Magellan Midstream Partners (MMP) Tops Q2 EPS by 4c, Revenues Miss

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Go back to Magellan Midstream Partners (MMP) Tops Q2 EPS by 4c, Revenues Miss

Magellan Midstream Reports Higher Second-Quarter Financial Results

August 2, 2018 8:30 AM EDT

TULSA, Okla., Aug. 2, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $214.4 million for second quarter 2018 compared to $210.4 million for second quarter 2017.

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 $266.6 million for second quarter 2018 compared to $250.4 million for second quarter 2017.  

Diluted net income per limited partner unit was 94 cents in second quarter 2018 and 92 cents in second quarter 2017. Diluted net income per unit excluding mark-to-market (MTM)... More