Magellan Midstream Partners (MMP) Tops Q1 EPS by 8c
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Magellan Midstream Reports First-Quarter 2022 Financial Results and Raises 2022 Annual Guidance
May 5, 2022 8:00 AM EDTTULSA, Okla., May 5, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $166 million for first quarter 2022 compared to $221 million for first quarter 2021. The decrease in net income primarily resulted from mark-to-market (MTM) adjustments for hedge positions related to our commodity-related activities in the current higher commodity pricing environment as well as the favorable impact to our prior-year results from the 2021 winter storms.
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