Magellan Midstream Partners, L.P. (MMP) [Rocket]

Overview

Magellan Midstream Partners, L.P. (MMP)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/11/2023	15-12G	Form 15-12G - Securities registration termination [Section 12(g)]:
10/11/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/11/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/11/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/11/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/11/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/11/2023	POSASR	Form POSASR - Post-effective Amendment to an automatic shelf registration statement:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	3,200.4	2,472.6	2,147.2	2,545.1	2,632.9	2,507.7	2,205.4	2,188.5
Revenue growth	29.4%	15.2%	-15.6%	-3.3%	5.0%	13.7%	0.8%	-7.3%
Cost of goods sold	592.1	1,349.7	1,056.0	1,177.3	1,353.7	1,213.6	1,022.0	970.9
Gross profit	2,608.3	1,122.9	1,091.2	1,367.8	1,279.1	1,294.1	1,183.4	1,217.5
Gross margin	81.5%	45.4%	50.8%	53.7%	48.6%	51.6%	53.7%	55.6%
Selling, general and administrative
General and administrative	240.7	206.3	171.2	194.2	194.3	165.7	147.2	149.9
EBITA	1,107.2	1,188.5	1,148.2	1,314.0	1,023.5	1,155.6	910.0	970.0
EBITA margin	34.6%	48.1%	53.5%	51.6%	38.9%	46.1%	41.3%	44.3%
Amortization of intangibles		2.7	2.7	3.3	1.6	0.4	1.4	2.7
EBIT	1,107.2	1,185.8	1,145.5	1,310.7	1,021.9	1,155.2	908.6	967.3
EBIT margin	34.6%	48.0%	53.3%	51.5%	38.8%	46.1%	41.2%	44.2%
Pre-tax income	861.9	934.6	791.0	989.4	1,334.0	873.4	806.0	821.5
Income taxes	2.7	2.3	2.9	1.4	0.1	3.8	3.2	2.3
Tax rate	0.3%	0.2%	0.4%	0.1%	0.0%	0.4%	0.4%	0.3%
Earnings from continuing ops	859.2	932.3	788.1	988.0	1,333.9	869.5	802.8	819.1
Earnings from discontinued ops	1,036.4	49.7	28.9	32.8
Net income	1,895.6	982.0	817.0	1,020.8	1,333.9	869.5	802.8	819.1
Net margin	59.2%	39.7%	38.0%	40.1%	50.7%	34.7%	36.4%	37.4%

Diluted EPS	$2.24	$4.24	$3.49	$4.32	$5.84	$3.81	$3.52	$3.59
Shares outstanding (diluted)	382.9	219.8	225.5	228.8	228.6	228.3	228.1	227.9

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.