Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company 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, 2017, it had 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals; 1,100-mile ammonia pipeline system; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 28 million barrels; and 5 marine terminals with an aggregate storage capacity of approximately 26 million barrels. The company serves as the general partner of Magellan GP, LLC. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:MMP
CUSIPN/A
Phone918-574-7000
Debt
Debt-to-Equity Ratio2.04
Current Ratio0.54
Quick Ratio0.31
Price-To-Earnings
Trailing P/E Ratio17.10
Forward P/E Ratio15.55
P/E Growth2.6
Sales & Book Value
Annual Sales$2.51 billion
Price / Sales5.93
Cash Flow$4.6662 per share
Price / Cash13.96
Book Value$9.34 per share
Price / Book6.97
Profitability
EPS (Most Recent Fiscal Year)$3.81
Net Income$869.53 million
Net Margins33.54%
Return on Equity42.90%
Return on Assets12.48%
Miscellaneous
Employees1,802
Outstanding Shares228,200,000
Market Cap$14.89 billion
