Last $79.55 USD
Change Today +0.32 / 0.40%
Volume 726.9K
MMP On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

magellan midstream partners (MMP) Snapshot

Open
$79.23
Previous Close
$79.23
Day High
$80.43
Day Low
$78.08
52 Week High
09/19/14 - $87.50
52 Week Low
10/21/13 - $57.54
Market Cap
18.1B
Average Volume 10 Days
1.4M
EPS TTM
$3.19
Shares Outstanding
227.1M
EX-Date
07/31/14
P/E TM
25.0x
Dividend
$2.56
Dividend Yield
3.01%
Current Stock Chart for MAGELLAN MIDSTREAM PARTNERS (MMP)

magellan midstream partners (MMP) Related Businessweek News

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magellan midstream partners (MMP) Details

Magellan Midstream Partners transports, stores, and distributes refined petroleum products. Its pipelines run from the Texas Gulf Coast to Colorado, Illinois, Minnesota, and North Dakota. It also pipes ammonia Texas and Oklahoma to the Midwest. Customers include independent and integrated oil companies, wholesalers, retailers, railroads, airlines, and regional farm cooperatives. The company was founded in 2000 and is based in Tulsa.

1,459 Employees
Last Reported Date: 02/24/14
Founded in 2000

magellan midstream partners (MMP) Top Compensated Officers

Chairman of Magellan GP LLC, Chief Executive ...
Total Annual Compensation: $531.0K
Senior Vice President of Magellan GP LLC, Gen...
Total Annual Compensation: $292.7K
Senior Vice President of Human Resources and ...
Total Annual Compensation: $283.5K
Senior Vice President of Business Development...
Total Annual Compensation: $306.1K
Compensation as of Fiscal Year 2013.

magellan midstream partners (MMP) Key Developments

BridgeTex Pipeline Begins Commercial Service from the Permian Basin to the Houston Gulf Coast Area

Magellan Midstream Partners, L.P. and Occidental Petroleum Corporation announced that BridgeTex Pipeline began commercial service, delivering crude oil from West Texas to the Houston Gulf Coast area. Construction of the BridgeTex Pipeline commenced in Nov. 2012 following an initial successful open season in which BridgeTex secured long-term transportation commitments supporting the project. Initial flow rates are expected to ramp up over time, as the BridgeTex Pipeline is capable of transporting up to 300,000 barrels per day of Permian Basin crude oil.

Magellan Midstream Mulls Acquisitions

Magellan Midstream Partners LP (NYSE:MMP) is seeking acquisitions. The company's President and Chief Executive, Michael Mears, said, "When it comes to potential acquisitions, we're very disciplined. We're willing to walk away from an acquisition if the price gets too high, even if it's an asset we really want to own."

Magellan Midstream Partners LP Presents at 5th annual DUG Eagle Ford Conference, Sep-16-2014 02:00 PM

Magellan Midstream Partners LP Presents at 5th annual DUG Eagle Ford Conference, Sep-16-2014 02:00 PM. Venue: Henry B. Gonzalez Convention Center, San Antonio, Texas, United States. Speakers: Robert L. Barnes, Senior Vice President of Commercial for Crude Oil - Magellan GP LLC.

 

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MMP Competitors

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Company Last Change
Cabot Oil & Gas Corp $30.82 USD -0.13
Consolidated Edison Inc $61.46 USD +0.76
Noble Energy Inc $57.51 USD +0.92
Public Service Enterprise Group Inc $38.16 USD +0.66
Spectra Energy Partners LP $51.71 USD +0.98
View Industry Companies
 

Industry Analysis

MMP

Industry Average

Valuation MMP Industry Range
Price/Earnings 25.6x
Price/Sales 8.4x
Price/Book 10.2x
Price/Cash Flow 21.1x
TEV/Sales 7.1x
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