Magellan Midstream Partners (MMP) Stock Price

Magellan Midstream Partners Price

Delisted·Sep 22, 2023
69.00USD
Last traded price

Over the last 19 years Magellan Midstream Partners grew revenue by 10.4% annually, reaching 3.20 B USD. Earnings per share have grown at 10.1% per year over the last 19 years. For Magellan Midstream Partners, the net margin of 32.4% is down versus 47.2% a few years ago. At today's price the dividend yield works out to roughly 6.03%. The payout ratio is around 83% of earnings. The dividend has grown at 1.6% per year over the past 19 years.

Magellan Midstream Partners stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Magellan Midstream Partners over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Magellan Midstream Partners stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Magellan Midstream Partners's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Magellan Midstream Partners Stock Price History
DateMagellan Midstream Partners Price
Access this data via the Eulerpool API

Magellan Midstream Partners Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2020
2.43 B USD
993.03 M USD
816.97 M USD
Jan 1, 2021
2.73 B USD
1.08 B USD
982.00 M USD
Jan 1, 2022
3.20 B USD
1.02 B USD
1.04 B USD
Jan 1, 2023 (e)
3.45 B USD
1.20 B USD
1.09 B USD
Jan 1, 2024 (e)
3.46 B USD
1.24 B USD
1.08 B USD
Jan 1, 2025 (e)
3.70 B USD
1.28 B USD
1.14 B USD
Jan 1, 2026 (e)
3.75 B USD
1.37 B USD
1.22 B USD
Jan 1, 2027 (e)
3.87 B USD
1.41 B USD
1.30 B USD

Magellan Midstream Partners Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 27, 2026, 5:57 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201220132014201520162017201820192020202120222023e2024e2025e2026e2027e
1.771.902.302.192.212.512.832.732.432.733.203.453.463.703.753.87
1.377.0521.40-4.990.7813.7012.72-3.50-11.0012.6117.097.810.237.111.113.31
55.6462.0567.1771.9469.5266.8165.7168.2868.1963.1255.8855.8855.8855.8755.8855.88
0.991.181.551.571.531.681.861.861.661.731.791.931.932.072.092.16
0.550.710.970.960.940.931.010.950.991.081.021.201.241.281.371.41
31.1537.1642.2944.0142.4037.1435.8534.8040.9139.6631.9734.7035.8934.6136.6136.52
0.440.580.840.820.800.871.331.020.820.981.041.091.081.141.221.30
5.3333.7944.16-2.38-2.088.3553.39-23.48-20.0020.345.504.73-0.375.836.216.75
3.082.102.512.923.243.523.794.044.114.124.163.393.393.39
-0.96-31.8219.0516.8010.968.647.676.601.730.240.97-18.51
227.38227.93228.23228.44228.39228.68229.05229.36224.00214.10206.10206.10206.10206.10206.10206.10
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Magellan Midstream Partners generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Magellan Midstream Partners retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Magellan Midstream Partners's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Magellan Midstream Partners has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Magellan Midstream Partners's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Magellan Midstream Partners stock margins

The Magellan Midstream Partners margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Magellan Midstream Partners. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Magellan Midstream Partners.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
65.70 %
35.85 %
47.19 %
Jan 1, 2019
68.28 %
34.79 %
37.42 %
Jan 1, 2020
68.19 %
40.90 %
33.65 %
Jan 1, 2021
63.12 %
39.66 %
35.93 %
Jan 1, 2022
55.87 %
31.96 %
32.38 %
Jan 1, 2023 (e)
55.87 %
34.69 %
31.47 %
Jan 1, 2024 (e)
55.87 %
35.89 %
31.28 %
Jan 1, 2025 (e)
55.87 %
34.61 %
30.90 %

Magellan Midstream Partners Stock Revenue, EBIT, Earnings per Share

The Magellan Midstream Partners earnings per share therefore indicates how much revenue Magellan Midstream Partners has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
12.34 USD
4.42 USD
5.82 USD
Jan 1, 2019
11.89 USD
4.14 USD
4.45 USD
Jan 1, 2020
10.84 USD
4.43 USD
3.65 USD
Jan 1, 2021
12.77 USD
5.06 USD
4.59 USD
Jan 1, 2022
15.53 USD
4.96 USD
5.03 USD
Jan 1, 2023 (e)
16.46 USD
5.81 USD
5.18 USD
Jan 1, 2024 (e)
16.50 USD
6.02 USD
5.16 USD
Jan 1, 2025 (e)
17.67 USD
6.22 USD
5.46 USD

