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Magellan Midstream Partners

DB:WEP
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WEP
DB
$8B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Magellan Midstream Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Magellan Midstream Partners has significant price volatility in the past 3 months.
WEP Share Price and Events
7 Day Returns
0%
DB:WEP
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-33.6%
DB:WEP
21.9%
DE Oil and Gas
-17.7%
DE Market
WEP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Magellan Midstream Partners (WEP) 0% -28.5% -35% -33.6% -50.3% -50.2%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • WEP underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • WEP underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
WEP
Industry
5yr Volatility vs Market

WEP Value

 Is Magellan Midstream Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Magellan Midstream Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Magellan Midstream Partners.

DB:WEP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 4.2744681967213
Payout Ratio Company Filings (2019-12-31) 9173.4%
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WEP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (63.71%))
1.144
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.144 * 5.44%)
5.83%

Discounted Cash Flow Calculation for DB:WEP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Magellan Midstream Partners is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:WEP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $4.27 / (5.83% - -0.39%)
$78.11
DB:WEP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WEP represents 1.06635x of NYSE:MMP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.06635x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 68.69 x 1.06635
€73.25
Value per share (EUR) From above. €73.25
Current discount Discount to share price of €35.52
= -1 x (€35.52 - €73.25) / €73.25
51.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Magellan Midstream Partners is available for.
Intrinsic value
>50%
Share price is €35.52 vs Future cash flow value of €73.25
Current Discount Checks
For Magellan Midstream Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Magellan Midstream Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Magellan Midstream Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Magellan Midstream Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Magellan Midstream Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WEP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $4.46
NYSE:MMP Share Price ** NYSE (2020-03-16) in USD $33.31
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Magellan Midstream Partners.

DB:WEP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MMP Share Price ÷ EPS (both in USD)

= 33.31 ÷ 4.46

7.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magellan Midstream Partners is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Magellan Midstream Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Magellan Midstream Partners's expected growth come at a high price?
Raw Data
DB:WEP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
-0.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:WEP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.46x ÷ -0.9%

-8.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magellan Midstream Partners earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Magellan Midstream Partners's assets?
Raw Data
DB:WEP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.89
NYSE:MMP Share Price * NYSE (2020-03-16) in USD $33.31
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:WEP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MMP Share Price ÷ Book Value per Share (both in USD)

= 33.31 ÷ 11.89

2.8x

* Primary Listing of Magellan Midstream Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magellan Midstream Partners is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Magellan Midstream Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Magellan Midstream Partners has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WEP Future Performance

 How is Magellan Midstream Partners expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Magellan Midstream Partners expected to grow at an attractive rate?
  • Magellan Midstream Partners's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Magellan Midstream Partners's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Magellan Midstream Partners's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WEP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WEP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts -0.9%
DB:WEP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 1%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WEP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WEP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,844 1,030 1
2023-12-31 2,782 981 1
2022-12-31 2,783 1,448 924 6
2021-12-31 2,783 1,288 944 15
2020-12-31 2,672 1,157 872 14
2020-03-30
DB:WEP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,728 1,321 1,021
2019-09-30 2,853 1,412 1,048
2019-06-30 2,834 1,359 1,370
2019-03-31 2,777 1,282 1,331
2018-12-31 2,827 1,353 1,334
2018-09-30 2,634 1,181 1,258
2018-06-30 2,569 1,112 862
2018-03-31 2,544 1,142 858
2017-12-31 2,508 1,131 870
2017-09-30 2,449 1,139 845
2017-06-30 2,428 1,141 841
2017-03-31 2,328 1,021 818

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Magellan Midstream Partners's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Magellan Midstream Partners's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WEP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Magellan Midstream Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WEP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 4.91 5.13 4.68 2.00
2023-12-31 4.63 4.84 4.42 2.00
2022-12-31 4.24 4.60 3.40 5.00
2021-12-31 4.22 4.79 3.40 14.00
2020-12-31 3.91 4.46 3.59 13.00
2020-03-30
DB:WEP Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 4.46
2019-09-30 4.59
2019-06-30 6.00
2019-03-31 5.83
2018-12-31 5.84
2018-09-30 5.51
2018-06-30 3.77
2018-03-31 3.76
2017-12-31 3.81
2017-09-30 3.70
2017-06-30 3.69
2017-03-31 3.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Magellan Midstream Partners is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Magellan Midstream Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Magellan Midstream Partners has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WEP Past Performance

