Magellan Midstream Partners

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.

Company Growth (employees)
Type
Public
HQ
Tulsa, US
Founded
2000
Size (employees)
1,747 (est)
Magellan Midstream Partners was founded in 2000 and is headquartered in Tulsa, US

Magellan Midstream Partners Office Locations

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

Magellan Midstream Partners Data and Metrics

Magellan Midstream Partners Financial Metrics

Magellan Midstream Partners's revenue was reported to be $642.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

642.1 m

Gross profit (Q1, 2017)

469.2 m

Gross profit margin (Q1, 2017), %

73%

Net income (Q1, 2017)

222.7 m

EBIT (Q1, 2017)

271.5 m

Market capitalization (18-Aug-2017)

14.8 b

Cash (31-Mar-2017)

7.1 m
Magellan Midstream Partners's current market capitalization is $14.8 b.
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

Gross profit Margin, %

80%78%

General and administrative expense

147.8 m

Operating expense total

1.3 b1.3 b

Depreciation and amortization

121.2 m128 m142.2 m161.7 m166.8 m

EBIT

698.8 m954.8 m897.1 m935.1 m

EBIT margin, %

37%41%41%42%

Interest expense

158.9 m194.2 m

Interest income

1.3 m1.4 m

Pre tax profit

821.5 m806 m

Income tax expense

2.3 m3.2 m

Net Income

586.9 m844.1 m821.5 m806 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

487.5 m577.2 m519.8 m518.9 m551.8 m642.1 m

Cost of goods sold

94.5 m85.5 m113.6 m95.7 m118.2 m172.9 m

Gross profit

393 m491.7 m406.2 m423.2 m433.5 m469.2 m

Gross profit Margin, %

81%85%78%82%79%73%

General and administrative expense

37.9 m37.6 m40.9 m34.5 m35.8 m40.3 m

Operating expense total

37.9 m37.6 m40.9 m34.5 m35.8 m40.3 m

EBIT

207.8 m289.7 m216 m226.5 m233.9 m271.5 m

EBIT margin, %

43%50%42%44%42%42%

Interest expense

39.8 m39.8 m43.7 m48.7 m50.2 m51.2 m

Interest income

(334 k)(310 k)(361 k)(404 k)(302 k)(292 k)

Pre tax profit

177.2 m251.8 m207.9 m188.5 m195.3 m223.6 m

Income tax expense

(205 k)867 k871 k685 k738 k844 k

Net Income

388.8 m587.4 m183.6 m361 m612 m207.1 m394.9 m589.5 m222.7 m
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

Goodwill

53.3 m53.3 m53.3 m53.3 m

Total Assets

4.8 b5.5 b6 b6.8 b

Accounts Payable

76.3 m97.1 m104.1 m77.2 m

Total Debt

2.7 b3.4 b4.1 b

Current Liabilities

638.3 m536.2 m713.1 m481.7 m

Debt to Assets Ratio

0.6 x0.6 x0.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

731 k14.9 m52.8 m29 m9 m210 m34.3 m291.1 m7.1 m

Inventories

188.9 m202.5 m160.9 m159.9 m135.2 m132.1 m156.4 m123 m146.4 m

Current Assets

358.5 m402 m395.7 m332.7 m358.2 m515.5 m385.6 m648.3 m302.4 m

Goodwill

53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m53.3 m

Total Assets

5.1 b5.3 b5.6 b5.7 b6 b6.4 b6.4 b6.9 b6.8 b

Accounts Payable

72.1 m84.6 m91 m95.8 m123.8 m102.9 m118.5 m101 m91.7 m

Current Liabilities

346.6 m393.7 m418.9 m383.2 m468.6 m679.1 m713.7 m683.8 m397.6 m
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

Cash From Operating Activities

(303 m)(8.2 m)11.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

388.8 m587.4 m183.6 m361 m612 m207.1 m394.9 m589.5 m222.7 m

Depreciation and Amortization

122.5 m41.7 m82.1 m124.2 m43.8 m87.1 m134.1 m47.3 m

Inventories

(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)

Accounts Payable

486 k6.5 m(4.4 m)8.4 m12.2 m1.1 m9.1 m5.9 m7.3 m

Cash From Operating Activities

477.4 m713.3 m191.1 m414.8 m724.1 m209.6 m407.1 m639 m265.3 m

Purchases of PP&E

(149.1 m)(237.2 m)(128.5 m)(268.8 m)(439.7 m)(139.6 m)(321.1 m)(514.2 m)(142.6 m)

Cash From Investing Activities

(437.3 m)(608.8 m)(134.6 m)(363.8 m)(606.8 m)(199 m)(413.4 m)(682.1 m)(181.1 m)

Cash From Financing Activities

(64.5 m)(114.9 m)(20.8 m)(39 m)(125.4 m)170.7 m11.8 m305.5 m(91.9 m)
USDY, 2017

Revenue/Employee

367.5 k

Magellan Midstream Partners Market Value History

Traffic Overview of Magellan Midstream Partners

Magellan Midstream Partners News and Updates

UPDATE 1-Magellan reports decline in Q2 BridgeTex crude pipeline volumes

HOUSTON, Aug 2 (Reuters) - Shipments on Magellan Midstream Partners' 300,000 barrel per day (bpd) BridgeTex crude pipeline from West Texas, to Houston, Texas fell to around 210,000 bpd in the second quarter, as shippers opted to move their minimum requirements, executives said on Tuesday.

BRIEF-Magellan to commission Corpus Christi condensate splitter in Sept.

HOUSTON, Aug 2 (Reuters) - Magellan Midstream Partners will begin the commissioning process for its new 50,000 barrel per day Corpus Christi condensate splitter in September, the company said on Tuesday in a quarterly earnings release.

Magellan Midstream Partners Company Life and Culture

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