a

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

Net Income Growth %

chart

value

Distribution Growth %

chart

value

Distribution Coverage Ratio

chart

value

Distributable Cash Flow (in thousands)

Year Over Year Quarter Over Quarter
6/30/2020 YoY % Change 6/30/2019 6/30/2020 QoQ % Change 3/31/2020
Net Income $133,843 -47.24% $253,703 $133,843 -53.46% $287,564
Plus:
Interest Expense$64,808 $45,934$64,808 $50,529
Depreciation and Amortization$58,500 $590,966$58,500 $63,086
Equity Based Incentive Compensation Expense$4,256 $10,890$4,256 $-10,511
Asset Retirements and Impairments  
Derivative Associated With Future Product Transactions$9,982 $9,982 $-66,740
Gain on exchange of interest in NCE  
Derivative Associated With Products Sold In This Period$47,593 $47,593 $-11,737
Lower of Cost of Market Adjustments  
Houston to El Paso Cost of Sales Adj  
Other$-43,899 $13,833$-43,899 
Adjusted EBITDA $289,350 -23.51% $378,303 $289,350 -23.95% $380,459
Less:
Interest Expense$50,827 $45,184$50,827 $49,632
Maintenance CAPEX$28,982 $18,325$28,982 $24,320
Distributable Cash Flow $209,541 -33.44% $314,794 $209,541 -31.64% $306,507
Actual Distributions $233,000 $229,545 $233,000 $233,000
GP Distributions
Subordinated Distributions
Unit Holder Distributions $233,000 $229,545 $233,000
Distribution Coverage 0.90 x 1.37 x 0.90 x 1.31 x

Distributable Cash Flow (in thousands)

Year To Date
YTD 2020 Q2 2020 Q1
Net Income $421,407 $133,843 $287,564
Plus:
Interest Expense$115,337$64,808$50,529
Depreciation and Amortization$121,586$58,500$63,086
Equity Based Incentive Compensation Expense$-6,255$4,256$-10,511
Asset Retirements and Impairments0
Derivative Associated With Future Product Transactions$-56,758$9,982$-66,740
Gain on exchange of interest in NCE0
Derivative Associated With Products Sold In This Period$35,856$47,593$-11,737
Lower of Cost of Market Adjustments0
Houston to El Paso Cost of Sales Adj0
Other$-43,899$-43,899
Adjusted EBITDA $669,809 $289,350 $380,459
Less:
Interest Expense$100,459$50,827$49,632
Maintenance CAPEX$53,302$28,982$24,320
Distributable Cash Flow $516,048 $209,541 $306,507
Actual Distributions $466,000 $233,000 $233,000
GP Distributions 0
Subordinated Distributions 0
Unit Holder Distributions $233,000 $233,000
Distribution Coverage 1.11 x 0.90 x 1.31 x

Distributable Cash Flow (in thousands)

Trailing Twelve Month
TTM 2020 Q2 2020 Q1 2019 Q4 2019 Q3
Net Income $980,890 $133,843 $287,564 $286,445 $273,038
Plus:
Interest Expense$212,905$64,808$50,529$50,297$47,271
Depreciation and Amortization$243,537$58,500$63,086$63,979$57,972
Equity Based Incentive Compensation Expense$1,952$4,256$-10,511$1,434$6,773
Asset Retirements and Impairments0
Derivative Associated With Future Product Transactions$-45,511$9,982$-66,740$12,967$-1,720
Gain on exchange of interest in NCE0
Derivative Associated With Products Sold In This Period$35,856$47,593$-11,737
Lower of Cost of Market Adjustments0
Houston to El Paso Cost of Sales Adj0
Other$-43,899$-43,899
Adjusted EBITDA $1,486,242 $289,350 $380,459 $433,841 $382,592
Less:
Interest Expense$196,342$50,827$49,632$49,442$46,441
Maintenance CAPEX$109,181$28,982$24,320$26,566$29,313
Distributable Cash Flow $1,180,719 $209,541 $306,507 $357,833 $306,838
Actual Distributions $930,258 $233,000 $233,000 $233,000 $231,258
GP Distributions 0
Subordinated Distributions 0
Unit Holder Distributions $464,528 $233,000 $231,528
Distribution Coverage 1.27 x 0.90 x 1.31 x 1.53 x 1.33 x

Distributable Cash Flow (in thousands)

All History
 
TTM 2020 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
$980,890 $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
                                
$212,905 $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
$243,537 $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
$1,952 $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 $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
$-45,511 $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 $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
$35,856 $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 $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 0 0 0 0 0 0 0 $-6,389
$-43,899 $-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
$1,486,242 $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
                                
$196,342 $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
$109,181 $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
$1,180,719 $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
$930,258 $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
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
$464,528 $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
1.27 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.