Acquired by ONEOK, Inc. in Oct 2023
MMP - Magellan Midstream Partners, L.P.
NYSE
->
Energy
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Oil & Gas Midstream
Tulsa,
United States
Type: Equity
MMP price evolution
MMP
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Jan 2023 | 30 Sep 2022 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $128.4 | $12 | $6.9 | $13.9 |
| Short term investments | ||||
| Net receivables | $212.4 | $204.7 | $264.3 | $232.2 |
| Inventory | $330.1 | $326.6 | $356.2 | $348.8 |
| Total current assets | $737.3 | $598.8 | $710.5 | $717.6 |
| Long term investments | $859.3 | $882.1 | $894 | $961.9 |
| Property, plant & equipment | $5921.6 | $5963.5 | $5979.7 | $6007.6 |
| Goodwill & intangible assets | $90 | $90.7 | $91.4 | $92.1 |
| Total noncurrent assets | $6891.9 | $6968.3 | $6997.2 | $7096.7 |
| Total investments | $859.3 | $882.1 | $894 | $961.9 |
| Total assets | $7629.2 | $7567.1 | $7707.7 | $7814.3 |
| Current liabilities | ||||
| Accounts payable | $137.7 | $126.9 | $108.2 | $134.4 |
| Deferred revenue | $94.1 | $109.6 | $103.9 | $102.2 |
| Short long term debt | $21.3 | $31.1 | $31 | $30.8 |
| Total current liabilities | $681.1 | $618.1 | $725.5 | $716.8 |
| Long term debt | $5060.8 | $5095.8 | $5015 | $5132.7 |
| Total noncurrent liabilities | $5233.6 | $5267.6 | $5297.3 | $5346.6 |
| Total debt | $5082.1 | $5126.9 | $5162.9 | $5163.5 |
| Total liabilities | $5914.7 | $5885.7 | $6022.8 | $6063.4 |
| Shareholders' equity | ||||
| Retained earnings | ||||
| Other shareholder equity | -$93.9 | -$92.6 | -$93.9 | -$141.2 |
| Total shareholder equity | $1714.5 | $1681.4 | $1684.9 | $1750.9 |
| (in millions $) | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $6.9 | $9 | $22.45 | $84.6 |
| Short term investments | ||||
| Net receivables | $264.3 | $179.9 | $168.97 | $170.11 |
| Inventory | $356.2 | $281.1 | $167.39 | $184.4 |
| Total current assets | $710.5 | $843.2 | $405.19 | $459.41 |
| Long term investments | $894 | $980.8 | $1213.86 | $1240.55 |
| Property, plant & equipment | $5979.7 | $6078.9 | $6427.77 | $6575.9 |
| Goodwill & intangible assets | $91.4 | $93.3 | $97.75 | $101.16 |
| Total noncurrent assets | $6997.2 | $7186.8 | $7791.79 | $7978.32 |
| Total investments | $894 | $980.8 | $1213.86 | $1240.55 |
| Total assets | $7707.7 | $8030 | $8196.98 | $8437.73 |
| Current liabilities | ||||
| Accounts payable | $108.2 | $109.5 | $100.02 | $150.99 |
| Deferred revenue | $103.9 | $92.5 | $98.9 | $109.65 |
| Short long term debt | $31 | $25.8 | $27.53 | $26.22 |
| Total current liabilities | $725.5 | $679.6 | $558.57 | $666.88 |
| Long term debt | $5015 | $5236.1 | $5116.17 | $4850.1 |
| Total noncurrent liabilities | $5297.3 | $5450.6 | $5334.6 | $5055.82 |
| Total debt | $5162.9 | $5261.9 | $5143.71 | $4876.32 |
| Total liabilities | $6022.8 | $6130.2 | $5893.18 | $5722.7 |
| Shareholders' equity | ||||
| Retained earnings | ||||
| Other shareholder equity | -$93.9 | -$155 | -$183.19 | -$162.08 |
| Total shareholder equity | $1684.9 | $1899.8 | $2303.81 | $2715.03 |
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $877.2 | $869.7 | $861 | $876.1 |
| Cost of revenue | $466.5 | $454 | $474.7 | $406.8 |
| Gross Profit | $410.7 | $415.7 | $386.3 | $469.3 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $74.5 | $60.4 | $63 | $58 |
| Total operating expenses | $130.5 | $110.4 | $177.7 | $114.6 |
| Operating income | $280.2 | $305.3 | $208.6 | $354.7 |
| Income from continuing operations | ||||
| EBIT | $297.5 | $332.5 | $245.1 | $388.2 |
| Income tax expense | $1.6 | $0.9 | $0.7 | $0.9 |
| Interest expense | $57.2 | $57.7 | $57.4 | $57.3 |
| Net income | ||||
| Net income | $238.7 | $273.9 | $187 | $330 |
| Income (for common shares) | $238.7 | $273.9 | $187 | $330 |
| (in millions $) | 31 Dec 2022 | 31 Jan 2022 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $3200.4 | $2427.8 | $2727.91 | |
| Cost of revenue | $1711.5 | $1115.07 | $1253.36 | |
| Gross Profit | $1488.9 | $1312.73 | $1474.55 | |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $240.7 | $173.48 | $196.65 | |