Magellan Midstream Partners business model & stock analysis

Magellan Midstream Partners LP is a US-based company specializing in the transportation, processing, and storage of petroleum products. Founded in 2003, the company is headquartered in Tulsa, Oklahoma. Its business model is based on three pillars: transportation, processing, and storage. The company offers various services to its customers, ranging from crude oil delivery to the distribution of petroleum products to gas stations. It has pipelines and terminals spanning over 11,000 miles for reliable and efficient supply of petroleum products. The company's processing division includes refineries and gas-processing facilities, while its storage division comprises terminals located throughout the US. Magellan Midstream Partners LP also operates a fleet of ships for transporting and delivering petroleum products. Overall, the company specializes in providing a reliable and efficient system for the supply of petroleum products to various industries.

Magellan Midstream Partners SWOT Analysis

Strengths

[ { "heading": "1.", "text": "Established" } ]

[ { "heading": "2.", "text": "Extensive" } ]

[ { "heading": "3.", "text": "Diverse" } ]

Weaknesses

[ { "heading": "1.", "text": "Dependence" } ]

[ { "heading": "2.", "text": "Regulatory" } ]

[ { "heading": "3.", "text": "Limited" } ]

Opportunities

[ { "heading": "1.", "text": "Demand" } ]

[ { "heading": "2.", "text": "Infrastructure" } ]

[ { "heading": "3.", "text": "International" } ]

Threats

[ { "heading": "1.", "text": "Volatility" } ]

[ { "heading": "2.", "text": "Competitive" } ]

[ { "heading": "3.", "text": "Environmental" } ]

Magellan Midstream Partners Segments

Magellan Midstream Partners Revenue by Segment (1/2)

  • 3 Years

  • Max

Affiliate management fee revenue
Transportation and terminals revenue
Product sales revenue
Details
Date
Affiliate management fee revenue
Transportation and terminals revenue
Product sales revenue
Jan 1, 2021
21.20 M USD
2.30 M USD
0.00 USD

Magellan Midstream Partners Revenue by Segment (2/2)

  • 3 Years

  • Max

Transportation
Storage
Ancillary services
Terminalling
Lease revenue
Details
Date
Transportation
Storage
Ancillary services
Terminalling
Lease revenue
Jan 1, 2021
1.14 B USD
286.10 M USD
155.10 M USD
117.10 M USD
96.10 M USD

Magellan Midstream Partners Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Magellan Midstream Partners historical P/E ratio, EBIT multiple, and P/S ratio

Magellan Midstream Partners annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Magellan Midstream Partners shares outstanding

The number of shares of Magellan Midstream Partners was 206.1 M in 2025. This indicates how many shares Magellan Midstream Partners is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
229.05 M Stocks
Jan 1, 2019
229.36 M Stocks
Jan 1, 2020
224.00 M Stocks
Jan 1, 2021
214.10 M Stocks
Jan 1, 2022
206.10 M Stocks
Jan 1, 2023 (e)
206.10 M Stocks
Jan 1, 2024 (e)
206.10 M Stocks
Jan 1, 2025 (e)
206.10 M Stocks

Magellan Midstream Partners stock splits

In Magellan Midstream Partners's history, there have been no stock splits.

Magellan Midstream Partners Dividend History

23 years of dividend payments

YearAnnual DividendYoY ChangePayments
20233.39USD 18.4%
20224.16USD 1.0%
20214.12USD 0.2%
20204.11USD 1.9%
20194.04USD 6.4%
20183.79USD 7.7%
20173.52USD 8.6%
20163.24USD 11.3%
20152.92USD 16.4%
20142.51USD 19.4%

Magellan Midstream Partners dividend history and estimates

In 2025, Magellan Midstream Partners paid a dividend amounting to 3.39 USD. Dividend means that Magellan Midstream Partners distributes a portion of its profits to its owners.
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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2018
3.79 USD
0.00 USD
Jan 1, 2019
4.04 USD
0.00 USD
Jan 1, 2020
4.11 USD
0.00 USD
Jan 1, 2021
4.12 USD
0.00 USD
Jan 1, 2022
4.16 USD
0.00 USD
Jan 1, 2023
3.39 USD
0.00 USD
Jan 1, 2024 (e)
0.00 USD
3.39 USD
Jan 1, 2025 (e)
0.00 USD
3.39 USD

