Magellan Midstream Partners (MMP) Tops Q3 EPS by 13c, Raises Guidance

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Go back to Magellan Midstream Partners (MMP) Tops Q3 EPS by 13c, Raises Guidance

Magellan Midstream Reports Significantly Higher Third-Quarter Financial Results, Increases Annual DCF Guidance to Record $920 Million for 2015

November 3, 2015 8:30 AM EST

TULSA, Okla., Nov. 3, 2015 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $251.0 million for third quarter 2015, an increase of $52.4 million, or 26% higher than the $198.6 million generated in third 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 $230.0 million for third quarter 2015 compared to $183.4 million for third quarter 2014, representing a 25% increase.

Diluted net income per limited partner unit was $1.10 in third quarter 2015 and 87 cents in... More