MMP
Magellan Midstream Partners, L.P. [MMP] Stock Forecast
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In the News
Buy Alert: 3 Undervalued High-Yield Gems For Your Retirement
This article discusses three high-yielding stocks for retirees and income-oriented investors: ONEOK, AbbVie, and Realty Income. ONEOK is a cyclical income play with a 6.5% yield, AbbVie offers a high-quality healthcare yield of 4.2%, and Realty Income provides steady and reliable dividend growth with a 5.2% yield.
Magellan Midstream Is Merging And Others Will Follow
ONEOK Inc and Magellan Midstream Partners merger would create the fourth largest US midstream company with combined enterprise value of $60 billion.
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Energy Transfer's long history of poor returns and execution make these two alternatives the better investment choices.
Oneok Investors Are Balking at the Magellan Deal
The pipelines combination of Oneoke and Magellan requires shareholder approval from both sides. That is far from certain amid questions about the merit of the $18.8 billion transaction.
Why Magellan Midstream Partners Stock Soared 13% This Week
Magellan Midstream Partners will become a fully owned subsidiary of Oneok in the next quarter. Investors in the oil stock can still expect big dividends after the merger.
May's 5 Dividend Growth Stocks With 6.08%+ Yields
May started off on a bit of a sour note, with the broader indexes giving up some of their gains. Declining prices have helped push up dividend yields across the board as share prices fall.
Magellan Midstream to Participate in the 20th Annual EIC Investor Conference
TULSA, Okla. , May 18, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.
ONEOK Buys Magellan (MMP) for $18.8B, Creates Midstream Giant
Magellan (MMP) and ONEOK join forces to create a midstream giant with a net enterprise value of $60.0 billion.
ONEOK Buys Magellan for $18.8 Billion to Add Oil, Refined Products
Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.
Could This Catalyst Spark a Consolidation Wave Among These High-Yielding Dividend Stocks?
ONEOK's acquisition of Magellan Midstream Partners is the latest deal in the midstream sector. While most prior transactions have been strategically focused, this deal has a notable financial benefit.
MMP Financial details
MMP Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 12.38 | 11.93 | 10.77 | 12.45 | 15.28 | |
| Net income per share | 5.84 | 4.46 | 3.62 | 4.47 | 4.95 | |
| Operating cash flow per share | 5.92 | 5.78 | 4.91 | 5.45 | 5.45 | |
| Free cash flow per share | 3.51 | 1.65 | 2.96 | 4.77 | 4.61 | |
| Cash per share | 0.96 | 0.25 | 0.06 | 0.01 | 0.01 | |
| Book value per share | 0 | -0.71 | -0.81 | -0.83 | -0.45 | |
| Tangible book value per share | 11.12 | 11.43 | 9.78 | 8.23 | 7.61 | |
| Share holders equity per share | 0 | -0.71 | -0.81 | -0.83 | -0.45 | |
| Interest debt per share | 19.59 | 22.2 | 23.8 | 24.99 | 25.74 | |
| Market cap | 13.03B | 14.38B | 9.57B | 10.2B | 10.51B | |
| Enterprise value | 17.08B | 19.2B | 14.7B | 15.46B | 15.67B | |
| P/E ratio | 9.77 | 14.08 | 11.71 | 10.39 | 10.14 | |
| Price to sales ratio | 4.61 | 5.27 | 3.94 | 3.73 | 3.29 | |
| POCF ratio | 9.63 | 10.88 | 8.64 | 8.53 | 9.21 | |
| PFCF ratio | 16.27 | 38.12 | 14.33 | 9.73 | 10.88 | |
| P/B Ratio | 0 | -88.71 | -52.24 | -55.67 | -111.97 | |
| PTB ratio | 0 | -88.71 | -52.24 | -55.67 | -111.97 | |
| EV to sales | 6.04 | 7.04 | 6.06 | 5.66 | 4.9 | |
| Enterprise value over EBITDA | 9.48 | 16.06 | 14.27 | 14.23 | 14.39 | |