  How has Magellan Midstream Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Magellan Midstream Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Magellan Midstream Partners's year on year earnings growth rate has been positive over the past 5 years.
  • Magellan Midstream Partners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Magellan Midstream Partners's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Magellan Midstream Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Magellan Midstream Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WEP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,727.91 1,020.85 208.16
2019-09-30 2,852.91 1,048.48 209.37
2019-06-30 2,834.34 1,369.97 204.63
2019-03-31 2,776.73 1,330.68 202.50
2018-12-31 2,826.57 1,333.93 209.65
2018-09-30 2,634.19 1,257.75 205.88
2018-06-30 2,569.02 861.71 195.89
2018-03-31 2,544.37 857.71 186.82
2017-12-31 2,507.66 869.53 174.44
2017-09-30 2,449.28 844.93 163.94
2017-06-30 2,428.21 840.98 160.50
2017-03-31 2,327.67 818.44 149.30
2016-12-31 2,205.41 802.77 148.90
2016-09-30 2,163.54 796.60 151.09
2016-06-30 2,198.44 853.02 153.12
2016-03-31 2,177.97 842.56 156.51
2015-12-31 2,188.45 819.12 149.95
2015-09-30 2,339.10 864.08 149.72
2015-06-30 2,274.03 811.73 147.48
2015-03-31 2,272.05 780.60 148.85
2014-12-31 2,360.35 839.52 148.29
2014-09-30 2,214.09 777.44 146.04
2014-06-30 2,136.33 704.44 143.42
2014-03-31 2,083.79 711.82 137.38
2013-12-31 1,947.73 582.24 132.50
2013-09-30 1,823.36 546.03 128.77
2013-06-30 1,705.40 470.93 123.56
2013-03-31 1,711.01 455.11 115.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Magellan Midstream Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Magellan Midstream Partners used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Magellan Midstream Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Magellan Midstream Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Magellan Midstream Partners has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WEP Health

 How is Magellan Midstream Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Magellan Midstream Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Magellan Midstream Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Magellan Midstream Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Magellan Midstream Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Magellan Midstream Partners Company Filings, last reported 2 months ago.

DB:WEP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,715.03 4,706.08 58.03
2019-09-30 2,674.46 4,705.78 135.49
2019-06-30 2,637.78 4,418.93 3.07
2019-03-31 2,616.26 4,284.15 13.50
2018-12-31 2,643.43 4,279.31 218.28
2018-09-30 2,547.42 4,271.51 222.64
2018-06-30 2,154.29 4,642.45 21.98
2018-03-31 2,139.19 4,523.26 91.79
2017-12-31 2,129.65 4,524.49 160.84
2017-09-30 2,135.30 4,302.85 13.76
2017-06-30 2,134.27 4,231.91 18.08
2017-03-31 2,116.21 4,203.08 7.06
2016-12-31 2,092.11 4,087.19 14.70
2016-09-30 2,048.53 4,326.99 291.10
2016-06-30 2,038.20 3,844.96 34.26
2016-03-31 2,037.58 3,813.21 209.99
2015-12-31 2,021.74 3,440.28 30.91
2015-09-30 1,982.08 3,408.20 9.01
2015-06-30 1,896.39 3,326.94 29.03
2015-03-31 1,873.88 3,183.75 52.81
2014-12-31 1,868.23 2,993.50 17.06
2014-09-30 1,818.36 3,006.25 15.57
2014-06-30 1,763.01 2,910.50 0.73
2014-03-31 1,749.49 2,941.28 196.63
2013-12-31 1,647.44 2,685.29 25.24
2013-09-30 1,563.05 2,486.75 14.23
2013-06-30 1,555.32 2,390.02 119.49
2013-03-31 1,512.54 2,391.72 221.00
  • Magellan Midstream Partners's level of debt (173.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (160.3% vs 173.3% today).
  • Debt is well covered by operating cash flow (28.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess Magellan Midstream Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Magellan Midstream Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WEP Dividends

