Magellan Midstream Partners (MMP) Tops Q2 EPS by 89c

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Go back to Magellan Midstream Partners (MMP) Tops Q2 EPS by 89c

Magellan Midstream Reports Second-Quarter 2022 Financial Results

July 28, 2022 8:00 AM EDT

TULSA, Okla., July 28, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $354 million for second quarter 2022 compared to $280 million for second quarter 2021. The current period includes a $162 million gain on the sale of discontinued operations related to the June 2022 divestiture of our independent terminals network, and the prior year includes a $70 million gain primarily from the sale of a portion of our interest in the Pasadena marine terminal joint venture.

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