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Magellan Midstream Partners, L.P. (MMP)

(Delayed Data from NYSE)

$49.08 USD

49.08
1,691,817

+0.55 (1.13%)

Updated May 14, 2021 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy25.41%
2Buy19.02%
3Hold10.72%
4Sell6.46%
5Strong Sell3.06%
S&P50011.04%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth B Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 47% (119 out of 251)

Industry: Oil and Gas - Production Pipeline - MLB

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Balance Sheet

Research for MMP

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Magellan Midstream Partners, L.P. falls in the month of December.

All items in Millions except Per Share data.

12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Assets          
Cash & Equivalents 13 58 218 176 15
Receivables 146 149 129 153 131
Notes Receivable 0 0 0 0 0
Inventories 167 184 186 182 134
Other Current Assets 79 68 113 100 90
Total Current Assets 405 459 646 612 370
Net Property & Equipment 6,262 6,404 5,798 5,553 5,276
Investments & Advances 1,214 1,241 1,076 1,083 931
Other Non-Current Assets 23 21 21 28 24
Deferred Charges 0 0 0 0 0
Intangibles 98 101 104 106 105
Deposits & Other Assets 30 40 101 13 66
Total Assets 8,197 8,438 7,748 7,394 6,772
Liabilities & Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Notes Payable 0 0 0 0 0
Accounts Payable 100 151 139 105 77
Current Portion Long-Term Debt 0 0 59 251 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 259 297 262 274 213
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 172 193 216 206 191
Total Current Liabilities 559 667 677 837 482
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 4,979 4,706 4,211 4,274 4,087
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 218 206 216 155 111
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 5,893 5,723 5,104 5,265 4,680
Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Preferred Stock 0 0 0 0 0
Common Stock (Par) 2,487 2,877 2,764 2,267 2,193
Capital Surplus 0 0 0 0 0
Retained Earnings 0 0 0 0 0
Other Equity -183 -162 -120 -138 -101
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,304 2,715 2,643 2,130 2,092
Total Liabilities & Shareholder's Equity 8,197 8,438 7,748 7,394 6,772
Total Common Equity 2,304 2,715 2,643 2,130 2,092
Shares Outstanding 223.70 228.40 228.20 228.00 227.70
Book Value Per Share 10.30 11.89 11.58 9.34 9.19

Fiscal Year End for Magellan Midstream Partners, L.P. falls in the month of December.

All items in Millions except Per Share data.

3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Assets          
Cash & Equivalents 4 13 9 3 139
Receivables 178 146 137 112 115
Notes Receivable 0 0 0 0 0
Inventories 213 167 129 116 71
Other Current Assets 83 79 67 86 102
Total Current Assets 478 405 341 317 427
Net Property & Equipment 6,226 6,262 6,283 6,272 6,247
Investments & Advances 1,203 1,214 1,211 1,208 1,191
Other Non-Current Assets 22 23 22 22 21
Deferred Charges 0 0 0 0 0
Intangibles 97 98 98 99 100
Deposits & Other Assets 27 30 32 28 33
Total Assets 8,248 8,197 8,140 8,105 8,185
Liabilities & Shareholders Equity 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Notes Payable 0 0 0 0 0
Accounts Payable 102 100 125 120 148
Current Portion Long-Term Debt 0 0 0 0 551
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 276 259 234 201 178
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 155 172 145 174 236
Total Current Liabilities 561 559 532 521 1,140
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 4,996 4,979 4,900 4,793 4,155
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 225 198 202 207
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 5,951 5,893 5,752 5,650 5,641
Shareholders Equity 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Preferred Stock 0 0 0 0 0
Common Stock (Par) 2,478 2,487 2,552 2,620 2,714
Capital Surplus 0 0 0 0 0
Retained Earnings 0 0 0 0 0
Other Equity -181 -183 -163 -166 -170
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,297 2,304 2,388 2,455 2,544
Total Liabilities & Shareholder's Equity 8,248 8,197 8,140 8,105 8,185
Total Common Equity 2,297 2,304 2,388 2,455 2,544
Shares Outstanding 223.20 223.70 223.70 225.00 227.70
Book Value Per Share 10.29 10.30 10.68 10.91 11.17