 What is Magellan Midstream Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.34%
Current annual income from Magellan Midstream Partners dividends. Estimated to be 12.83% next year.
If you bought €2,000 of Magellan Midstream Partners shares you are expected to receive €247 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Magellan Midstream Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Magellan Midstream Partners's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WEP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WEP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 4.53 4.00
2023-12-31 4.44 5.00
2022-12-31 4.34 12.00
2021-12-31 4.25 20.00
2020-12-31 4.17 20.00
2020-03-30
DB:WEP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-21 4.110 8.542
2019-10-24 4.080 6.600
2019-07-25 4.050 6.164
2019-04-25 4.020 6.382
2019-01-22 3.990 6.565
2018-10-25 3.910 6.501
2018-07-26 3.830 5.593
2018-04-26 3.750 5.446
2018-01-23 3.680 5.719
2017-10-19 3.620 5.261
2017-07-20 3.560 5.164
2017-04-20 3.490 4.839
2017-01-24 3.420 4.385
2016-10-20 3.350 4.720
2016-07-21 3.280 4.656
2016-04-21 3.210 4.423
2016-01-26 3.140 4.761
2015-10-22 3.050 4.787
2015-07-23 2.960 4.418
2015-05-05 2.870 3.714
2015-01-27 2.780 3.450
2014-10-22 2.670 3.276
2014-07-24 2.560 3.131
2014-04-24 2.450 3.017
2014-01-28 2.340 3.374
2013-10-24 2.230 3.656
2013-07-25 2.130 3.830
2013-04-25 2.030 3.812
2013-01-22 2.000 3.956
2012-10-24 1.940 4.422
2012-07-26 1.885 4.485
2012-04-24 1.680 4.767
2012-01-26 1.630 4.596
2011-10-18 1.600 4.913
2011-07-21 1.570 5.277
2011-04-27 1.540 5.230
2011-01-27 1.515 5.151
2010-10-20 1.490 5.393
2010-07-22 1.465 5.833
2010-04-22 1.440 6.313
2010-01-21 1.420 6.279
2009-10-21 1.420 6.921
2009-07-27 1.420 7.546
2009-04-23 1.420 8.314

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Magellan Midstream Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Magellan Midstream Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Magellan Midstream Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Magellan Midstream Partners has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WEP Management

 What is the CEO of Magellan Midstream Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Mears
COMPENSATION $7,210,215
AGE 56
TENURE AS CEO 9 years
CEO Bio

Mr. Michael N. Mears, also known as Mike, serves as the Director of Sempra Energy since October 11, 2018. He is the Chief Executive Officer, President and Chairman of Magellan GP, LLC, General Partner of Magellan Midstream Partners, L.P. since February 1, 2011. Mr. Mears has been the Vice President of Williams Petroleum Services, LLC since March 2002. He served as the Chief Operating Officer of Magellan GP, LLC May 1, 2008 until 2011. He served as Senior Vice President of Transportation and Terminals of Magellan GP LLC - General Partner of Magellan Midstream Partners LP and served as its Vice President, Transportation of Magellan GP, LLC (formerly, WEG GP LLC), since November 15, 2002 and served in that capacity for Williams Energy Partners L.P.'s former general partner from April 22, 2002 to November 15, 2002. He served as Vice President of Magellan Midstream Holdings GP, LLC which is the general partner of Magellan Midstream Holdings, LP, from June 17, 2003 to November 1, 2005. He served as Vice President of Transportation and Terminals for Williams Pipe Line Company from 1998 to 2002. He also served as Vice President, Petroleum Development for Williams Energy Services from 1996 to 1998. Prior to 1996, he served as Director of Operations Control and Business Development for Williams Pipe Line Company from 1993 to 1996. From 1985 to 1993 he worked in various engineering, project analysis and operations control positions for Williams Pipe Line Company. He received bachelor's degree in chemical engineering from Colorado School of Mines.

