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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.07
MMP's Cash to Debt is ranked higher than
80% of the 129 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.05 vs. MMP: 0.07 )
MMP' s 10-Year Cash to Debt Range
Min: 0   Max: 0.33
Current: 0.07

0
0.33
Equity to Asset -0.01
MMP's Equity to Asset is ranked higher than
54% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.38 vs. MMP: -0.01 )
MMP' s 10-Year Equity to Asset Range
Min: -0.01   Max: 0.68
Current: -0.01

-0.01
0.68
Interest Coverage 5.95
MMP's Interest Coverage is ranked higher than
83% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.65 vs. MMP: 5.95 )
MMP' s 10-Year Interest Coverage Range
Min: 2.03   Max: 9999.99
Current: 5.95

2.03
9999.99
F-Score: 7
Z-Score: 4.15
M-Score: -2.33
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 37.16
MMP's Operating margin (%) is ranked higher than
94% of the 128 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.46 vs. MMP: 37.16 )
MMP' s 10-Year Operating margin (%) Range
Min: 18.5   Max: 37.16
Current: 37.16

18.5
37.16
Net-margin (%) 30.68
MMP's Net-margin (%) is ranked higher than
93% of the 128 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.44 vs. MMP: 30.68 )
MMP' s 10-Year Net-margin (%) Range
Min: 7.06   Max: 30.68
Current: 30.68

7.06
30.68
ROA (%) 12.08
MMP's ROA (%) is ranked higher than
98% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.10 vs. MMP: 12.08 )
MMP' s 10-Year ROA (%) Range
Min: 3.29   Max: 12.08
Current: 12.08

3.29
12.08
ROC (Joel Greenblatt) (%) 18.00
MMP's ROC (Joel Greenblatt) (%) is ranked higher than
95% of the 130 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.78 vs. MMP: 18.00 )
MMP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 10.39   Max: 18
Current: 18

10.39
18
Revenue Growth (%) 5.50
MMP's Revenue Growth (%) is ranked higher than
75% of the 111 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.50 vs. MMP: 5.50 )
MMP' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 27.3
Current: 5.5

0
27.3
EBITDA Growth (%) 16.50
MMP's EBITDA Growth (%) is ranked higher than
90% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.40 vs. MMP: 16.50 )
MMP' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 20.8
Current: 16.5

0
20.8
EPS Growth (%) 21.70
MMP's EPS Growth (%) is ranked higher than
85% of the 102 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.40 vs. MMP: 21.70 )
MMP' s 10-Year EPS Growth (%) Range
Min: 0   Max: 29.2
Current: 21.7

0
29.2
» MMP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

MMP Guru Trades in Q2 2013

Jim Simons 495,616 sh (+144.85%)
Ken Fisher Sold Out
Chuck Royce Sold Out
John Keeley 5,000 sh (-74.79%)
» More
Q3 2013

MMP Guru Trades in Q3 2013

Jim Simons 752,716 sh (+51.87%)
John Keeley 5,000 sh (unchged)
» More
Q4 2013

MMP Guru Trades in Q4 2013

Ken Fisher 3,807 sh (New)
John Keeley 5,000 sh (unchged)
Jim Simons 473,916 sh (-37.04%)
» More
Q1 2014

MMP Guru Trades in Q1 2014

Chuck Royce 25,000 sh (New)
John Keeley Sold Out
Ken Fisher 3,171 sh (-16.71%)
Jim Simons 183,916 sh (-61.19%)
» More
» Details

Insider Trades

Latest Guru Trades with MMP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2014-03-31 Sold Out 0.01%$60.52 - $70.78 $ 86.130%0
John Keeley 2013-06-30 Reduce -74.79%0.02%$50.61 - $55.11 $ 86.164%5000
John Keeley 2012-12-31 Add 107.33%0.01%$39.87 - $45.34 $ 86.199%17830
John Keeley 2011-12-31 New Buy0.01%$59.93 - $68.97 $ 86.134%8600
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 27.60
MMP's P/E(ttm) is ranked higher than
84% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 39.10 vs. MMP: 27.60 )
MMP' s 10-Year P/E(ttm) Range
Min: 6.3   Max: 27.6
Current: 27.6

6.3
27.6
P/S 9.28
MMP's P/S is ranked higher than
57% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.93 vs. MMP: 9.28 )
MMP' s 10-Year P/S Range
Min: 1.15   Max: 9.3
Current: 9.28

1.15
9.3
PFCF 38.40
MMP's PFCF is ranked higher than
89% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. MMP: 38.40 )
MMP' s 10-Year PFCF Range
Min: 1.5   Max: 56.86
Current: 38.4

1.5
56.86
EV-to-EBIT 26.07
MMP's EV-to-EBIT is ranked higher than
77% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 29.72 vs. MMP: 26.07 )
MMP' s 10-Year EV-to-EBIT Range
Min: 7.1   Max: 26.3
Current: 26.07

7.1
26.3
PEG 91.80
MMP's PEG is ranked higher than
66% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 18.90 vs. MMP: 91.80 )
MMP' s 10-Year PEG Range
Min: 0.23   Max: 91.8
Current: 91.8

