UPDATE: Magellan Midstream Partners (MMP) Tops Q4 EPS by 13c, Revenues Miss; Offers Q1 & FY20 EPS Guidance Below Consensus

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Go back to UPDATE: Magellan Midstream Partners (MMP) Tops Q4 EPS by 13c, Revenues Miss; Offers Q1 & FY20 EPS Guidance Below Consensus

Magellan Midstream Reports Fourth-Quarter 2019 Financial Results

January 30, 2020 8:00 AM EST

TULSA, Okla., Jan. 30, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $286.4 million for fourth quarter 2019 compared to $314.1 million for fourth quarter 2018. The decrease in fourth quarter 2019 net income was driven by mark-to-market (MTM) adjustments for hedge positions related to the partnership's commodity-related activities. Contributions from Magellan's core fee-based transportation and terminals activities increased between periods.  

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