Magellan Midstream Partners LP (MMP) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Feb 18, 2020
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Magellan Midstream Partners LP (MMP, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. Magellan Midstream Partners LP is engaged in the transportation, storage and distribution of refined petroleum products. The company operates through three segments: refined products, crude oil and marine storage. Magellan Midstream Partners LP has a market cap of $13.84 billion; its shares were traded at around $60.58 with a P/E ratio of 13.59 and P/S ratio of 4.86. The dividend yield of Magellan Midstream Partners LP stocks is 6.73%. Magellan Midstream Partners LP had annual average EBITDA growth of 8.30% over the past ten years. GuruFocus has detected 1 severe warning sign with Magellan Midstream Partners LP. .

For the last quarter Magellan Midstream Partners LP reported a revenue of $740.7 million, compared with the revenue of $865.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2.7 billion, a decrease of 3.5% from the previous year. For the complete 30-year financial data, please go here.. For the last five years Magellan Midstream Partners LP had an average revenue growth rate of 4.7% a year.

The reported diluted earnings per share was $4.46 for the year, a decline of 23.6% from the previous year. Over the last five years Magellan Midstream Partners LP had an EPS growth rate of 7.4% a year. The Magellan Midstream Partners LP enjoyed an operating margin of 37.93%, compared with the operating margin of 35.85% a year before. The 10-year historical median operating margin of Magellan Midstream Partners LP is 35.87%. The profitability rank of the company is 8 (out of 10).

At the current stock price of $60.58, Magellan Midstream Partners LP is traded at 18.2% discount to its historical median P/S valuation band of $74.07. The P/S ratio of the stock is 4.86, while the historical median P/S ratio is 5.94. The stock gained 8.47% during the past 12 months.

For the complete 20-year historical financial data of MMP, click here.