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
12/31/2018 YoY % Change 12/31/2017 12/31/2018 QoQ % Change 9/30/2018
Net Income $314,072 32.02% $237,895 $314,072 -47.17% $594,534
Plus:
Interest Expense$46,793 $50,657$46,793 $51,533
Depreciation and Amortization$103,351 $50,527$103,351 $56,228
Equity Based Incentive Compensation Expense$7,441 $6,458$7,441 $7,933
Asset Retirements and Impairments$1,189 $5,789$1,189 $1,670
Derivative Associated With Future Product Transactions$-81,930 $32,347$-81,930 $-1,520
Gain on exchange of interest in NCE  
Derivative Associated With Products Sold In This Period$-24,315 $-8,241$-24,315 
Lower of Cost of Market Adjustments$9,011 $-3,716$9,011 
Houston to El Paso Cost of Sales Adj  
Other$-1,523 $5,697$-1,523 $-351,215
Adjusted EBITDA $374,089 -0.88% $377,413 $374,089 4.30% $358,657
Less:
Interest Expense$46,019 $49,824$46,019 $50,741
Maintenance CAPEX$25,633 $19,331$25,633 $26,143
Distributable Cash Flow $302,437 -1.89% $308,258 $302,437 7.33% $281,773
Actual Distributions $223,000 $206,362 $223,000 $218,497
GP Distributions
Subordinated Distributions
Unit Holder Distributions $206,362 $281,773
Distribution Coverage 1.35 x 1.49 x 1.35 x 1.29 x

Distributable Cash Flow (in thousands)

Year To Date
YTD 2018 Q4 2018 Q3 2018 Q2 2018 Q1
Net Income $1,345,751 $314,072 $594,534 $214,409 $222,736
Plus:
Interest Expense$195,811$46,793$51,533$50,762$46,723
Depreciation and Amortization$260,496$103,351$56,228$53,619$47,298
Equity Based Incentive Compensation Expense$15,693$7,441$7,933$10,047$-9,728
Asset Retirements and Impairments$8,909$1,189$1,670$2,589$3,461
Derivative Associated With Future Product Transactions$-77,905$-81,930$-1,520$29,318$-23,773
Gain on exchange of interest in NCE0
Derivative Associated With Products Sold In This Period$-24,315$-24,315
Lower of Cost of Market Adjustments$9,011$9,011
Houston to El Paso Cost of Sales Adj0
Other$-351,288$-1,523$-351,215$1,450
Adjusted EBITDA $1,359,693 $374,089 $358,657 $338,621 $288,326
Less:
Interest Expense$192,585$46,019$50,741$49,928$45,897
Maintenance CAPEX$88,705$25,633$26,143$22,100$14,829
Distributable Cash Flow $1,078,403 $302,437 $281,773 $266,593 $227,600
Actual Distributions $865,370 $223,000 $218,497 $213,933 $209,940
GP Distributions 0
Subordinated Distributions 0
Unit Holder Distributions $705,646 $281,773 $213,933 $209,940
Distribution Coverage 1.25 x 1.35 x 1.29 x 1.25 x 1.08 x

Distributable Cash Flow (in thousands)

Trailing Twelve Month
TTM 2018 Q4 2018 Q3 2018 Q2 2018 Q1
Net Income $1,345,751 $314,072 $594,534 $214,409 $222,736
Plus:
Interest Expense$195,811$46,793$51,533$50,762$46,723
Depreciation and Amortization$260,496$103,351$56,228$53,619$47,298
Equity Based Incentive Compensation Expense$15,693$7,441$7,933$10,047$-9,728
Asset Retirements and Impairments$8,909$1,189$1,670$2,589$3,461
Derivative Associated With Future Product Transactions$-77,905$-81,930$-1,520$29,318$-23,773
Gain on exchange of interest in NCE0
Derivative Associated With Products Sold In This Period$-24,315$-24,315
Lower of Cost of Market Adjustments$9,011$9,011
Houston to El Paso Cost of Sales Adj0
Other$-351,288$-1,523$-351,215$1,450
Adjusted EBITDA $1,359,693 $374,089 $358,657 $338,621 $288,326
Less:
Interest Expense$192,585$46,019$50,741$49,928$45,897
Maintenance CAPEX$88,705$25,633$26,143$22,100$14,829
Distributable Cash Flow $1,078,403 $302,437 $281,773 $266,593 $227,600
Actual Distributions $865,370 $223,000 $218,497 $213,933 $209,940
GP Distributions 0
Subordinated Distributions 0
Unit Holder Distributions $705,646 $281,773 $213,933 $209,940
Distribution Coverage 1.25 x 1.35 x 1.29 x 1.25 x 1.08 x

Distributable Cash Flow (in thousands)

All History
 
TTM 2018 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
$1,345,751 $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
                          
$195,811 $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
$260,496 $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
$15,693 $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
$8,909 $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
$-77,905 $-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 $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
$-24,315 $-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
$9,011 $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 0 0 0 0 0 0 0 $-6,389
$-351,288 $-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
$1,359,693 $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
                          
$192,585 $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
$88,705 $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
$1,078,403 $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
$865,370 $223,000 $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
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
$705,646 N/A $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
1.25 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.