MMP · Magellan Midstream Partners, L.P. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $877.20M | $869.70M | - | $876.10M | $847.10M | $761.10M | - | $639.05M | $666.41M | $687.57M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $74.50M | $60.40M | - | $58.00M | $56.90M | $62.80M | - | $46.63M | $56.09M | $46.58M |
| Total Operating Expenses | $597.60M | $570.20M | - | $522.70M | $578.10M | $488.10M | - | $400.44M | $429.26M | $420.18M |
| D&A | $56.60M | $55.80M | - | $57.90M | $58.80M | $57.70M | - | $61.40M | $52.26M | $58.13M |
| Operating Income | $295.00M | $331.50M | - | $396.40M | $240.00M | $220.00M | - | $277.67M | $266.88M | $279.48M |
| Interest Expense | $57.20M | $57.70M | - | $57.30M | $57.80M | $57.30M | - | $57.02M | $56.98M | $56.98M |
| Income Tax | $1.60M | $900.0K | - | $900.0K | $300.0K | $800.0K | - | $821.0K | $434.0K | $789.0K |
| Net Income | $238.70M | $273.90M | - | $330.00M | $353.90M | $165.50M | - | $236.60M | $280.42M | $221.32M |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $128.40M | $7.40M | $2.00M | $8.10M | $4.60M | $4.60M | $2.00M | $12.59M | $257.97M | $4.07M |
| Accounts Receivable | $169.50M | $160.20M | $219.90M | $179.10M | $140.30M | $129.80M | $135.20M | $134.28M | $134.12M | $142.95M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $137.70M | $126.90M | $108.20M | $134.40M | $138.80M | $98.00M | $109.50M | $129.09M | $122.71M | $102.20M |
| Current Assets | $737.30M | $598.80M | $710.50M | $717.60M | $669.50M | $951.20M | $843.20M | $799.30M | $1.02B | $478.14M |
| Total Assets | $7.63B | $7.57B | $7.71B | $7.81B | $7.79B | $8.11B | $8.03B | $8.05B | $8.29B | $8.25B |
| Current Liabilities | $681.10M | $618.10M | $725.50M | $716.80M | $688.80M | $635.80M | $679.60M | $657.29M | $642.02M | $560.76M |
| Long-term Debt | $4.98B | $4.98B | $5.01B | $5.01B | $5.00B | $5.32B | $5.09B | $5.10B | $4.98B | $5.00B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $351.50M | - | - | - | $100.40M | - | - | - | $240.24M |
| Investing Cash Flow | - | ($44.00M) | - | - | - | ($46.60M) | - | - | - | ($31.16M) |
| Financing Cash Flow | - | ($302.40M) | - | - | - | ($51.50M) | - | - | - | ($218.57M) |
| CapEx | - | $44.00M | - | - | - | $44.90M | - | - | - | $29.95M |
| Free Cash Flow | - | $307.50M | - | - | - | $55.50M | - | - | - | $210.29M |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 33.6% | 38.1% | - | 45.2% | 28.3% | 28.9% | - | 43.4% | 40.0% | 40.6% |
| EBITDA margin | 40.1% | 44.5% | - | 51.9% | 35.3% | 36.5% | - | 53.1% | 47.9% | 49.1% |
| Net margin | 27.2% | 31.5% | - | 37.7% | 41.8% | 21.7% | - | 37.0% | 42.1% | 32.2% |
| Free cash flow margin | - | 35.4% | - | - | - | 7.3% | - | - | - | 30.6% |
| FCF / Net income | - | 1.12 | - | - | - | 0.34 | - | - | - | 0.95 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.5% | 6.9% | - | 6.6% | 6.7% | 8.3% | - | 7.3% | 8.4% | 6.8% |
| Effective tax rate | 0.7% | 0.3% | - | 0.3% | 0.1% | 0.5% | - | 0.3% | 0.2% | 0.4% |
| Return on assets | 3.1% | 3.6% | - | 4.2% | 4.5% | 2.0% | - | 2.9% | 3.4% | 2.7% |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.08 | 0.97 | 0.98 | 1.00 | 0.97 | 1.50 | 1.24 | 1.22 | 1.59 | 0.85 |
| Quick ratio | 1.08 | 0.97 | 0.98 | 1.00 | 0.97 | 1.50 | 1.24 | 1.22 | 1.59 | 0.85 |
| Cash ratio | 0.19 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 | 0.40 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.65 | 0.66 | 0.65 | 0.64 | 0.64 | 0.66 | 0.63 | 0.63 | 0.60 | 0.61 |
| Debt / EBITDA | 14.18 | 12.87 | - | 11.03 | 16.74 | 19.15 | - | 15.05 | 15.60 | 14.80 |
| Interest coverage | 5.2x | 5.7x | - | 6.9x | 4.2x | 3.8x | - | 4.9x | 4.7x | 4.9x |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | 0.11 | - | 0.11 | 0.11 | 0.09 | - | 0.08 | 0.08 | 0.08 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 71d | 67d | - | 75d | 60d | 62d | - | 77d | 73d | 76d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.6% | 14.3% | - | 37.1% | 27.1% | 10.7% | - | 6.8% | 44.7% | -12.2% |
| Revenue CAGR (3y) | 24.0% | 3.6% | - | 10.1% | 6.5% | 5.2% | - | 0.1% | 0.6% | 0.4% |
| Revenue CAGR (5y) | 6.0% | 5.1% | - | 8.9% | 6.5% | 3.5% | - | 3.0% | 5.1% | 5.8% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 22.9% | 50.7% | - | 42.8% | -10.1% | -21.3% | - | 4.2% | 33.0% | -14.5% |
| Net income growth (YoY) | -32.6% | 65.5% | - | 39.5% | 26.2% | -25.2% | - | 11.8% | 109.5% | -23.0% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 454.1% | - | - | - | -73.6% | - | - | - | -0.8% |
| FCF CAGR (5y) | - | 11.5% | - | - | - | -14.8% | - | - | - | 24.6% |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$2.74B totalRefined Products Segment$2.11B · 77.0%
Crude Oil Pipelineand Terminals Segment$630.10M · 23.0%
Product / service
$4.07B totalService$1.80B · 44.2%
Transportation$915.70M · 22.5%
Product$913.00M · 22.4%
Storage$177.10M · 4.3%
Ancillary Services$125.20M · 3.1%
Terminalling$100.10M · 2.5%
Product And Service Other$21.20M · 0.5%
Lease Revenue$20.40M · 0.5%
Peer comparison
Same SIC group: Pipe Lines (No Natural Gas)
Comparing Magellan Midstream Partners against the 5 most active filers in the same SIC group.