Magellan Midstream Partners, L.P.

Magellan Midstream Partners, L.P.verified

MMP

Price:

$69

Market Cap:

$13.94B

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel...[Read more]

Industry

Oil & Gas Midstream

IPO Date

2001-03-19

Stock Exchange

NYSE

Ticker

MMP

The Current Ratio as of July 2024 (TTM) for Magellan Midstream Partners, L.P. (MMP) is 1.08

According to Magellan Midstream Partners, L.P.’s latest financial reports and current stock price. The company's current Current Ratio is 1.08. This represents a change of 7.40% compared to the average of 1.01 of the last 4 quarters.

Magellan Midstream Partners, L.P. (MMP) Historical Current Ratio (quarterly & annually)

How has MMP Current Ratio performed in the past?

The mean historical Current Ratio of Magellan Midstream Partners, L.P. over the last ten years is 0.79. The current 1.08 Current Ratio has changed 13.54% with respect to the historical average. Over the past ten years (40 quarters), MMP's Current Ratio was at its highest in in the June 2021 quarter at 1.59. The Current Ratio was at its lowest in in the March 2020 quarter at 0.37.

Quarterly (TTM)
Annual

Average

0.79

Median

0.74

Minimum

0.48

Maximum

1.24

Magellan Midstream Partners, L.P. (MMP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Magellan Midstream Partners, L.P. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 71.04%

Maximum Annual Current Ratio = 1.24

Minimum Annual Increase = -65.15%

Minimum Annual Current Ratio = 0.48

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.98-21.07%
20211.2471.04%
20200.735.30%
20190.69-27.89%
20180.9630.62%
20170.73-4.89%
20160.7761.83%
20150.48-36.73%
20140.7520.83%
20130.62-65.15%

Magellan Midstream Partners, L.P. (MMP) Average Current Ratio

How has MMP Current Ratio performed in the past?

The current Current Ratio of Magellan Midstream Partners, L.P. (MMP) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.98

5-year avg

0.92

10-year avg

0.79

Magellan Midstream Partners, L.P. (MMP) Current Ratio vs. Peers

How is MMP’s Current Ratio compared to its peers?

Magellan Midstream Partners, L.P.’s Current Ratio is greater than Kinder Morgan, Inc. (0.37), greater than Enterprise Products Partners L.P. (0.93), greater than The Williams Companies, Inc. (0.52), greater than MPLX LP (0.72), less than Energy Transfer LP (1.18), greater than Enbridge Inc. (0.68), greater than Plains All American Pipeline, L.P. (0.97), less than Crestwood Equity Partners LP (1.31), greater than ONEOK, Inc. (0.70), greater than Holly Energy Partners, L.P. (0.11), greater than NuStar Energy L.P. (0.81), less than Western Midstream Partners, LP (1.51),

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