8 billion.
Magellan Midstream Partners, L.P. (MMP) J.P.
Magellan Midstream Partners, L.P. (NYSE:MMP ) Q4 2023 Earnings Call Transcript June 21, 2023 4:30 PM ET Company Participants Aaron Milford - Chief Executive Officer Conference Call Participants Jeremy Tonet - J.P.
ONEOK And Magellan May Be Stronger Together But Face Opposition From Unitholders
Energy Income Partners opposes ONEOK's acquisition of Magellan Midstream Partners due to tax consequences and potential loss of value. The acquisition would create a larger energy infrastructure footprint in Middle America, making it more attractive for larger players. Despite opposition,...
Source: https://incomestatements.info
Category: Stock Reports