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MMP
Magellan Midstream Partners
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Oil & Gas
Midstream
Limited Partner
Exchange Listing Date 2/6/2001

Net Income Growth %

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Distribution Growth %

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Distribution Coverage Ratio

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Distributable Cash Flow (in thousands)

Year Over Year Quarter Over Quarter
6/30/2021 YoY % Change 6/30/2020 6/30/2021 QoQ % Change 3/31/2021
Net Income $280,417 109.51% $133,843 $280,417 -2.49% $287,564
Plus:
Interest Expense$56,416 $64,808$56,416 $50,529
Depreciation and Amortization$59,077 $58,500$59,077 $63,086
Equity Based Incentive Compensation Expense$5,381 $4,256$5,381 $-14,545
Asset Retirements and Impairments  
Derivative Associated With Future Product Transactions$973 $9,982$973 $-66,740
Gain on exchange of interest in NCE  
Derivative Associated With Products Sold In This Period$-21,805 $47,593$-21,805 $-11,737
Lower of Cost of Market Adjustments  
Houston to El Paso Cost of Sales Adj  
Other $-43,899 
Adjusted EBITDA $336,257 16.21% $289,350 $336,257 -11.62% $380,459
Less:
Interest Expense$55,642 $50,827$55,642 $49,632
Maintenance CAPEX$12,592 $28,982$12,592 $24,320
Distributable Cash Flow $268,023 27.91% $209,541 $268,023 -44.65% $484,251
Actual Distributions $228,962 $233,000 $228,962 $234,774
GP Distributions
Subordinated Distributions
Unit Holder Distributions $228,962 $233,000 $228,962 $234,774
Distribution Coverage 1.18 x 0.90 x 1.18 x 2.10 x

Distributable Cash Flow (in thousands)

Year To Date
YTD 2021 Q2 2021 Q1
Net Income $567,981 $280,417 $287,564
Plus:
Interest Expense$106,945$56,416$50,529
Depreciation and Amortization$122,163$59,077$63,086
Equity Based Incentive Compensation Expense$-9,164$5,381$-14,545
Asset Retirements and Impairments0
Derivative Associated With Future Product Transactions$-65,767$973$-66,740
Gain on exchange of interest in NCE0
Derivative Associated With Products Sold In This Period$-33,542$-21,805$-11,737
Lower of Cost of Market Adjustments0
Houston to El Paso Cost of Sales Adj0
Other0
Adjusted EBITDA $716,716 $336,257 $380,459
Less:
Interest Expense$105,274$55,642$49,632
Maintenance CAPEX$36,912$12,592$24,320
Distributable Cash Flow $752,274 $268,023 $484,251
Actual Distributions $463,736 $228,962 $234,774
GP Distributions 0
Subordinated Distributions 0
Unit Holder Distributions $463,736 $228,962 $234,774
Distribution Coverage 1.62 x 1.18 x 2.10 x

Distributable Cash Flow (in thousands)

Trailing Twelve Month
TTM 2021 Q2 2021 Q1 2020 Q4 2020 Q3
Net Income $963,539 $280,417 $287,564 $183,920 $211,638
Plus:
Interest Expense$213,434$56,416$50,529$53,809$52,680
Depreciation and Amortization$255,163$59,077$63,086$61,178$71,822
Equity Based Incentive Compensation Expense$-1,590$5,381$-14,545$6,405$1,169
Asset Retirements and Impairments0
Derivative Associated With Future Product Transactions$-48,922$973$-66,740$16,845
Gain on exchange of interest in NCE0
Derivative Associated With Products Sold In This Period$-33,542$-21,805$-11,737
Lower of Cost of Market Adjustments0
Houston to El Paso Cost of Sales Adj0
Other0
Adjusted EBITDA $1,395,542 $336,257 $380,459 $340,269 $338,557
Less:
Interest Expense$210,261$55,642$49,632$53,054$51,933
Maintenance CAPEX$82,328$12,592$24,320$17,558$27,858
Distributable Cash Flow $1,280,697 $268,023 $484,251 $269,657 $258,766
Actual Distributions $927,981 $228,962 $234,774 $233,000 $231,245
GP Distributions 0
Subordinated Distributions 0
Unit Holder Distributions $927,981 $228,962 $234,774 $233,000 $231,245
Distribution Coverage 1.38 x 1.18 x 2.10 x 1.15 x 1.12 x

