Magellan Midstream Partners (MMP) Tops Q2 EPS by 37c, Revenues Beat

Magellan Midstream Partners (NYSE: MMP) reported Q2 EPS of $1.11, $0.37 better than the analyst estimate of $0.74. Revenue for the quarter came in at $701.7 million versus the consensus estimate of $580.72 million.

"Magellan delivered results against the backdrop of a challenging environment for our industry and our nation that exceeded our expectations for the quarter," said Michael Mears, chief executive officer. "Our resilient business model and strong financial position allow us to confidently manage through current challenges while remaining focused on executing our long-term strategy to maximize value for Magellan's investors."

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

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