Magellan Midstream Partners (MMP) Tops Q3 EPS by 10c

Magellan Midstream Partners (NYSE: MMP) reported Q3 EPS of $1.19, $0.10 better than the analyst estimate of $1.09.

"Magellan continued its positive trend in 2019, generating stronger financial results than expected during the third quarter and keeping us on track for another record year," said Michael Mears, chief executive officer. "Further, we are pleased with the significant progress of our large-scale construction projects, including commercial start-up of our new East Houston-to-Hearne refined products pipeline during mid-September. Magellan remains focused on delivering stable, fee-based transportation and terminals services and ensuring capital discipline for future investments to support Magellan's long-term success."

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

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