| EV to operating cash flow | 12.63 | 14.53 | 13.28 | 12.92 | 13.73 | |
| EV to free cash flow | 21.34 | 50.89 | 22.01 | 14.76 | 16.23 | |
| Earnings yield | 0.1 | 0.07 | 0.09 | 0.1 | 0.1 | |
| Free cash flow yield | 0.06 | 0.03 | 0.07 | 0.1 | 0.09 | |
| Debt to equity | 0 | -35.31 | -32.17 | -33.46 | -64.14 | |
| Debt to assets | 0.66 | 0.68 | 0.72 | 0.76 | 0.78 | |
| Net debt to EBITDA | 2.25 | 4.03 | 4.98 | 4.84 | 4.74 | |
| Current ratio | 0.96 | 0.69 | 0.73 | 1.24 | 0.98 | |
| Interest coverage | 5.87 | 4.7 | 3.46 | 3.79 | 3.49 | |
| Income quality | 1.01 | 1.29 | 1.36 | 1.22 | 1.1 | |
| Dividend Yield | 0.07 | 0.06 | 0.1 | 0.09 | 0.08 | |
| Payout ratio | 0.65 | 0.9 | 1.13 | 0.92 | 0.84 | |
| Sales general and administrative to revenue | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Capex to operating cash flow | -0.41 | -0.71 | -0.4 | -0.12 | -0.15 | |
| Capex to revenue | -0.2 | -0.35 | -0.18 | -0.05 | -0.05 | |
| Capex to depreciation | -2.08 | -3.84 | -1.7 | -0.65 | -0.6 | |
| Stock based compensation to revenue | 0.01 | 0.01 | 0 | 0.01 | 0.01 | |
| Graham number | 0 | 8.44 | 8.14 | 9.16 | 7.07 | |
| ROIC | 0.17 | 0.12 | 0.1 | 0.11 | 0.1 | |
| Return on tangible assets | 0.17 | 0.12 | 0.1 | 0.12 | 0.14 | |
| Graham Net | -20.56 | -23.88 | -25.22 | -26.69 | -26.96 | |
| Working capital | -30.21M | -207.47M | -153.38M | 163.6M | -15M | |
| Tangible asset value | 2.54B | 2.61B | 2.21B | 1.81B | 1.59B | |
| Net current asset value | -4.46B | -5.26B | -5.49B | -5.29B | -5.31B | |
| Invested capital | 0 | -30.09 | -28.08 | -28.72 | -54.98 | |
| Average receivables | 141.26M | 139.25M | 147.77M | 158.01M | 217.05M | |
| Average payables | 121.79M | 144.86M | 125.51M | 104.76M | 108.85M | |
| Average inventory | 184.04M | 185.07M | 175.89M | 224.24M | 318.65M | |
| Days sales outstanding | 16.68 | 19.98 | 21.98 | 22.68 | 30.14 | |
| Days payables outstanding | 52.24 | 63.68 | 47.27 | 39.65 | 27.97 | |
| Days of inventory on hand | 69.93 | 77.77 | 79.1 | 101.8 | 92.06 | |
| Receivables turnover | 21.88 | 18.27 | 16.6 | 16.1 | 12.11 | |
| Payables turnover | 6.99 | 5.73 | 7.72 | 9.2 | 13.05 | |
| Inventory turnover | 5.22 | 4.69 | 4.61 | 3.59 | 3.96 | |
| ROE | 0 | -6.3 | -4.46 | -5.36 | -11.04 | |
| Capex per share | -2.42 | -4.13 | -1.95 | -0.68 | -0.84 |
Quarterly Fundamentals Overview
Last date of statement is 2023-03-31 for Q1
| Metric | History | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 3.17 | 3.73 | 4.22 | 4.19 | 4.26 | |
| Net income per share | 0.78 | 0.86 | 1.59 | 0.91 | 1.34 | |
| Operating cash flow per share | 0.47 | 1.4 | 1.89 | 1.71 | 1.72 | |
| Free cash flow per share | 0.26 | 1.21 | 1.68 | 1.49 | 1.51 | |
| Cash per share | 0.02 | 0.02 | 0.04 | 0.01 | 0.04 | |
| Book value per share | -0.72 | 2 | -0.68 | -0.46 | 9.07 | |
| Tangible book value per share | 8.03 | 7.88 | 7.99 | 7.75 | 7.8 | |
| Share holders equity per share | -0.72 | 2 | -0.68 | -0.46 | 9.07 | |
| Interest debt per share | 26.04 | 24.69 | 25.16 | 25.39 | 25.41 | |
| Market cap | 10.45B | 10.11B | 9.86B | 10.32B | 11.07B | |
| Enterprise value | 15.93B | 15.27B | 15.01B | 15.48B | 16.19B | |
| P/E ratio | 15.78 | 13.9 | 7.47 | 13.8 | 10.1 | |
| Price to sales ratio | 15.48 | 12.82 | 11.25 | 11.99 | 12.73 | |
| POCF ratio | 104.05 | 34.04 | 25.18 | 29.29 | 31.49 | |
| PFCF ratio | 188.23 | 39.52 | 28.33 | 33.65 | 36 | |
| P/B Ratio | -68.33 | 23.86 | -69.82 | -109.94 | 5.98 | |
| PTB ratio | -68.33 | 23.86 | -69.82 | -109.94 | 5.98 | |
| EV to sales | 23.61 | 19.36 | 17.14 | 17.98 | 18.61 | |
