UPDATE: Magellan Midstream Partners (MMP) Tops Q4 EPS by 13c, Revenues Miss; Offers Q1 & FY20 EPS Guidance Below Consensus
Magellan Midstream Partners (NYSE: MMP) reported Q4 EPS of $1.31, $0.13 better than the analyst estimate of $1.18. Revenue for the quarter came in at $740.68 million versus the consensus estimate of $837.59 million.
"Magellan closed out the year with another strong quarter, generating solid financial results from each of our segments and solidifying 2019 as a record year for our company," said Michael Mears, chief executive officer. "Our conservative business model has consistently proven successful as we focus on providing essential services to move the fuel that keeps America moving while ensuring attractive returns on capital deployed. Magellan's financial strength and discipline will remain key to producing long-term value not only in today's competitive environment but also for years to come."
GUIDANCE:
Magellan Midstream Partners sees Q1 2020 EPS of $1.08, versus the consensus of $1.12.
Magellan Midstream Partners sees FY2020 EPS of $4.30, versus the consensus of $4.69.
For earnings history and earnings-related data on Magellan Midstream Partners (MMP) click here.