CEO Compensation
  • Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Mike's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Magellan Midstream Partners management team in years:

6.2
Average Tenure
54
Average Age
  • The average tenure for the Magellan Midstream Partners management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Mears

TITLE
Chairman
COMPENSATION
$7M
AGE
56
TENURE
9 yrs

Jeff Holman

TITLE
Senior VP
COMPENSATION
$2M
AGE
48
TENURE
0.8 yrs

Aaron Milford

TITLE
Chief Operating Officer of Magellan GP
COMPENSATION
$3M
AGE
45
TENURE
0.8 yrs

Lisa Korner

TITLE
Senior Vice President of Human Resources & Administration - Magellan GP LLC
COMPENSATION
$2M
AGE
58
TENURE
13.2 yrs

Douglas May

TITLE
Senior VP
COMPENSATION
$2M
AGE
48
TENURE
9 yrs

Jeff Selvidge

TITLE
Senior Vice President of Commercial for Refined Products - Magellan GP LLC
COMPENSATION
$2M
AGE
58
TENURE
13.2 yrs

Robert Barnes

TITLE
Senior Vice President of Commercial for Crude Oil - Magellan GP LLC
COMPENSATION
$2M
AGE
54
TENURE
6.2 yrs

Michael Pearson

TITLE
Senior Vice President of Technical Services - Magellan GP LLC
AGE
56
TENURE
0.5 yrs

Paula Farrell

TITLE
Associate Vice President of Investor Relations

Michael Aaronson

TITLE
Senior Vice President of Business Development - Magellan GP LLC
AGE
44
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Magellan Midstream Partners board of directors in years:

7
Average Tenure
62
Average Age
  • The tenure for the Magellan Midstream Partners board of directors is about average.
Board of Directors

James Montague

TITLE
Independent Director of Magellan GP
COMPENSATION
$240K
AGE
72
TENURE
16.3 yrs

Mike Mears

TITLE
Chairman
COMPENSATION
$7M
AGE
56
TENURE
9 yrs

Robert Croyle

TITLE
Independent Director of Magellan GP
COMPENSATION
$240K
AGE
76
TENURE
10.5 yrs

Walter Arnheim

TITLE
Independent Director of Magellan GP
COMPENSATION
$247K
AGE
74
TENURE
10.5 yrs

Barry Pearl

TITLE
Presiding Director of Magellan GP
COMPENSATION
$250K
AGE
70

Stacy Methvin

TITLE
Independent Director of Magellan GP
COMPENSATION
$227K
AGE
62
TENURE
4.9 yrs

Lori Gobillot

TITLE
Independent Director of Magellan GP
COMPENSATION
$222K
AGE
57
TENURE
3.8 yrs

Ed Guay

TITLE
Independent Director of Magellan GP
COMPENSATION
$227K
AGE
51
TENURE
3.8 yrs

Chansoo Joung

TITLE
Independent Director of Magellan GP
COMPENSATION
$133K
AGE
58
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • Magellan Midstream Partners individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Feb 20 Sell James Montague Individual 19. Feb 20 19. Feb 20 -1,910 €56.30 €-107,524
21. Feb 20 Sell Robert Croyle Individual 19. Feb 20 19. Feb 20 -1,910 €56.30 €-107,532
21. Feb 20 Sell Jeff Selvidge Individual 20. Feb 20 20. Feb 20 -2,500 €56.28 €-140,704
21. Feb 20 Sell Douglas May Individual 20. Feb 20 20. Feb 20 -10,000 €56.27 €-562,659
21. Aug 19 Buy Chansoo Joung Individual 20. Aug 19 20. Aug 19 5,000 €60.67 €303,345
16. Aug 19 Sell Jeff Selvidge Individual 16. Aug 19 16. Aug 19 -7,000 €59.93 €-418,720
12. Jun 19 Sell Jeff Selvidge Individual 11. Jun 19 11. Jun 19 -4,000 €56.28 €-224,951
X
Management checks
We assess Magellan Midstream Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Magellan Midstream Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WEP News

Simply Wall St News

WEP Company Info

Description

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2019, it had 9,800-mile refined products pipeline system with 53 terminals, as well as 25 independent terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 35 million barrels; and 6 marine terminals with an aggregate storage capacity of approximately 31 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.

Details
Name: Magellan Midstream Partners, L.P.
WEP
Exchange: DB
Founded: 2000
$6,937,411,488
227,724,127
Website: http://www.magellanlp.com
Address: Magellan Midstream Partners, L.P.
One Williams Center,
P.O. Box 22186,
Tulsa,
Oklahoma, 74121-2186,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MMP Limited Partnership Units New York Stock Exchange US USD 06. Feb 2001
DB WEP Limited Partnership Units Deutsche Boerse AG DE EUR 06. Feb 2001
Number of employees
Current staff
Staff numbers
1,884
Magellan Midstream Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:29
End of day share price update: 2020/03/16 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.