Magellan Midstream Partners LP (NYSE:MMP) Retained Earnings

: $0 Mil (As of Jun. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Magellan Midstream Partners LP's retained earnings for the quarter that ended in Jun. 2023 was $0 Mil.

Magellan Midstream Partners LP Retained Earnings Historical Data

The historical data trend for Magellan Midstream Partners LP's Retained Earnings 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 Annual Data

Trend

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Retained Earnings

Magellan Midstream Partners LP Quarterly Data
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Magellan Midstream Partners LP Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Magellan Midstream Partners LP (NYSE:MMP) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Magellan Midstream Partners LP (NYSE:MMP) Business Description

Industry

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

Comparable Companies

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
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
Mark B Roles	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Michael C Pearson	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Chansoo Joung	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Jeffrey L Holman	officer: Senior Vice President & CFO	ONE WILLIAMS CENTER, TULSA OK 74172
Melanie A Little	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Edward J Guay	director	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Lori Gobillot	director	5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042
Michael Aaronson	officer: Senior Vice President	16666 NORTHCHASE DRIVE, HOUSTON TX 77060
Aaron L Milford	officer: Senior Vice President & CFO	ONE WILLIAMS CENTER, TULSA OK 74172
Stacy P. Methvin	director	777 HIDDEN RIDGE, IRVING TX 75038
Robert L Barnes	officer: Senior Vice President	ONE WILLIAMS CENTER SUITE 2800, TULSA OK 74172
Michael P Osborne	officer: Senior VP & CFO	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172