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: 1 One Williams Ctr Md 28-1
TULSA OK 74172-0140
Tel: 1-918-5747650
IR: See website
Key People
Michael N. Mears
Chairman of the Board, President, Chief Executive Officer of Magellan GP, LLC
Jeff Holman
Chief Financial Officer, Senior Vice President of the Magellan GP, LLC
Aaron L. Milford
Chief Operating Officer, Senior Vice President of the Magellan GP, LLC
Douglas J. May
SVP, General Counsel, Compliance and Ethics Officer and Assistant Secretary of Magellan GP, LLC
Lisa J. Korner
Senior Vice President - Human Resources & 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
Larry J. Davied
Senior Vice President - Operations and Technical Services of Magellan GP, LLC
Jeffrey R. Selvidge
Senior Vice President - Refined Products 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 three months ended 31 March 2019, Magellan Midstream Partners, L.P. revenues decreased 7% to $628.9M. Net income decreased 2% to $207.7M. Revenues reflect Refined Products segment decrease of 14% to $422.6M. Net income also reflects Refined Products segment income decrease of 29% to $108.7M. Dividend per share increased from $0.92 to $1.00. Basic Earnings per Share excluding Extraordinary Items decreased from $0.92 to $0.91.
Employees: 1,868 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $18,633M as of Mar 31, 2019
Annual revenue (TTM): $2,777M as of Mar 31, 2019
EBITDA (TTM): $1,238M as of Mar 31, 2019
Net annual income (TTM): $1,331M as of Mar 31, 2019
Free cash flow (TTM): -$260.94M as of Mar 31, 2019
Net Debt Last Fiscal Year: $4,266M as of Mar 31, 2019
Shares outstanding: 228,403,428 as of Apr 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization