Magellan Midstream Partners (MMP) Tops Q1 EPS by 25c, Revenues Beat

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Magellan Midstream Reports First-Quarter 2020 Financial Results

May 1, 2020 8:00 AM EDT

TULSA, Okla., May 1, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $287.6 million for first quarter 2020 compared to $207.7 million for first quarter 2019. The increase in first quarter 2020 net income was primarily driven by mark-to-market (MTM) adjustments for hedge positions related to the partnership's commodity-related activities.

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