Magellan Midstream Partners (MMP) Tops Q2 EPS by 7c

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Go back to Magellan Midstream Partners (MMP) Tops Q2 EPS by 7c

Magellan Midstream Reports Solid Second-Quarter Financial Results

August 2, 2016 8:31 AM EDT

TULSA, Okla., Aug. 2, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $187.9 million for second quarter 2016 compared to $177.4 million for second quarter 2015.

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 $221.0 million for second quarter 2016 compared to $222.8 million for second quarter 2015.

Diluted net income per limited partner unit was 82 cents in second quarter 2016 and 78 cents in second quarter 2015. Diluted net income per unit excluding mark-to-market (MTM)... More