Magellan Midstream Partners dividend payout ratio

In 2025, Magellan Midstream Partners had a payout ratio of 62.13%. The payout ratio indicates the percentage of the company's profits that Magellan Midstream Partners distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2018
65.12 %
Jan 1, 2019
90.66 %
Jan 1, 2020
112.69 %
Jan 1, 2021
89.83 %
Jan 1, 2022
82.73 %
Jan 1, 2023 (e)
65.49 %
Jan 1, 2024 (e)
65.75 %
Jan 1, 2025 (e)
62.13 %
Price targets and forecasts for Magellan Midstream Partners are not yet available.

Magellan Midstream Partners Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/2/20241.33USD880.26 MUSD2024 Q1
1/31/20241.40USD910.26 MUSD2023 Q4
7/28/20221.05USD719.72 MUSD2022 Q2

EESG©

Eulerpool ESG Scorecard© for the Magellan Midstream Partners stock

72/100
79
Environment
88
Social
49
Governance
E

Environment

20
Scope 1 - Direct Emissions189,624
Scope 2 - Indirect emissions from purchased energy348,886
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions538,510
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees15
Percentage of women in management
Percentage of Asian employees1
Share of Asian management
Percentage of Hispanic/Latino employees8
Hispano/Latino Management share
Percentage of Black employees5
Black Management Share
Percentage of white employees79
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Magellan Midstream Partners shareholder structure

% Name
6.28687%
Alps Advisors, Inc.
Alps Advisors, Inc.
3.72786%
Invesco Advisers, Inc.
Invesco Advisers, Inc.
3.69110%
Janus Henderson Investors
Janus Henderson Investors
3.15852%
Energy Income Partners LLC
Energy Income Partners LLC
2.40730%
Goldman Sachs Asset Management, L.P.
Goldman Sachs Asset Management, L.P.
1.74919%
Tortoise Capital Advisors, LLC
Tortoise Capital Advisors, LLC
...

Magellan Midstream Partners Executives and Management Board

AM

Mr. Aaron Milford

(49)

President, Chief Executive Officer, Director of the Magellan GP, LLC · since 2015

Compensation5.39 M USD
JH

Mr. Jeffrey Holman

(52)

Chief Financial Officer, Executive Vice President, Treasurer of Magellan GP, LLC

Compensation3.41 M USD
MA

Mr. Michael Aaronson

(48)

Executive Vice President, Chief Commercial Officer of Magellan GP, LLC

Compensation2.60 M USD
DM

Mr. Douglas May

(52)

Senior Vice President, General Counsel, Compliance and Ethics Officer and Assistant Secretary of Magellan GP, LLC

Compensation2.21 M USD
LK

Ms. Lisa Korner

(61)

Senior Vice President - Human Resources and Administration of Magellan GP, LLC

Compensation1.84 M USD

Magellan Midstream Partners Supply Chain

Magellan Midstream Partners Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Name1M3M6M1Y2YTrend
1
Plains GP A
Supplier
0.83
0.77
0.88
0.74
0.95
2
0.67
0.69
0.87
0.75
0.95
3
0.63
0.71
0.87
0.69
0.92
4
0.58
0.64
0.87
0.69
0.91
5
0.76
0.66
0.85
0.73
0.90
#Name1M3M6M1Y2YTrend
1
HF Sinclair
Supplier
-0.19
2
Shell Plc
Supplier
-0.08
0.18
3
-0.04
-0.29
-0.67
4
Noble Midstream Partners LP
Supplier
-0.03
-0.03
0.68
0.38
5
0.51
0.19
0.49
0.30
-0.65

Frequently asked questions about Magellan Midstream Partners

Magellan Midstream Partners LP operates as a master limited partnership (MLP) that primarily transports, stores, and distributes refined petroleum products. The company owns and operates an extensive network of pipelines, terminals, and storage facilities across the United States. Magellan Midstream Partners LP's business model focuses on providing essential infrastructure for the efficient transportation and storage of commodities, serving both oil producers and consumers. By leveraging its strategically located assets, the company plays a vital role in facilitating the reliable supply of petroleum products.

All fundamentals and in-depth analysis of Magellan Midstream Partners

Our stock analysis for Magellan Midstream Partners stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Magellan Midstream Partners. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.