Magellan Midstream Partners (NYSE:MMP) reported earnings of $1.05 per share beating Walls Streets expectations.

ME Staff
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Magellan Midstream Partners (NYSE:MMP) reported Q2 2018 earnings this Morning, coming in at $1.05 per share, beating Wall Street’s estimates of $1.01 per Share. Revenue for the quarter came in at $644.10 million missing the streets estimates of $662.37 million

Recent Insider Trading for Magellan Midstream Partners (NYSE:MMP)

  • On 2/14/2018 Michael N Mears, CEO, sold 22,251 with an average share price of $68.03 per share and the total transaction amounting to $1,513,735.53.
  • On 2/12/2018 Michael N Mears, CEO, sold 10,000 with an average share price of $68.00 per share and the total transaction amounting to $680,000.00.
  • On 9/14/2017 Jeff R Selvidge, Insider, sold 5,000 with an average share price of $70.64 per share and the total transaction amounting to $353,200.00.
  • On 5/24/2017 Douglas J May, Insider, sold 8,000 with an average share price of $75.00 per share and the total transaction amounting to $600,000.00.
  • On 2/8/2017 Lisa J. Korner, Insider, sold 10,000 with an average share price of $78.67 per share and the total transaction amounting to $786,700.00.
  • On 2/3/2017 Michael N Mears, CEO, sold 50,000 with an average share price of $78.74 per share and the total transaction amounting to $3,937,000.00.



Dividend History for Magellan Midstream Partners (NYSE:MMP)

  • On 7/26/2018 Magellan Midstream Partners announced a Quarterly dividend of $0.9570 with an ex dividend date of 8/6/2018 which will be payable on 8/7/2018.
  • On 7/27/2018 Magellan Midstream Partners announced a quarterly dividend of $0.9575 5.41% with an ex dividend date of 8/6/2018 which will be payable on 8/6/2018.
  • On 4/27/2018 Magellan Midstream Partners announced a quarterly dividend of $0.9375 5.73% with an ex dividend date of 5/7/2018 which will be payable on 8/5/2018.
  • On 1/23/2018 Magellan Midstream Partners announced a dividend of $0.92 with an ex dividend date of 2/5/2018 which will be payable on 2/6/2018.
  • On 10/20/2017 Magellan Midstream Partners announced a quarterly dividend of $0.9050 5.31% with an ex dividend date of 11/1/2017 which will be payable on 11/2/2017.
  • On 7/20/2017 Magellan Midstream Partners announced a quarterly dividend of $0.89 5.07% with an ex dividend date of 7/27/2017 which will be payable on 7/31/2017.
  • On 4/20/2017 Magellan Midstream Partners announced a quarterly dividend of $0.8725 4.6% with an ex dividend date of 4/27/2017 which will be payable on 5/1/2017.



About Company
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 through Refined Products, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2017, it had 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals; 1,100-mile ammonia pipeline system; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 28 million barrels; and 5 marine terminals with an aggregate storage capacity of approximately 26 million barrels. The company serves as the general partner of Magellan GP, LLC. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.

Recent Analyst Rating for Magellan Midstream Partners (NYSE:MMP)

  • On 7/26/2018 Quarterly, $0.9570, with a price target of 8/6/2018
  • On 8/7/2018 8/14/2018 7/27/2018, quarterly, to $0.9575 with a price target of 5.41%
  • On 8/6/2018 8/6/2018, 8/6/2018 4/27/2018, to quarterly with a price target of $0.9375
  • On 5/7/2018 8/5/2018, 5/15/2018 1/23/2018, with a price target of $0.92
  • On 2/5/2018 2/6/2018, 2/14/2018 10/20/2017, to quarterly with a price target of $0.9050
  • On 11/1/2017 11/2/2017, 11/14/2017 7/20/2017, to quarterly with a price target of $0.89



Recent Trading for Magellan Midstream Partners (NYSE:MMP)
Shares of Magellan Midstream Partners closed the previous trading session at with 71.16 shares trading hands.