Magellan Midstream Partners (MMP) Tops Q3 EPS by 10c, Revenues Beat
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Magellan Midstream Reports Third-Quarter 2020 Financial Results
October 30, 2020 8:00 AM EDTTULSA, Okla., Oct. 30, 2020 /PRNewswire/ --Â Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $211.6 million for third quarter 2020 compared to $273.0 million for third quarter 2019. The decrease in third-quarter 2020 net income was primarily driven by reduced demand for refined products due to the ongoing impact from COVID-19 and related restrictions as well as the negative impact of the lower commodity price environment on various aspects of the partnership's business.