| Enterprise value over EBITDA | 57.46 | 51.16 | 33.82 | 63.49 | 48.78 | |
| EV to operating cash flow | 158.65 | 51.42 | 38.35 | 43.93 | 46.06 | |
| EV to free cash flow | 287.01 | 59.71 | 43.14 | 50.47 | 52.65 | |
| Earnings yield | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | |
| Free cash flow yield | 0.01 | 0.03 | 0.04 | 0.03 | 0.03 | |
| Debt to equity | -41.26 | 14.24 | -42.94 | -64.14 | 3.18 | |
| Debt to assets | 0.78 | 0.77 | 0.78 | 0.78 | 0.78 | |
| Net debt to EBITDA | 19.78 | 17.3 | 11.61 | 21.16 | 15.42 | |
| Current ratio | 1.5 | 0.97 | 1 | 0.98 | 0.97 | |
| Interest coverage | 3.87 | 4.17 | 6.98 | 2.21 | 5.81 | |
| Income quality | 0.61 | 0.84 | 1.19 | 1.89 | 1.28 | |
| Dividend Yield | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |
| Payout ratio | 1.33 | 1.21 | 0.65 | 1.15 | 0.78 | |
| Sales general and administrative to revenue | 0.09 | 0.07 | 0.07 | 0.07 | 0.07 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Capex to operating cash flow | -0.45 | -0.14 | -0.11 | -0.13 | -0.13 | |
| Capex to revenue | -0.07 | -0.05 | -0.05 | -0.05 | -0.05 | |
| Capex to depreciation | -0.78 | -0.7 | -0.75 | -0.39 | -0.78 | |
| Stock based compensation to revenue | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Graham number | 3.54 | 6.22 | 4.93 | 3.06 | 16.55 | |
| ROIC | 0.03 | 0.03 | 0.05 | 0.02 | 0.04 | |
| Return on tangible assets | 0.02 | 0.02 | 0.04 | 0.02 | 0.04 | |
| Graham Net | -28.3 | -27.07 | -27.53 | -27.45 | -27.29 | |
| Working capital | 315.4M | -19.3M | 800K | -15M | -19.3M | |
| Tangible asset value | 1.71B | 1.67B | 1.66B | 1.59B | 1.59B | |
| Net current asset value | -5.36B | -5.36B | -5.35B | -5.31B | -5.29B | |
| Invested capital | -35.88 | 12.2 | -36.57 | -54.98 | 2.77 | |
| Average receivables | 167.3M | 172.3M | 201.6M | 243.85M | 230.05M | |
| Average payables | 98M | 118.4M | 136.6M | 121.3M | 117.55M | |
| Average inventory | 233.2M | 318.6M | 338.9M | 352.5M | 341.4M | |
| Days sales outstanding | 21.98 | 20.52 | 22.95 | 27.63 | 20.26 | |
| Days payables outstanding | 29.29 | 36.62 | 37.05 | 21.96 | 30.38 | |
| Days of inventory on hand | 92.12 | 86.81 | 96.15 | 72.28 | 78.2 | |
| Receivables turnover | 4.09 | 4.39 | 3.92 | 3.26 | 4.44 | |
| Payables turnover | 3.07 | 2.46 | 2.43 | 4.1 | 2.96 | |
| Inventory turnover | 0.98 | 1.04 | 0.94 | 1.25 | 1.15 | |
| ROE | -1.08 | 0.43 | -2.34 | -1.99 | 0.15 | |
| Capex per share | -0.21 | -0.19 | -0.21 | -0.22 | -0.22 |
MMP Frequently Asked Questions
What is Magellan Midstream Partners, L.P. stock symbol ?
Magellan Midstream Partners, L.P. is a US stock , located in Tulsa of Ok and trading under the symbol MMP
Is Magellan Midstream Partners, L.P. buy or a sell ?
14 stock analysts have 14 predictions with a medium analyst target price of $54.86. The lowest prediction is $49 and the highest is $66
What is MMP stock prediction ?
With a median analyst target price of $66, 1 stock analysts have made 1 forecasts in last 90 days. $66 is the lowest and $66 is the greatest projection.
What is Magellan Midstream Partners, L.P. stock quote today ?
Magellan Midstream Partners, L.P. stock price is $61.22 today.
Is Magellan Midstream Partners, L.P. stock public?
Yes, Magellan Midstream Partners, L.P. is a publicly traded company.
Company Profile
- Volume Average 1.3M
- Market Capitalization 12.36B
- Employee 1.66K
- CEO Mr. Aaron L. Milford
- Headquarters Tulsa,OK,US
- IPO Date 2001-02-06
-
Website
https://www.magellanlp.com 
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.