Distributable Cash Flow (in thousands)

All History
 
TTM 2021 Q22021 Q12020 Q42020 Q32020 Q22020 Q12019 Q42019 Q32019 Q22019 Q12018 Q42018 Q32018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q12014 Q42014 Q32014 Q22014 Q12013 Q42013 Q32013 Q22013 Q12012 Q4
$963,539 $280,417 $287,564 $183,920 $211,638 $133,843 $287,564 $286,445 $273,038 $253,703 $207,663 $314,072 $594,534 $214,409 $222,736 $237,895 $198,500 $210,400 $222,736 $213,291 $194,551 $187,859 $207,070 $207,123 $250,973 $177,391 $183,636 $252,085 $198,620 $146,260 $242,554 $190,007 $125,623 $153,640 $112,967 $153,803
                                    
$213,434 $56,416 $50,529 $53,809 $52,680 $64,808 $50,529 $50,297 $47,271 $45,934 $51,426 $46,793 $51,533 $50,762 $46,723 $50,657 $48,231 $48,107 $46,723 $45,047 $41,984 $41,152 $37,227 $35,198 $36,320 $36,271 $35,309 $33,863 $26,651 $31,356 $30,715 $31,211 $27,857 $30,277 $28,250 $27,736
$255,163 $59,077 $63,086 $61,178 $71,822 $58,500 $63,086 $63,979 $57,972 $590,966 $53,876 $103,351 $56,228 $53,619 $47,298 $50,527 $49,909 $48,896 $47,298 $44,005 $47,081 $43,302 $43,754 $42,632 $42,636 $41,080 $42,284 $39,845 $38,620 $47,499 $38,110 $37,246 $35,810 $34,726 $36,872 $33,855
$-1,590 $5,381 $-14,545 $6,405 $1,169 $4,256 $-10,511 $1,434 $6,773 $10,890 $-2,653 $7,441 $7,933 $10,047 $-9,728 $6,458 $3,466 $6,570 $-9,728 $4,622 $4,677 $3,409 $-7,726 $9,019 $4,645 $5,788 $-13,033 $9,553 $4,978 $7,665 $-9,725 $9,584 $4,217 $5,425 $-7,403 $8,481
0 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $1,189 $1,670 $2,589 $3,461 $5,789 $2,250 $1,870 $3,461 $5,793 $2,134 $1,004 $-2,259 $3,492 $2,316 $2,087 $-3 $2,393 $1,520 $2,105 $1,205 $3,566 $1,971 $507 $1,791 $2,047
$-48,922 $973 $-66,740 $16,845 N/A $9,982 $-66,740 $12,967 $-1,720 N/A $11,479 $-81,930 $-1,520 $29,318 $-23,773 $32,347 N/A $-5,955 $-23,773 $23,943 $5,871 N/A N/A $-14,674 $-68,293 $9,556 $4,537 $-75,939 $-39,246 $13,597 $-131 $1,280 $-2,770 $-8,096 $2,261 $-26
0 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $10,725 N/A N/A N/A $-1,244 $-26,900 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
$-33,542 $-21,805 $-11,737 N/A N/A $47,593 $-11,737 N/A N/A N/A $-20,412 $-24,315 N/A N/A N/A $-8,241 N/A N/A N/A $-5,600 $12,272 $16,823 $21,701 $21,076 $13,018 $26,682 $56,400 $17,120 $-3,817 $-1,931 $-5,250 $2,896 $1,301 $-1,556 $-5,250 $-1,629
0 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $9,011 N/A N/A N/A $-3,716 0 $1,983 N/A 0 $-1,083 N/A $-1,715 $4,360 $464 $-10,102 $-29,062 $36,856 $2,453 0 0 $-1,506 $-551 $2,057 $-2,000 $2,000
0 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 0 0 0 0 0 0 0 $-6,389
0 N/A N/A N/A N/A $-43,899 N/A N/A N/A $13,833 $3,644 $-1,523 $-351,215 N/A $1,450 $5,697 $19,995 $1,450 $1,609 $1,450 $1,315 $2,040 $2,416 $7,032 $9,974 $-7,140 $4,866 $-12,217 $1,659 $1,438 $396 $2,519 $2,011 $362 $-1,279 $4,413
$1,395,542 $336,257 $380,459 $340,269 $338,557 $289,350 $380,459 $433,841 $382,592 $378,303 $324,388 $374,089 $358,657 $338,621 $288,326 $377,413 $313,290 $323,909 $288,326 $338,841 $311,750 $292,520 $270,132 $315,258 $292,053 $281,613 $284,934 $303,559 $231,438 $247,989 $297,874 $288,343 $195,469 $217,342 $166,264 $224,291
                                    
