Magellan Midstream Partners L.p. (MMP) Misses Q1 EPS by 1c; Guides FY12, Q2 EPS

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Magellan Midstream Partners L.p. (NYSE: MMP) reported Q1 EPS of $0.94, $0.01 worse than the analyst estimate of $0.95. Revenue for the quarter came in at $0 versus the consensus estimate of $467.97 million.

Management is raising its 2012 DCF guidance by $10 million to approximately $490 million and remains committed to its stated goal of 9% distribution growth for the year.

Magellan Midstream Partners L.p. sees Q2 2012 EPS of $0.83, versus the consensus of $0.91.

Magellan Midstream Partners L.p. sees FY2012 EPS of $3.75, versus the consensus of $3.78.

For earnings history and earnings-related data on Magellan Midstream Partners L.p. (MMP) click here.

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