0.23
91.8
Shiller P/E 44.10
MMP's Shiller P/E is ranked higher than
75% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 45.66 vs. MMP: 44.10 )
MMP' s 10-Year Shiller P/E Range
Min: 8.72   Max: 45.72
Current: 44.1

8.72
45.72
Current Ratio 0.94
MMP's Current Ratio is ranked higher than
74% of the 136 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.94 vs. MMP: 0.94 )
MMP' s 10-Year Current Ratio Range
Min: 0.19   Max: 3.22
Current: 0.94

0.19
3.22
Quick Ratio 0.59
MMP's Quick Ratio is ranked higher than
62% of the 136 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.91 vs. MMP: 0.59 )
MMP' s 10-Year Quick Ratio Range
Min: 0.16   Max: 3.22
Current: 0.59

0.16
3.22

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.69
MMP's Dividend Yield is ranked lower than
73% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.03 vs. MMP: 2.69 )
MMP' s 10-Year Dividend Yield Range
Min: 2.57   Max: 12.02
Current: 2.69

2.57
12.02
Dividend Payout 0.70
MMP's Dividend Payout is ranked higher than
94% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.74 vs. MMP: 0.70 )
MMP' s 10-Year Dividend Payout Range
Min: 0.46   Max: 2.14
Current: 0.7

0.46
2.14
Dividend growth (3y) 13.00
MMP's Dividend growth (3y) is ranked higher than
87% of the 93 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.80 vs. MMP: 13.00 )
MMP' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 33.9
Current: 13

0
33.9
Yield on cost (5-Year) 4.26
MMP's Yield on cost (5-Year) is ranked lower than
67% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.72 vs. MMP: 4.26 )
MMP' s 10-Year Yield on cost (5-Year) Range
Min: 4.21   Max: 19.71
Current: 4.26

4.21
19.71
Share Buyback Rate -1.20
MMP's Share Buyback Rate is ranked higher than
92% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -11.80 vs. MMP: -1.20 )
MMP' s 10-Year Share Buyback Rate Range
Min: 0   Max: -37.3
Current: -1.2

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 7.80
MMP's Price/DCF (Projected) is ranked higher than
79% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 29.65 vs. MMP: 7.80 )
MMP' s 10-Year Price/DCF (Projected) Range
Min: 0.29   Max: 6.54
Current: 7.8

0.29
6.54
Price/Median PS Value 3.50
MMP's Price/Median PS Value is ranked higher than
59% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.41 vs. MMP: 3.50 )
MMP' s 10-Year Price/Median PS Value Range
Min: 0.38   Max: 2.89
Current: 3.5

0.38
2.89
Earnings Yield (Greenblatt) 3.70
MMP's Earnings Yield (Greenblatt) is ranked higher than
71% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.90 vs. MMP: 3.70 )
MMP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.7   Max: 14.1
Current: 3.7

3.7
14.1
Forward Rate of Return (Yacktman) 4.79
MMP's Forward Rate of Return (Yacktman) is ranked higher than
73% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.01 vs. MMP: 4.79 )
MMP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -8.9   Max: 33.5
Current: 4.79

-8.9
33.5

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare:WES, ENB, ETE, KMP, SE » details
Traded in other countries:WEP.Germany
Magellan Midstream Partners, L.P. is a publicly traded Delaware limited partnership formed in the year 2000. Magellan GP, LLC, a wholly-owned Delaware limited liability company, serves as its general partner. The Company is mainly engaged in the transportation, storage and distribution of refined petroleum products. It owns a petroleum products pipeline system, petroleum products terminals and an ammonia pipeline system. The Company's segments offer different products and services and are managed separately because each requires different marketing strategies and business knowledge. The Company's petroleum products pipeline system includes approximately 9,600 miles of pipeline and 49 terminals that provide transportation, storage and distribution services. The Company's petroleum products pipeline system covers a 13-state area extending from Texas through the Midwest to Colorado, North Dakota, Minnesota, Wisconsin and Illinois. The products transported on its pipeline system are mainly gasoline, distillates, LPGs and aviation fuels. Product originates on the system from direct connections to refineries and interconnects with other interstate pipelines for transportation and ultimate distribution to retail gasoline stations, truck stops, railroads, airports and other end-users. It has an ownership interest in Osage Pipe Line Company, LLC (Osage Pipeline), which owns the 135-mile Osage pipeline that transports crude oil from Cushing, Oklahoma to El Dorado, Kansas and has connections to National Cooperative Refining Association's refinery in McPherson, Kansas and the Frontier refinery in El Dorado, Kansas. Most of its petroleum products terminals are strategically located along or near third-party pipelines or petroleum refineries. The petroleum products terminals provide a variety of services such as distribution, storage, blending, inventory management and additive injection to a diverse customer group including governmental customers and end-users in the downstream refining, retail, commercial trading, industrial and petrochemical industries. The ammonia pipeline system consists of a 1,100-mile ammonia pipeline and six company-owned terminals. Shipments on the pipeline mainly originate from ammonia production plants located in Borger, Texas and Enid and Verdigris, Oklahoma for transport to terminals throughout the Midwest. It faces competition from other pipelines and terminals in the same markets as its assets.
» More Articles for MMP

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