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COMPANY BENCHMARKING • UNITED STATES

Magellan Midstream Partners, L.P. - Company Profile

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Magellan Midstream Partners, L.P. - Overview

Brands
Magellan
Description
Magellan Midstream Partners is a public company headquartered in Oklahoma with an estimated 1,715 employees. In the US, the company has a notable market share in at least two industries: Refined Petroleum Pipeline Transportation and Organic Chemical Pipeline Transportation. Their largest market share is in the Refined Petroleum Pipeline Transportation industry, where they account for an estimated 18.5% of total industry revenue.
Company Details

Registered Name: Magellan Midstream Partners, L.P.

Company Type: Operating

Exchange: NYSE

Headquarters: One Williams Center, Md 28-1 Tulsa OK 74172

Employees: 1715

Magellan Midstream Partners, L.P. - Operating Industries and Main Competitors

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Magellan Midstream Partners, L.P. - Products and Services

  • Refined Petroleum Pipeline Transportation in the US

    • Of the 5 core revenue-generating products and services in the Refined Petroleum Pipeline Transportation in the US industry, Magellan Midstream Partners, L.P. offers:
    • Distillate fuel transportation
    • Jet fuel transportation
    • Motor gasoline transportation
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  • Organic Chemical Pipeline Transportation in the US

    • Of the 3 core revenue-generating products and services in the Organic Chemical Pipeline Transportation in the US industry, Magellan Midstream Partners, L.P. offers:
    • Ammonia transportation
    • Other transportation
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Magellan Midstream Partners, L.P. - Analyst Insights

Magellan’s decade-long CEO retires – successor to takeover April 30th

In January 2022, Magellan announced that its current Chief Executive Officer (CEO) and chairman, Michael Mears, will retire on April 30th, 2022, after serving Magellan since 2011. During his tenure, the company more than doubled its annual cash distribution paid to investors. The company stated that the roles of chairman and CEO will be separated, naming Aaron Milford the new CEO and Barry Pearl the new chairman of the board. These appointments complete the company’s leadership team and will be integral in shaping its future in the short and long term.

Structural


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Magellan Midstream Partners, L.P. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Magellan Midstream Partners, L.P.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Refined Petroleum Pipeline Transportation in the US, and Organic Chemical Pipeline Transportation in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Magellan Midstream Partners, L.P. - Financial Statements & Ratios

pie_chartMagellan Midstream Partners, L.P. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue2,733.12,322.02,600.92,826.62,507.72,205.4
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartMagellan Midstream Partners, L.P. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents2.013.058.0218.3160.814.7
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartMagellan Midstream Partners, L.P. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income982.0817.01,020.81,333.9869.5802.8
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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    Products and Services
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