Magellan Midstream Partners LP (Magellan Midstream Partners LP) Interest Expense : $-227 Mil (TTM As of Jun. 2023)

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What is Magellan Midstream Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magellan Midstream Partners LP's interest expense for the three months ended in Jun. 2023 was $ -56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-227 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Magellan Midstream Partners LP's Operating Income for the three months ended in Jun. 2023 was $ 279 Mil. Magellan Midstream Partners LP's Interest Expense for the three months ended in Jun. 2023 was $ -56 Mil. Magellan Midstream Partners LP's Interest Coverage for the quarter that ended in Jun. 2023 was 4.96. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Magellan Midstream Partners LP Interest Expense Historical Data

The historical data trend for Magellan Midstream Partners LP's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Magellan Midstream Partners LP Interest Expense Chart

Magellan Midstream Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-203.52

-201.80

-222.80

-226.40

-228.00

Magellan Midstream Partners LP Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-57.50	-56.80	-56.80	-57.10	-56.30

Magellan Midstream Partners LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-227 Mil.

Magellan Midstream Partners LP (NYSE:MMP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Magellan Midstream Partners LP's Interest Expense for the three months ended in Jun. 2023 was $-56 Mil. Its Operating Income for the three months ended in Jun. 2023 was $279 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $5,061 Mil.

Magellan Midstream Partners LP's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	279.1	/	-56.3
	=	4.96

The higher the ratio, the stronger the company's financial strength is.

Magellan Midstream Partners LP (Magellan Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Magellan Midstream Partners LP (NYSE:MMP) » Definitions » Interest Expense

Comparable Companies

PAA WES TRGP AM ENLC DTM ETRN FRO PAGP CEQP TSX:ENB EPD ET WMB LNG KMI TSX:TRP MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

One Williams Center, P.O. Box 22186, Tulsa, OK, USA, 74121-2186

Website

https://www.magellanlp.com

Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.

Executives

James R Hoskin	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
James R Montague	director	FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087
Kyle T Krshka	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Sivasankaran Somasundaram	director	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Melanie A Little	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Mark B Roles	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Lisa J Korner	officer: Vice President	ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Chansoo Joung	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Jeff R Selvidge	officer: Senior Vice President	ONE WILLIAMS CENTER SUITE 2800, TULSA OK 74172
Douglas J May	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 4100, TULSA OK 74172
Robert G Croyle	director	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Michael C Pearson	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Jeffrey L Holman	officer: Senior Vice President & CFO	ONE WILLIAMS CENTER, TULSA OK 74172
Michael N Mears	officer: Vice President	ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Lori Gobillot	director	5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042