| Total operating expenses | $527.3 | $419.17 | $410.84 | |
| Operating income | $961.6 | $893.56 | $1063.71 | |
| Income from continuing operations | ||||
| EBIT | $1268.9 | $1054.03 | $1243.41 | |
| Income tax expense | $2.7 | $2.93 | $1.44 | |
| Interest expense | $229.8 | $234.13 | $221.12 | |
| Net income | ||||
| Net income | $1036.4 | $816.97 | $1020.85 | |
| Income (for common shares) | $1036.4 | $816.97 | $1020.85 | |
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 |
|---|---|---|---|---|
| Net income | $238.7 | $273.9 | $187 | $330 |
| Operating activities | ||||
| Depreciation | $57.2 | $56.4 | $118.4 | $57.9 |
| Business acquisitions & disposals | $0.6 | $1.9 | ||
| Stock-based compensation | $7.8 | $6.4 | $9.7 | $5.9 |
| Total cash flows from operations | $404.5 | $351.5 | $352.5 | $391.5 |
| Investing activities | ||||
| Capital expenditures | -$51.3 | -$44 | -$45.7 | -$43.5 |
| Investments | ||||
| Total cash flows from investing | -$50.2 | -$44 | -$45.7 | -$41.5 |
| Financing activities | ||||
| Dividends paid | -$211.7 | -$213 | -$214.7 | -$215.2 |
| Sale and purchase of stock | -$26.2 | -$47.5 | -$102.1 | -$141.8 |
| Net borrowings | -$32 | $3 | $89 | |
| Total cash flows from financing | -$237.9 | -$302.4 | -$313.8 | -$347 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $116.4 | $5.1 | -$7 | $3 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Net income | $1036.4 | $982 | $816.97 | $1020.85 |
| Operating activities | ||||
| Depreciation | $292.8 | $227.9 | $258.68 | $246.13 |
| Business acquisitions & disposals | $1.6 | -$5.6 | -$94.57 | -$128.63 |
| Stock-based compensation | $38.5 | $21.8 | $11.98 | $24.01 |
| Total cash flows from operations | $1141.3 | $1196.2 | $1107.38 | $1321.18 |
| Investing activities | ||||
| Capital expenditures | -$175.3 | -$148.6 | -$439.57 | -$943.99 |
| Investments | ||||
| Total cash flows from investing | $274.4 | $118.1 | -$199.25 | -$1007.25 |
| Financing activities | ||||
| Dividends paid | -$870 | -$906.4 | -$927.12 | -$921.61 |
| Sale and purchase of stock | -$462.9 | -$523.1 | -$276.94 | |
| Net borrowings | -$76 | $108 | $265.54 | $438.13 |
| Total cash flows from financing | -$1417.8 | -$1327.7 | -$970.28 | -$538.59 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$2.1 | -$13.4 | -$62.15 | -$224.66 |
News
|
Magellan Midstream (MMP) Unitholders OK ONEOK Merger Deal
Zacks
22 Sep 2023
|
|
Here's Why Magellan Midstream Partners (MMP) is a Strong Momentum Stock
Zacks via Yahoo Finance
21 Sep 2023
|
|
Bet on These 3 Energy Stocks With Juicy Dividend Yields
Zacks via Yahoo Finance
14 Sep 2023
|
|
Devon (DVN) Gains From Cost Management & Strong US Production
Zacks via Yahoo Finance
12 Sep 2023
|
|
Proxy firms ISS, Glass Lewis recommend Magellan Midsteam holders vote for Oneok
Seeking Alpha
7 Sep 2023
|
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Magellan Midstream CEO wants holders to vote in favor of Oneok deal as meeting aproaches
Seeking Alpha
3 Sep 2023
|
|
12 Cheap Dividend Stocks With High Yields
Insider Monkey via Yahoo Finance
21 May 2023
|
|
Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
Zacks via Yahoo Finance
17 May 2023
|
|
ONEOK (OKE) Signs $18.8B Merger Agreement With Magellan
Zacks via Yahoo Finance
17 May 2023
|
|
ONEOK's Acquisition Of Magellan Bolsters Its Operations And Shareholder Returns
Seeking Alpha
16 May 2023
|
Fundamentals
| Market cap | $13.94B |
|---|---|
| Enterprise value | $18.90B |
| Shares outstanding | 202.10M |
| Revenue | $3.48B |
|---|---|
| EBITDA | $1.55B |
| EBIT | $1.26B |
| Net Income | $1.03B |
| Revenue Q/Q | 11.24% |
| Revenue Y/Y | N/A |
| P/E ratio | 13.54 |
|---|---|
| EV/Sales | 5.42 |
| EV/EBITDA | 12.17 |
| EV/EBIT | 14.96 |
| P/S ratio | 4.00 |
| P/B ratio | 7.71 |
| Book/Share | 8.95 |
| Cash/Share | 0.64 |
| EPS | $5.09 |
|---|---|
| ROA | 13.41% |
| ROE | 60.28% |
| Debt/Equity | 3.57 |
|---|---|
| Net debt/EBITDA | 3.73 |
| Current ratio | 1.08 |
| Quick ratio | 0.60 |