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, Crude Oil, and Marine Storage segments. The company operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; leases pipeline and storage tank capacity to shippers; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services. It 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, 2015, the company had 9,500-mile refined products pipeline system with 52 terminals, as well as 28 independent terminals; 1,100-mile ammonia pipeline system; approximately 1,700 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 22 million barrels; and 5 marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

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TypePublic
HQTulsa, US
Founded2000
Size (employees)1,802 (est)+4%
Websitemagellanlp.com
Magellan Midstream Partners was founded in 2000 and is headquartered in Tulsa, US
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Magellan Midstream Partners Office Locations

Magellan Midstream Partners has an office in Tulsa
Tulsa, US (HQ)
1 One Williams Center
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Magellan Midstream Partners Financials and Metrics

Magellan Midstream Partners Revenue

Magellan Midstream Partners's revenue was reported to be $2.21 b in FY, 2016 which is a 0.8% increase from the previous period.
USD

Revenue (Q2, 2018)

1.3 b

Gross profit (Q2, 2018)

969.6 m

Gross profit margin (Q2, 2018), %

73.3%

Net income (Q2, 2018)

425.3 m

EBIT (Q2, 2018)

538.2 m

Market capitalization (21-Sep-2018)

15.7 b

Closing stock price (21-Sep-2018)

68.9

Cash (30-Jun-2018)

2.5 m

EV

20.4 b
Magellan Midstream Partners's current market capitalization is $15.7 b.
Annual
usdFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.6 b1.7 b1.8 b1.9 b2.3 b2.2 b2.2 b

Revenue growth, %

12%1%7%21%(5%)1%

Cost of goods sold

447.3 m493.3 m

Gross profit

1.7 b1.7 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

487.5 m577.2 m519.8 m518.9 m551.8 m642.1 m619.4 m678.8 m1.3 b

Cost of goods sold

94.5 m85.5 m113.6 m95.7 m118.2 m172.9 m146 m199.6 m353.3 m

Gross profit

393 m491.7 m406.2 m423.2 m433.5 m469.2 m473.5 m479.2 m969.6 m

Gross profit Margin, %

81%85%78%82%79%73%76%71%73%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

4.2 m7.5 m209.6 m328.3 m25.2 m17.1 m28.7 m14.7 m

Accounts Receivable

116.3 m84.5 m83.9 m105.7 m

Inventories

187.2 m157.8 m130.9 m134.4 m

Current Assets

396.7 m402.7 m338.9 m370.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

14.2 m196.6 m731 k14.9 m52.8 m29 m9 m210 m34.3 m291.1 m7.1 m5.5 m74.2 m2.5 m

Inventories

208.5 m210.2 m188.9 m202.5 m160.9 m159.9 m135.2 m132.1 m156.4 m123 m146.4 m119.5 m196 m183.6 m

Current Assets

387.3 m567 m358.5 m402 m395.7 m332.7 m358.2 m515.5 m385.6 m648.3 m302.4 m325.7 m493.2 m425.5 m

Goodwill

53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

582.2 m252.1 m819.1 m802.8 m

Depreciation and Amortization

166.8 m178.1 m

Inventories

37 k

Accounts Payable

20.2 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

392.2 m242.6 m388.8 m587.4 m183.6 m361 m612 m207.1 m394.9 m589.5 m222.7 m433.1 m210.9 m425.3 m

Depreciation and Amortization

105.8 m37.5 m122.5 m41.7 m82.1 m124.2 m43.8 m87.1 m134.1 m47.3 m96.2 m51.9 m105.5 m

Inventories

13.4 m(23 m)(1.7 m)(15.3 m)(3.2 m)(2.2 m)22.6 m(1.2 m)(25.6 m)7.9 m(12.1 m)14.9 m(13.6 m)(1.2 m)

Accounts Payable

956 k3 m486 k6.5 m(4.4 m)8.4 m12.2 m1.1 m9.1 m5.9 m7.3 m13.1 m19.5 m18.8 m
USDY, 2018

EV/EBIT

37.8 x

EV/CFO

36.1 x
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Magellan Midstream Partners News and Updates

Magellan Midstream Partners Q2 earnings beats expectations

Magellan Midstream Partners LP reported second-quarter profit on Thursday of $214.4 million, up 2 percent from the same period a year ago amid higher demand for crude oil and refined products pipelines.
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Magellan Midstream Partners Company Life and Culture

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