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GuruFocus has detected 6 Warning Signs with Magellan Midstream Partners LP $MMP.
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Magellan Midstream Partners LP (NYSE:MMP)
Non-Recurring Items
$36 Mil (TTM As of Dec. 2016)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Magellan Midstream Partners LP's non-recurring items for the three months ended in Dec. 2016 was $1 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $36 Mil.

As of today, Magellan Midstream Partners LP's share price is $74.69. Magellan Midstream Partners LP's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $3.51. Therefore, Magellan Midstream Partners LP's P/E (NRI) ratio for today is 21.28.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Magellan Midstream Partners LP Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2016 was 29.17 (Mar. 2016 ) + 3.169 (Jun. 2016 ) + 3.324 (Sep. 2016 ) + 0.684 (Dec. 2016 ) = $36 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Magellan Midstream Partners LP's P/E (NRI) Ratio for today is calculated as

Magellan Midstream Partners LP's Share Price of today is $74.69.
Magellan Midstream Partners LP's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2016 was 0.91 (Mar. 2016 ) + 0.82 (Jun. 2016 ) + 0.85 (Sep. 2016 ) + 0.93 (Dec. 2016 ) = $3.51.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Magellan Midstream Partners LP Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Non Operating Income -5-0397-200-11136

Magellan Midstream Partners LP Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Non Operating Income -1-9-16-2-229331
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