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GuruFocus has detected 5 Warning Signs with Magellan Midstream Partners LP $MMP.
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Magellan Midstream Partners LP (NYSE:MMP)
Non-Recurring Items
$32 Mil (TTM As of Sep. 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 Sep. 2016 was $3 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Sep. 2016 was $32 Mil.

As of today, Magellan Midstream Partners LP's share price is $80.17. Magellan Midstream Partners LP's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Sep. 2016 was $3.48. Therefore, Magellan Midstream Partners LP's P/E (NRI) ratio for today is 23.04.


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 Sep. 2016 was -3.539 (Dec. 2015 ) + 29.17 (Mar. 2016 ) + 3.169 (Jun. 2016 ) + 3.324 (Sep. 2016 ) = $32 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 $80.17.
Magellan Midstream Partners LP's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Sep. 2016 was 0.9 (Dec. 2015 ) + 0.91 (Mar. 2016 ) + 0.82 (Jun. 2016 ) + 0.85 (Sep. 2016 ) = $3.48.

* 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 13176-10-20-9136

Magellan Midstream Partners LP Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Non Operating Income -1-7-07-2-429331
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