Magellan Midstream Partners, L.P. (N:MMP)

Business Focus: Oil & Gas Transportation Services

Sector:  Energy Industry:  Oil & Gas Transportation Services
See Regulatory Filings on SEC
Company Contact
Address: One Williams Center, Md 28-1
TULSA OK 74172
Tel: 1-918-5747650
IR: See website
Key People
Michael N. Mears
Chairman of the Board, President, Chief Executive Officer of Magellan GP, LLC
Jeffrey R. Selvidge
Senior Vice President - Commercial - Refined Products of Magellan GP, LLC
Jeffrey L. Holman
Chief Financial Officer, Senior Vice President, Treasurer of the Magellan GP, LLC
Aaron L. Milford
Chief Operating Officer of the Magellan GP, LLC
Douglas J. May
Senior Vice President, General Counsel, Compliance and Ethics Officer and Assistant Secretary of Magellan GP, LLC
Lisa J. Korner
Senior Vice President - Human Resources and Administration of Magellan GP, LLC
Michael J. Aaronson
Senior Vice President - Business Development of Magellan GP, LLC
Robert L. Barnes
Senior Vice President, Commercial - Crude Oil of Magellan GP, LLC
Melanie A. Little
Senior Vice President, Operations of Magellan GP, LLC
Michael C. Pearson
Senior Vice President, Technical Services of Magellan GP, LLC
Business Overview
Magellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company operates through three segments: refined products, crude oil and marine storage. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.
Financial Overview
For the fiscal year ended 31 December 2019, Magellan Midstream Partners, L.P. revenues decreased 3% to $2.73B. Net income decreased 23% to $1.02B. Revenues reflect Refined Products segment decrease of 7% to $1.89B. Net income also reflects Refined Products segment income decrease of 5% to $646.9M. Dividend per share increased from $3.79 to $4.04. Basic Earnings per Share excluding Extraordinary Items decreased from $5.84 to $4.46.
Employees: 1,884 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $12,302M as of Dec 31, 2019
Annual revenue (TTM): $2,728M as of Dec 31, 2019
EBITDA (TTM): $1,295M as of Dec 31, 2019
Net annual income (TTM): $1,021M as of Dec 31, 2019
Free cash flow (TTM): -$544.42M as of Dec 31, 2019
Net Debt Last Fiscal Year: $4,648M as of Dec 31, 2019
Shares outstanding: 227,724,127 as of Feb 24, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization