Magellan Midstream Partners Revenue, Profits - MMP Annual Income Statement

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$71.05 $0.88 (1.25%) MMP stock closing price Aug 17, 2018 (Closing)

Fundamental analysis of MMP stock involves analyzing its financial statements, apart from checking the Magellan Midstream Partners stock price. In the income statement, an investor can look at important parameters like revenue or sales, gross profits, net profits, and EPS basic to gain deeper insights. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the MMP stock is bound to reflect the impact of the YOY growth of 13.7%. Revenue for year 2017 is $2.51B and has increased from $2.21B year on year as is evident when you compare the latest figures in the latest Magellan Midstream Partners profit and loss statement with those of the prior corresponding period. Also see Magellan Midstream Partners assets and Magellan Midstream Partners free cash flow for a complete valuation of MMP stock.

View revenue and profit details for latest and last 10 financial years.
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Magellan Midstream Partners Revenues or Net Sales
Cost Of Goods Sold (COGS)635.61M493.33M447.27M594.58M578.02M657.1M706.27M668.58M280.29M436.56M
Magellan Midstream Partners Gross Profit
Research & Development Expense----------
Selling General & Admin Expense622.7M598.87M610.74M573.16M472.29M434.89M398.32M371.79M338.25M305.6M
Income Before Depreciation Depletion Amortization1.25B1.11B1.13B1.14B847.28M680.07M644.07M517.06M395.62M470.61M
Depreciation Depletion Amortization196.63M178.14M166.81M161.74M142.23M128.01M121.17M108.66M97.21M71.15M
Non Operating Income15.78M37.74M2.29M-9.36M-2.08M-1.98M-1.77M-2.01M-0.42M1.08M
Interest Expense195.13M166.81M144.45M120.72M116.12M111.78M105.69M93.43M69.84M51.94M
Magellan Midstream Partners Pretax Income
Provision for Income Taxes3.83M3.21M2.33M4.62M4.61M2.62M1.86M1.37M1.66M1.98M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations869.53M802.77M819.12M839.51M582.23M435.67M413.56M311.58M226.47M346.61M
Extraordinary Items & Discontinued Operations----------
Magellan Midstream Partners Profit/ Loss (Net Income)
Average Shares used to compute Diluted EPS228.34M228.06M227.89M227.63M227.09M226.61M225.97M219.12M114.29M133.85M
Average Shares used to compute Basic EPS228.18M227.93M227.55M227.26M226.83M226.37M225.67M218.97M114.23M133.71M
Income Before Nonrecurring Items869.53M830.04M768.45M777.11M586.22M457.2M422.16M338.72M126.75M333.26M
Income from Nonrecurring Items--27.26M50.68M62.41M-4.22M-21.53M-8.59M-27.14M-13.35M
Magellan Midstream Partners Earnings Per Share Basic Net
Magellan Midstream Partners Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items3.813.643.373.422.582.021.871.551.111.54
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common3.523.252.922.512.101.781.561.451.421.36
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Magellan Midstream Partners stock analysis. It helps to look at the following income statement items:

  • Topline: A growing topline, as seen from the Magellan Midstream Partners revenue chart, as is the case with Magellan Midstream Partners indicates a growing business. One needs to compare the YoY topline or sales growth of MMP stock with its peers like PAA stock and SEP stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $869.53M for MMP stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called the profit and loss statement. Apart from the MMP income statement, one can check the Magellan Midstream Partners historical stock prices to check how the price has moved with time.

Magellan Midstream Partners Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
PS Ratio (price sales ratio)
Operating Margin
Net Profit Margin
Dividend Yield