Magellan Midstream Partners LP (MMP) Tops Q3 EPS by 21c

Magellan Midstream Partners LP (NYSE: MMP) reported Q3 EPS of $0.87, $0.21 better than the analyst estimate of $0.66. Revenue for the quarter came in at $443.84 million versus the consensus estimate of $484.3 million.

Distributable cash flow (DCF), a non-GAAP financial measure that represents the amount of cash generated during the period that is available to pay distributions, increased to $183.4 million for third quarter 2014, an increase of $42.3 million or 30% higher than the third-quarter 2013 DCF of $141.1 million.

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

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