$210,261 $55,642 $49,632 $53,054 $51,933 $50,827 $49,632 $49,442 $46,441 $45,184 $50,586 $46,019 $50,741 $49,928 $45,897 $49,824 $47,403 $47,279 $45,897 $44,222 $41,171 $40,435 $36,513 $34,352 $36,320 $36,271 $35,309 $33,863 $26,651 $31,356 $30,715 $31,211 $27,857 $30,277 $28,250 $27,736
$82,328 $12,592 $24,320 $17,558 $27,858 $28,982 $24,320 $26,566 $29,313 $18,325 $14,860 $25,633 $26,143 $22,100 $14,829 $19,331 $30,737 $26,266 $14,829 $17,404 $26,657 $31,164 $28,282 $24,010 $25,686 $22,513 $16,501 $21,641 $21,401 $20,787 $13,977 $20,562 $22,533 $18,878 $14,108 $17,202
$1,280,697 $268,023 $484,251 $269,657 $258,766 $209,541 $306,507 $357,833 $306,838 $314,794 $258,942 $302,437 $281,773 $266,593 $227,600 $308,258 $235,150 $250,364 $227,600 $277,215 $243,992 $221,011 $205,337 $256,896 $230,047 $222,829 $233,124 $248,055 $183,386 $195,846 $253,182 $236,570 $145,079 $168,187 $123,906 $179,353
$927,981 $228,962 $234,774 $233,000 $231,245 $233,000 $233,000 $233,000 $231,258 $229,545 $227,000 $223,061 $218,497 $213,933 $209,940 $206,362 $203,033 $198,860 $194,961 $190,770 $186,784 $182,796 $178,808 $173,413 $168,296 $163,178 $158,061 $151,569 $145,323 $139,079 $132,835 $126,950 $120,747 $115,040 $113,300 $110,974
0 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
0 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
$927,981 $228,962 $234,774 $233,000 $231,245 $233,000 N/A N/A $231,528 $229,545 N/A $223,061 $281,773 $213,933 $209,940 $206,362 $203,033 $198,860 $194,961 $190,770 $186,784 $182,796 $178,808 $173,413 $168,296 $163,178 $158,061 $151,569 $145,323 $139,079 $132,835 $126,950 $120,747 $115,040 $113,300 N/A
1.38 x 1.18 x 2.10 x 1.15 x 1.12 x 0.90 x 1.31 x 1.53 x 1.33 x 1.37 x 1.14 x 1.35 x 1.29 x 1.25 x 1.08 x 1.49 x 1.16 x 1.26 x 1.16 x 1.45 x 1.30 x 1.21 x 1.15 x 1.48 x 1.37 x 1.37 x 1.47 x 1.64 x 1.26 x 1.41 x 1.91 x 1.86 x 1.20 x 1.46 x 1.09 x 1.49 x
Net Income
Plus:
Interest Expense
Depreciation and Amortization
Equity Based Incentive Compensation Expense
Asset Retirements and Impairments
Derivative Associated With Future Product Transactions
Gain on exchange of interest in NCE
Derivative Associated With Products Sold In This Period
Lower of Cost of Market Adjustments
Houston to El Paso Cost of Sales Adj
Other
Adjusted EBITDA
Less:
Interest Expense
Maintenance CAPEX
Distributable Cash Flow
Actual Distributions
GP Distributions
Subordinated Distributions
Unit Holder Distributions
Distribution Coverage
 

No Incentive Distribution Rights to the General Partner. Distributions are made only to common class and unit holders.