Magellan Midstream Partners (MMP) Tops Q2 EPS by 5c

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Go back to Magellan Midstream Partners (MMP) Tops Q2 EPS by 5c

Magellan Midstream Reports Higher Second-Quarter Financial Results, Increases Annual Distributable Cash Flow Guidance to $880 Million for 2015

August 6, 2015 8:30 AM EDT

TULSA, Okla., Aug. 6, 2015 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $177.4 million for second quarter 2015, an increase of $31.1 million, or 21% higher than the $146.3 million generated in second quarter 2014.

Distributable cash flow (DCF), a non-generally accepted accounting principles (non-GAAP) financial measure that represents the amount of cash generated during the period that is available to pay distributions, was $222.8 million for second quarter 2015 compared to $195.8 million for second quarter 2014, representing a 14% increase.

Diluted net income per limited partner unit was 78 cents in second quarter 2015 and 64 cents... More