Magellan Midstream Partners (MMP) Tops Q2 EPS by 2c

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Go back to Magellan Midstream Partners (MMP) Tops Q2 EPS by 2c

Magellan Midstream Reports 12% Higher Second-Quarter Net Income

August 2, 2017 8:29 AM EDT

TULSA, Okla., Aug. 2, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $210.4 million for second quarter 2017 compared to $187.9 million for second quarter 2016.

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 $250.4 million for second quarter 2017 compared to $221.0 million for second quarter 2016.

Diluted net income per limited partner unit was 92 cents in second quarter 2017 and 82 cents in second quarter 2016. Diluted net income per unit excluding mark-to-market (MTM)... More