Last $82.54 USD
Change Today -1.34 / -1.60%
Volume 887.1K
MMP On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

magellan midstream partners (MMP) Snapshot

Open
$83.71
Previous Close
$83.88
Day High
$83.91
Day Low
$81.08
52 Week High
07/22/14 - $86.72
52 Week Low
09/17/13 - $51.93
Market Cap
18.7B
Average Volume 10 Days
405.1K
EPS TTM
$3.14
Shares Outstanding
227.1M
EX-Date
07/31/14
P/E TM
26.3x
Dividend
$2.56
Dividend Yield
2.77%
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

Magellan Midstream Partners, L.P. Declares Quarterly Cash Distribution, Payable on Aug. 14, 2014

The board of directors of Magellan Midstream Partners, L.P. has increased the partnership's quarterly cash distribution to 64 cents per unit for the period April 1 through June 30, 2014. The second-quarter 2014 distribution is 20% higher than the second-quarter 2013 distribution of 53.25 cents per unit and represents a 4% increase over the first-quarter 2014 distribution of 61.25 cents. The new distribution, which equates to $2.56 per unit on an annualized basis, will be paid Aug. 14, 2014 to unitholders of record at the close of business on Aug. 4, 2014.

Magellan Midstream Partners LP Presents at Credit Suisse MLP & Energy Logistics Conference, Jun-10-2014 01:15 PM

Magellan Midstream Partners LP Presents at Credit Suisse MLP & Energy Logistics Conference, Jun-10-2014 01:15 PM. Venue: New York, New York, United States. Speakers: Michael N. Mears, Chairman of Magellan GP LLC, Chief Executive Officer of Magellan GP LLC and President of Magellan GP LLC.

Magellan Midstream Partners, L.P. Announces Project to Deliver Refined Petroleum Products to Little Rock

Magellan Midstream Partners, L.P. announced a pipeline project to deliver refined petroleum products to Little Rock, Arkansas, supported by commitments from its open season. Magellan plans to transport up to 75,000 barrels per day of gasoline, diesel fuel and jet fuel to Little Rock from the partnership's Ft. Smith, Arkansas terminal, providing the Little Rock market access to refined products from Mid-Continent and Gulf Coast refineries via Magellan's extensive refined petroleum products pipeline system. Magellan has entered into an agreement with Ozark Gas Transmission, L.L.C. to utilize an existing 160-mile pipeline on a long-term basis for a portion of the route. In addition, Magellan will extend this existing pipeline to Magellan's Ft. Smith terminal and to the Little Rock market with approximately 50 miles of newly-constructed 12-inch pipe and make enhancements to its pipeline system to accommodate additional volumes. The company expects to spend approximately $150 million for construction.

 

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Industry Analysis

MMP

Industry Average

Valuation MMP Industry Range
Price/Earnings 26.8x
Price/Sales 9.1x
Price/Book 10.9x
Price/Cash Flow 22.3x
TEV/Sales 7.6x
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